| 2008-03-05 | Contract/Agreements | A team headed by Lockheed Martin Space Systems Company (LMSSC) has received a $5.7 million contract from DARPA to compete in Phase 1 development of their System F6 space technology and demonstration program. F6 is shorthand for "Future, Fast, Flexible, Fractionated, Free Flying Spacecraft United by Information Exchange."
The DARPA System F6 program intends to demonstrate that a traditional, large, monolithic satellite can be replaced by a group of smaller, individually launched, wirelessly networked and cluster flown spacecraft modules. Each "fractionated" module can contribute a unique capability to the rest of the network, such as computing, ground communications, or payload functionality. The ultimate goal of the program is to launch a fractionated spacecraft system and demonstrate it in orbit in approximately four years.
"Our team brings together the perfect combination of innovation, expertise, experience and past performance to successfully demonstrate the value and flexibility of a fractionated approach to satellite systems," said Dr. Jim Ryder, vice president of the Lockheed Martin Space Systems Advanced Technology Center (ATC) in Palo Alto. "For our 12 Month Phase 1 preliminary design effort, we will evaluate fractionation technologies and system econometrics, simulate the fractionated space network mission with our extensive space qualified hardware in the loop (HIL) and Controls & Automation Laboratory testbeds and work closely with our DARPA partner to conduct a thorough stakeholder analysis to identify potential mission partners."
The Lockheed Martin effort comprises a multi disciplinary team of leaders for all System F6 technology pillars. The ATC delivers advanced research in space system network architectures and control for fractionation. The LMSSC Surveillance & Navigation Systems (SNS) line of business delivers experience in mission partner concepts and fielding SmallSats for proximity operations. Lockheed Martin Information Systems & Global Services (IS&GS) delivers ground systems. Other teammates include Colbaugh & Heinsheimer (supported by several Stanford University professors), Aurora Flight Sciences (supported by several MIT professors), and Vanderbilt University.
The ATC is the research and development organization of Lockheed Martin Space Systems Company (LMSSC). LMSSC, a major operating unit of Lockheed Martin Corporation, designs, develops, tests, manufactures and operates a full spectrum of advanced technology systems for national security, civil and commercial customers. Chief products include human space flight systems; a full range of remote sensing, navigation, meteorological and communications satellites and instruments; space observatories and interplanetary spacecraft; laser radar; fleet ballistic missiles; and missile defense systems.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
Buddy Nelson, (510) 797 0349; e mail, buddynelson@mac.com,
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| 2008-03-05 | Contract/Agreements | Last Friday, Lockheed Martin delivered the first missionized HC 130J long range surveillance maritime patrol aircraft to the U.S. Coast Guard. The aircraft's new mission equipment and sensor packages are designed to deliver enhanced search, detection and tracking capabilities to perform maritime search and rescue, maritime law enforcement and homeland security missions.
"With the stroke of a pen, the most capable aircraft in the Coast Guard's history is now in our inventory," said Coast Guard Capt. Matthew Sisson, Deepwater aviation program manager, as he signed the acceptance papers on February 29.
Lockheed Martin is working under a fixed price contract to deliver three missionized HC 130Js and is on schedule to complete the aircraft this month. A contract modification is expected in the coming weeks to begin work on the fourth aircraft. The contract modification will also include options for missionizing the remaining two aircraft to round out the Coast Guard inventory of six HC 130Js.
"Expectations run high as the fleet prepares to exploit the capabilities of the fully missionized HC 130J," said Cmdr. Tim Schang, HC 130J platform manager with the Coast Guard's Office of Aviation Forces.
The aircraft modifications include installation of a belly mounted surface search radar, a nose mounted electro optical infrared sensor, a flight deck mission operator station and a mission integrated communication system. The mission system installed on the HC 130J is derived from the same software series developed for the mission system pallet onboard the HC 144A maritime patrol aircraft concurrently in testing.
"The missionized HC 130J is ideal for multi tasked operations," said Rich Lockwood, vice president of Lockheed Martin's Coast Guard Systems business. "In addition to its new command and control and surveillance capability, the aircraft retains the full cargo carrying capability that has made the Hercules the most versatile airlift platform worldwide for more than 50 years."
Lockheed Martin leveraged the breadth of the corporation by bringing together its Maritime Systems & Sensors and Aeronautics companies to perform the work for this important component of the Coast Guard's Deepwater program.
Integrated Coast Guard Systems, a joint venture of Lockheed Martin and Northrop Grumman, was awarded the Deepwater contract in June 2002 and has been renewed through January 2011.
Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion. For additional information, visit our website: http://www.lockheedmartin.com s.server=server() s.channel="news release" s.pageName="news_release_u.s. coast guard accepts delivery of first lockheed martin missionized hc 130j maritime patrol aircraft" s.prop2="109" s.prop3="03 05 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-02-27 | Contract/Agreements | Lockheed Martin today was awarded the George M. Low Award, NASA's highest recognition for demonstrated excellence and outstanding achievements in quality and performance on the Mission Support Operations Contract (MSOC).
MSOC was awarded to Lockheed Martin in September 2003 to deliver engineering, maintenance and operation services associated with the Mission Control Center (MCC) and Integrated Planning System (IPS) to NASA's Mission Operations Directorate at Johnson Space Flight Center. Within MSOC, Lockheed Martin is responsible for providing engineering, design, development, integration, operations, and maintenance for ground systems and mission planning as well as level of effort services.
The George M. Low Award is NASA's premier quality and performance award for NASA's prime and sub contractors. This award program recognizes large and small businesses that demonstrate excellence and outstanding technical and managerial achievements in quality and performance on NASA related contracts or subcontracts. Nominees are evaluated on six criteria: customer satisfaction and contract technical performance, schedule performance, cost performance, leadership and quality improvement, research and development and/or innovative technology breakthroughs, and items of special interest to NASA.
"Our team is focused and committed to quality and performance at every level," Rich Jackson, program manager for MSOC said. "We are extremely proud to have been chosen for this prestigious award and look forward to the challenges NASA provides us in the future."
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
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| 2008-02-27 | Contract/Agreements | Team to Develop ISR Capabilities Vital to Fighting Global War on Terror
DENVER, Feb. 27 /PRNewswire/ Lockheed Martin announced today that it has signed a cooperative research agreement with the U.S. Army's Communications Electronics Research Development and Engineering Center's (CERDEC) Intelligence and Information Warfare Directorate (I2WD) to develop tactical intelligence, surveillance and reconnaissance capabilities. Under this cooperative research and development agreement (CRADA), Lockheed Martin and I2WD will leverage resources to develop advanced ISR capabilities vital to the Army's role in the global war on terrorism.
"This is an exciting opportunity for Lockheed Martin. With the inherent synergies that exist between our organizations, we can accelerate the development of ISR capabilities that warfighters need in the field today," said Elton Schroeder, vice president of C4ISR Systems for Lockheed Martin's Mission & Combat Support Solutions.
"At I2WD, we focus on ISR solutions that shorten decision cycles for warfighters. By combining our expertise with Lockheed Martin's, we hope to provide our forces with a decisive information advantage to build future warfighting capabilities," said Anthony Lisuzzo, Director of I2WD, U.S. Army CERDEC, at Fort Monmouth, New Jersey.
Through this CRADA, Lockheed Martin will work with I2WD to develop tactical ISR tools and technologies that support current and future Army ISR warfighting requirements. Together the team will investigate capabilities that enhance persistent ISR in a global networked environment; improve situational awareness and knowledge management across multiple domains and improve decision making abilities at all echelons. This cooperative research will include experimentation, development, & analysis of operational concepts and wargaming.
As CRADA work begins, the team will leverage Lockheed Martin's wide area network infrastructure as well as its Center for Innovation, a state of the art facility designed for analysis and synthesis of net centric warfare capabilities. This world class laboratory provides a worldwide interconnected network environment and a robust analytical global information grid test bed where the team can research, prototype and develop future ISR designs, processes, and products in a dynamic, interoperable operational construct. The Center's suite of advanced modeling and simulation tools will help the team to better define advanced ISR solutions to fit specific Army missions.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The Corporation reported 2007 sales of $41.9 billion.
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| 2008-02-12 | Contract/Agreements | NGI to Transform FBI's Primary Law Enforcement, Criminal History and Information Sharing System
ROCKVILLE, Md., Feb. 12 /PRNewswire FirstCall/ The Federal Bureau of Investigation (FBI) awarded Lockheed Martin (NYSE: LMT) a ten year, $1 billion contract today to develop and maintain the Bureau's Next Generation Identification (NGI) system, a multi modal, state of the art biometrics system for use by state, local and federal authorities.
"We were proud to collaborate with the FBI on the Integrated Automated Fingerprint Identification System, the largest system in the world of its type," said Judy Marks, president, Lockheed Martin Transportation and Security Solutions. "We're tremendously pleased to partner with the agency once again to deliver the next quantum leap in capability."
The NGI system will expand fingerprint capacity, doubling the size of the current database, and will now also include palm prints, iris and facial recognition capabilities. Additionally, the system requires a significant degree of technical flexibility in order to accommodate other biometric modalities that may mature and become important to law enforcement efforts in the future.
"Together, our team brought to bear all the elements the FBI required," said Carlaine Blizzard, vice president of Secure Enterprise Solutions, Lockheed Martin Transportation and Security Solutions. "We offered the Bureau vitally important flexibility particularly as the agency's mission has expanded beyond traditional law enforcement to include counter terrorism efforts."
The Lockheed Martin led team includes Accenture, BAE Systems Information Technology Inc., Global Science & Technology (GST), Innovative Management & Technology Services (IMTS), Platinum Solutions and the National Center for State Courts (NCSC).
Lockheed Martin will provide program management and oversight as well as biometric and large systems development and integration expertise. Accenture's responsibilities will include interoperability and change management; BAE Systems Information Technology will work on external interface requirements engineering, as well as security design.
GST and IMTS, both West Virginia small businesses with a long history of working with Lockheed Martin on the IAFIS program, will provide important program continuity in addition to systems engineering. Platinum Solutions and the NCSC each offer the team key niche capabilities. Platinum Solutions is currently working with the FBI Laboratory on related technologies. NCSC will help shape and oversee the privacy considerations for the program; it will also provide guidance on interfacing with state court systems.
In May of last year, Lockheed Martin opened the Biometric Experimentation and Advanced Concepts (BEACON(TM)) center in White Hall, WV, to serve as a collaborative center in the development of integrated biometrics solutions for both current and future initiatives. In addition to other programs, the center will support the FBI and the NGI program.
