Lockheed Martin Corp.’s (LMT) business segment, Aeronautics, recently clinched a contract involving its F-35 aircraft program. The award has been provided by the Naval Air Systems Command, Patuxent River, MD.Details of the DealValued at $31.2 million, the contract is expected to be completed by January 2025. Per the terms of the deal, Lockheed will provide production and non-recurring engineering support for landing gear design, redesign, and analysis to boost the ability to produce and deliver the F-35 lan ...

Lockheed Martin Corp. (LMT) constructed the GOES-U advanced weather satellite, which has been recently launched from NASA's Kennedy Space Center for the National Oceanic and Atmospheric Administration (“NOAA”). Meanwhile, the GOES-U series weather satellite was launched after more than 16 years of designing, building and testing four major weather satellites for the nation.Benefits of the LaunchFor weather forecasting, tracking severe storms and climate monitoring, GOES-U will provide vital data. Moreover, ...

NOAA's newest satellite will complete the GOES-R series and provide critical weather and climate dataKENNEDY SPACE CENTER, Fla., June 25, 2024 /PRNewswire/ -- An advanced weather satellite built by Lockheed Martin [NYSE: LMT] for the National Oceanic and Atmospheric Administration (NOAA) launched today from NASA's Kennedy Space Center at 5:26 p.m. ET. Lifted to space aboard a Space X Falcon Heavy rocket, the GOES-U satellite successfully deployed its large solar array to generate electrical power and has es ...

Lockheed Martin Corp. (LMT) recently announced that it clinched a contract worth $2.27 billion to design and construct a spacecraft for the Geostationary Extended Observations (GeoXO) satellite program. The spacecraft will be delivered to the National Oceanic and Atmospheric Administration (“NOAA”).Details of the DealPer the terms of the deal awarded by NASA, Lockheed will build three spacecraft, with the option of constructing additional spacecraft. The work related to this contract will be carried out in ...

Lockheed Martin Corp.’s (LMT) business unit, Aeronautics, recently clinched a modification contract involving its F-35 fighter jet program. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.  Details of the DealValued at $63.5 million, the contract is expected to be completed by August 2024. The latest modification should enable Lockheed to extend services involving continued infrastructure support for F-35 Joint Strike Fighter (JSF) laboratory facilities and F-35 developmental ...

NOAA's Geostationary Extended Observations weather satellites to bring new critical measurements and advanced weather forecasting capabilityDENVER, June 18, 2024 /PRNewswire/ -- NASA has selected Lockheed Martin [NYSE: LMT] to develop and build the nation's next generation weather satellite constellation, Geostationary Extended Observations (GeoXO), for the National Oceanic and Atmospheric Administration (NOAA).The baseline contract is for three spacecraft with options for four additional spacecraft. The to ...

Lockheed Martin Corp.’s (LMT) business segment, Missiles and Fire Control (MFC), recently clinched a contract for Phased Array Tracking to Intercept of Target Advanced Capability-3 (PAC-3) software. The award has been offered by the Army Contracting Command, Redstone Arsenal, AL.Valued at $65.5 million, the contract is expected to be completed by Jun 30, 2026. Work related to this deal will be carried out in Grand Prairie, TX, as well as Bahrain, Germany, Japan, Kuwait, the Netherlands, Poland, Qatar, Roman ...

MARIETTA, Ga., June 18, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) recently delivered the 2,700th Hercules multi-mission tactical airlifter, increasing the size, reach and strength of the worldwide C-130 fleet.This landmark aircraft is a KC-130J Super Hercules tanker operated by the U.S. Marine Corps Aerial Refueler Transport Squadron 252 at Marine Corps Air Station at Cherry Point, North Carolina.Lockheed Martin Photograph by David L. KeyDefined by its proven performance and unmatched versatility, op ...

The most recent trading session ended with Lockheed Martin (LMT) standing at $459.01, reflecting a +0.15% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.77%. Elsewhere, the Dow saw an upswing of 0.49%, while the tech-heavy Nasdaq appreciated by 0.95%.Prior to today's trading, shares of the aerospace and defense company had lost 1.69% over the past month. This has was narrower than the Aerospace sector's loss of 1.9% and lagged the S&P 500's gain of 3.71% in th ...

Lockheed Martin could play a large role in helping smaller space companies to IPO.Valued at $110 billion and doing nearly $70 billion in annual business, Lockheed Martin (LMT -0.05%) is the world's biggest defense company. It's also a major player in space.Lockheed Martin builds the Orion spacecraft that will one day carry NASA astronauts (back) to the moon, making it an integral part of NASA's Project Artemis. Lockheed owns half of United Launch Alliance, still the preferred provider of satellite launches ...