Releases
Releases
In this section of the Lockheed Martin Newsroom, you'll find our news releases. The releases are listed in chronological order and are archived by year.
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Oct 17, 2023
Net sales of $16.9 billion, an increase of 2% year-over-year Net earnings of $1.7 billion, or $6.73 per share Cash from operations of $2.9 billion and free cash flow of $2.5 billion $2.5 billion...
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Feb 23, 2023
Lockheed Martin announced today that Senior Vice President (SVP) of Government Affairs Christian Marrone has decided to resign, effective Feb. 28, for personal reasons. Greg Walters, vice...
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Jan 18, 2023
The sixth Global Positioning System III (GPS III) satellite designed and built by Lockheed Martin (NYSE: LMT) has been launched and is propelling to its operational orbit approximately 12,550...
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Jun 17, 2021Fifth satellite brings enhanced, secure military signal capability full circle
The fifth Global Positioning System III (GPS III) satellite designed and built by Lockheed Martin (NYSE: LMT) is now headed to its orbit 12,550 miles above earth. This marks another step in...
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May 18, 2021SBIRS' New LM 2100 Combat Bus™ Drives Resiliency, Efficiency and Record Production Speed
Following a successful launch from Cape Canaveral Space Force Station in Florida earlier today, the U.S. Space Force's Space Delta 4 operations team is now "talking" with the fifth Space Based...
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Dec 2, 2020SBIRS GEO-5 is First Military Satellite Using New LM 2100™ Bus to Drive Resiliency, Efficiency and Record Production Speed
SUNNYVALE, Calif., Dec. 2, 2020 – Lockheed Martin (NYSE: LMT) today announced the U.S. Space Force has determined the fifth Space Based Infrared System Geosynchronous Earth Orbit satellite...
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Nov 5, 2020GPS III SV04 will be the 23rd M-Code enabled satellite in the GPS Constellation
The fourth Lockheed Martin (NYSE: LMT)-built Global Positioning System III (GPS III) satellite is now headed to orbit under its own propulsion. Following a successful launch earlier this evening,...
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Jun 30, 2020GPS III SV03 increases number of secure Military Code (M-Code) enabled satellites in GPS Constellation to 22 total
After a successful launch this afternoon, the third Lockheed Martin (NYSE: LMT)-built GPS III satellite is now headed to orbit under its own propulsion. The satellite has separated from its rocket...
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Jun 22, 2020New Satellite Bus Drives Production Speed, Resiliency, Commonality and Affordability
SUNNYVALE, Calif., June 22, 2020 – The world’s most advanced missile defense satellite recently and successfully came out of almost two months of harsh simulated space environmental testing....
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Mar 27, 2020U.S. Space Force, Lockheed Martin upgrade Operations Control Segment (OCS) and refresh GPS constellation with new satellites
COLORADO SPRINGS, Co., Mar. 27, 2020 – The final steps to fully-enable the ultra-secure, jam-resistant Military Code (M-Code) signal on the Global Positioning System (GPS) are now underway. As...
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Feb 10, 2020GPS III brings higher-power, more accurate and harder-to-jam signals to the GPS constellation
The nation's third next-generation GPS III satellite – and the first delivered by Lockheed Martin (NYSE:LMT) to the new U.S. Space Force -- has arrived in Florida for an expected April launch....
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Jan 28, 2020- Net sales of $15.9 billion in the fourth quarter and $59.8 billion in 2019
Lockheed Martin Corporation (NYSE: LMT) today reported fourth quarter 2019 net sales of $15.9 billion, compared to $14.4 billion in the fourth quarter of 2018. Net earnings in the fourth quarter...
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Oct 22, 2019- Net sales of $15.2 billion
Lockheed Martin Corporation (NYSE: LMT) today reported third quarter 2019 net sales of $15.2 billion, compared to $14.3 billion in the third quarter of 2018. Net earnings in the third quarter of...
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Aug 22, 2019First GPS III Satellite Successfully Completes On-Orbit Testing
The U.S. Air Force's second next-generation GPS III satellite, built by Lockheed Martin (NYSE: LMT), is responding to commands, under control and now using its own internal propulsion system to...
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Jul 23, 2019- Net sales of $14.4 billion
Lockheed Martin Corporation (NYSE: LMT) today reported second quarter 2019 net sales of $14.4 billion, compared to $13.4 billion in the second quarter of 2018. Net earnings in the second quarter...
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Jul 8, 2019More powerful, accurate, resilient GPS III satellite will help modernize today's GPS constellation
The GPS satellite constellation is about to get its next heathy dose of new technology and more advanced capabilities. The second next-generation, Lockheed Martin (NYSE:LMT)-built GPS III...
