YOU ARE HERE: LAT HomeCollectionsLockheed Martin

Lockheed Martin

May 29, 2011 | Reuters
Lockheed Martin Corp., the world's largest aerospace company, said Saturday it detected and thwarted "a significant and tenacious attack" on its information systems a week ago. "As a result of the swift and deliberate actions taken to protect the network and increase IT security, our systems remain secure," said Jennifer Whitlow, a Lockheed spokeswoman. "No customer, program or employee personal data has been compromised. " The Department of Homeland Security and the Defense Department have offered to help gauge the scope of the incident involving the defense contractor.
April 13, 2014 | By W.J. Hennigan
A high-stakes battle is underway in Washington over launching the U.S. government's most sophisticated national security satellites. Space entrepreneur Elon Musk is pitted against the nation's two largest weapons makers, Boeing Co. and Lockheed Martin Corp., in a fight for military contracts worth as much as $70 billion through 2030. For eight years, the Pentagon has paid Boeing and Lockheed - operating jointly as United Launch Alliance - to launch the government's pricey spy satellites without seeking competitive bids.
August 4, 1996
Re "Panel Backs Lockheed as Tollways Collector," July 24: In today's government-contract bidding world it is very different than the old "cost plus" days. If you underbid, you might negotiate to recover your losses, but don't plan on negotiating a profit. As a major defense contractor, Lockheed Martin is well aware of how this works. The government's new bidding system keeps shady operators from low-balling to undercut honest bidders and then coming back to ask for what was the real cost.
January 16, 2014 | Jared S. Hopkins
The locker room in suburban Salt Lake City was secured by a password-locked door. Cellphones were prohibited. Those entering pledged in writing they wouldn't share information. Waiting inside was the result of more than two years of work by an athletic apparel company aided by a defense contractor. What was cloaked in such mystery was the new speedskating suit for the Sochi Olympics. So secret was the research and development, Olympic skaters got a peek only a few weeks ago. The public unveiling comes this week.
May 7, 1999 | Bloomberg News
Lockheed Martin Corp. announced a partnership with TRW Inc. and Telecom Italia, Italy's largest phone company, for the development of its Astrolink venture, a $3.6-billion satellite system that will provide global, broadband multimedia and Internet access. Lockheed Martin will own 46% of Astrolink, investing $400 million, while Cleveland-based TRW and Telecom Italia both will invest $250 million. Lockheed Martin will provide the satellites and the launchers.
August 10, 2004 | From Times Wire Reports
A bid to run Los Alamos National Laboratory would be too costly for defense contractor Lockheed Martin, a company spokeswoman said. Lockheed Martin had shown interest in a possible joint bid with the University of California to manage Los Alamos for the Department of Energy. However, it has decided not to bid. Lockheed Martin already manages Sandia National Laboratories in Albuquerque.
July 18, 2000
Lockheed Martin, Palmdale, has renewed its lease for a 52,000-square-foot office space at the Sierra Gateway Business Center, according to the Abbey Co., a vertically integrated real estate organization. Terms of the lease were not disclosed.
January 10, 1997 | Times Staff and Wire Reports
Lockheed Martin, known worldwide for its jet fighter planes, won a different kind of contract: something that will serve the indigent. Lockheed Martin IMS, a division of the Bethesda, Md.-based industrial giant, said it won a $4-million five-year contract from the District of Columbia to develop a program for computerized distribution of paperless food stamps and other benefits for the poor. Under the program, debit cards would be used to pay for food at terminals in supermarkets. Teaneck, N.J.
December 26, 1995
Lockheed Martin, the Bethesda, Md.-based aerospace giant, is consolidating the management and administration of its Aircraft Services Co. in Ontario with its Skunk Works operation in Palmdale. Under the move, which began last month and will continue through mid-1996, Skunk Works President Jack Gordon has begun to oversee the aircraft services division.
August 12, 1998 | From Washington Post
Lockheed Martin Corp. said it would create a subsidiary to tap the rapidly growing market for satellite-based telecommunications services. The Bethesda, Md., aerospace giant also said it is forming a jointly owned venture with General Electric Co.'s finance unit to launch a satellite system that will offer television and Internet services throughout Asia.
