By Geoff Fein Lockheed Martin [LMT] and L-3 [LLL] have been awarded contracts to provide replacement outer wing kits for the Navy's P-3 Orion aircraft, 39 of which were grounded last year due critical structural fatigue. On Aug. 26, the Navy announced Lockheed Martin received a $129.3 million ...
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Lockheed Martin's [LMT] new Aegis Open Architecture Weapon System came to life last month--on schedule and as planned--aboard the Navy's guided missile cruiser USS Bunker Hill (CG-52), the company reported. The Aegis open architecture configuration was installed aboard Bunker Hill as part of the ...
By Geoff Fein The Navy today will make its first-ever deployment of an Atlantic Fleet-based ballistic missile defense (BMD) capable destroyer, as the USS Ramage (DDG-61) heads to the Mediterranean for a six-month tour, a Navy official said. "This is the first operational deployment of a BMD ...
While the Navy continues its internal debate on which direction to pursue for surface ships, the service has begun to lay down the ground work, schedules and goals for implementing open systems architecture in order to reduce the cost and speed up the time cycle for delivering capabilities to ...
By Geoff Fein While there has been much speculation over how many more DDG-51s the Navy might ask for in its new path forward for surface combatants, a top Raytheon [RTN] official notes the program of record still calls for seven DDG-1000 Zumwalt-class ships to be built. "Let's begin in the ...
The Latest Word On Trends And Developments In Aerospace And Defense Accepted. InSurv has recommended the Navy take delivery of Lockheed Martin's LCS-1. "We will determine what corrections are required prior to delivery," a Navy spokesman said. That dfelivery is anticipated in November. ...
The global market for expendable launch vehicles (ELVs), or rockets, will see an upturn to total about $48 billion over the next decade, according to a new projection from Forecast International (FI) in Newtown, Conn. Makers of launch vehicles include The Boeing Co. [BA] and Lockheed Martin Corp. ...
Sales of ballistic missile defense systems and components have grown to make up 10 percent of the revenues in Lockheed Martin [LMT], the largest defense contractor, a senior official said yesterday. "About 10 percent of our sales last year were in the missile defense" area, according to ...
Space Shuttles For Hubble Mission, Standby, Unharmed By Storm; Shuttle Atlantis Still Set For Liftoff At 1:34 A.M. ET Oct. 8 Tropical Storm Fay, despite its drenching deluge that flooded Florida communities, caused no damage to Space Shuttle Atlantis and the new gear it will carry to refurbish the ...
Sales of ballistic missile defense systems and components have grown to make up 10 percent of the revenues in Lockheed Martin [LMT], the largest defense contractor, a senior official said yesterday. "About 10 percent of our sales last year were in the missile defense" area, according to John Holly, ...