CAPE CANAVERAL SPACE FORCE STATION, Fla., Dec. 16, 2024 /PRNewswire/ -- This evening at 7:52 p.m. ET, the seventh Lockheed Martin [NYSE: LMT]-designed and -built Global Positioning System (GPS) III space vehicle, GPS III SV07, launched from Cape Canaveral Space Force Station, Florida, into orbit 12,550 miles above earth.

GPS III SV07 was launched on an accelerated timeline and joins the Space Force's ongoing modernization of the GPS constellation, following GPS III SV06 that launched in 2023.

The team has now completed signal acquisition of GPS III SV07, and the spacecraft is now under operational control at Lockheed Martin's Denver Launch & Checkout Operations Center until its official acceptance into the current operational GPS 31-satellite constellation. 

BETHESDA, Md., Dec. 11, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today announced its board of directors has elected Admiral John C. Aquilino, former commander of the United States Indo-Pacific Command, to the board, effective today.

"Admiral Aquilino's service to the nation and extensive experience in complex, global operations, including in the Indo-Pacific, will bring valuable insight to the board," said Lockheed Martin Chairman, President and CEO Jim Taiclet. "His perspective as a leader and warfighter will enhance board oversight. We look forward to working with him as we continue to advance our 21st Century Security® strategy to strengthen deterrence and create a more advanced, resilient and collaborative defense industrial base."

BETHESDA, Md., Dec. 3, 2024 /PRNewswire/ -- The Board of Directors at Lockheed Martin (NYSE: LMT) named Kevin O'Connor as the corporation's new senior vice president, general counsel and corporate secretary. Effective Jan. 13, O'Connor will succeed Maryanne Lavan, who plans to retire. O'Connor most recently served as senior vice president and chief legal officer for Carrier.

"Kevin is a proven leader who brings insight, expertise, and a shared commitment to our 21st Century Security® vision. I look forward to working with him as we continue to prioritize strong governance and delivering more cutting-edge capabilities faster and more affordably to the United States and our allies," said Chairman, President and CEO Jim Taiclet. "Over her exceptional 34-year career at Lockheed Martin, Maryanne has made a mark on our company through her leadership, guidance and integrity. I appreciate her many years of service and wish her all the best in her next chapter."

BETHESDA, Md., Nov. 26, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live a presentation by CFO Jay Malave at the UBS Global Industrials & Transportation Conference on Tuesday, Dec. 3 at 8:00 a.m. to 8:40 a.m. ET.

Access to the webcast will be available at: http://www.lockheedmartin.com/investor. An audio replay will be available for two weeks following the presentation.

IOWA CITY, Iowa, Nov. 21, 2024 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE: LMT), in partnership with Lockheed Martin's Demonstrations and Prototypes organization and the University of Iowa's Operator Performance Laboratory (OPL), showcased a crewed-uncrewed teaming mission where an airborne battle manager issued real-time commands to AI-controlled aircraft through a touchscreen pilot vehicle interface (PVI).

F-35 reinforced as one-of-a-kind aircraft for allied air defense

FORT WORTH, Texas, Nov. 21, 2024 /PRNewswire/ -- The Government of Romania confirmed today its intent to procure 32 Lockheed Martin 5th Generation F-35 Lightning II aircraft by signing a Letter of Offer and Acceptance (LOA) through a U.S. government Foreign Military Sale. This decision marks a significant milestone in Romania's defense strategy and its commitment to maintaining a robust and advanced military force.

PALMDALE, Calif., Nov. 12, 2024 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE: LMT), in partnership with NASA Aeronautics, started X-59 engine run testing, marking the aircraft's final major system check-out before taxi tests and first flight. The tests also mark the first time the X-59 was powered fully internally.  

During the tests, Lockheed Martin is verifying inlet and nozzle performance, aircraft and engine structural and system interfaces, and engine control algorithms. Previously, the X-59 had been powered externally – electrically, hydraulically and pneumatically.  

PATUXENT RIVER, Md., Nov. 7, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) collaborated with the U.S. Navy and General Atomics (GA) in a first-ever live control flight demonstration of an uncrewed system by the Unmanned Carrier Aviation Mission Control Station (UMCS).

Powered by the Skunk Works® MDCX™ autonomy platform, the UMCS controlled a GA MQ-20 Avenger uncrewed air system (UAS) as it completed a live fly mission. This demonstration is a pathfinder that helps to advance the complex technology necessary to enable crewed and uncrewed teaming as envisioned for programs such as CCA and others.

BETHESDA, Md., Oct. 22, 2024 /PRNewswire/ -- Lockheed Martin Corporation [NYSE: LMT] today reported third quarter 2024 net sales of $17.1 billion, compared to $16.9 billion in the third quarter of 2023. Net earnings in the third quarter of 2024 were $1.6 billion, or $6.80 per share, compared to $1.7 billion, or $6.73 per share, in the third quarter of 2023. Cash from operations was $2.4 billion in the third quarter of 2024, compared to $2.9 billion in the third quarter of 2023. Free cash flow was $2.1 billion in the third quarter of 2024, compared to $2.5 billion in the third quarter of 2023.

FORT WORTH, Texas, Oct. 9, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) announced today Chauncey McIntosh has been named vice president and general manager of the F-35 Lightning II Program, effective Dec. 1. McIntosh succeeds Bridget Lauderdale, who will be retiring at the end of the year following a 38-year career with the company.   

McIntosh, who most recently served as the vice president and deputy of the F-35 program, is an exceptional leader with more than 20 years of business, program management, engineering and customer engagement experience. As the vice president and general manager for the F-35 program, McIntosh will be responsible for further strengthening positive customer experiences by reinforcing and continually growing the capability and reliability of the F-35; showcasing significant program progress; and ensuring the F-35 program meets the speed, agility, quality and affordability requirements deserved and expected by U.S. and international customers.