Lockheed Martin Corp. is selling its Enterprise Integration Group business to Veritas Capital for $815 million in cash, a decision based on the government’s increased concerns about perceived organizational conflicts of interest.
Lockheed Martin Corp. has won a three-year, $356 million contract option from the Federal Aviation Administration to continue serving the general aviation community under the Automated Flight Service Stations contract. The option begins Friday, Oct. 1.
General Dynamics and Lockheed Martin were among other bidders that Northrop Grumman prevailed against. But speculation is high that protests will be filed.
Reaction to the large number of executives leaving Lockheed Martin as part of a buyout program has ranged from "good riddance" to "send me your résumé."
Lockheed Martin's executive buyout program will have a broader impact on the market than just thinning the ranks at one company, says Washington Technology Editor Nick Wakeman.
Lockheed Martin Corp. will help the Health and Human Services Department accelerate the establishment of digital health records and secure health information exchanges as a result of two new HHS contracts that have a combined value of $9 million.
Savi Technology, a Lockheed Martin company, has named William Maggs to the newly created position of chief technology officer. He also will serve as senior vice president of technology operations. In his dual roles, he will be the chief catalyst for innovation as well as the focal point for all technology operations.
General Dynamics Corp. has awarded partner Lockheed Martin Corp. a $71 million contract to provide communications hardware and equipment for the transmission subsystem as part of their work on the Warfighter Information Network-Tactical (WIN-T) Increment 2 project.
Lockheed Martin’s Space Systems Company’s Advanced Technology Center to assist the DHS Science & Technology Directorate’s Complex Event Modeling Simulation and Analysis (CEMSA) project under a five-year, $7 million contract.
Lockheed Martin Corp. continues to make what it deems are necessary adjustments to its internal structure with key changes to its Information Systems and Global Solutions unit, according to a second quarter 2010 financial report issued today.
Lockheed will refine and validate the requirements and architecture of the Transportation Department’s planned new communications infrastructure that ultimately will permit safety and traffic systems to communicate.
The age of portfolio shaping has begun as Northrop Grumman, Lockheed Martin and Boeing all make moves to protect their business and focus on growth markets.
Lockheed Martin Corp. has unveiled a program intended to save money and trim the number of its directors and vice presidents, according to a company statement dated July 6.
Lockheed Martin Corp.'s advanced lab in New Jersey is counting tweets as part of its research on how to track and analyze social media use for disaster response.