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Jun 11, 2019Second GPS III Satellite Readies for Launch; Third Satellite Declared "Available for Launch"
The next step in modernizing the Global Positioning System (GPS) satellite constellation with new technology and capabilities is happening from the ground up! On May 22, Lockheed Martin (NYSE:...
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Apr 23, 2019- Net sales of $14.3 billion
Lockheed Martin Corporation (NYSE: LMT) today reported first quarter 2019 net sales of $14.3 billion, compared to $11.6 billion in the first quarter of 2018. Net earnings in the first quarter of...
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Mar 26, 2019Satellite Will Bring New Technology and Capabilities To Modernize the GPS Constellation
CAPE CANAVERAL, Florida, March 26, 2019 – The U.S. Air Force’s second new GPS III satellite, bringing higher-power, more accurate and harder-to-jam signals to the GPS constellation, has...
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Jan 9, 2019GPS Control Segment Sustainment II (GCS II) contract continues the modernization of the GPS Operational Control Segment (OCS)
COLORADO SPRINGS, Colo., January 4, 2019 – The U.S. Air Force awarded Lockheed Martin (NYSE: LMT) the GPS Control Segment Sustainment II (GCS II) contract to continue to sustain and further...
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Dec 23, 2018Launch of the first GPS III satellite begins the modernization of the GPS constellation
At approximately 12,550 miles (20,200 km) up... turn left. You have arrived at a new era for the Global Positioning System (GPS). A major milestone in the U.S. Air Force's plan to bring new...
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Dec 11, 2018Advanced new satellite design to help the U.S. Air Force modernize the GPS constellation
The U.S. Air Force's first Lockheed Martin (NYSE: LMT)-built GPS III satellite is now encapsulated for its planned December 18 launch from Cape Canaveral Air Force Station, Florida, on a SpaceX...
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Nov 14, 2018
COLORADO SPRINGS, Colorado, Nov. 14, 2018 – Colorado students will soon have a chance to visit Mars thanks to Lockheed Martin (NYSE: LMT). The company announced a $150,000 grant which will...
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Sep 6, 2018GPS Ill MCEU Contract Passes Critical Design Phase
DENVER, Sept. 6, 2018 – Once the next-generation GPS III satellites begin launching later this year, a series of updates to the current ground control system from Lockheed Martin (NYSE: LMT)...
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Aug 27, 2018Lockheed Martin-Built GPS III Will Be More Powerful, Jam Resistant
The first of the U.S. Air Force's advanced new, higher-power, harder-to-jam GPS III satellites is making its way to the launch pad. On August 20, Lockheed Martin (NYSE: LMT) shipped the U.S. Air...
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Aug 21, 2018GPS III Space Vehicle 02 (GPS III SV02) is complete, tested and expected to launch in 2019
As the first Lockheed Martin-built (NYSE: LMT) GPS III satellite prepares to ship to the launch pad, the U.S. Air Force has declared that the second GPS III satellite is complete, fully tested and...
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Apr 17, 2018
Lockheed Martin (NYSE: LMT) has submitted a competitive and fully compliant proposal for the U.S. Air Force's GPS III Follow On (GPS IIIF) program, which will add enhanced capabilities to the most...
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Dec 13, 2017GPS III and OCX Successfully Complete Factory Mission Readiness Test
The first advanced GPS III satellite successfully established remote connectivity and communicated with the Next Generation Operational Control System (OCX), further validating the U.S. Air...
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Nov 27, 2017Second GPS III Satellite Begins Thermal Vacuum Testing
The U.S. Air Force's third GPS III satellite in production flow at Lockheed Martin (NYSE: LMT)'s advanced satellite manufacturing facility here is now fully integrated into a complete space...
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Oct 10, 2017GPS III Space Vehicle 01 (GPS III SV01) expected to launch in 2018
Ushering in a new era of advanced Global Positioning System (GPS) technology, the U.S. Air Force declared the first Lockheed Martin (NYSE: LMT)-built GPS III satellite "Available for Launch." The...
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Sep 12, 2017MCEU will accelerate deployment of modernized GPS signals to warfighters
The U.S. Air Force awarded Lockheed Martin (NYSE: LMT) a $45.5 million contract to provide Military Code (M-Code) Early Use (MCEU) capability to the Global Positioning System (GPS). Part of the...
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Sep 5, 2017GPS III Space Vehicle 02 Completes Acoustic Testing
Launch is the most strenuous part of a satellite's life. To survive the extreme sound wave pressure and pounding vibrations generated by more than 700,000 lbs. of thundering rocket thrust,...
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Aug 2, 2017266,000 Square Foot "Factory of the Future" will Speed Production and Lower Costs
Preliminary construction is underway on a new, $350 million Lockheed Martin (NYSE: LMT) facility that will produce next-generation satellites. The new facility, located on the company's Waterton...
