Company Watch - Lockheed Martin.
Denmark is ready to restart negotiations on fighter-jet program. Danish defense officials are meeting representatives from Lockheed Martin and Boeing as part of Denmark's plan to replace its fighter jets. Denmark had to temporarily halt the replacement program several years ago due to financial constraints, but is now ready to restart the effort. Nov 13, 2012
Lockheed Martin buys Chandler/May. Lockheed Martin boosted its unmanned air vehicle business with the purchase of Chandler/May, a Huntsville, Ala.-based firm with expertise in UAVs. Lockheed did not disclose the purchase price for Chandler/May, which is a key supplier of ground control systems to the Army. FlightGlobal.com (U.K.) Nov 14, 2012
U.S. Navy Selects Lockheed Martin to Modernize C-130T Aircraft. The U.S. Naval Air Systems command awarded Lockheed Martin (LMT) a $30 million contract to integrate new avionics and software on multiple C-130T aircraft as part of its avionics upgrade program. Under the contract, Lockheed Martin will incorporate the Department of Defense's Future Airborne Capability Environment conformant cockpit, which gives the Navy unprecedented flexibility capability for reuse across multiple aviation platforms. Lockheed Martin also will develop and deliver nine initial cockpit kits, providing the Navy with the ability to outfit its C-130T aircraft with the latest avionics and software technology, extending the fleet's mission capability for an additional 20 years. "This award validates the Navy's confidence in our cockpit solution and expands our product offerings beyond the Common Cockpit for MH-60 helicopters," said Mark Swymeler, vice president, Electronic Product Line at Lockheed Martin's Mission Systems & Sensors business. "This program is an integral part of the Department of Defense's avionics obsolescence upgrade program and will affordably enhance flight crew situational awareness, productivity and safety." The contract includes a communication, navigation surveillance/air traffic management capability solution, complete display system upgrade, and will provide significantly improved human machine interface. Work will be performed in Owego, N.Y., and is expected to be complete in the first quarter of 2016. Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2011 were $46.5 billion. Nov 14, 2012
Lockheed Martin warns of rise in cyberattacks on U.S. defense sector. Defense contractor Lockheed Martin says cyberattacks directed at the company have been increasing in number and intensity, as sophisticated hackers probe for vulnerabilities in its supplier network. The Pentagon's leading supplier noted that one-fifth of the attacks qualify as "advanced persistent threats," and it is working to strengthen supplier protections against breaches. Nov 13, 2012 AirGuideBusiness ISSN 1939-666X
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