Lockheed Martin Corp., of Bethesda, the world’s largest defense contractor, said it has begun to move its Global Supply Chain Services unit from Johnstown, Pa., to its facility in Middle River.

Tagged with: Business business news jobs lockheed martin corp. MIddle River

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 ...

Tagged with: aerospace Business business news Government lockheed martin corp. military u.s. department of defense

Lockheed Martin may be responsible for your future plate of sushi.

Tagged with: fish food lockheed martin corp.

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 ...

Tagged with: bethesda canada f-35 lockheed martin corp.

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, ...

Tagged with: business news lockheed martin corp. mergers and acquisitions Technology

BETHESDA — Lockheed Martin has ousted its president and anticipated CEO over a relationship with a subordinate. The company said Friday that its board of directors asked for and received the resignation of Christopher Kubasik from his role as vice ...

Tagged with: CEO lockheed martin corp.

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 ...

Tagged with: budget Economy Education employment federal government Government jobs lockheed martin corp. maryland news rep. donna edwards sen. ben cardin Taxes

BETHESDA — Lockheed Martin Corp. said Wednesday its third-quarter net income rose 4 percent, as lower pension-related costs helped offset a drop in revenue. The results beat Wall Street predictions and the Bethesda-based aerospace and defense contractor also raised its ...

Tagged with: business news earnings lockheed martin corp. Montgomery County

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.

Tagged with: lockheed martin corp.

BETHESDA — Lockheed Martin is increasing its quarterly dividend by 15 percent to $1.15 per share. The aerospace and defense contractor said Thursday that the dividend will be paid on Dec. 28 to shareholders of record on Dec. 3. Shares ...

Tagged with: bethesda defense contractors lockheed martin corp. Stocks