Lockheed to upgrade weapons systems on naval destroyers Lockheed Martin has been awarded a contract by the U.S. Navy to upgrade weapons systems on several of its Arleigh Burke-class destroyers. The deal is valued at more than $80.3 million under the terms of a fixed-price-incentive contract, which is a modification on a previous award.(UPI)
Why is this news? Company has revenues of about $24B, nd you're talking about an extension to a contract they already have (not exactly "new" business) that grows their sales by a whopping 0.15% p.a., and on the basis if their profit margin, increases their cash about $3M per annum. It's like saying "Since Fatty McFatFace moved to New York, McDonald's at Times Square (NYSE:MCD) have sold 10 extra burgers a month".
Lockheed Martin Lockheed Martin has won a "handshake deal" with the U.S. Defense Department for a batch of 141 F-35A combat jets, at a likely value of around $13 billion. The preliminary agreement reportedly lowers the price of the jet by around 6%, although final pricing and terms will be announced in the coming weeks. Reuters
Lockheed's troubled F-35 grounded by Pentagon after first crash The plane is grounded to allow an inspection which is “driven from initial data from the ongoing investigation of the F-35B that crashed in the vicinity of Beaufort, South Carolina” on Sept. 28. (Industry Week)
Lockheed 'Martian' changes logo to celebrate Mars landing In a touch of humor rarely seen from a founding member of the military-industrial complex, Lockheed Martin is changing its name and logo to Lockheed Martian for 24 hours to celebrate the landing of the Mars InSight spacecraft. (Ad Age)
Well, they built the thing, and it landed on Mars. That's pretty neat. Nothing I have ever built has landed on Mars. Maybe Lockheed will be the company that eventually develops the first FTL engine for space flight? *Shrugs*
Defense giant Lockheed Martingot tired of watching billionaire tech dudes have all the fun in space, so they just dropped $4.4B to acquire Aerojet Rocketdyne (a company with expertise in space, propulsion, and munitions).