Key Developments: Lockheed Martin Corp (LMT)

LMT on New York Consolidated

19 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Lockheed Martin Corp awarded contract to support U.S. marine corps air operations system
Thursday, 18 Sep 2014 08:00am EDT 

Lockheed Martin Corp:Says the battle command system used by the Marines to manage and monitor airborne platforms, including fighters, bombers, tankers, unmanned aerial vehicles, and helicopters, will be maintained by Lockheed Martin.Under a contract worth about $18 million, Lockheed Martin will upgrade and sustain the USMC's Virtualized Theater Battle Management Core Systems (TBMCS), which interfaces with Joint Services and Coalition systems to enable synchronized air mission planning for all arms of the military.  Full Article

Lockheed Martin Corp and Copenhagen Airport Partner in consultancy to help airports improve operations
Friday, 5 Sep 2014 09:00am EDT 

Lockheed Martin Corp:Says company and Copenhagen Airport (CPH) are partnering.Says partnering to offer new consulting service to help airports maximize available data to improve operations.Says airports have an abundance of data that goes unused during operational planning.Says joint Lockheed Martin and CPH consultancy service will help airports analyze data and optimize processes to get the most out of their operations.  Full Article

Electro Optic Systems Holdings Ltd's subsidiary enters into space collaboration agreement with Lockheed Martin Corporation
Monday, 25 Aug 2014 11:00pm EDT 

EOS Space Systems Pty Ltd:Says EOS Space Systems Pty Ltd a wholly owned subsidiary Electro Optic Systems Holdings Ltd is to join forces with Lockheed Martin Corporation to provide space tracking services to the space industry.EOS announced it had executed a strategic cooperation agreement with Lockheed Martin for the joint development and roll out of EOS and Lockheed Martin space tracking capabilities at a new facility in Western Australia.Says under the agreement, EOS and Lockheed Martin will collaborate in the production, deployment and operation of proprietary space tracking sensors.Says the objective of the joint effort is to provide value-added services to the space industry, based on timely and accurate space data from those sensors.  Full Article

Lockheed Martin completes acquisition of Astrotech Space Operations Business
Friday, 22 Aug 2014 04:15pm EDT 

Lockheed Martin Corp:Completed the acquisition of the assets of the Astrotech Space Operations business of Astrotech Corporation.Astrotech Space Operations will be a wholly-owned subsidiary of Lockheed Martin reporting through the Corporation's Space Systems business area.The terms of the transaction are not material to Lockheed Martin.  Full Article

Lockheed Martin Corp completes acquisition of Zeta Associates
Monday, 18 Aug 2014 03:30pm EDT 

Lockheed Martin Corp:Completes acquisition of Zeta Associates, Inc.Zeta will be a wholly-owned subsidiary of Lockheed Martin reporting through the Corporation's Space Systems business area.Terms of transaction are not material to Lockheed Martin.  Full Article

Lockheed Martin Corp receives contract extension to further support Human Spaceflight Missions At Johnson Space Center
Tuesday, 5 Aug 2014 09:00am EDT 

Lockheed Martin Corp:Says it will provide facilities development and operations support of human spaceflight missions at NASA's Johnson Space Center (JSC) in Houston through at least Sept. 30, 2016, under a contract extension.The about $340 mln three-year extension includes a two-year base period with a one-year option.The contract value now exceeds $1 bln.Under the Facilities Development and Operations Contract (FDOC), Lockheed Martin provides engineering and operations assistance for the hardware, software, data and display systems used to train for and execute all human spaceflight missions supported by the Mission Operations Directorate at JSC.  Full Article

Lockheed Martin Wins 90 mln Pounds metropolitan police service contract
Monday, 4 Aug 2014 11:02am EDT 

Lockheed Martin Corp:Says its arm Lockheed Martin UK will lead the introduction of a new command and control system for the Metropolitan Police Service (MPS) under a new 90 million Pounds contract signed in London.Says the company will undertake the force's first major refresh of the command and control system in 30 years.  Full Article

Lockheed Martin Corp reaffirms FY 2014 revenue outlook; raises FY 2014 earnings outlook
Tuesday, 22 Jul 2014 07:25am EDT 

Lockheed Martin Corp:Says it has increased FY 2014 financial guidance for profit, earnings, and cash flow.Expects FY 2014 net sales in the range of $44,000-$45,500 mln, as compared to previous range of $44,000-$45,500 mln.Expects FY 2014 consolidated operating profit in the range of $5,475-$5,625 mln, as compared to previous range of $5,250-$5,400 mln.Expects FY 2014 diluted earnings per share in the range of $10.85-$11.15, as compared to previous range of $10.50-$10.80.FY 2014 revenue of $44,765 mln, EBIT of $5,438 mln, EPS of $10.96 - Thomson Reuters I/B/E/S.  Full Article

Lockheed Martin Corp receives $212 million contract for PAC-3 Missile Support
Monday, 14 Jul 2014 11:00am EDT 

Lockheed Martin Corp:Receives contract award recently totaling $212 mln from the U.S. Army Aviation and Missile Command for Patriot Advanced Capability-3 (PAC-3) Maintenance & Surveillance services to U.S. and international PAC-3 customers from the Missile Support Center.Lockheed Martin is prime contractor on PAC-3 Missile Segment of Patriot air defense system.These Maintenance and Surveillance services will begin immediately at Lockheed Martin facilities in the United States.  Full Article

Lockheed Martin receives contract to enhance U.S. Navy C4ISR collection and dissemination capabilities
Monday, 30 Jun 2014 10:00am EDT 

Lockheed Martin Corp:To enhance how the Navy exchanges C4ISR data throughout the space, air, surface, subsurface, and unmanned sensor domains under a contract with Space and Naval Warfare Systems Center Pacific.Contract has a ceiling value of $35 million over five years.  Full Article


Lockheed eyes 2-4 percent cost reduction in next F-35 contract

WASHINGTON - Lockheed Martin Corp is close to signing a roughly $4 billion deal with the U.S. Defense Department for 43 more F-35 fighter jets that will lower the cost of the jet's airframe by 2 to 4 percent, sources familiar with the program said.

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