Lockheed Martin raises dividend 10.5 percent, to 63 cents per shareSeptember 24th, 2009 Lockheed Martin lifts dividend to 63 centsBETHESDA, Md. — Military contractor Lockheed Martin Corp.
Flir Systems gets $15.4 million Army deal for kits for UH-60 Black Hawk helicoptersSeptember 14th, 2009 Flir Systems gets $15.4M Army dealWASHINGTON — Flir Systems Inc. recently received a $15.4 million contract from the Army for kits for a multi-sensor infrared surveillance system for the UH-60 Black Hawk helicopters, the Pentagon said late Monday.
Lockheed Martin gets $13.5 million Navy deal for services on DDG-51 destroyersSeptember 4th, 2009 Lockheed Martin gets $13.5M Navy dealWASHINGTON — A division of Lockheed Martin Corp. received a $13.5 million contract boost from the Navy for management and engineering services for the DDG-51 destroyer, the Pentagon said late Friday.
Lockheed Martin gets $421.1 million Air Force pact for services for Air and Space OperationsSeptember 2nd, 2009 Lockheed Martin gets $421.1M Air Force pactWASHINGTON — A unit of Lockheed Martin Corp. received a $421.1 million contract boost from the Air Force for services for the Air and Space Operations Center, the Pentagon said late Wednesday.
Lockheed Martin to fund Delhi undergrads' next-gen UAVSeptember 1st, 2009 NEW DELHI - Impressed by the talent of a group of engineering undergraduates who won top honours at an international competition for unmanned aerial vehicles (UAVs), US aerospace major Lockheed Martin announced Tuesday it would fund their efforts to create a new generation machine that would have civilian and military applications. "Here is a group of students who are undergraduates and have worked on a technology they don't even have classes on," said Ray O.
AAR receives $40 million contract from BAE Systems to build more mobile shelters for ArmyAugust 25th, 2009 AAR gets $40M contract from BAE SystemsWOOD DALE, Ill. — Aviation product supplier AAR Corp.
Lockheed Martin sets up new missile defense systems operating unitAugust 25th, 2009 Lockheed Martins starts missile defense unitHUNTSVILLE, Ala. — Lockheed Martin Space Systems Co., a division of defense contractor Lockheed Martin Corp., said Tuesday that it has established a new missile defense systems operating unit based in Huntsville, Ala.
Lockheed Martin gets $25.1 million defense pact for hardware to upgrade Virginia class subsAugust 19th, 2009 Lockheed Martin gets $25.1M defense pactWASHINGTON — Lockheed Martin Corp., the nation's largest defense contractor, received a $25.1 million contract boost from the Navy for hardware to upgrade the Virginia Class attack submarine, the Pentagon said late Wednesday. The hardware will be used for a sonar system upgrade, which has already been integrated into the first 10 ships of the class as part of the modernization program.
Lockheed Martin to cut jobs at space systems unit, primarily in Denver and Sunnyvale, Calif.August 17th, 2009 Lockheed Martin to cut 800 jobs in space systemsDENVER — Lockheed Martin says it will eliminate 800 jobs across its space systems division, largely in two facilities in Colorado and California. The reductions represent about 4.5 percent of the overall workforce.
Back to Earth: ATK Space Systems blames layoffs on end of space shuttle, Minuteman programsJuly 24th, 2009 ATK Space Systems to lay off 450 engineers, othersOGDEN, Utah — The phase-out of the space shuttle for a new generation of space vehicles means hundreds of layoffs in Utah. ATK Space Systems, a business unit of Minneapolis-based Alliant Techsystems Inc., told employees in a memo Thursday that as many as 450 engineers and factory workers will lose jobs in October.
Lockheed gets Air Force satellite contract worth $262 millionJuly 11th, 2009 Lockheed gets $262M Air Force ContractWASHINGTON — The Air Force said Friday that it has awarded a $262 million satellite contract to a division of Lockheed Martin Corp. The contract is for long lead parts and material procurement for the Air Force's fourth Space Based Infrared Systems Geosynchronous Earth Orbit Satellite and a payload.
House committee adds $369 million for Lockheed's embattled F-22 fighter jetJune 17th, 2009 House committee adds $369M for Lockheed's F-22 jetWASHINGTON — Lockheed Martin Corp.'s F-22 program got an unexpected lift Wednesday after House lawmakers approved $369 million to continue production of the radar-evading fighter jets. The surprise amendment, likely to reopen a debate over the necessity of the Cold War planes that cost $140 million each, was approved by the House Armed Services Committee.
Lockheed Martin boosted lobbying spending as big programs face threatsMay 12th, 2009 Lockheed ramped up lobbying in 1QWASHINGTON — Lockheed Martin Corp. significantly increased the amount of money it spent lobbying Congress and the Pentagon during the first quarter as it fought to stave off proposed cuts to some of its major weapons programs.
Pilot killed in US fighter jet crashMarch 26th, 2009 WASHINGTON - The pilot of a F-22A fighter jet was killed when the aircraft crashed in California while on a test flight, news reports said. The pilot, 49-year-old David Cooley, was with the air force for 21 years, before he jointed contractor Lockheed Martin, the Los Angeles Times reported.
Lockheed Martin selects Raytheon for F-16 protection suiteFebruary 10th, 2009 BANGALORE - The race for an Indian Air Force (IAF) order for 126 combat jets just got hotter with US defence major Lockheed Martin opting to equip its F-16IN Super Viper with electronics giant Raytheon's protection suite, which the company described as the 'world's most advanced electronic warfare system'. The two companies announced the tie-up on the sidelines of the seventh edition of the Aero India international air show that opened here Wednesday.