Lockheed Martin has received a U.S. Navy contract modification worth approximately $132.6 million to provide systems engineering, development and testing support for the Conventional Prompt Strike, or ...

New contracting model: Lockheed Martin will receive guaranteed payments from the Pentagon even if future orders are reduced or canceled. Risk shift to taxpayers: The arrangement transfers market risks ...

The Department of Defense said Wednesday the modification to the fixed-price incentive, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract ...

Lockheed Martin received an $879.1 million contract from the Pentagon to build fighter plane parts. The order is in addition to a previous contract and provides for the production and delivery of ...

New contract model: Lockheed Martin’s Pentagon deal guarantees payment even if production plans change, shifting more financial risk from the company to taxpayers. Critics raise alarms: Experts warn ...