Lockheed Martin has significant experience in the development of biometric technology for use in pioneering programs. In addition to designing, developing, deploying and maintaining IAFIS, the company is the lead systems integrator for the Registered Traveler program led by Verified Identity Pass, Inc. The company is also the lead contractor for the Transportation Worker Identification Credential (TWIC) program, a Transportation Security Administration initiative to protect ports by issuing a biometrically based credential to vetted port workers requiring unescorted access to the ports.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
For additional information, visit our Web site:
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| 2008-02-07 | Contract/Agreements | Lockheed Martin's facility in Camden, AR, has been selected as a recipient of the of the 2008 Shingo Silver Medallion for demonstrating excellence in manufacturing.
The Shingo Silver Medallion is awarded to companies that demonstrate a system driven level of business transformation, and recognizes operational excellence in companies that have challenged traditional business paradigms in order to face the challenges of today's global economy. Lockheed Martin's Camden Operations was one of only three businesses throughout North, Central and South America that received the Silver Medallion this year.
This award, along with the plant's recent INDUSTRYWEEK magazine award for being named one of the "Top Ten Best Plants" in North America, places Lockheed Martin's Camden facility among a select group of World Class Lean Manufacturing companies focused on manufacturing excellence.
"To be recognized by the Shingo Board of Examiners with the Silver Medallion demonstrates Camden Operations' commitment to Lean Manufacturing and continuous improvement," said Glenn David Woods, Lockheed Martin Missiles and Fire Control's Camden site director. "We have an excellent team that is fully engaged and focused on delivering disciplined performance in support of our Soldiers, and this award is a confirmation for everyone involved in that endeavor."
Applicants for the Shingo Award are selected based upon scoring criteria of documentation provided by the applying facility in the categories of Leadership Culture and Infrastructure, Manufacturing Strategies and Systems, Non Manufacturing Support Functions, Quality, Cost and Delivery, and Business Results. Applications are reviewed by a team of Shingo auditors, and the companies that provide adequate evidence of World Class and Lean Manufacturing processes are subsequently engaged in a two day site visit and validation audit.
"It is truly an honor for the Camden facility and its employees to be recognized among such a prestigious group of world class manufacturers," said Ron Beaver, Lockheed Martin Missiles and Fire Control's Shingo Prize project leader. "This level of achievement substantiates the Lean Manufacturing processes embedded in the Camden philosophy, and the continued dedication of our management and workforce in support of the Warfighter."
In addition to this facility, Lockheed Martin Missiles and Fire Control plants in Archbald, PA, and Troy, AL, were awarded the Shingo Prize for Excellence in Manufacturing in 2005 and 2002 respectively.
Lockheed Martin's Camden Operations, which employs approximately 450 in southern Arkansas, is the final assembly site for the Multiple Launch Rocket System (MLRS) line of launchers and precision strike rockets, the transformational High Mobility Artillery Rocket System (HIMARS) launcher and the Patriot Advanced Capability 3 (PAC 3) Missile, the world's only fielded, combat proven terminal air defense missile employing hit to kill technology. Additionally, the Terminal High Altitude Area Defense (THAAD) launcher will be produced in Camden beginning in 2009.
Through the implementation of Lean/Six Sigma principles, the average total production lead time on these complex systems has been reduced from 18 months to 12 months, from customer contract award to first delivery. This is significant considering the fact that lead time is driven not only by Lockheed Martin's internal processes, but also by domestic and foreign major subcontractors and suppliers, who produce critical components. Camden Operations' personnel worked closely with the supplier base to assure that manufacturing efficiencies were driven down to all levels of the supply chain.
"We base our existence on delivering products that meet or exceed contractual commitments and customer requirements, while adhering to the highest ethical and professional standards," said Woods. "We don't just pay lip service to quality here in Camden ... it's ingrained in our cu |
| 2008-02-06 | Contract/Agreements | Lockheed Martin , along with teammate Flugwerkzeuge Aviation Software of Vienna, Austria, will supply Milwaukee based Midwest Airlines with advanced flight planning technology designed to optimize flight routes, increase efficiency and generate cost savings.
Lockheed Martin will serve as the program management lead and systems integrator. Two key technologies developed by Flugwerkzeuge, a flight planning system known as mfs:2 and Operations User System (OPUS(TM)) for the management of Notices to Airmen (NOTAMs), will be integrated into Midwest Airlines' operations control center. Together, these tools will enable Midwest Airlines to design optimal flight paths by incorporating integrated weather, NOTAMs and navigation data.
In order to design cost optimized flight plans, the mfs:2 system utilizes variables such as upper air temperatures, wind speed, aircraft performance, airways and airspace restrictions, connection rules and cost constraints.
"We're pleased that the airline known for providing 'The best care in the air' has selected our advanced flight planning solutions, and we look forward to implementing our systems to help Midwest meet the increasing operational challenges facing airlines today," said Sandy Samuel, vice president of Aviation Solutions for Lockheed Martin.
Midwest Airlines features jet service throughout the United States. Catering to business travelers and discerning leisure travelers, the airline earned its reputation as "The best care in the air" by providing passengers with impeccable service and onboard amenities at competitive fares.
Flugwerkzeuge Aviation Software (F:WZ) provides cutting edge aviation technology and is a leading company in the area of cost saving and optimizing system solutions and data service provision. The company serves airlines in all parts of the world, from small regional carriers to major international carriers.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
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| 2008-02-04 | Contract/Agreements | The U.S. Naval Sea Systems Command has awarded Lockheed Martin a Mk48 Torpedo support task order, which consists of one three month base period, one nine month base option, and four one year options. The task order, which has a total value of $35 million, will be performed at the Navy's Heavyweight Torpedo Intermediate Maintenance Activity at Pearl Harbor, Hawaii.
"We look forward to our new role to provide the commander of Submarine Force, U.S. Pacific Fleet, with Mk 48 exercise and warshot torpedoes to meet fleet operational readiness, training, and tactical commitments," said Larry Gilliam, vice president of defense programs for Lockheed Martin Mission Services.
Lockheed Martin personnel will perform technical and supply support, quality assurance, inventory management, and technical documentation functions. They will receive, inspect, induct, process, and issue torpedoes, performing maintenance actions and associated torpedo component and test equipment troubleshooting, repair and maintenance.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
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| 2008-01-31 | Contract/Agreements | Facilities in Washington, DC area, Palo Alto and Sunnyvale, Calif. Recognized
BETHESDA, Md., Jan. 31 /PRNewswire/ The U.S. Environmental Protection Agency (EPA) has recognized Lockheed Martin [NYSE: LMT] for the company's leading green power purchase and participation in the agency's Green Power Partnership. Three Lockheed Martin facilities have been named in the agency's Fortune 500 Green Power Challenge List, which recognizes corporations that reduce environmental impacts associated with electricity use.
Lockheed Martin's Baltimore/Washington area facilities purchased more than 25 million kilowatt hours (kWh) of renewable energy in 2007, which ties Lockheed Martin for 23rd on the list of corporations participating in the Green Power Challenge. The facilities include buildings located in Chantilly, Fairfax and Manassas, Va.; and Bethesda, Gaithersburg, Rockville and Middle River, Md.
According to EPA, Lockheed Martin's purchase is equivalent to avoiding the carbon dioxide (CO2) emissions of nearly 4,000 passenger vehicles per year or the equivalent amount of electricity needed to power nearly 3,000 average American homes annually.
Lockheed Martin Space Systems facilities in Palo Alto, Calif., are collectively ranked 41st on the list. The facilities' 2007 purchase of 1.8 million kWh of renewable energy represents about 10 percent of the site's total power consumption.
Additionally, Lockheed Martin Space Systems in Sunnyvale, Calif., purchased 80,000 kWh of green power, also placing that facility on EPA's list.
"This is an honor, and we're proud to be recognized by the EPA," said Bob Stevens, Chairman, President and CEO. "Lockheed Martin is dedicated to finding responsible ways to ensure we are able to deliver the innovative solutions our customers require in ways that conserve natural resources and reduce our greenhouse gas emissions. I'm proud to say that our continuous quest for improvement is making a difference."
The Green Power Partnership is a voluntary program that encourages organizations to buy green power as a way to reduce the environmental impacts associated with purchased electricity use. The Partnership currently has hundreds of Partner organizations voluntarily purchasing billions of kilowatt hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500 companies, small and medium sized businesses, local, state, and federal governments, and colleges and universities. For additional information, please visit http://www.epa.gov/greenpower.
Green power is electricity that is generated from environmentally preferable renewable resources, such as wind, solar, geothermal, biogas, biomass and low impact hydro. These resources generate electricity with a net zero increase in carbon dioxide emissions, while offering a superior environmental profile compared to traditional power generation sources. Green power purchases also support the development of new renewable energy generation sources nationwide.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
Media Contact: Gail Rymer, (301) 535 9500, e mail: gail.rymer@lmco.com
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| 2008-01-30 | Contract/Agreements | Machine' technology industry
MOUNTAIN VIEW, Calif., Jan. 30 /PRNewswire FirstCall/ Savi, a Lockheed Martin company and provider of wireless based supply chain solutions, has been included on M2M magazine's 2008 list of the top 100 companies in the machine to machine technology industry. Savi is one of 38 companies that have appeared on the list every year since the list was first published in 2004.
(Logo: http://www.newscom.com/cgi bin/prnh/20080123/AQW081LOGO)
According to M2M magazine, "The 2008 M2M 100 is a list of the most important and influential machine to machine technology providers as determined by the editors of M2M magazine and its editorial advisory board. It is designed to provide a snapshot of the market as it exists today and the companies with the greatest impact on its direction." The M2M 100 is published annually and can be viewed at http://www.m2mmag.com.
"Savi continues to create innovative solutions using the full range of wireless technologies on our networked software platform to improve supply chain efficiency and security for our government and commercial customers," said Bob Kramer, Savi's chief operating officer. "We're pleased that M2M magazine continues to recognize us as a leader in this important and growing market."
Connecting people, devices, and systems, M2M magazine is the first and only publication dedicated to the machine to machine communication market. With the goal of helping companies uncover ways to reduce costs and automate processes by networking their assets, M2M magazine is the definitive resource for decision makers who want to harness the real time benefits of this emerging technology.
With over 17 years' experience, Savi is a proven leader in RFID and related wireless solutions for the management and security of supply chain assets, shipments and consignments. Savi's integrated RFID hardware and software solutions drive business value, such as reducing supply chain assets, inventory and operational costs. Founded in 1989, Savi Technology is a wholly owned subsidiary of Lockheed Martin, with headquarters in Mountain View, Calif., and offices in Johannesburg, London, Melbourne, Singapore and Washington D.C. For more information, visit http://www.savi.com.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
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| 2008-01-30 | Contract/Agreements | Lockheed Martin has received a $512 million contract to provide the High Mobility Artillery Rocket System (HIMARS) and the Guided Multiple Launch Rocket System (GMLRS) to the U.S. Army and to the U.S. Marine Corps.
