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Lockheed Martin Corporation (LMT) delivers cutting-edge aerospace systems and defense technologies that shape global security infrastructure. This dedicated news hub provides investors and industry professionals with authoritative updates on LMT's strategic developments.
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Lockheed Martin (NYSE: LMT) will host its first quarter 2021 earnings results webcast on April 20, 2021, at 11 a.m. EDT. James Taiclet, the company's CEO, along with CFO Ken Possenriede and VP of Investor Relations Greg Gardner, will discuss the financial results and key updates. The first quarter results will be published before the market opens on the same day. An on-demand replay of the webcast will be available until May 4, 2021. For more details, visit Lockheed Martin Investor Relations.
Lockheed Martin (NYSE: LMT) has announced leadership changes within its F-35 Lightning II Program. Bridget Lauderdale has been appointed vice president and general manager, succeeding Greg Ulmer, who moved to executive vice president on Feb. 1. Doug Wilhelm will take over as permanent vice president and deputy general manager of the F-35 Program. Bill Brotherton, previously acting vice president, is now vice president of Aeronautics Enterprise Performance. These changes, effective April 12, aim to enhance program performance and customer engagement.
Lockheed Martin (LMT) has signed a long-term agreement with ABL Space Systems to launch up to 58 RS1 rockets by 2029. This deal allows Lockheed Martin to accelerate its payload technologies into orbit, using a variety of U.S. and international launch sites, including Vandenberg and Cape Canaveral. The partnership provides ABL with a stable launch schedule, essential for its growth. The RS1 can carry up to 2,976 lbs (1,350 kg) to low Earth orbit, supporting diverse mission needs like climate monitoring and earth observation.
The Missile Defense Agency has selected Lockheed Martin (LMT) and Aerojet Rocketdyne (AJRD) for a $3.7 billion contract to develop the Next Generation Interceptor (NGI). This project aims to modernize the current Ground-based Midcourse Defense system and enhance U.S. missile defense against intercontinental ballistic missiles. The NGI will feature an all-up-round design, integrating a booster and hit-to-kill payload, with launch facilities at Ft. Greely, AK, and Vandenberg AFB, CA. Lockheed Martin's advanced system is expected to improve operational reliability and threat response capabilities.
Omnispace and Lockheed Martin have initiated a strategic partnership to develop a global 5G network using non-terrestrial satellites. This innovative network aims to provide reliable communication for commercial, government, and military applications worldwide. Utilizing Omnispace's 2 GHz S-band spectrum rights, the proposed system will allow direct device connectivity, enhancing global mobile communications. Both companies emphasize the potential of this collaboration to transition seamlessly between satellite and traditional networks, enabling low-latency connections.
Lockheed Martin (LMT) and NEC Corporation have inked a joint collaboration agreement focusing on NEC's System Invariant Analysis Technology (SIAT) to enhance system diagnostics. The partnership aims to improve the speed and efficiency of spacecraft development, particularly for NASA's Artemis mission. Lockheed Martin will integrate SIAT into its T-TAURI AI service, boosting proactive anomaly detection and operational efficiency. Previous applications of this technology include analyzing extensive telemetry data from the Orion vehicle, where it established over 22 billion logical relationships, enabling faster and more accurate assessments.
Lockheed Martin (NYSE: LMT) and NEC Corporation have signed a joint collaboration agreement to enhance their partnership using NEC's System Invariant Analysis Technology (SIAT). This agreement focuses on improving AI and machine learning capabilities, impacting spacecraft development for NASA's Artemis mission. The integration of SIAT into Lockheed Martin's T-TAURI platform enables proactive anomaly detection throughout the design and production phases. The partnership aims to streamline processes and enhance efficiency, leveraging advanced analytics for significant data analysis from the Orion vehicle.
Lockheed Martin (NYSE: LMT) will webcast a presentation by President and CEO James Taiclet at Citi's 2021 Global Industrials Virtual Conference on Feb. 17, 2021, from 9:40 a.m. to 10:20 a.m. EST. The webcast can be accessed via Lockheed Martin's investor page, with an audio replay available for two weeks post-presentation. Lockheed Martin is based in Bethesda, Maryland, employing around 114,000 people globally, focusing on advanced technology systems and services.
Lockheed Martin (NYSE: LMT) will host a live webcast featuring CFO Ken Possenriede at the Barclays Industrial Select Conference on February 17, 2021, from 2:10 p.m. to 2:40 p.m. EST. The event can be accessed through the company’s investor relations page at lockheedmartin.com/investor, with an audio replay available for two weeks post-presentation. Based in Bethesda, Maryland, Lockheed Martin is a leading security and aerospace firm employing around 114,000 individuals globally.
