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Lockheed martin missiles and fire control
Jan 01, 11:00 PM EST Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury National By Rich Smith 01/01/19 AT 10:29 PM 2018. What a year.It's been nearly 12 months since the great "Hawaii false missile alert" happened. On Jan. 13, at 8:07 a.m. local time, Hawaii's Emergency Management Agency mistakenly broadcast a warning about an incoming ballistic missile threat. Recipients might have been inclined to disregard the warning as a mere drill -- but for the fact that the alert specifically urged them to understand that "this is not a drill." Panic erupted across the islands, alongside calls for beefed-up missile defense in the U.S. Senate.This article originally appeared in the Motley Fool.12 months later, that's starting to happen.Lockheed Martin to the rescueEarlier this month, in a publicly disclosed contracts update, the Pentagon announced that it has awarded Lockheed Martin (NYSE:LMT) $585.2 million to "design, … [Read more...] about Lockheed Martin Hired To Provide Missile Defense For Hawaii
Marillyn Hewson has been CEO of Lockheed Martin since 2013. This year, Fortune selected her as number one in their list of the world’s most powerful women. Hewson got her start at the aerospace and defence company in 1983 as a senior industrial engineer. Marillyn Hewson is the most powerful woman in the world right now. At least, that’s what Fortune magazine has dubbed the Lockheed Martin CEO and chairman. The magazine credited Hewson with having placed the aerospace and defence company in “the sweet spot to cater to the modern military’s needs” and with “leading the charge to develop hypersonic weapons.” And Hewson is compensated in the millions for her efforts. The CEO’s total net worth isn’t immediately clear, but according to the Washington Business Journal, her total compensation in 2017 was $US22.87 million. That’s an 11.15% increase from her overall compensation in 2016, which was reported at $US20.57 million. … [Read more...] about The life and career of Marillyn Hewson, CEO of the Pentagon’s top weapons supplier and the ‘most powerful woman in the world’
By Matthew Rocco Published August 14, 2018 Defense FOXBusiness Facebook Twitter Comments Print video Lockheed Martin CEO: We’re excited about Trump’s workforce pledge Lockheed Martin CEO Marillyn Hewson discusses how her company has joined President Trump’s initiative to help American workers. The U.S. Air Force has awarded a second hypersonic weapons contract to Lockheed Martin to begin designing another prototype of a super-fast missile. Continue Reading Below Lockheed Martin’s contract is not to exceed $480 million, and work on the air-launched rapid response weapon (ARRW) is scheduled to be completed by November 2021, the Air Force announced this week. The contract falls under the company’s missiles and fire control business located in Orlando, Florida. A hypersonic weapon would be able to travel at speeds of at least Mach 5, or five times the speed of sound. “We are going to go fast and leverage the … [Read more...] about Lockheed Martin, Air Force reach deal on $480M hypersonic weapons contract
Published July 24, 2018 Earnings Reuters Facebook Twitter Comments Print video Earnings creating a lot of value in market: investment strategist Strategas Research Partners CEO Jason Trennert provides insight into the earnings season so far. July 24 (Reuters) - Lockheed Martin Corp beat expectations for quarterly profit on Tuesday and raised its forecast for the rest of the year, helped by higher demand for its F-35 fighter jet. Continue Reading Below The Pentagon's No.1 weapons supplier raised its 2018 net sales forecast to a range of $51.60 billion to $53.10 billion, from a range of $50.35 billion to $51.85 billion. Full-year profit is now expected to be between $16.75 to $17.05 per share, compared with its earlier estimate of $15.80 and $16.10 per share. Shares of the company rose 1.5 percent to $322.86 in premarket trading on Tuesday. Revenue from the company's missiles and fire control business, which also makes PAC-3 missiles, … [Read more...] about Lockheed Martin beats profit estimates, raises 2018 forecast