Work on the contract will be performed at the company's facilities in Camden, AR, and Grand Prairie, TX, and is scheduled for completion in 4th quarter 2010. Specific quantities of vehicles and rockets were not disclosed.
"The HIMARS system brings much more mobile and lethal dimension to Soldiers and Marines," said Lt. Col. John Chicoli, U.S. Army Precision Guided Munitions and Rockets Product Manager. "HIMARS' exceptional mobility and transportability, together with the newest evolution of the MLRS family of munitions, bring long range, precision fires, all weather, near vertical impact to theater greatly reducing collateral damage."
HIMARS can accommodate the entire family of MLRS munitions, including all variants of the Guided MLRS rocket and Army Tactical Missile System (ATACMS) missiles. Designed to enable troops to engage and defeat artillery, air defense concentrations, trucks, light armor and personnel carriers, as well as support troop and supply concentrations, HIMARS can move away from the area at high speed following missile launch, well before enemy forces are able to locate the launch site.
Because of its C 130 transportability, HIMARS can be deployed into areas previously inaccessible to heavier launchers and provides a force multiplier to the modular brigade. It also incorporates the self loading, autonomous features that have made MLRS the premier rocket artillery system in the world.
HIMARS carries a single six pack of MLRS rockets, or one ATACMS missile. Its fire control system, electronics and communications units are interchangeable with the existing MLRS M270A1 launcher, and the crew and training are the same. HIMARS units are currently deployed by the U.S. Army and U.S. Marine Corps in support of the Global War on Terrorism.
"In theater, the GMLRS Unitary rocket has earned the nickname 'the 70 kilometer Sniper Rifle,' and continues to live up to that reputation mission after mission," said Lt. Col. Mark Pincoski, U.S. Army Product Manager, Precision Guided Missiles and Rockets. "Guided Unitary has reshaped the way indirect fires are applied throughout the battlefield thanks to its 24 hour, all weather availability and pinpoint accuracy."
Guided Unitary MLRS is the newest variant which leverages the GMLRS experience and investment to integrate a unitary warhead with a multi mode fuze to expand the MLRS target set to include point targets within urban and complex environments. In January 2005, the U.S. Army issued an Urgent Need Statement for acceleration of GMLRS Unitary deliveries in support of counter fire operations. Lockheed Martin delivered the first 72 GMLRS Unitary rockets in June 2005 satisfying the requirements of the Urgent Need Statement. The first 900+ rockets were delivered to the U.S. in 2005 and 2006.
"The successes of these systems speak for themselves," said Rick Edwards, vice president of Tactical Missiles at Lockheed Martin Missiles and Fire Control. "HIMARS and GMLRS, coupled with a world class logistics footprint, are becoming ubiquitous to the urban and counter insurgency fight whenever surgical precision is needed."
GMLRS is an all weather, precision strike, artillery rocket system that achieves greater range and precision accuracy requiring fewer rockets to defeat targets, thereby reducing the number of rockets necessary to defeat current targets as well as limiting collateral damage. GMLRS is a Future Force system that provides the joint warfighter with immediate, precision fires to engage, destroy and deny terrain to the enemy.
GMLRS is effective against counter fire, air defense, light materiel and personnel targets. GMLRS incorporates a Global Positioning System aided inertial guidance package integrated on a product |
| 2008-01-29 | Contract/Agreements | Lockheed Martin was awarded a $35 million contract to deliver advanced, open architecture combat systems that will modernize four Tupi class submarines, one Tikuna class submarine and one shore based trainer system for the Brazilian Navy.
Under a contract administered by the U.S. Navy, as part of a foreign military sale for weapons and combat systems to the Brazilian Navy, Lockheed Martin will provide systems engineering, sensors, software and electronics for the modernization of the diesel submarines' control, combat management, sonar and fire control and weapons launch systems.
The modernized systems will provide the Brazilian Navy tangible improvements in overall submarine performance with dramatically improved war fighting capability. At the same time, it will improve the Brazilian Navy's ability to operate with naval forces of the U.S. and other allies.
The new, open architecture submarine combat systems also will provide the Brazilian Navy with improved computer processing capacity, component redundancy and reconfiguration capability. This will increase availability with reduced spare parts requirements, thereby reducing the through life cost of ownership. This modernization effort also will enable the Brazilian submarine force to defer future obsolescence of its combat system.
This modernization effort complements the recent decision by the Brazilian Navy to acquire the MK 48 Mod 6AT heavyweight torpedo from the U.S. government as a replacement for existing torpedo inventories. Lockheed Martin was selected after a competition conducted by DGMM, the Brazilian Navy material acquisition agency.
To accelerate delivery of the capabilities to the Brazilian Navy's submarine force, Lockheed Martin will leverage proven sonar and combat systems technology that has been developed for allied navies' diesel electric submarine programs.
"We look forward to this opportunity to bring critical technologies, capabilities and skills to the Brazilian Navy for the benefit of its submarine force," said Denise Saiki, vice president and general manager of Lockheed Martin's Undersea Systems business unit. "As a leading and experienced systems integrator of submarine sonar systems, Lockheed Martin offers a proven, open architecture system to address the Brazilian Navy's need for phased implementation of a Commercial off the shelf (COTS)/Open Architecture (OA) solution."
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
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| 2008-01-24 | Earnings/Dividends | The Lockheed Martin Corporation Board of Directors today declared a regular quarterly dividend on the Corporation's common stock of 42 cents per share.
The dividend is payable March 28, 2008 to holders of record as of March 3, 2008.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation reported 2007 sales of $41.9 billion.
For additional information, visit our web site: http://www.lockheedmartin.com. s.server=server() s.channel="news release" s.pageName="news_release_lockheed martin declares quarterly dividend of 42 cents" s.prop2="109" s.prop3="01 24 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-01-24 | Earnings/Dividends | * Fourth quarter earnings per share up 13% to $1.89; Full year earnings per share up 22% to $7.10
* Fourth quarter net earnings up 10% to $799 million; Full year net
earnings up 20% to $3.0 billion * Fourth quarter net sales of $10.8 billion, level with 2006; Full year net
sales up 6% to $41.9 billion * Cash from operations of $420 million for the fourth quarter; $4.2 billion
for the full year
* Increased outlook for 2008 net sales, operating profit, earnings per
share, cash from operations and return on invested capital (ROIC)
BETHESDA, Md., Jan. 24 /PRNewswire FirstCall/ Lockheed Martin Corporation (NYSE: LMT) today reported fourth quarter 2007 net earnings of $799 million ($1.89 per diluted share), compared to $729 million ($1.68 per diluted share) in 2006. Net sales were $10.8 billion in both the fourth quarter of 2007 and 2006. Cash from operations for the fourth quarter of 2007 was $420 million, compared to $333 million in 2006.
Net earnings for the year ended December 31, 2007 were $3.0 billion ($7.10 per share), compared to $2.5 billion ($5.80 per share) in 2006. Net sales for the year ended December 31, 2007 were $41.9 billion, a 6% increase over the $39.6 billion in the comparable 2006 period. Cash from operations for the year ended December 31, 2007 was $4.2 billion, compared to $3.8 billion in 2006. Return on Invested Capital (ROIC) was 21.4% for the year ended December 31, 2007 compared to 19.2% in 2006.
"I'm very proud of our performance across the board in 2007," said Bob Stevens, Chairman, President and CEO. "Our program execution was solid, we won important new business and we continued to shape a balanced business portfolio all while achieving outstanding financial performance. This success is a tribute to our dedicated and talented employees who understand the important challenges that face our customers."
Summary Reported Results and Financial Outlook
The following table presents the Corporation's results for the quarters and years ended December 31, in accordance with generally accepted accounting principles (GAAP):
REPORTED RESULTS
(In millions, except 4th Quarter Year
per share data) 2007 2006 2007 2006
Net sales $10,841 $10,840 $41,862 $39,620
Operating profit
Segment operating profit $1,256 $1,161 $4,691 $4,031
Unallocated corporate, net:
FAS/CAS pension adjustment (12) (69) (58) (275)
Unusual items, net 29 71 230
Stock compensation expense (33) (28) (149) (111)
Other, net 4 (23) (28) (105)
$1,215 $1,070 $4,527 $3,770
Net earnings $799 $729 $3,033 $2,529
Diluted earnings per share $1.89 $1.68 $7.10 $5.80
Cash from operations $420 $333 $4,241 $3,783
The following table and other sections of this press release contain forward looking statements, which are based on the Corporation's current expectations. Actual results may differ materially from those projected. See the "Forward Looking Statements" discussion contained in this press release.
2008 FINANCIAL OUTLOOK (1)
(In millions, except per share data 2008 Projections
and percentages) Current Update October 2007
Net sales $41,800 $42,800 $41,250 $42,750
Operating profit:
Segment operating profit: $4,715 $4,840 $4,660 $4,785
Unallocated corporate, net:
FAS/CAS pension adjustment 125 40
Unusual items, net
Stock compensation expense (170) (170)
Other, net (65) (65)
4,605 4,730 4,465 4,590
Interest expense (345) (345)
Other non operating income 145 180
Earnings before income taxes $4,405 $4,530 $4,300 $4,425
Diluted earnings per share $7.05 $7.25 $6.95 $7.15
Cash from operations /= $4,200 /= $4,000
ROIC(2) /= 18.5% /= 18.0%
(1) All amounts estimated
(2) See discussion of non GAAP performance measures at the end of this
document
The Corporation's outlook for 2008 net sales and segment operating profit has been increased primarily as a result of vo |
| 2008-01-18 | Contract/Agreements | Raptor 03, the third F 22 manufactured by the industry team of Lockheed Martin , Boeing and Pratt & Whitney, took center stage yesterday at The National Museum of the U.S. Air Force as it became part of a new exhibit showcasing America's air dominance fighter. One of nine F 22s built for engineering, manufacture and development testing, Raptor 03 will remain on display in the museum.
"The F 22 Raptor is a revolutionary combat system with its fifth generation fighter capabilities, and we are pleased to add one of these state of the art weapons systems to the museum's collection," said Brig. Gen. C.D. Moore, Commander, 478th Aeronautical Systems Wing. "The expanding Raptor fleet, represented by the display of Ship 3 (91 4003), reflects the finest in American ingenuity, creativity and innovation."
Raptor 03 was the test fleet workhorse. It was used for loads testing, crosswind landing trials, arrester hook evaluations, and weapons bay environment studies. It was the first F 22 to launch an AMRAAM missile at supersonic speeds and was the first to carry out a rolling, high g Sidewinder missile shot, something no other aircraft is capable of doing.
