Lockheed Martin
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With a tighter defense budget and the threat of sequestration, defense contractors say they may have to lay off thousands of workers and look for business overseas.
July 31, 2012 -
Small and medium-sized contractors and suppliers receive 75 percent of appropriated dollars for defense or military programs. But these small businesses, who lack the lobbying power of top- tier defense contractors, may suffer more from sequestration than big companies.
July 30, 2012 -
A slate of defense industry executives lined up to testify before the House Armed Services Committee Wednesday, telling lawmakers that the automatic budget cuts known as sequestration would be devastating to their businesses and could lead to mass layoffs. The lack of action by Congress, so far, to avert the cuts has led to a "fog of uncertainty" even now, five months away from when sequestration would take effect, the CEO of Lockheed Martin testified.
July 18, 2012 -
Lockheed Martin, one of the world's largest defense contractors, has announced a 5 percent workforce reduction at its Mission Systems and Sensors (MS2)business area. The company said it notified 308 of its U.S.-based employees Tuesday "that they will no longer have employment with the company," according to a release.
July 10, 2012 -
CWTSatoTravel objected to the $1.4 billion E- Travel award going to Concur Technologies. SAIC protested DISA's $4.6 billion award for the Global Information Grid management services to Lockheed Martin. Both protestors are the incumbent contractors.
June 25, 2012 -
Lockheed Martin officials announced late Saturday that after four days of negotiations, the aerospace company reached a tentative agreement with the union that represents 3,600 striking employees.
June 25, 2012 -
Linda Gooden, the executive vice president of the aerospace and technology giant's information systems and global solutions business area, said agencies are spending more time than ever helping contractors understand their needs. Gooden and Lockheed CEO Robert Stevens' statements are in stark contrast to comments made by a major competitor about the challenges companies face in talking to agencies.
June 25, 2012 -
The largest federal contractor is struggling to prepare for about $1 trillion in cuts that are due to take effect in January. Retiring-CEO Robert Stevens said agencies will ask vendors to modify contracts and that in turn will drive up the costs of those programs. Lockheed Martin already is taking steps to reduce its spending by consolidating facilities and reducing staff.
June 20, 2012 -
The Cybersecurity Technologies Research Lab's goals include building the scientific foundation for cybersecurity research, developing critical relationships and testing solutions in real-world situations.
June 19, 2012 -
Lockheed Martin, the federal government's largest contractor landed up to $1.9 billion worth of work Friday in a deal to operate Defense Department networks across the globe.
June 18, 2012 -
Three of the top five U.S. defense vendors — Northrop Grumman Corp., General Dynamics Corp. and Raytheon Co. — had lower sales in the first quarter of 2012, a trend that may continue as the Pentagon cuts its budget, according to a new report from Bloomberg Government.
May 23, 2012 -
Lockheed Martin will join a team of several other large companies in a bid for the Navy's forthcoming multibillion dollar Next Generation Enterprise Network contract.
May 09, 2012 -
The ceiling value on the contract is $454 million. Most of the work will be located in Linthicum, Md., at at DC3 headquarters.
May 04, 2012 -
Lockheed Martin Mission Systems and Sensors has received a $1 billion contract from the Naval Air Systems Command, the Defense Department said. Lockheed will provide new avionics and display systems for military aircraft.
April 06, 2012 -
NASA Administrator Charles Bolden talks about his agency\'s fiscal health and top priorities, which extends from low-earth orbit to Mars and beyond.
November 29, 2011