The U.S. Navy has awarded the rotary and mission systems business of aerospace company Lockheed Martin a contract modification worth $126.9 million. The cost-plus-incentive-fee award modifies contract N00024-19-C-5603, which calls for engineering services in support of ship self-defense system combat systems, the Department of Defense said Thursday.

Lockheed Martin will collaborate with Intel and its newly launched standalone business Altera to build a sensor open systems architecture-based airborne electronic defense platform for the U.S. Navy's MH-60R multi-mission helicopter to support a program of the Office of the Undersecretary of Defense for Research and Engineering. Lockheed said Monday it will use Altera's Multi-Chip Package for integration with the SOSA technology under the Stimulating Transition for Advanced Microelectronics Packaging program.

Helicity Space, a developer of fusion power for in-space propulsion and power technology, has announced securing an investment from Lockheed Martin Ventures, Lockheed Martin’s venture capital wing. This second funding round is a follow up to the initial round in December participated by institutional investors.

Lockheed Martin has secured a $483 million follow-on contract from the U.S. Army to build air-to-ground missile systems for domestic and international military customers. The company said Monday it will provide procurement and production support for the Joint-Air-to-Ground Missiles and HELLFIRE missiles to the U.S. Army, Navy and the governments of the Czech Republic, France and Poland.

Lockheed Martin will deliver a submarine electronic warfare system to the U.S. Navy under a $27.1 million order awarded against an indefinite-delivery/indefinite-quantity contract. The delivery order covers modernization kits, equipment and installation, the Department of Defense said Friday.

Lockheed Martin has secured a seven-year, $71.3 million contract from the U.S. Navy to deliver performance-based logistics for the Consolidated Automated Support System family of testers that supports naval aviation systems at the intermediate maintenance level. Additionally, the Department of Defense said Thursday the contractor will offer repair services for the Navy, Marine Corps and foreign military sales customers.

Firestorm Labs, a maker of modular unmanned aerial vehicles and an expeditionary additive manufacturing cell, raised $12.5 million from its latest funding activity. Lockheed Martin Ventures and other active defense investors provided the seed investment capital, Firestorm said Thursday.

Robert Lightfoot, president of Lockheed Martin Space, said the company is looking to partner with more space businesses that are working on small satellites and intelligence, surveillance and communications payloads to meet the increasing demand within the government market for resilient space-based capabilities. “We’re looking for strategic partners," Lightfoot, a three-time Wash100 awardee, told the publication at a conference on Tuesday. "We're interested in talking with anyone who has an advantage in those areas from a space perspective."

General Atomics' electromagnetic systems division has secured a contract from Lockheed Martin's space business arm to build and deliver missile warning, tracking and defense payloads for integration into the Space Development Agency's Tranche 2 Tracking Layer satellites. GA-EMS will produce 16 wide-field-of-view missile warning and tracking infrared payloads and two fire control and missile defense infrared payloads for integration into the 18 satellites Lockheed is building for the Proliferated Warfighter Space Architecture's tracking layer, General Atomics said Monday.

Very Low Earth Orbit satellite builder Albedo has expanded its strategic advisory board, which was formed in May 2023. Rick Ambrose, former executive vice president of the space business at Lockheed Martin, and retired U.S. Army Lt. Gen. Pat O'Reilly, vice president of corporate strategy at L3Harris Technologies, are the new members of the advisory board, Albedo said Monday.

Lockheed Martin and the U.S. Army demonstrated the extended-range variant of the Guided Multiple Launch Rocket System during an operational test at White Sands Missile Range in New Mexico, paving the way for the rocket to move to the fielding and production phase. Two ER GMLRS rockets were fired from the Army's High Mobility Artillery Rocket System launcher against a target and met missile performance criteria in terms of flight trajectory, range and accuracy from launch to impact, Lockheed said Thursday.

Lockheed Martin has completed the first knowledge point of the Missile Defense Agency's Next Generation Interceptor program, marking an acquisition milestone for the modernized missile defense system. The KP1 stage involved the assessment of the program's design review milestones, technology maturation, manufacturing readiness and use of the NGI Software Factory, Northrop said Wednesday.