"We are honored by the role the industry team has played in defining a new generation of U.S. Air Force Air Dominance fighters," said Larry Lawson, Lockheed Martin Aeronautics executive vice president and F 22 general manager. "The Raptor now sits in this great museum among the greatest aircraft ever used in the defense of our nation."
The Raptor's combination of stealth, integrated avionics, maneuverability and supercruise (flight 1.5 times the speed of sound without afterburner) gives the F 22 "first look, first shot, first kill" capability against any potential enemy aircraft and anti access surface to air threats. The F 22 was designed to provide not just air superiority but air dominance, giving America's warfighter an unprecedented advantage quickly and decisively.
The F 22 Raptor, the world's most advanced fighter, is built by Lockheed Martin teamed with Boeing and Pratt & Whitney. Parts and subsystems are provided by approximately 1,000 suppliers in 44 U.S. states. F 22 production takes place at Lockheed Martin Aeronautics facilities in Marietta, Ga.; Fort Worth, Texas; Palmdale, Calif.; and Meridian, Miss., as well as at Boeing's plant in Seattle, Wash. Final assembly, initial flight testing and delivery of the Raptor occurs at Marietta.
Raptors are currently assigned to five U.S. bases. Flight testing takes place at the Air Force Flight Test Center at Edwards AFB, Calif. Operational tactics development and Weapons School training is ongoing at Nellis AFB, Nev. Pilot and crew chief training takes place at Tyndall AFB, Fla. Operational Raptors are assigned to the 1st Fighter Wing at Langley AFB, Va. (27th and 94th Fighter Squadrons) and now the 3rd Wing at Elmendorf AFB, Alaska. Raptors will also be based at Holloman AFB, N.M., and Hickam AFB, Hawaii.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2006 sales of $39.6 billion.
For additional information, visit our Web sites:
http://www.lockheedmartin.com
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| 2008-01-16 | Contract/Agreements | Lockheed Martin has signed a contract with the Government of Canada valued at $1.4 billion for the purchase of 17 C 130J Super Hercules airlifters and related equipment and services.
"We are extremely proud that the C 130J has been selected as Canada's next tactical airlifter. The Super Hercules will be the new workhorse of the Canadian Forces," said Jim Grant, Lockheed Martin vice president for Air Mobility and Special Operations Forces business development. "The C 130J is a proven, available, rugged aircraft capable of performing a full spectrum of tactical airlift missions in demanding environments."
The Canadian Forces' new Super Hercules will be the longer fuselage or "stretched" variant of the C 130J, similar to those being delivered to the U.S. Air Force. Deliveries to Canada will begin in 2010. Canada joins the growing number of nations with C 130J fleets. Allied operators include the United States, Australia, Demark, Italy, Norway and the United Kingdom.
"This contract begins the process for working with Canadian industry to establish a 20 year In Service Support (ISS) program for the new fleet," said Grant. Under the terms of the agreement, Lockheed Martin is required to conduct a series of competitions to select the Canadian companies that will make up the ISS capability in Canada. "We look forward to utilizing this acquisition to further strengthen our relationship with Canada. This program represents an outstanding opportunity to grow the capabilities and expertise of the Canadian aerospace industry," Grant said.
The new C 130J generates much greater operational efficiency than the older C 130s, such as Canada's E and H model, by flying farther, faster, with more payload and higher reliability. Additionally, the C 130J only requires three crew members for most missions so fewer flight crew members are exposed to potential threats in theatre. C 130Js are currently deployed in several theatres and are operating at a very high tempo efficiently and reliably. C 130Js are being used daily for troop and equipment re supply via ground delivery and airdrop, for air to air refueling, ground refueling and humanitarian relief.
Headquartered in Bethesda, Md., Lockheed Martin employs over 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2006 sales of $39.6 billion. s.server=server() s.channel="news release" s.pageName="news_release_lockheed martin receives $1.4 billion contract for 17 c 130j super hercules aircraft for canada" s.prop2="109" s.prop3="01 16 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-01-16 | Contract/Agreements | MELVILLE, N.Y.--(BUSINESS WIRE)--Comtech Telecommunications Corp. (NASDAQ: CMTL) announced today that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, received orders totaling $6.7 million under its Movement Tracking System, or MTS contract, with the U.S. Army.
The orders are for the supply of MTS systems which feature Comtech's Model MT-2012 mobile satellite transceivers integrated with both ruggedized and control station computers, miscellaneous hardware, installation kits, program management, and technical support services. Comtech's Model MT-2012 Transceiver features Savi Technology's ISO-compliant EchoPoint RFID Reader, as well as secure Global Positioning System (GPS) capabilities. The orders are in support of ongoing MTS program activities in the United States and abroad.
Fred Kornberg, President and Chief Executive Officer of Comtech Telecommunications Corp., said, We are pleased to have received these most recent MTS orders. We look forward to our continued involvement in the MTS Program and the continued deployment of our satellite products and related technology.
Comtech Mobile Datacom Corporation, a Germantown, Maryland-based company, is engaged in the provision of satellite-based packet data communication systems and location and messaging services through the use of advanced communication and network technology. To learn more about Comtech Mobile Datacom, please visit the companys website at www.comtechmobile.com.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable or ineffective. The Company conducts business through three complementary segments: telecommunications transmission, mobile data communications and RF microwave amplifiers. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a market leader in the market segments that it serves.
Savi Technology is a leading provider of supply chain management and security solutions leveraging software and Automatic Identification and Data Collection (AIDC) technologies, including Radio Frequency Identification (RFID). Savi Technology is a wholly owned subsidiary of Lockheed Martin Corporation (NYSE: LMT).
Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company's Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such Securities and Exchange Commission filings.
PCMTL
|
| 2008-01-16 | Contract/Agreements | The NATO Medium Extended Air Defense System (MEADS) Management Agency awarded a $66 million contract to incorporate the Lockheed Martin (NYSE: LMT) PAC 3 Missile Segment Enhancement (MSE) Missile as the baseline interceptor for the tri national program. The new interceptor increases the system's range and lethality over the baseline PAC 3 Missile, which was selected as the primary missile for MEADS when the design and development program began in 2004.
The PAC 3 MSE Missile, under development by Lockheed Martin Missiles and Fire Control, is an even more powerful version of the combat proven hit to kill missile now in production. The MSE Missile increases the engagement envelope and defended area by using more responsive control surfaces and a more powerful rocket motor.
"The PAC 3 MSE Missile provides MEADS with significant performance benefits," said Jim Cravens, president of MEADS International (MI). "With added thrust and its ability to handle more sophisticated threat missiles, it offers extended reach and protection for the Soldiers and Airmen who defend us."
MEADS is a mobile air and missile defense system being developed to replace Patriot systems in the United States and Nike Hercules systems in Italy and to supplement Patriot systems in Germany.
"Changing the baseline interceptor during our Preliminary Design Review keeps risk to a minimum and keeps us on track to provide the three nations with the 21st century air and missile defense system they have requested," said MI Technical Director Claudio Ponzi.
The MEADS Steering Committee, composed of one government representative from each of the participating nations, recommended the change following submittal of a study by MI that identified the design effects and benefits of adopting the PAC 3 MSE Missile.
"Our study assessed the principal technical, schedule, cost, contract and program implications of integrating the PAC 3 MSE Missile into MEADS," said MEADS International Vice President Axel Widera. "We found that each of these issues could be managed and that the MSE would be a worthwhile change for the safety of our troops."
MEADS will incorporate the hit to kill PAC 3 MSE Missile in a system that includes 360 degree surveillance and fire control sensors, netted distributed battle management/communication centers and high firepower launchers. The system will combine superior battlefield protection with extensive flexibility, allowing it to protect forces and to provide selected critical assets for homeland defense against tactical ballistic missiles, cruise missiles, unmanned aerial vehicles and aircraft.
When completed, MEADS will be the only air and missile defense system able to roll off tactical transports with the troops and begin operations almost immediately. More importantly, its open architecture will provide for 21st century air and missile defense system of system integration capabilities that allow operational mission tailoring for homeland defense or defense of maneuver forces. MEADS is intended to provide significant operation and support cost savings.
In May 2005, MEADS International signed a definitized contract valued at $2 billion plus euro 1.4 billion for the program's design and development.
A multinational joint venture headquartered in Orlando, FL, MEADS International's participating companies are MBDA in Italy, LFK in Germany and Lockheed Martin in the United States. Together, these companies have focused an international engineering team in Orlando to develop systems and technologies for the MEADS program, which is closely watched as a model for collaborative transatlantic development. The United States funds 58 percent of the MEADS program, and European partners Germany and Italy provide 25 percent and 17 percent respectively.
The hit to kill, kinetic energy PAC 3 MSE Missile being produced for the U.S. Patriot system by Lockheed Martin Missiles and Fire Control is an advanced, capable th |
| 2008-01-15 | Contract/Agreements | Lockheed Martin Corporation has been awarded a $13.2 million contract for computer program modernization and integration for Machinery Control Systems (MCS) of DDG 51 Flight I/II Class ships as part of the DDG Modernization Program. The contract includes a base effort for modernization of the existing computer program as well as engineering services and support required for integration of the hull, mechanical and electrical systems.
Lockheed Martin is currently developing and testing the modernization MCS computer program to be outfitted in the last two new construction destroyers, DDG 111 and DDG 112. The MCS software will be used as the baseline for upgrades to the in service ships.
"This computer program modernization will reduce human workload, enabling reduction in crew size," explained Jim Craig, Vice President of Ground, Maritime and Civil Solutions for Lockheed Martin Simulation, Training & Support. "It will also drive commonality into the DDG 51 Class MCS, and together these efforts will yield lifetime support cost savings for the Navy."
Lockheed Martin is performing software, hardware and human systems integration to optimize the forward fit solution, that will be designed to flow into the back fitting of ships currently in the fleet. The program is on track to install a modernized fully functional MCS on schedule.
Lockheed Martin provides marine engineering control systems in all Arleigh Burke class destroyers, and since 1972 has provided more than 750 control consoles in U.S. Navy cruisers, frigates, support ships and submarines.
Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products, and services. s.server=server() s.channel="news release" s.pageName="news_release_lockheed martin awarded machinery control system computer program modernization contract for u.s. navy destroyers" s.prop2="109" s.prop3="01 15 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-01-14 | Contract/Agreements | Lockheed Martin received a $40.4 million contract modification to provide Aegis Ballistic Missile Defense (BMD) capability to the Aegis equipped Japanese Maritime Self Defense Force destroyer JS Myoko.
