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Tag Archives: lockheed martin corp.

Lockheed Martin receives 2 contracts from Army

ORLANDO — Aerospace and defense contractor Lockheed Martin said Wednesday that it received two contracts from the Army worth a total of $161.7 million to continue upgrades to an Apache helicopter program. The pact includes 482 Modernized Day Sensor Assembly ...

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Canada may turn away from F35’s

TORONTO — Canada is considering buying fighter jets other than U.S.-made F-35’s because of escalating costs associated with Bethesda-based Lockheed Martin Corp.’s troubled Joint Strike Fighter program, the country’s defense minister said Wednesday. Defense Minister Peter MacKay said the government ...

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Lockheed Martin acquires Alabama company

Lockheed Martin Corp., of Bethesda, the world’s largest defense contractor, said it has acquired Chandler/May Inc., of Huntsville, Ala. Chandler/May specializes in the design, development, integration, manufacturing, and support of fully integrated systems for unmanned aerial systems and Command, Control, ...

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Sequestration would hit Md. economy hard

WASHINGTON — Maryland’s economy would be particularly hard-hit if Congress is unable to reach a budget agreement to avoid the broad, automatic cuts to the federal budget set to take effect in January, according to economic experts. Going over the ...

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Lockheed reveals plan to restructure

Bethesda-based weapons and security contractor Lockheed Martin Corp., which is facing potential layoffs due to cuts in defense spending, announced plans to restructure its Electronic Systems business sector at year-end to create two new business units.

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