Check out Lockheed Martin’s Third Quarter Highlights
Innovation thrives as the company makes strides in defense tech with multiple program milestones, demonstrations and deliveries.
October 22, 2024
New this quarter:
- At the Foreign Policy Security Forum on July 8, 2024, Lockheed Martin Chairman, President and CEO Jim Taiclet reaffirmed the company’s commitment to quickly producing 21st Century Security® solutions that support NATO deterrence and enable allies to work as one force. What he said.
- Forbes published its rankings of America’s Best Employers for Tech Workers, where Lockheed Martin was ranked 19th overall and first in the A&D industry. This result speaks to the technologically progressive work we do and the environment we’ve created for our employees.
- In Ladakh India, we worked to inspire and empower the next generation of innovators. Watch the special featured on India’s leading business news channels, NDTV.
- The U.S. Marine Corps formally accepted the 23rd and final next-generation VH-92A presidential helicopter built by Sikorsky, marking a significant milestone for the company whose aircraft have flown every U.S. president since 1957.
- Lockheed Martin joined Face the Fight, an unprecedented coalition of more than 200 corporations, foundations, nonprofit and veteran-focused organizations joined together to raise awareness and support for veteran suicide prevention. Learn more here.
- On Aug. 13, Lockheed Martin and General Dynamics signed a strategic teaming agreement for the production of solid rocket motors. Under the agreement, General Dynamics will produce solid rocket motors for GMLRS at their facility in Camden, Arkansas, beginning in 2025. Following the GMLRS project, there may be a phased approach to transition to other products. The partnership is a strategic step in applying anti-fragility to the supply chain by establishing a third source of solid rocket motors for GMLRS. This third source will enable us to more quickly ramp production for critical defense capabilities and to strengthen the defense industrial base.
- Lockheed Martin hosted the first-ever Network of Women event at its headquarters in Bethesda, Md. College students and accomplished professionals met for a high-energy day of networking, workshops and keynote speeches to inspire the next generation of female leaders.
- The U.S. Army awarded Lockheed Martin a $226 million ATACMS production contract to support international orders. ATACMS will continue to advance interoperability and readiness for the U.S. Army and allies, allowing the services to operate jointly across domains, a critical element of 21st Century Security.
- The U.S. and Netherlands signed a Letter of Acceptance to purchase JASSM-ERs, making the Netherlands JASSM’s fifth international partner. This illustrates our allies’ continued interest in MFC’s NATO-interoperable capabilities.
Adopting new technologies faster to meet customers’ future demands.
What’s new in defense tech:
- 4,600 F-16 Fighting Falcons have been produced.
- Q-53 radar played an instrumental role in the U.S. Army’s Northern Strike exercise, with the system providing air track data directly to the event’s base defense operations center (BDOC) to help create a “common air picture” for participating units.
- Lockheed Martin was recently awarded a contract to develop the Gen 3 Radar Frequency Interferometer/Radar Warning Receiver APR-48B system for the U.S. Army's Apache helicopter fleet, which will provide significant capability enhancements that are directly enabled by advanced microelectronics. Read more about our commitment to developing new capabilities.
Advancing 21st Century Security®:
- Lockheed Martin presented the first F-35A Lightning II to the Polish government, while the Greece government finalized its intention to procure 20 F-35s.
- New Zealand’s first C-130 Super Hercules took to the skies, while Egypt announced it will acquire the tactical airlifter.
- This summer, Lockheed Martin’s Pony Express 2 smallsat mission began performing Radio Frequency (RF) sensor payload signal collection and characterization testing from other emitters “in the wild,” delivering impressive results from the new, low-cost, light-weight sensor payload. The test, which collected L-, S- and C-band RF signals, was part of the company-funded project’s mission to showcase space technologies to enhance CJADC2 and to serve as a potential platform for proving out the concept of operations for air-space integration and space-ground integration demonstrations.
- On Aug. 30, Lockheed Martin received the mission payload for the first Next Gen OPIR GEO (NGG) missile warning satellite and immediately integrated it into the space vehicle. The payload delivery from Raytheon keeps the first satellite on schedule for a December 2025 launch capability. We are currently under contract for two NGG satellites; the second satellite projected for 2026. Lockheed Martin is supporting our customer’s Missile Tracking/Warning mission in all orbits: NGG in GEO, SDA Tranche 2 Tracking Layer in LEO and our pursuit of SSC’s Missile Track Custody Epoch 2 in MEO.
- This quarter, Lockheed Martin is transforming our combat-proven Sniper targeting pod into an edge communications and computing node to enable CJADC2 across 4th and 5th generation fighters, ground-based artillery systems such as HIMARS and the MLRS family of munitions. Sniper pods have been a staple on 4th generation fighters worldwide, but with two technical enhancements, we are positioned to expand its compatibility with the F-35 to allow sharing of target and surveillance information from 5th gen to 4th gen aircraft. This 21st Century Security solution is a direct response to NATO’s demand for closer collaboration between new F-35s and existing fleets of 4th Generation fighters, which they expect to fly another 40 years. Customers also want continuous target-tracking data from aircraft sensors to improve ground-based precision fires’ capabilities and strike targets that relocate after being discovered. This innovation is 21st Century Security and JADO in action.
Major Program Awards:
- GMLRS: The U.S. Army awarded Lockheed Martin a Not-To-Exceed (NTE) undefinitized contract worth up to $4.1 billion supporting GMLRS and Extended-Range GMLRS (ER GMLRS).
- JASSM and LRASM: The U.S. Air Force awarded Lockheed Martin a $3.2 billion undefinitized contract action initiating the Large Lot Procurement (LLP) program to increase production capacity of JASSM and LRASM in support of critical munitions supply.
- Fleet Ballistic Missiles: The U.S. Navy awarded Lockheed Martin a contract for Trident II D5 missile production and deployed systems support and development. This contract award also benefits a Foreign Military Sale to the United Kingdom under the Polaris Sales Agreement.
- Javelin®: The U.S. Army awarded the Javelin Joint Venture (JJV) a follow-on fiscal year 2024 production contract for Javelin® missiles and associated equipment and services with a total value of $1.3 billion, the largest single-year Javelin production contract to date.