JS Myoko is the third of four Japanese destroyers scheduled for outfitting with the Aegis BMD Weapon System. JS Kongo, which successfully intercepted a ballistic missile with its Aegis BMD Weapon System in a December test, was the first Japanese ship equipped with Aegis BMD. Installation of Aegis BMD aboard the second destroyer, JS Chokai, is under way in Nagasaki, Japan.
"In 2007, Aegis BMD delivered a host of 'firsts' in four increasingly complex operational scenarios, closing the year with JS Kongo's successful intercept a first for Japan," said Orlando Carvalho, vice president and general manager of Lockheed Martin's Surface Sea Based Missile Defense line of business. "Through all of those tests, our engineers were 100 percent focused on delivering engineering excellence, and those successes exemplify commitment to bring Aegis BMD to JS Myoko, as we have to JS Kongo and will to JS Chokai."
The Aegis Weapon System is the world's premier naval surface defense system and is the foundation for Aegis BMD, the primary component of the sea based element of the United States' Ballistic Missile Defense System (BMDS).
Aegis BMD has established a record of strong performance with 12 successful ballistic missile intercepts in 14 attempts.
The Aegis BMD Weapon System seamlessly integrates the SPY 1 radar, the MK 41 Vertical Launching System, the SM 3 missile and the Aegis Weapon System's command and control system. The Aegis BMD Weapon System also integrates with the Missile Defense Agency's BMDS, receiving cues from and providing cueing information to other BMDS elements.
The Aegis Weapon System is currently deployed on 85 ships around the globe with more than 20 additional ships planned or under contract. In addition to the United States and Japan, Aegis is the maritime weapon system of choice for Spain, Norway, South Korea and Australia.
Lockheed Martin is a world leader in systems integration and the development of air and missile defense systems and technologies. It also has considerable experience in interceptor systems, kill vehicles, battle management command, control and communications, precision pointing and tracking optics, as well as radar and other sensors that enable signal processing and data fusion. The company makes significant contributions to nearly all major U.S. Missile Defense Systems and participates in several global missile defense partnerships.
Headquartered in Bethesda, MD, Lockheed Martin employs more than 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
For additional information on Lockheed Martin Corporation, visit: http://www.lockheedmartin.com s.server=server() s.channel="news release" s.pageName="news_release_lockheed martin awarded $40.4 million to provide aegis ballistic missile defense to third japanese destroyer" s.prop2="109" s.prop3="01 14 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-01-14 | Contract/Agreements | Provides Significant Capability on Arleigh Burke Destroyers and Littoral Combat Ships
RIVIERA BEACH, Fla., Jan. 14 /PRNewswire/ Lockheed Martin recently delivered the third production Remote Multi Mission Vehicle (RMMV) to the U.S. Navy, increasing the mine countermeasures capability for both DDG 51 Arleigh Burke class destroyers and the Littoral Combat Ship (LCS). The first and second RMMV were delivered to the Navy in April and August 2007, respectively.
The RMMV is a robust unmanned, semi submersible, semi autonomous vehicle that can be adapted to a broad spectrum of applications and missions, including towing variable depth sensors to detect, localize, classify and identify undersea threats at a safe distance from friendly ships. The RMMV provides all weather, low observable operations, high endurance, interchangeable mission system electronics, and real time data transfer capability beyond line of sight.
The RMMV is the integral mobile subsystem of the Navy's AN/WLD 1 Remote Minehunting System (RMS), which includes the RMMV, a launch and retrieval system for the RMMV, the RMMV towed sonar sensor, advanced communications equipment and software that integrates RMS into the host ship's combat system. Launched and controlled remotely from forward deployed ships, the RMMV gives carrier and expeditionary strike groups real time, over the horizon mine reconnaissance capability, keeping the Sailor out of harms way.
In 2005, the Naval Sea Systems Command awarded Lockheed Martin a low rate initial production contract for three RMMVs; a contract for four more RMMVs was awarded in 2006. The RMMV is produced at Lockheed Martin's Riviera Beach, FL facility.
"The Navy now has a steadily growing capability to detect and classify mines at safe distances because of the RMS program," said Gary Humes, Mine Warfare Program Manager, U.S. Navy Program Executive Office Littoral and Mine Warfare. "This increasing capability keeps the Sailor out of the minefield and helps protect the fleet against the devastation caused by sea mines."
"I am extremely proud of our Lockheed Martin team for successfully reaching this milestone," said Jim Weitzel, vice president of Lockheed Martin's Riviera Beach business unit. "The delivery of this technologically advanced product significantly enhances ship and crew safety sending the vehicle into the danger zone instead."
Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
For additional information on Lockheed Martin Corporation visit: http://www.lockheedmartin.com s.server=server() s.channel="news release" s.pageName="news_release_lockheed martin delivers third production remote multi mission vehicle (rmmv) to u.s. navy" s.prop2="109" s.prop3="01 14 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-01-07 | Contract/Agreements | Performance Technologies , a leading developer of communication platforms and systems, today announced that Lockheed Martin's Undersea Systems business unit has selected the company's CPC5910 CompactPCI(R) storage blades for use in an upgrade program for sonar systems onboard Royal Navy submarines.
The CPC5910 is a SATA storage blade that supports 800 GB of RAID capacity. Each blade features two 3.5" enterprise class SATA hard drives that support board level hot swap and drive level hot swap for complete flexibility and high reliability. The blades are a key element in improving the storage technology used with Royal Navy sonar systems. This upgrading program utilizes Commercial Off The Shelf (COTS) products that provide military electronic systems with open architecture capabilities for easier and more rapid transition to newer technologies.
"This important project win is another example of how our CompactPCI products are effectively utilized in COTS programs by leading manufacturers developing state of the art electronic systems for military as well as aerospace and other defense applications," said Performance Technologies Vice President of Sales and Marketing Edward Bizari.
More information on other aerospace and defense applications using Performance Technologies products can be found at http://www.pt.com/aerospace_defense.html. Additional details on the company's high performance, blade level, storage products, including the CPC5900 mass storage sub systems, can be found at http://www.pt.com/products/prodgroup_storage.html.
System architects needing advanced, compute intensive embedded solutions can meet with Performance Technologies representatives at several upcoming events including West 2008 in San Diego, CA (February 5 7, 2008, booth 2419), Military & Aerospace Electronics Forum in San Diego, CA (March 11 12, 2008, booth 515), and Embedded Systems Conference Silicon Valley in San Jose, CA (April 15 17, 2008, booth 1445).
About Lockheed Martin (http://www.lockheedmartin.com)
Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products, and services.
About Performance Technologies (http://www.pt.com)
Performance Technologies (Nasdaq: PTIX) is a global supplier of integrated IP based platforms and solutions for advanced communications networks and innovative computer system architectures. Our Embedded Systems Group offers robust application ready platforms that incorporate open standards based software and hardware, providing significantly accelerated end product deployment benefits for equipment manufacturers. Our Signaling Systems Group offers the SEGway(TM) product suite, which includes IP STPs, SS7 over IP transport solutions, and signaling gateways that enable lower operating costs through utilization of IP networks, thereby creating competitive advantages for carriers in existing and emerging markets.
Performance Technologies is headquartered in Rochester, New York. Additional engineering facilities are located in San Diego and San Luis Obispo, California, and Kanata, Ontario, Canada.
Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward looking statements. This press release contains forward looking statements which reflect the Company's current views with respect to future events and financial performance, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor provisions of those Sections.
These forward looking statements are subject to certain risks and uncertainties, and the Company's actual results can differ materially from those discussed in the forward looking statements. These risks and uncertainties include, am |
| 2008-01-07 | Contract/Agreements | Lockheed Martin recently completed a Preliminary Design Review (PDR) for the Replacement Human Occupied Vehicle (RHOV), a next generation three person Deep Submergence Vehicle (DSV) that will be used by the U.S. scientific community. The successful three day review was conducted in mid November, as scheduled.
In August 2007, Woods Hole Oceanographic Institution (WHOI) awarded Lockheed Martin a $2.8 million contract for the initial design of the RHOV, which is intended to replace the DSV Alvin, the human occupied deep submergence vehicle currently operated by WHOI. The Alvin made headlines for locating a hydrogen bomb lost in the Mediterranean Sea in 1966, discovering deep sea hydrothermal vents in the late 1970s and exploring the sunken ocean liner Titanic in 1986.
"Our RHOV team continues to work closely with the scientific community to execute the advanced design on schedule," said Jim Weitzel, vice president of Lockheed Martin's Mission and Unmanned Systems business unit in Riviera Beach, FL. "The completion of Preliminary Design Review is a significant milestone in making this new capability a reality. The team has completed a thorough and highly successful PDR phase, demonstrating to our customer that the RHOV design will address ocean scientists' needs for a larger and more capable human occupied vehicle which will dive deeper, expanding the ability to reach previously uncharted portions of the ocean."
The PDR, conducted at Lockheed Martin's Riviera Beach facility, was a critical program milestone. The key stakeholders for the RHOV including WHOI management and Alvin pilots, science users, the American Bureau of Shipping, and the National Science Foundation sponsors reviewed Lockheed Martin's proposed design to ensure it met the customers' specifications. The PDR also allowed the Alvin pilots and science users to incorporate their unique perspectives into the final design of the new vehicle.
"PDR is an important step toward realizing the dream of the next generation submersible," said WHOI Vice President for Marine Operations Robert Detrick. "There is no substitute for the human experience of journeying to the ocean depths. WHOI is very pleased with the work Lockheed Martin has done to pass this important milestone in the development of a replacement for the venerable Alvin."
The initial contract, funded through the National Science Foundation (NSF), includes an option for subsequent construction of the RHOV once the detailed design work is complete and WHOI and NSF approve the final design.
Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
For additional information on Lockheed Martin Corporation visit: http://www.lockheedmartin.com.
For additional information on Woods Hole Oceanographic Institution visit: http://www.whoi.edu. s.server=server() s.channel="news release" s.pageName="news_release_lockheed martin successfully completes preliminary design review for new scientific research mini sub" s.prop2="109" s.prop3="01 07 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-01-07 | Contract/Agreements | Lockheed Martin has received a $29 million production order from the U.S. Army for the combat proven precision strike HELLFIRE(R) II air to ground missile. The order represents the final option under the U.S. Army's HELLFIRE II Buy 13 contract, which at $305.9 million is the largest single buy in the history of the HELLFIRE II program.
The final exercised option for Buy 13 is for 431 rounds, bringing the total number of rounds ordered under the contract to 4,622. The additional rounds are scheduled for delivery to the U.S. Army, Navy and Air Force, and the United Kingdom through a foreign military sale, beginning in 2008. The U.S. Army's Buy 14 production order is scheduled to be executed in 2008, with quantities yet to be determined.
