Lockheed Martin Provides Italian Ministry of Defence With Intelligence, Surveillance And Reconnaissance Aircraft

June 25th, 2012 by InvestorPoint

Italian MoD to Use Lockheed Martin Airborne Multi-INT Lab in Operations DENVER, June 25, 2012 /PRNewswire/ – An innovative Airborne Multi-Intelligence Laboratory (AML) developed by Lockheed Martin (NYSE: LMT) for intelligence, surveillance and reconnaissance (ISR) is now being used by the Italian Air Force in a live operational environment. Lockheed Martin signed a use agreement with the Italian Ministry of Defence (MoD) to provide the AML aircraft, three ground intelligence processing systems…continued
     

Lockheed Martin Wins $254 Million Support Contract for Defense Civilian Personnel Data System

April 30th, 2012 by InvestorPoint

Human Resources system supports more than 800,000 civilians ROCKVILLE, Md., April 30, 2012 /PRNewswire/ — Lockheed Martin (NYSE: LMT) was recently awarded a $254.7 million Department of Defense contract to continue supporting the Defense Civilian Personnel Data System (DCPDS). Under the contract, Lockheed Martin will provide sustainment, maintenance, operations, hosting and development support services for the Human Resources system that supports more than 800,000 Defense Department civilians. The …continued
     

U.S. Army Awards Lockheed Martin $391 Million for Counterfire Radar Production

April 30th, 2012 by InvestorPoint

SYRACUSE, N.Y., April 30, 2012 /PRNewswire/ — The U.S. Army awarded Lockheed Martin (NYSE: LMT) $391 million in production orders for a new radar system that provides soldiers with enhanced 360-degree protection from rocket, mortar and artillery fire.  The orders represent the execution of two contract options for a total of 33 AN/TPQ-53 (Q-53) counterfire target acquisition radars – formerly designated EQ-36 during their development and initial production – to be delivered by t…continued
     

Lockheed Martin Awarded Army Intelligence Training Contract

April 17th, 2012 by InvestorPoint

Army Intelligence Soldiers Will Receive Mission Critical Training GAITHERSBURG, Md., April 17, 2012 /PRNewswire/ – Lockheed Martin (NYSE: LMT) announced today that it has been awarded the G3 Training and Readiness Support Service contract with a ceiling value of $89 million and a three year period of performance for the U.S. Army Intelligence and Security Command. (Logo: http://photos.prnewswire.com/prnh/20110419/PH85737LOGO-b) “Our work with the Army is mission critical,” said Bob Kramer,…continued
     

Lockheed Martin Completes Assembly of Near Infrared Camera for NASA’S James Webb Space Telescope. Environmental Testing to Begin.

April 16th, 2012 by InvestorPoint

PALO ALTO, Calif., April 16, 2012 /PRNewswire/ – Lockheed Martin (NYSE: LMT), under a contract from the University of Arizona (U of Az), has completed assembly of the Near Infrared Camera (NIRCam) Instrument Modules. NIRCam is the prime near-infrared imaging instrument for NASA’s James Webb Space Telescope (JWST). The work was done at the Lockheed Martin Space Systems Advanced Technology Center (ATC) in Palo Alto, where environmental testing is about to begin. U of Az and Lockheed Martin are res…continued
     

Space Florida, Lockheed in partnership

November 17th, 2011 by InvestorPoint

PALM BEACH, Fla., Nov. 17 (UPI) — A Florida business promotion organization and Lockheed Martin are to advance testing and production of an autonomous underwater vehicle. The project is in support of aerospace economic development in Florida. Under the agreement between Space Florida and Lockheed, Lockheed will equip Marlin systems with sensors and imaging gear to conduct commercial underwater inspections. Space Florida, which is investing in Lockheed Martin’s technology for refinement and marketin…continued
     

Lockheed unit completes voluntary layoffs

October 26th, 2011 by InvestorPoint

GAITHERSBURG, Md., Oct. 26 (UPI) — Lockheed Martin Information Systems and Global Solutions says it has concluded a voluntary layoff program to reduce the payroll 250 by February. The program is one of several ongoing affordability measures designed to increase business operational efficiency, the company said. In September, IS&GS opened its program to a small percentage of eligible salaried employees, allowing workers to volunteer to leave the company with severance benefits. IS&GS employs…continued
     

Gold sits on $1,616

September 29th, 2011 by InvestorPoint

NEW YORK, Sept. 29 (UPI) — Gold prices were flat Thursday in New York with the dollar index down 0.23 percent. On the Comex division of the New York Mercantile Exchange, gold gave up $2.10 an ounce, a fraction of the $41.80 it gave up in the previous trading session. Gold on Thursday dropped to $1,616 per troy ounce with equities mixed on Wall Street. The Dow Jones industrial index rose 1.3 percent. The broader Standard and Poor’s 500 index gained 0.81 percent but technology stocks on the Nasdaq co…continued
                                                                   

Japanese auto supplier to pay $200M for price scam

September 29th, 2011 by InvestorPoint

DETROIT, Sept. 29 (UPI) — The U.S. Justice Department said a Japanese parts supplier for the automobile industry would pay $200 million to settle a case of price fixing and bid rigging. Three executives from Japan — Junichi Funo, Hirotsugu Nagata and Tetsuya Ukai — agreed to serve prison sentences that range from 12 to 18 months after pleading guilty to their part in the scam, the department said in a statement. Four separate one-count felony charges were filed in the U.S. District Court for the Ea…continued