lockheed martin corp (LMT) Key Developments
United Technologies Reportedly In Talks For Sale Of Sikorsky
May 19 15
United Technologies Corporation (NYSE:UTX) is in talks for the sale of Sikorsky Aircraft Corporation, according to people familiar with the matter. Lockheed Martin Corporation (NYSE:LMT), Airbus Group N.V. (ENXTPA:AIR) and The Boeing Company (NYSE:BA) are among the companies exploring bids for Sikorsky or, alternatively, for a minority stake, some of the people added. Bids are due later in May 2015.
Lockheed Martin to Provide Online Flight Planning Services Under New FAA Contract
May 18 15
The Federal Aviation Administration (FAA) has selected Lockheed Martin to provide online flight service tools to the general aviation community, helping them to plan and navigate the national airspace safely. Under the Direct User Access Terminal Service (DUATS) II contract, Lockheed Martin expands their current work to provide weather information, flight plan processing and in-flight support to pilots. Lockheed Martin has made significant investments in research and development activities supporting the deployment of innovative flight services. These services are provided both on the ground during preflight planning and inflight with operational updates and emergency services.
Lockheed Martin Receives $174 Million Contract for ATACMS Missile Production
May 13 15
Lockheed Martin received a $174 million Foreign Military Sales (FMS) contract for Army Tactical Missile System (ATACMS) production for the U.S. Army and the United Arab Emirates. ATACMS is the U.S. Army's only tactical long-range precision-strike surface-to-surface weapon system. All production on this contract will be conducted at Lockheed Martin's facility in Camden, Arkansas.
The Romanian Air Force and Royal Thai Air Force Select Lockheed Martin's Sniper® Advanced Targeting Pod for F-16 Fleets
May 11 15
The Romanian Air Force (RoAF) and Royal Thai Air Force (RTAF) recently selected Lockheed Martin's Sniper Advanced Targeting Pod (ATP) for their F-16 fleets, becoming the 18th and 19th international customers to receive this advanced sensor capability. Lockheed Martin will integrate and field Sniper ATPs on existing RoAF and RTAF aircraft and provide initial sustainment support. Pod deliveries began in early 2015 to meet operational need requirements. Sniper ATP offers pilots high-resolution imagery for precision targeting and non-traditional intelligence, surveillance and reconnaissance missions. It detects, identifies, automatically tracks and laser-designates small tactical targets at long ranges and supports employment of laser- and GPS-guided weapons against multiple fixed and moving targets. Sniper ATP's interoperability also enables coalition air forces to use the pod across multiple platforms, including U.S. Air Force and multinational F-15, F-16, F-18, A-10, B-1 and B-52 aircraft.
LMT Eyes Acquisitions
May 6 15
Lockheed Martin Corporation (NYSE:LMT) is looking for acquisition opportunities. Lockheed in talks with a couple of other advisory companies about possible acquisitions as another means of expanding its presence.