Lockheed Martin performs all work on behalf of the HELLFIRE Systems, Limited Liability Company and will produce the missiles at its manufacturing facilities in Troy, AL, and Ocala, FL.
"This contract reaffirms HELLFIRE's proven position as the world's premier air to ground weapon system," said Ken Musculus, program director, Air to Ground Missile Systems at Lockheed Martin Missiles and Fire Control. "Capable of launch from multiple platforms and available in three warhead variants, HELLFIRE II continues its legacy as a highly lethal anti armor and multi purpose weapon that defeats a wide range of targets."
The Buy 13 order will sustain full rate production through 2010, both in Troy and Ocala. Engineering, logistics and program management support are based in Orlando.
The HELLFIRE II production contract includes three variants: the high explosive anti tank missile (AGM 114K), used against armored targets; the blast fragmentation missile (AGM 114M), effective against ships, caves, light armored vehicles, buildings, bunkers and other urban targets; and the metal augmented charge missile (AGM 114N), which provides an enhanced blast fragmentation effect against enclosed structures and enemy combatants.
All three missile configurations, as well as the fire and forget, adverse weather capable millimeter wave radar Longbow HELLFIRE(TM) (AGM 114L), have been used successfully by U.S. and U.K. forces in Iraq and Afghanistan. More than 6,800 rounds have been fired from several platforms, including the U.S. Army's Apache and the Marine Corps' Cobra attack helicopters, the Kiowa scout helicopter, the U.S. Air Force's Predator and Reaper unmanned aerial vehicles and the UK Army Air Corps' Apache aircraft.
"Of particular importance is HELLFIRE's precision strike capability," Musculus said. "This has allowed our forces to defeat insurgents in urban conflicts with minimal collateral damage and low risk of harm to friendly forces and civilians."
With more than 21,000 rounds produced for the U.S. and 13 international customers, HELLFIRE II has been successfully integrated with every leading attack helicopter in the U.S. and many Allied fleets. It is also capable of surface launch from several ground vehicles, tripods and small vessels.
HELLFIRE II is approved for international sales both through the foreign military sales system and direct commercial sales.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. s.server=server() s.channel="news release" s.pageName="news_release_lockheed martin receives $29 million for combat proven hellfire ii missiles" s.prop2="109" s.prop3="01 07 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-01-07 | Contract/Agreements | Lockheed Martin has received a $29 million production order from the U.S. Army for the combat proven precision strike HELLFIRE(R) II air to ground missile. The order represents the final option under the U.S. Army's HELLFIRE II Buy 13 contract, which at $305.9 million is the largest single buy in the history of the HELLFIRE II program.
The final exercised option for Buy 13 is for 431 rounds, bringing the total number of rounds ordered under the contract to 4,622. The additional rounds are scheduled for delivery to the U.S. Army, Navy and Air Force, and the United Kingdom through a foreign military sale, beginning in 2008. The U.S. Army's Buy 14 production order is scheduled to be executed in 2008, with quantities yet to be determined.
Lockheed Martin performs all work on behalf of the HELLFIRE Systems, Limited Liability Company and will produce the missiles at its manufacturing facilities in Troy, AL, and Ocala, FL.
"This contract reaffirms HELLFIRE's proven position as the world's premier air to ground weapon system," said Ken Musculus, program director, Air to Ground Missile Systems at Lockheed Martin Missiles and Fire Control. "Capable of launch from multiple platforms and available in three warhead variants, HELLFIRE II continues its legacy as a highly lethal anti armor and multi purpose weapon that defeats a wide range of targets."
The Buy 13 order will sustain full rate production through 2010, both in Troy and Ocala. Engineering, logistics and program management support are based in Orlando.
The HELLFIRE II production contract includes three variants: the high explosive anti tank missile (AGM 114K), used against armored targets; the blast fragmentation missile (AGM 114M), effective against ships, caves, light armored vehicles, buildings, bunkers and other urban targets; and the metal augmented charge missile (AGM 114N), which provides an enhanced blast fragmentation effect against enclosed structures and enemy combatants.
All three missile configurations, as well as the fire and forget, adverse weather capable millimeter wave radar Longbow HELLFIRE(TM) (AGM 114L), have been used successfully by U.S. and U.K. forces in Iraq and Afghanistan. More than 6,800 rounds have been fired from several platforms, including the U.S. Army's Apache and the Marine Corps' Cobra attack helicopters, the Kiowa scout helicopter, the U.S. Air Force's Predator and Reaper unmanned aerial vehicles and the UK Army Air Corps' Apache aircraft.
"Of particular importance is HELLFIRE's precision strike capability," Musculus said. "This has allowed our forces to defeat insurgents in urban conflicts with minimal collateral damage and low risk of harm to friendly forces and civilians."
With more than 21,000 rounds produced for the U.S. and 13 international customers, HELLFIRE II has been successfully integrated with every leading attack helicopter in the U.S. and many Allied fleets. It is also capable of surface launch from several ground vehicles, tripods and small vessels.
HELLFIRE II is approved for international sales both through the foreign military sales system and direct commercial sales.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. s.server=server() s.channel="news release" s.pageName="news_release_lockheed martin receives $29 million for combat proven hellfire(r) ii missiles" s.prop2="109" s.prop3="01 07 2008" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2008-01-03 | Contract/Agreements | The Portuguese Ministry of Defense has awarded Lockheed Martin a direct commercial sale contract valued at $141 million (euro 99.7 million) to upgrade the mission system avionics on five P 3C maritime surveillance aircraft.
Under the contract, Lockheed Martin will provide a full mission system upgrade for the Portuguese Air Force aircraft. Upgrades include electronic support measures, acoustics, communications, electro optic and infrared systems, as well as new data management software and hardware, including controls, displays and mission computers. Systems design, development and integration work will be completed at Lockheed Martin's Eagan based Tactical Systems line of business. After equipment installation and checkout at Lockheed Martin's Aircraft and Logistics Center in Greenville, SC, the first modernized Portuguese Air Force P 3C aircraft will be delivered in late 2009.
The P 3C is the primary maritime surveillance aircraft operated by the U.S. Navy and 15 international allies. Its roles include anti submarine warfare; anti surface warfare; over water or overland intelligence, surveillance and reconnaissance; and network centric warfare, such as command, control and communications. Additionally, the capabilities of the P 3C make it an ideal platform for a number of secondary missions, including search and rescue, drug interdiction, airborne early warning and electronic warfare.
"Portugal has a large area of maritime patrol responsibility that requires a multi mission capable system to assist with economic zone protection, search and rescue, security issues and illegal immigration," said Vice Admiral Carlos Alberto Viegas Filipe, Portugal's national armaments director. "The modernization fielded under this contract will significantly enhance the Portuguese Air Force's ability to meet their multi mission requirements, and is a key component in enabling them to continue performing this mission for the foreseeable future."
"Lockheed Martin is honored to have this opportunity and looks forward to delivering mission capable aircraft for a key NATO partner and long time P 3 operator," said Richard Udicious, vice president and general manager of Lockheed Martin's Tactical Systems line of business. "With over 90 percent of all active duty P 3's carrying our mission systems, we know the upgraded Portuguese P 3C aircraft will be capable of performing at a world class level. Our upgrades provide enhanced capabilities that will allow the Portuguese Air Force to expand its roles in both humanitarian and military operations."
Headquartered in Bethesda, MD, Lockheed Martin employs more than 140,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration and sustainment of advanced technology systems, products, and services.
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| 2007-12-20 | Contract/Agreements | The U.S. Navy has awarded Lockheed Martin a contract valued at $849 million for fiscal year 2008 production and deployed system support for the Trident II D5 Fleet Ballistic Missile (FBM) program.
Work under the contract includes D5 production support, including reentry system hardware, and operations and maintenance to support the readiness and reliability of missile systems deployed aboard FBM submarines and at on shore facilities.
The contract also continues D5 Life Extension development work. Deliveries under the original D5 contract, which called for production of 425 missiles, began in 1989 and concluded in 2007. D5 Life Extension missile deliveries are scheduled to begin in 2011, with a minimum of 108 additional missiles being delivered by 2017. The D5 Life Extension program will support the service life of the Navy's Trident II Ohio class submarines, which has been extended to 2042.
"Under the leadership of our Navy customer, we will continue our work in support of the D5 missile while continuing to prepare for the Navy's transition to the D5 Life Extension missile," said Tory Bruno, vice president and general manager of Strategic Missile Programs, Lockheed Martin Space Systems Company.
First deployed in 1990 and scheduled for operational deployment until 2042, the Trident II D5 is aboard Trident II configured Ohio class submarines. The three stage, solid propellant, inertial guided ballistic missile has a nominal range of 4,000 nautical miles and carries multiple independently targeted reentry vehicles.
Lockheed Martin Space Systems Company, Sunnyvale, Calif., is the prime strategic missile contractor and missile system program manager for the U.S. Navy's Strategic Systems Programs. Approximately 2,400 Lockheed Martin Space Systems employees, principally in California, Georgia, Florida, Washington and Utah, support the design, development, production, test and operation of the Trident strategic weapon system.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2006 sales of $39.6 billion.
Media Contact:
Lynn Fisher, 408 742 7606; e mail, lynn.m.fisher@lmco.com s.server=server() s.channel="news release" s.pageName="news_release_lockheed martin receives $849 million contract for trident ii d5 missile" s.prop2="109" s.prop3="12 20 2007" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2007-12-20 | Merger/Acquisition | Lockheed Martin Corporation has acquired PercepTek, Inc., a Colorado based provider of advanced autonomous software technologies. Terms of the transaction, which will not have a material impact on the Corporation, were not disclosed.
PercepTek is a privately owned company that has developed software solutions for autonomous navigation for unmanned ground vehicles, autonomous collaboration operations for unmanned aerial vehicles and automated persistent surveillance for security applications, among other missions. The company's customers include the U.S. Army's Aviation Applied Technology Directorate and Tank Automotive and Armaments Command, Defense Advanced Research Projects Agency and the U.S. Air Force.
Lockheed Martin Missiles and Fire Control, with major facilities in Dallas, TX and Orlando, FL, will manage the PercepTek business. Missiles and Fire Control is a leading supplier of air and missile defense, fire control, strike weapons, tactical missiles, and applied research solutions for customers including the U.S. Department of Defense, NASA and dozens of foreign nations. It is a unit of Lockheed Martin's Electronic Systems Business Area.
