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For the dozen lawmakers tasked with producing a deficit-cutting plan, the threatened “doomsday” defense cuts hit close to home. The six Republicans and six Democrats represent states where the biggest military contractors — Lockheed Martin, General Dynamics Corp., Raytheon Co. and Boeing Co. — build missiles, aircraft, jet fighters and tanks while employing tens of… Continue Reading ‘Doomsday’ defense cuts loom large for select 12

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Lockheed Martin, the world’s largest defense company, said first-quarter profit rose by 5.6 percent, aided by higher sales of its Patriot anti-missile interceptors. Profit from continuing operations increased to $548 million from $519 million a year earlier. Based in Maryland, Lockheed has about 1,200 workers in Colorado Springs. The results beat expectations. Full-year profit will… Continue Reading Lockheed Martin posts increase in first-quarter profits

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Boeing’s Global Positioning System operational control segment has gained full operational status at Schriever Air Force Base. The system keeps the GPS operational within specified accuracy to provide both secure and precise navigation around the world. The move marks the first time in more than 20 years a GPS control system has been deployed for… Continue Reading Boeing’s GPS control system approved at Schriever

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Lockheed Martin Corp. today unveiled a cavernous test facility at its Waterton Canyon site south of Denver, where full-size mock-ups of the space station and the front section of the Orion can be used to practice docking maneuvers. The company also showed off a test version of the Orion spacecraft, which was initially meant to return… Continue Reading Lockheed Martin unveils test site, Orion craft

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Colo. tech company wins Nunn-Perry Award

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A Colorado company has won the Nunn-Perry Award for outstanding performance in the United States Defense Department’s Mentor-Protégé program. ISYS Technologies, headquartered in Littleton with offices in Colorado Springs, received the award for its partnership with Lockheed Martin. The program is designed to help smaller businesses by partnering them with larger companies, with a focus… Continue Reading Colo. tech company wins Nunn-Perry Award

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Lockheed Martin won a $107 million follow-up contract to build the next phase of the space fence, a program that will allow the Air Force to more accurately map space debris. Under the 18-month contract, Lockheed Martin will further develop its ground-based radar system design in preparation for a final space fence production contract next… Continue Reading Lockheed wins $107M contract to catalogue space junk

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Lockheed Martin continues GMD contract

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Lockheed Martin has submitted a proposal to continue the ground-based midcourse defense contract for the Missile Defense Agency. Much of the work will be done at Schriever Air Force Base in Colorado Springs. The GMD development and sustainment contract will provide development, manufacturing, test, training, performance-based logistics, operations and sustainment of the ground missile defense… Continue Reading Lockheed Martin continues GMD contract

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Lockheed Martin 3Q profit falls 28%

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Even as the big defense contractor Lockheed Martin was explaining why its third-quarter profit shrank 28 percent, British Prime Minister David Cameron was laying out sweeping defense cuts on Tuesday. They include a smaller order for Lockheed’s new F-35 Joint Strike Fighter, built in Fort Worth, Texas. Continue Reading Lockheed Martin 3Q profit falls 28%

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Lockheed Martin early buyout attracts 600

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About 600 top executives with Lockheed Martin Corp. have accepted the company’s early buyout program offer. Those qualifying must leave the company by Feb. 1. Their departure represents about 25 percent of Bethesda, Md.-based Lockheed’s total number of executive level employees. Lockheed did not break down numbers by division or location. Approximately 2,000 people work… Continue Reading Lockheed Martin early buyout attracts 600

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Lockheed wins $15 million Navy contract

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Lockheed Martin has been selected for a U.S. Navy common computing contract worth $15 million. The Navy program consolidates dozens of ship information systems networks, and reduces the infrastructure size and associated costs, while increasing reliability and other capabilities to meet warfighter requirements. The new system would be deployed across the Navy’s 300-plus ships and shore-based sites. For the… Continue Reading Lockheed wins $15 million Navy contract

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