lockheed martin corp (LMT) Key Developments
Swedavia Selects Lockheed Martin to Deliver Next Generation Systems
Nov 19 15
Swedavia has selected Lockheed Martin to deliver a new generation of multi-airport operational systems that will transform the way critical information is shared with stakeholders across their network. In a multi-million dollar deal initially spanning five years, Lockheed Martin will install their Chroma Suite which includes a centralised Multi-airport Operational Database, Resource Management System and Flight Information Displays.
Lockheed Martin Introduces Next-Generation Radar Technology
Nov 17 15
Lockheed Martin announced its next generation radar technology: the Digital Array Row Transceiver (DART). Based on the use of Gallium Nitride (GaN) technology, DART results in greater performance within current Lockheed Martin radar products and lowers life-cycle costs due to an increase in energy efficiency. GaN is a low-risk solution whether part of a systems upgrade or in a newly built system. DART improves upon Lockheed Martin's ground-based radar products that have a proven record of reliability for dozens of customers around the world. This new technology is available in the recently launched TPS-77 Multi Role Radar system  and is fully compatible with legacy products (TPS-77, TPS-59, FPS-117) and can help extend a radar's useful life.
Lockheed Martin Corporation Seeking Acquisitions
Nov 16 15
Lockheed Martin Corporation (NYSE:LMT) is seeking acquisitions. The company has announced a Fixed-Income Offering and intends to use the proceeds out of that in acquisitions, short term investments, capital expenditures, dividends, stock repurchases, working capital, and any other corporate purpose.
Lockheed Martin to Reopen Missile Production Line as it Bids for New GCC Orders
Nov 12 15
Lockheed Martin plans to relaunch production of a specialist type of precision target missile on the back of a major deal with a Middle Eastern state, and is tapping up the GCC for new orders. The company also hopes to enter into a contractual arrangement with an interested party to manufacture missiles on Gulf soil. It believes the UAE, with its extensive logistics and manufacturing capability, offers significant opportunities for a potential deal. If Lockheed Martin does not agree further sales of its so-called HIMARS rocket missile within the next 18 months, it will be forced to wind up production again. The company closed the production line in 2013 due to a lack of demand. However, Tim Stanton, Lockheed Martin's director of tactical missiles and international business development, revealed the company had received an order from ‘one of its international customers’ for a batch of rockets big enough to reopen the line. It is thought the country in question is Jordan.
Lockheed Martin Bags $969 Million Air Force Contract to Build 17 C-130J Military Planes
Nov 11 15
Lockheed Martin said the company was awarded a five-year, $968.7 million contract to build 17 C-130J military transport planes.