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Search Tags: Lockheed Martin
Former astronaut and Lockheed executive Rick Hieb describes the logistics involved in supporting missions in Antarctica. And a former State Department official the security situation at the consulate in Libya.
The Defense Department named AM General, which makes the Humvee, plus Lockheed Martin and Oshkosh Corporation. The three will build competing prototypes.
The long-awaited, problematic case management application met full operational capability in May. Jeff Johnson, the FBI's CTO, said about 30,000 employees have been using Sentinel for about a month. The $451 million program modernizes the FBI's workflow and document management system.
Small and medium-sized contractors and suppliers receive 75 percent of appropriated dollars for defense or military programs. But these small businesses, who lack the lobbying power of top- tier defense contractors, may suffer more from sequestration than big companies.
With a tighter defense budget and the threat of sequestration, defense contractors say they may have to lay off thousands of workers and look for business overseas.
A slate of defense industry executives lined up to testify before the House Armed Services Committee Wednesday, telling lawmakers that the automatic budget cuts known as sequestration would be devastating to their businesses and could lead to mass layoffs. The lack of action by Congress, so far, to avert the cuts has led to a "fog of uncertainty" even now, five months away from when sequestration would take effect, the CEO of Lockheed Martin testified.
Lockheed Martin, one of the world's largest defense contractors, has announced a 5 percent workforce reduction at its Mission Systems and Sensors (MS2)business area. The company said it notified 308 of its U.S.-based employees Tuesday "that they will no longer have employment with the company," according to a release.
Lockheed Martin machinists ended their 10-week strike Thursday, approving a new labor deal that includes a $2,000 bonus and annual pay increases starting at 3 percent the first year.
CWTSatoTravel objected to the $1.4 billion E- Travel award going to Concur Technologies. SAIC protested DISA's $4.6 billion award for the Global Information Grid management services to Lockheed Martin. Both protestors are the incumbent contractors.
Lockheed Martin officials announced late Saturday that after four days of negotiations, the aerospace company reached a tentative agreement with the union that represents 3,600 striking employees.