Lockheed Martin has been awarded a contract worth up to $480 million for the conduct of a Critical Design Review and to provide test and production readiness support for the U.S. Air Force’s Air-Launched Rapid Response Weapon (ARRW, pronounced “Arrow”), one of the service’s ongoing hypersonic weapon development efforts. The Air Force is obligating $5 million at time of award. Contract work will be performed in Orlando, Florida, and is expected to be completed by November 30, 2021. Continue reading
On July 30, the Japanese Ministry of Defense announced that it had decided to procure Lockheed Martin’s radar over rival Raytheon’s to equip two AEGIS Ashore installations. AEGIS Ashore is a U.S. military technology for land-based ballistic missile defense and early warning derived from a long-standing naval AEGIS program. Continue reading
The U.S. State Department has cleared a Slovak government request for the potential sale of 14 F-16 Block 70/72 V- configuration combat aircraft. A notification of the potential Foreign Military Sale (FMS) was delivered by the Pentagon’s Defense Security Cooperation Agency (DSCA) to Congress on April 3. The proposed package – including AESA radars, M61 A1 Vulcan 20mm guns, Joint Helmet Mounted Cueing Systems, ALQ-213 electronic warfare management systems, guidance kits for Joint Direct Attack Munition (JDAM) 500-pound guided bombs, etc. – comes with an estimated price tag of $2.91 billion (EUR2.37 billion). Continue reading
The U.S. Air Force’s T-X advanced trainer program is one of the biggest prizes in the military aircraft market in the near future. This is due to the scale of the program itself: under the program, the Air Force intends to buy 350 advanced jet trainers to replace its fleet of Northrop T-38Cs. In addition, the winning T-X aircraft will be in a position to become perhaps the leading competitor in the future global market for advanced jet trainers. Continue reading
On behalf of Jordan, the U.S. Air Force has awarded Lockheed Martin of Syracuse, New York, a not-to-exceed $41.7 million, firm-fixed-price, undefinitized FMS contract (FA8730-17-C-0005) to procure, deliver, and install the “gap filler radar.” Under the terms of the contract, Lockheed Martin will provide two long-range radars, plus three upgrades to existing long-range radars. Additionally, the company will integrate the new and upgraded radar into Jordan’s overall command, control and communications system. Continue reading
The U.S. Air Force Program Executive Officer for Mobility has delayed issuance of the Request for Proposals (RFP) for the T-X advanced pilot training program by three months. The program office now expects the RFP to be released in late December 2016. The postponement follows completion of an internal review regarding the program’s remaining tasks, and is intended to ensure the release of a well-defined RFP. Continue reading
As it deals with a global defense downturn and the possible return of sequestration in the U.S., Lockheed Martin has decided to double down on this core market. With the acquisition of Sikorsky and the planned divestment of its services operations, the company has made it clear that it will focus on what it does best, defense contracting.
With a protracted downturn anticipated in defense, Sikorsky was put on the block in early 2015 as its parent company, United Technologies, looked to focus on higher-margin commercial markets. After several months of negotiations with various suitors, Lockheed Martin emerged as the victor with a $9 billion offer. Continue reading
Over the next 10 years, the top five commercial communications satellite manufacturers will be MDA, Airbus Defence and Space, Boeing, Thales, and Lockheed Martin. The companies are ranked based on forecast value of production of their satellite products between 2015 and 2024. Although it is recognized that other companies act as subcontractors, this list is determined by estimating revenues of the prime contractors in the commercial communications satellite industry. Continue reading
On the opening day of the Paris Air Show, United Technologies Corp (UTC) revealed that it has decided to proceed with a sale or spinoff of its Stratford, Connecticut-based Sikorsky Aircraft subsidiary. Earlier this year, UTC had announced that it was reviewing strategic alternatives regarding Sikorsky’s future within the UTC corporate portfolio.
At the time, Forecast International wrote that Sikorsky had a bright future with or without UTC. We pointed to such factors as Sikorsky’s continuing leadership in the military rotorcraft market among Western manufacturers, underscored by robust U.S. Army procurement of Black Hawk helicopters as well as key wins in such contests as the U.S. Air Force combat rescue helicopter and U.S. Navy VXX presidential helicopter programs. Added to this are Sikorsky’s smaller but growing presence in the civil rotorcraft market and the bright outlook for the firm in the increasingly important helicopter aftermarket.