December 10, 2013 | By Deborah Netburn
Mars One is a plucky not-for-profit organization that wants to turn the colonization of Mars into a worldwide reality TV show -- and it appears to be making headway. On Tuesday, Mars One announced it had contracted Lockheed Martin to develop a mission concept study for a Mars lander to be launched in 2018. (Click through the photo gallery above to see an image of the proposed lander). Lockheed Martin is the company that tested and operated the 2007 Phoenix Mars lander for NASA.
December 5, 2012 | Bloomberg News
The U.S. Defense Department plans to open more than a dozen rocket launches to competition, moving to end a monopoly held by a Lockheed Martin Corp.-Boeing Co. joint venture. The Air Force is authorized to buy as many as 14 booster cores over the next five years from potential competitors such as Space Exploration Technologies Corp., the Hawthorne company known as SpaceX and headed by billionaire Elon Musk, and Orbital Sciences Corp. of Dulles, Va., wrote Frank Kendall, the Pentagon's top weapons buyer, in a Nov. 27 memo obtained by Bloomberg News.
November 10, 2012 | By W.J. Hennigan, Los Angeles Times
Lockheed Martin Corp., the world's largest defense firm, announced its incoming chief executive resigned after an ethics investigation confirmed he'd had a "close personal relationship" with a subordinate. Christopher E. Kubasik, 51, was set to take the top job of the Bethesda, Md., aerospace giant Jan. 1. Now that role is to be filled by 58-year-old Marillyn A. Hewson, who would become Lockheed's first-ever female CEO. Lockheed's board of directors also named Hewson acting president and chief operating officer in order to fill the jobs that once belonged to Kubasik.
June 26, 2012 | By W.J. Hennigan, Los Angeles Times
The nation's military contractors say they are preparing to shut facilities, tear up supplier contracts and issue pink slips to thousands of aerospace employees to deal with proposed federal budget cuts threatening to hit Pentagon spending. After a decade of heady growth amid the military buildup following Sept. 11, 2001, contractors had already braced themselves for $487 billion in cuts over the next decade. But an additional $500 billion in cuts are now being discussed in Washington.
January 10, 2012 | By W.J. Hennigan, Los Angeles Times
For the first time, the U.S. military is using a drone to deliver food and supplies to troops in Afghanistan. On Dec. 17, in a 90-minute flight, the Marine Corps deployed a cargo-lifting K-MAX helicopter drone to carry 3,500 pounds of food and supplies to U.S. Marines at Combat Outpost Payne. "We delivered cargo ... that was supposed to be delivered by convoy. Now that convoy has three pallets that it does not have to carry," Maj. Kyle O'Connor, the officer in charge of the squadron's cargo resupply, said in a statement.
October 6, 2011 | By W.J. Hennigan, Los Angeles Times
The Marine Corps will deploy its first-ever cargo-lifting drone into a war zone when it sends the K-Max helicopter to Afghanistan next month. The heavy-lift drone chopper, made by Lockheed Martin Corp. and Kaman Aerospace Corp., recently wrapped up a five-day evaluation study in Arizona to prove its cargo-carrying capability in conditions similar to those it would be expected to encounter in Afghanistan. K-Max exceeded the Navy and Marines' requirement to deliver 6,000 pounds of cargo a day. "K-Max has the capability to quickly deliver cargo, thus getting troops off the roads and allowing them to focus on other missions," said Navy Rear Adm. Bill Shannon, division executive officer for unmanned aviation and strike weapons.
September 20, 2011 | By W.J. Hennigan, Los Angeles Times
The U.S. Air Force's F-22 Raptor fighter jets have been cleared for takeoff after a government safety investigation grounded the entire fleet for more than four months. The Air Force said that all 170 F-22s will be inspected before flight operations resume. The fleet was put out of service May 3 after a dozen incidents since April 2008 in which pilots' oxygen was cut off. It is the latest issue for the F-22, which cost an estimated $412 million each, according to the U.S. Government Accountability Office's latest report, and have not been used in combat since entering service in 2005.
Los Angeles Times Articles