Lockheed works on satellite project

KING OF PRUSSIA, Pa., Dec. 16 (UPI) -- A contract to improve the operation and affordability of satellite command and control has been given to Lockheed Martin by the U.S. Air Force.

Army's RF-ITV II contract goes to Lockheed

ALEXANDRIA, Va., Dec. 15 (UPI) -- Lockheed Martin will help the U.S. Army in shipping of equipment and supplies to combatant commands through a five-year RF-ITV II contract.

France pitching Brazil to save Rafale jet

BRASILIA, Brazil, Dec. 14 (UPI) -- France is making a high-level pitch in Brazil to secure a sale for its unloved Rafale jet fighter.

Iraq seeks $2.3 billion F-16 deal

WASHINGTON, Dec. 14 (UPI) -- Iraq is seeking to buy F-16IQ aircraft from the United States in a Foreign Military Sale package worth an estimated $2.3 billion.

Leaked report: F-35 has problems

WASHINGTON, Dec. 13 (UPI) -- A leaked U.S. Pentagon report says technical and performance problems with Lockheed-Martin's F-35 Joint Strike Fighter are worse than expected.

Malware creeping into portable documents

WASHINGTON, Dec. 13 (UPI) -- Malware designed to damage computer systems is being secreted into portable documents commonly known as pdf by cybercriminals whose efforts usually are thwarted by antivirus software.

New Norwegian frigates getting Aegis

WASHINGTON, Dec. 13 (UPI) -- Lockheed Martin is being awarded a U.S. Foreign Military Sales program contract for the Aegis weapons system for Norway.

Lockheed given F-35 contract modification

WASHINGTON, Dec. 13 (UPI) -- A fixed-price-incentive contract modification is being given to Lockheed Martin Aeronautics for 30 LRIP F-35 jets, the U.S. Defense Department said.

Brazil to upgrade combat gear on subs fleet

RIO DE JANEIRO, Dec. 13 (UPI) -- Brazil is seeking to upgrade combat systems on its existing submarine fleet as part of an extensive defense optimization program.
Israel fears F-35 delay, upgrades F-16s

Israel fears F-35 delay, upgrades F-16s

TEL AVIV, Israel, Dec. 12 (UPI) -- The Israeli air force is upgrading its F-16C/D jets amid growing concerns the delivery of F-35 stealth fighters ordered by the Jewish state will be delayed.

Seoul shopping for cruise missiles

SEOUL, Dec. 9 (UPI) -- South Korea has set aside $343 million towards buying 177 air-to-surface cruise missiles next year, a report in the Korea Herald newspaper said.

Brazil tests Lockheed combat system

RIO DE JANEIRO, Dec. 8 (UPI) -- Lockheed Martin says the Brazilian navy for the first time has used an integrated combat system, which was provided by the company.

DRS providing submarine sonar systems

PARSIPPANY, N.J., Dec. 8 (UPI) -- DRS Laurel Technologies has been subcontracted to provide the U.S. Navy with submarine combat and sonar systems.

Australia receives final Tiger helicopter

CANBERRA, Australia, Dec. 8 (UPI) -- Australian Aerospace delivered the last of 22 Tiger armed reconnaissance helicopters to army at the company's final assembly plant at Brisbane Airport.

Air Force gets palletized ISR system

DENVER, Dec. 7 (UPI) -- The U.S. Air Force has received an airborne signals intelligence system that allows C-130Js to be used for tactical signals intelligence and reconnaissance.
Page 2 of 8
Lockheed Martin
A visitor walks past a US made Lockheed Martin army surface to surface missile on the opening day of the Eurosatory international exhibition for Land and Land-air Defene in Villepinte, north of Paris, June 12, 2006. The show is to run until June 16. (UPI Photo/Eco Clement)

Lockheed Martin (NYSE: LMT) is an American global aerospace, defense, security, and advanced technology company with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in Bethesda, Maryland, in the Washington Metropolitan Area. Lockheed Martin employs 140,000 people worldwide. Robert J. Stevens is the current Chairman and Chief Executive Officer. Lockheed Martin is one of the world's largest defense contractors; In 2009, 74% of Lockheed Martin's revenues came from military sales.[1] It received 7.1% of the funds paid out by the Pentagon.[2] Lockheed Martin operates in four business segments. These comprise, with respective percentages of 2009 total net sales of $45.2 billion, Aeronautics (27%), Electronic Systems (27%), Information Systems & Global Solutions (27%), and Space Systems (19%). In 2009 US Government contracts accounted for $38.4 billion (85%), foreign government contracts $5.8 billion (13%), and commercial and other contracts $0.9 billion (2%).[3] In both 2009 and 2008 the company topped the list of US Federal Contractors. The company has received the Collier Trophy six times. Most recently (in 2001) for being part of developing the X-35/F-35B LiftFan Propulsion System,[4][5][6] and again in 2006 for leading the team that developed the F-22 Raptor fighter jet.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Lockheed Martin."
Photo Galleries
Most Popular
Psychedelic mushrooms enable a hyperconnected brain Psychedelic mushrooms enable a hyperconnected brain
France holds up delivery of warships to Russia France holds up delivery of warships to Russia
North Korea publicly executes 10 people for watching South Korean soap operas North Korea publicly executes 10 people for watching South Korean soap operas
Janel Parrish talks rumored romance with Val Chmerkovskiy Janel Parrish talks rumored romance with Val Chmerkovskiy
Miley Cyrus dons revealing, bondage-inspired dress at amfAR Gala Miley Cyrus dons revealing, bondage-inspired dress at amfAR Gala