"Lockheed Martin already is a leader in autonomous vehicles, with systems operating in the land, sea, air and space domains," said Christopher E. Kubasik, Executive Vice President, Electronic Systems Business Area. "The acquisition of PercepTek will strengthen our capabilities in unmanned systems and surveillance, allowing us to provide a broader portfolio of solutions to our customers. This transaction represents a solid strategic fit and will enable us to support Lockheed Martin Corporation's long term strategy of enhancing shareholder value."
"We are very pleased to join Lockheed Martin and look forward to applying our technologies to a broader array of programs and customer requirements. The acquisition will provide exciting opportunities for our highly talented employees and enhanced capabilities for our customers," said James Lowrie, President of PercepTek.
Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. |
| 2007-12-20 | Contract/Agreements | IndustryWeek has selected two separate Lockheed Martin facilities in Orlando and Ocala, FL, as award winners in its 2007 Best Plants competition. This is the first time in the program's 18 year history that one company has placed two sites on the list of top 10 best plants in the country.
"We believe [Lockheed Martin's] facilities are pacesetters among North American manufacturers in terms of operational strategy, production practices and performance, and will continue to lead the way in the future," said Jill Jusko, IndustryWeek Best Plants director.
"Our employees in Orlando and Ocala are honored to receive these prestigious awards," said Mike Bennett, executive vice president of Operations for Lockheed Martin Missiles and Fire Control. "To receive one placement on the list would have been an honor; placing two facilities is truly remarkable. These awards acknowledge our teams' commitment to excellence and continued improvement in manufacturing."
IndustryWeek's Best Plants award program, which names 10 winners each year, recognizes world class North American plants on the leading edge of manufacturing excellence, with ongoing efforts to increase competitiveness, enhance customer satisfaction and create stimulating and rewarding work environments.
Approximately 165 plants were initially nominated, with the top 10 winners announced on December 19, 2007. Application materials detailed accomplishments related to quality, employee involvement, customer and supplier relations, productivity, cost reductions, inventory management, responsiveness, environmental and safety performance, new product development and overall market results.
The Orlando manufacturing facility was selected for its efficient and strategic manufacturing processes that empower the company to capitalize on emerging technologies. The facility manufactures, assembles, integrates, tests and delivers extremely reliable and cost effective electro optical targeting and navigation systems and missile electronics. By leveraging common processes, flexible lean manufacturing and highly trained personnel second to none in the defense industry, its products exceed expectations and give customers an unprecedented ability to fight, win and survive.
Lockheed Martin Missiles and Fire Control located in Ocala produces complex precision, electro optical, mechanical and electronic subsystems. The Ocala facility's relentless focus on continuous improvement through lean thinking and practices allows them to supply cost efficient and quality hardware to a wide range of internal and external customers.
In addition to its Orlando and Ocala plants, Lockheed Martin Missiles and Fire Control facilities in Camden, AR, and Troy, AL, have also been honored by IndustryWeek as being among the top 10 plants in America in 2006 and 1997 respectively.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
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| 2007-12-20 | Contract/Agreements | Lockheed Martin announced today that its navigation payload provider, ITT Corporation, has delivered a new demonstration payload for a modernized Global Positioning System Block IIR (GPS IIR M) satellite to Lockheed Martin's facilities in Valley Forge, Pa. for integration on the spacecraft and final system level testing in preparation for launch next year.
This major milestone was achieved two months ahead of schedule and only nine months after the Air Force awarded Lockheed Martin a $6 million contract to develop the demonstration payload which will temporarily transmit a third civil signal from a GPS IIR M satellite. This event continues Lockheed Martin's unrivaled record of success in developing and evolving navigation satellites.
The signal, located on the L5 frequency (1176.45MHz) will comply with international radio frequency spectrum requirements. Future generations of GPS spacecraft will include an operational third civil signal to improve the accuracy and performance capabilities of the system. The spacecraft with the demonstration payload, known as SV 09, is one of the final three Block IIR M satellites planned for launch in 2008.
"Early delivery of this payload reflects our team's commitment to successful and timely program execution," said Don DeGryse, Lockheed Martin's vice president of Navigation Systems. "We look forward to achieving mission success on this critical initiative, which will provide our customer with a much needed on orbit demonstration capability for this important new civil signal next year."
Lockheed Martin Space Systems, Valley Forge, Pa., is the prime contractor for the GPS IIR program. The company designed and built 21 IIR spacecraft for the Global Positioning Systems Wing, Space and Missile Systems Center, Los Angeles Air Force Base, Calif. The final eight spacecraft, designated GPS IIR M, were modernized to enhance operations and navigation signal performance for military and civilian GPS users around the globe. ITT supplied all 21 navigation payloads for both the IIR and IIR M spacecraft.
The GPS constellation provides critical situational awareness and precision weapon guidance for the military. The worldwide system also supports a wide range of civil, scientific and commercial functions from air traffic control to the Internet with precision location and timing information.
Lockheed Martin has a legacy of successfully upgrading space programs. In addition to the modernization of the Block IIR program, the company provided progressively advanced upgrades to the Air Forces' Defense Meteorological Satellite Program (DMSP), and military satellite communications programs such as the Milstar and Defense Satellite Communications System (DSCS).
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2006 sales of $39.6 billion.
Media Contact: Steve Tatum, 408 742 7531;
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| 2007-12-19 | Contract/Agreements | The Lockheed Martin Space Systems Company has been awarded a $96.7 million contract by NASA Goddard Space Flight Center to provide the Geostationary Lightning Mapper (GLM) instrument that will fly on the National Oceanic and Atmospheric Administration (NOAA) GOES R Series environmental satellites. GLM's ability to monitor lightning on a global scale will provide new insight into the formation, distribution, morphology and evolution of storms. Data from GLM will help protect communities by increasing severe storm and tornado warning times. GLM also enables investigations into the mechanisms at the core of the global water and energy cycle
"Along with our teammates from the University of Alabama Huntsville (UAH), we are enormously gratified to be selected to design and build the Geostationary Lightning Mapper," said Joe Mobilia, Lockheed Martin GLM program manager at the Space Systems Advanced Technology Center (ATC) in Palo Alto.
"Our team has worked together since 1992 on successful lightning imaging missions, and this extensive spaceflight heritage is directly applicable to GLM," added Earl Aamodt, Lockheed Martin GLM deputy program manager. "The combination of this team's experience and knowledge of GLM requirements, and our proven systems engineering approach will move this instrument successfully from drawing board to orbit."
GLM's lightning observations will penetrate cloud tops and detect convective activity continuously over whole continents and adjacent oceans. This lightning characteristic of clouds is inadequately measured, both temporally and spatially, by current observing systems.
With improved insight into the dynamics and life cycles of storms and weather systems, GLM will greatly improve understanding of the fast time scale elements of atmospheric convection. This will lead to a better understanding of the Earth's climate system, which, combined with long term GLM observations, will lead to significant improvements in monitoring changes in storm climatology. In addition, since intense and increasing in cloud flashes are known to precede severe weather by tens of minutes, the real time transmission and distribution of GLM data will improve warning times for severe storms, particularly tornadoes.
The Geostationary Operational Environmental Satellite (GOES) mission is a critical element of the U.S. satellite constellation for environmental observations, along with the Polar Operational Environmental Satellite (POES) and Defense Meteorological Satellite Program (DMSP) polar orbiting satellites both built by Lockheed Martin. GOES is the environmental satellite most familiar to the American public, as its images and time lapse sequences are the primary visual material of television weather forecasts.
The GOES system operational since 1975 plays a vital role in weather and environmental forecasting. In orbit high above the equator, GOES satellites are uniquely positioned to observe the development of hazardous weather, such as hurricanes and severe thunderstorms, and to track their intensity and movement so that loss of life and property can be reduced or avoided.
The GOES Program is managed by the National Oceanic and Atmospheric Administration (NOAA), which establishes requirements, provides funding and distributes environmental data for the United States. NASA's Goddard Space Flight Center, in Greenbelt, Md., manages the GLM instrument acquisition as a part of its support to NOAA's development of the GOES R series of satellites.
GLM is one of the scientific instruments managed by Lockheed Martin's Sensing and Exploration line of business. The instrument is designed and built at Lockheed Martin's Advanced Technology Center (ATC) in Palo Alto, California. The ATC is the research and development organization of Lockheed Martin Space Systems Company (LMSSC). LMSSC, a major operating unit of Lockheed Martin Corporation, designs, develops, tests, manufactures and operates a full sp |
| 2007-12-18 | Contract/Agreements | Partnership with Facial Recognition Expert Supports Open, Innovative Solutions
GAITHERSBURG, Md., Dec. 18 /PRNewswire FirstCall/ Lockheed Martin [NYSE: LMT] further advanced its capabilities and offerings in biometrics solutions through a cooperation agreement with Cognitec Systems, a leader in facial recognition technology. The Cognitec agreement will enable closer cooperation between the two companies in the rapidly growing marketplace for biometrics solutions.
"Biometrics is an increasingly important technology area for our customers in intelligence, defense, law enforcement and homeland security," said Bob Eastman, Lockheed Martin Vice President, Information Systems. "This cooperation agreement will improve our ability to offer our customers a complete and fully integrated portfolio of biometrics technologies. We're also committed to helping small, innovative businesses such as Cognitec continue to advance the state of the art in biometrics technology in an open and collaborative marketplace."
A leader in biometrics solutions, Lockheed Martin focuses on integrating a full spectrum of biometrics technologies into a cohesive, service oriented architecture. That integration allows customers to incorporate multiple biometrics techniques including fingerprint, facial and iris scanning into their operations. The result is a more complete and reliable biometrics solution that quickly and accurately recognizes persons of interest. In May, the corporation opened its Biometric Experimentation and Advanced Concepts (BEACON) facility in White Hall, WV, to serve as a collaborative center to develop integrated biometrics solutions.
Alfredo Herrera, Cognitec Systems CEO, noted, "We are excited about this cooperation with Lockheed Martin, which reinforces our commitment to provide leading edge facial recognition technology to our customers. We look forward to working with Lockheed Martin to integrate and deploy our technology in a variety of important biometrics projects."
Cognitec Systems are the developers FaceVACS(R), an advanced facial recognition system that scans and measures several facial features to safely and reliably verify a person's identity. FaceVACS, which has been in development since 1995, has been tested and proven in a number of independent evaluations, including the Face Recognition Vendor Tests in 2002 and 2006. Cognitec is headquartered in Dresden, Germany, and has offices in Herndon, Va., Miami, Fl., and other international locations.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The corporation reported 2006 sales of $39.6 billion.
