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The Leidos-Lockheed Martin merger is one of the biggest transactions thus far in the consolidation of the defense sector. Leidos contracts extensively with the Department of Defense , the Department of Homeland Security , and the Intelligence Community , as well as other U.S. government agencies and select commercial markets.
Lockheed Martin abandoned plans for an $8.3 billion merger with Northrop Grumman on July 16, 1998, due to government concerns over the potential strength of the new group; Lockheed/Northrop would have had control of 25% of the Department of Defense's procurement budget. [23]
Northrop Grumman earns a respectable 8.7% operating profit margin on its "space" business, while L3Harris's Aerojet unit generates even better profit margins of 11.6%.
Northrop later partnered with Lockheed on the F-35 and serves as a principal member of the Lockheed Martin industry led team. [ 12 ] In 1998, a merger between Northrop Grumman and competitor Lockheed Martin was considered but abandoned after resistance from the Department of Defense and Department of Justice. [ 46 ]
Investment company FourThought Financial, LLC (Current Portfolio) buys Northrop Grumman Corp, Lockheed Martin Corp, Xcel Energy Inc, AbbVie Inc, DocuSign Inc, sells AT&T Inc, L3Harris Technologies ...
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On 24 April 2024, the US Air Force announced that they had eliminated Boeing, Lockheed Martin, and Northrop Grumman from the Increment I competition and that the Anduril Fury and General Atomics Gambit would be moving forward with development. The Air Force expects to make a final decision between the two companies' offerings by 2026.
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