Bethesda-based Lockheed Martin Corp. on Wednesday announced that it would employ roughly 500 fewer people in its information systems and global solutions segment by November. The company said in a statement that the change is in response to shifting government ...

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United Technologies Corp. said a federal criminal probe is under way into allegations that the Sikorsky helicopter unit and two subsidiaries overbilled the U.S. government for years in connection with a 2006 Navy contract.

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Lockheed Martin will acquire helicopter manufacturer Sikorsky Aircraft for $9 billion, the Bethesda-based military contractor announced Monday. United Technology Corp. said last month that it planned to sell Sikorsky to help simplify its eclectic mix of businesses. Industry competitors Boeing, ...

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A nurse attorney for Lockheed Martin has filed a $300,000 race and sex discrimination lawsuit against the company, claiming she was harassed by her supervisor about her status as a single mother, forced to reduce her hours and then retaliated ...

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Lockheed Martin's contract to provide cargo for the the International Space Station -- ranging from science hardware to food and the crew's personal items — has been extended by NASA for another year. The one-year extension is valued at $23 million. Currently, Bethesda-based Lockheed Martin maintains more than 3 million items destined for the station.

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Bethesda-based Lockheed, the world’s largest defense company, will provide technical support if Korea Aerospace eventually gets the $16.3 billion project.

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A former employee of Lockheed Martin Corp. has been awarded $830,000 in a retaliation lawsuit against the company.

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Mahesh Kalva, of Lockheed Martin Information Systems & Global Solutions in Rockville, received the Asian American Executive of the Year Award during the Asian American Engineer of the Year awards last weekend. Kalva leads technology and engineering for a business ...

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Lockheed Martin Corp., the Bethesda-based aerospace company, agreed to pay $62 million to end a lawsuit over claims it shortchanged 120,000 workers and retirees who participated in its pension plans. The beneficiaries accused the defense contractor of subjecting them to ...

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Northrop Grumman has received an order for 142 of a new radar system from Lockheed Martin for Lockheed’s F-16 fighter jets, Northrop announced. Northrop Grumman’s APG-83 Scalable Agile Beam Radar, from the company’s Baltimore location, completed design reviews four months ...

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