Tag Archives: Lockheed Martin

US shutdown threatens defense contractors

Defense companies warned Friday they are days away from placing thousands of workers on unpaid leave if the US government shutdown drags on and halts arms manufacturing. Failure by Congress to approve a budget for the new fiscal year has … Continue reading

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Pentagon vows to Protect Funding for F-35 if Possible

Top Pentagon officials on Tuesday underscored their support for the Lockheed Martin Corp F-35 fighter, vowing to try to protect funding for the most expensive U.S. weapons program despite continued U.S. budget uncertainty and cost over-runs. The $396 billion program … Continue reading

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United Launch Alliance Monopoly on Satellite Launches to be Ended by Pentagon

The U.S. Defense Department plans to open more than a dozen rocket launches to competition, moving to end a monopoly held by a Lockheed Martin Corp.-Boeing (BA) Co. joint venture. The Air Force is authorized to buy as many as … Continue reading

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Missile Defense “National Team” Awarded C2BMC Contract

Lockheed Martin (NYSE:LMT), as prime contractor leading a consortium of five major defense contractors, has been awarded a follow-on contract with an estimated value of $980M to continue work on the Command, Control, Battle Management and Communications program for the … Continue reading

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