For additional information, visit our website: http://www.lockheedmartin.com s.server=server() s.channel="news release" s.pageName="news_release_lockheed martin advances biometrics portfolio through cooperation agreement with cognitec" s.prop2="109" s.prop3="12 18 2007" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2007-12-18 | Contract/Agreements | The Japanese Maritime Self Defense Force made history yesterday when, for the first time, a Japan Aegis guided missile destroyer equipped with Lockheed Martin's Aegis Ballistic Missile Defense (BMD) system intercepted and destroyed a ballistic missile target in space.
In December 2003, Japan decided to upgrade their Kongo Class Destroyers with the U.S. Navy's Aegis BMD capability. These BMD installations are scheduled for 2007 through 2010. Each installation will be followed by a flight test to demonstrate the proper operation of the BMD equipment and computer programs. Japan Ship (JS) Kongo was the first ship to have the BMD upgrade installed.
In yesterday's test, the Kongo, equipped with an adapted version of the latest U.S. Navy certified Aegis BMD Weapon System, successfully guided a Standard Missile (SM) 3 Block IA missile to intercept the medium range, separating warhead ballistic missile target outside the Earth's atmosphere. In addition to JS Kongo, the Aegis BMD equipped cruiser USS Lake Erie and the ground based Terminal High Altitude Area Defense (THAAD) test unit on Kauai participated in this test. USS Lake Erie tracked and performed a simulated engagement against the ballistic missile, and exchanged information with the THAAD test unit. The test also represented the Aegis BMD system's 12th successful ballistic missile intercept in 14 attempts.
"Japan's entry into the Aegis BMD fleet is a huge step for global missile defense," said Orlando Carvalho, vice president and general manager of Lockheed Martin's Surface Sea Based Missile Defense line of business. "This test event demonstrates the inherent capacity Aegis has to support the ballistic missile defense mission. Demonstration of this capability on Kongo opens the door for Aegis BMD on all Aegis ships around the world and gives allied nations a ready answer to address the ever growing ballistic missile threat."
The Missile Defense Agency (MDA) and the U.S. Navy are jointly developing Aegis BMD as part of the United States' Ballistic Missile Defense System (BMDS). Currently, a total of 11 Aegis equipped warships 10 in the U.S. Navy and one in the Japanese Maritime Self Defense Force have the ability to both conduct long range search and track missions, as well as to engage ballistic missiles. Another seven U.S. Navy Aegis warships are equipped with Aegis BMD long range surveillance and track capability. Ultimately, the U.S. Navy will outfit 15 Aegis destroyers and three Aegis cruisers to engage short to intermediate range ballistic missile threats and support other BMDS engagements using the Aegis BMD Weapon System and the SM 3 missile. As of October, Lockheed Martin has been contracted to provide Aegis BMD to Japan's three Kongo class destroyers as well.
The Aegis Weapon System, with the SPY 1 radar and MK 41 Vertical Launching System (VLS), is the world's premier naval surface defense system and is the foundation for Aegis BMD, a primary component of the sea based element of the United States' BMDS. Lockheed Martin, Combat System Engineering Agent for the Aegis Weapon System, has seamlessly engineered the SPY 1 radar, MK 41 VLS, SM 3 missile and the weapon system's command and control capabilities. The Aegis BMD Weapon System also integrates with the BMDS, receiving track data from and providing track information to other BMDS elements.
The Aegis Weapon System is currently deployed on 85 ships around the globe with more than 20 additional ships planned or under contract. In addition to the U.S. and Japan, Aegis is the maritime weapon system of choice for Australia, Norway, South Korea and Spain.
Lockheed Martin is a world leader in systems integration and the development of air and missile defense systems and technologies, including the first operational hit to kill missile defense system, Patriot Advanced Capability 3 (PAC 3). It also has considerable experience in interceptor systems, kill vehicles, battle management command, |
| 2007-12-18 | Contract/Agreements | Lockheed Martin received a contract valued at $44 million from the Latvian National Armed Forces for two long range AN/TPS 77 transportable air surveillance radar systems, as well as options for long term technical support. Included in the contract were priced options for up to four additional TPS 77 radars for Estonia and Lithuania.
In 2003, Lockheed Martin delivered one AN/TPS 77 radar each to Estonia and Latvia to expand the capabilities of BALTNET, the joint air surveillance network that monitors the airspace over and around the Baltic states of Estonia, Lithuania and Latvia. Those radars provided air surveillance capabilities that supported the three nations' entry into NATO in 2004.
Brig. Gen. Juris Maklakovs, commander of the National Armed Forces of Latvia, presided over a contract signing ceremony for the two new radars on December 4 during which he expressed pleasure on how well the current AN/TPS 77 is performing. "The new radars will further enhance air surveillance within Latvia, while helping us complete our national defense requirements," he said.
"We are delighted by the confidence that the government of Latvia has again placed in Lockheed Martin," said Carl Bannar, vice president and general manager of Lockheed Martin's Radar Systems business in Syracuse, NY. "We're pleased to provide these systems to one of our nation's strategic allies."
The AN/TPS 77 is the latest configuration of the world's most successful 3 D solid state radar design. This transportable radar provides continuous high quality 3 D surveillance on aircraft targets at ranges out to 250 nautical miles. The AN/TPS 77 shares commonality with Lockheed Martin's AN/FPS 117 radar with regard to maintenance activity and Line Replaceable Units (LRUs). There are 26 AN/TPS 77s and 127 AN/FPS 117 systems operational in more than 20 countries. Many have performed for years completely unmanned in remote areas, and in a wide range of operational environments.
Headquartered in Bethesda, MD, Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. s.server=server() s.channel="news release" s.pageName="news_release_latvia awards lockheed martin $44 million contract for two long range air surveillance radars" s.prop2="109" s.prop3="12 18 2007" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2007-12-10 | Contract/Agreements | The U.S. Navy has given its final approval for Lockheed Martin to proceed with the integration and shipboard installation of the world's first, fully open architecture Aegis weapon system for a major surface warship. Aegis Open Architecture will be installed in the cruiser USS Bunker Hill (CG 52) during its Depot Modernization Period (DMP), scheduled to commence in February 2008.
Aegis Open Architecture will allow the Navy to stay on technology's leading edge through its innovative use of commonly available commercial off the shelf computing hardware and open system software, enabling the service to more easily implement technology refreshes and capability upgrades to the weapon system as they are developed in the future.
Bunker Hill is the first of 22 cruisers scheduled for modernization with Aegis Open Architecture over the next 10 years. In 2012, the Navy will begin a similar modernization program for the 62 ship class of Aegis equipped Arleigh Burke destroyers.
The road to Aegis Open Architecture included extensive systems engineering to reconfigure Aegis with commercial off the shelf computing hardware and open system software. The end result is a weapon system that can absorb frequent technology refreshes and can readily accept upgrades in capabilities, whether they be accomplished through new development or through the integration of separately developed third party products.
"Aegis Open Architecture will continue to keep a force of 84 U.S. Navy cruisers and destroyers and dozens of allied Aegis equipped ships relevant and at the forefront of technology for the extent of their ship life," said Orlando Carvalho, vice president and general manager of Lockheed Martin's Surface Sea Based Missile Defense line of business. "Providing this transformation is the result of thorough systems engineering and close collaboration with the Navy and multiple innovative business partners to replace custom designed software with open architecture software."
The Aegis Weapon System is the world's premier naval surface defense system. It seamlessly integrates the SPY 1 radar, the MK 41 Vertical Launching System, SM 2 and SM 3 missiles and the weapon system's command and control system.
The Aegis Weapon System is currently deployed on 85 ships around the globe with more than 20 additional ships planned or under contract. In addition to the U.S., Aegis is the maritime weapon system of choice for Australia, Japan, Norway, South Korea and Spain.
Headquartered in Bethesda, MD, Lockheed Martin employs more than 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
For additional information on Lockheed Martin Corporation, visit: http://www.lockheedmartin.com s.server=server() s.channel="news release" s.pageName="news_release_u.s. navy 'green light' sends lockheed martin open architecture aegis weapon system to first ship on schedule" s.prop2="109" s.prop3="12 10 2007" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |
| 2007-12-04 | Contract/Agreements | Lockheed Martin received a $51.3 million U.S. Army contract to supply an additional 430 M299 helicopter mounted missile launchers and 376 launcher electronic assemblies for U.S. and international forces. The contract also includes multiple spares, engineering services and depot support.
The order, from the Aviation and Missile Command, Redstone Arsenal, AL, includes 402 launcher units for the U.S. Armed Services and 28 units for foreign military sales customers. Deliveries are scheduled to run through the 3rd quarter of 2011.
Lockheed Martin produces the electronics for the M299 launcher at its facility in Ocala, FL. Marvin Engineering in Inglewood, CA, performs final assembly and test. This order will extend M299 production activity in Ocala and in Inglewood until late 2011.
"This order reflects the confidence our Army and international customers place in our M299 launcher," said Ken Musculus, director of the Air to Ground Missile Systems program area at Lockheed Martin Missiles and Fire Control. "This all digital 'smart' launcher can carry and fire any combination of HELLFIRE(R) II and Longbow HELLFIRE(TM) missiles, giving the Apache and other attack helicopters the ability to engage a wide range of targets in a single sortie."
The precision strike HELLFIRE II family includes four warhead variations, each with a semi active laser seeker to home in on the target: (1) the high explosive anti tank (HEAT) missile, which defeats all known and projected armored threats; (2) the augmented HEAT, which adds blast fragmentation to the HEAT warhead's anti tank capability for precision strike against soft targets in the open; (3) the blast fragmentation (blast frag) missile, which defeats "soft" targets such as boats, buildings, bunkers and light armored vehicles; and (4) the metal augmented charge missile, which defeats enclosures, caves and enemy personnel housed therein, with minimal collateral damage.
In addition to the semi active laser HELLFIRE II, the HELLFIRE family includes Longbow HELLFIRE(TM) with a millimeter wave radar seeker for true fire and forget and adverse weather capability. The Longbow HELLFIRE has the HEAT warhead. The Longbow HELLFIRE is produced by Longbow Limited Liability Co., a joint venture partnership of Lockheed Martin and Northrop Grumman.
The M299 launcher weighs 145 pounds and supports four HELLFIRE II or Longbow HELLFIRE missiles. Its ability to fire multiple missile variants in any sequence provides maximum operational flexibility on the battlefield. The M299 is integrated on the AH 64D Apache Longbow, AH 1Z Cobra, Eurocopter Tiger, SH 60 B Seahawk and UK AH MK1 Apache helicopters.
Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. s.server=server() s.channel="news release" s.pageName="news_release_u.s. army awards lockheed martin $51.3 million contract for bridge 3 m299 launcher" s.prop2="109" s.prop3="12 04 2007" /************* DO NOT ALTER ANYTHING BELOW THIS LINE ! **************/ var s_code=s.t();if(s_code)document.write(s_code); // |