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Jun 26, 2017Navigation Payload Delivered for Third Satellite in Most Powerful GPS Constellation Ever
In a specialized cleanroom designed to streamline satellite production, Lockheed Martin (NYSE: LMT) is in full production building GPS III – the world's most powerful GPS satellites. The...
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Dec 12, 2016
The U.S. Air Force approved Lockheed Martin's (NYSE: LMT) design to upgrade the current GPS satellite ground control system with new capabilities that will enable it to operate more powerful and...
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Dec 1, 2016CUP2 Operational Control Segment Upgrades Now Fully Operational
Lockheed Martin (NYSE: LMT) has completed a major upgrade to modernize the current ground control system of the U.S. Air Force's Global Positioning System (GPS) satellite constellation. The...
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Sep 28, 2016
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) $395 million in contract options for the production of the ninth and tenth Global Positioning System III (GPS III) satellite. GPS III...
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May 19, 2016Company Awarded GPS III Phase 1 Production Readiness Assessment Contract
In the future, when mission needs change for the Global Positioning System (GPS), the U.S. Air Force will be able to respond -- thanks to some engineering forethought and the innovative design of...
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Feb 3, 2016First GPS III Satellite Completes Operational Testing in Simulated Harsh Space Environment
Engineers at Lockheed Martin (NYSE: LMT) recently proved their design for the world's most powerful Global Positioning System (GPS) satellite can operate in and withstand the harsh conditions it...
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May 4, 2015First GPS III Space Vehicle Prepares for Testing in Simulated Harsh Space Environments
Using a 10-ton crane, Lockheed Martin [NYSE: LMT] engineers and technicians gently lowered the system module of the U.S. Air Force's first next generation GPS III satellite into place over its...
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Jan 27, 2015-- Net sales of $12.5 billion for the fourth quarter and $45.6 billion for 2014
Lockheed Martin Corporation (NYSE: LMT) today reported fourth quarter 2014 net sales of $12.5 billion compared to $11.5 billion in the fourth quarter of 2013. Net earnings from continuing...
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Oct 29, 2014
Lockheed Martin [NYSE: LMT] and Colorado Gov. John Hickenlooper today celebrated a growing aerospace presence in Colorado by cutting the ribbon for the company's Commercial Space headquarters and...
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Sep 7, 2014A2100 satellite family now offers side-by-side dual launch and a reprogrammable mission processor
Lockheed Martin [NYSE: LMT] today announced two major upgrades to the A2100 family of satellites that provide broadband, mobile and military communications, as well as GPS services to millions of...
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Sep 2, 2014
The U.S. Air Force's fleet of Global Positioning System (GPS) Block IIR and IIR-M satellites, manufactured by Lockheed Martin [NYSE: LMT], have reached 200 collective years of operational life....
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Apr 22, 2014- Net sales decreased 4% to $10.7 billion
Lockheed Martin Corporation (NYSE: LMT) today reported first quarter 2014 net sales of $10.7 billion, compared to $11.1 billion in the first quarter of 2013. Net earnings in the first quarter of...
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Mar 3, 2014
Members of the International Association of Machinists and Aerospace Workers (IAM) ratified a new four-year labor agreement with Lockheed Martin [NYSE: LMT]. The new contract was ratified March 2...
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Jan 23, 2014-- Net sales of $11.5 billion for the fourth quarter and $45.4 billion for 2013
Lockheed Martin Corporation (NYSE: LMT) today reported fourth quarter 2013 net sales of $11.5 billion compared to $12.1 billion in the fourth quarter of 2012. Net earnings from continuing...
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Dec 16, 2013
The U.S. Air Force has awarded Lockheed Martin [NYSE: LMT] more than $200 million in contract options to complete production of its fifth and sixth next-generation Global Positioning System...
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Nov 21, 2013GPS III Backward-Compatible with GPS IIR, IIR-M, and IIF Satellites Currently in Orbit
The Lockheed Martin [NYSE: LMT] prototype of the next-generation Global Positioning System (GPS) satellite, the GPS III, recently proved it was backward-compatible with the existing GPS satellite...
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Oct 22, 2013-- Net sales decreased 4 percent to $11.3 billion
Lockheed Martin Corporation (NYSE: LMT) today reported third quarter 2013 net sales of $11.3 billion compared to $11.9 billion in the third quarter of 2012. Net earnings from continuing operations...
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Sep 23, 2013
The prototype for Lockheed Martin [NYSE: LMT]'s next generation GPS III satellite reached a major milestone on August 30 when it successfully established remote connectivity and communicated with...
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Sep 12, 2013Lockheed Martin, Raytheon complete key program milestone
Lockheed Martin [NYSE: LMT] and Raytheon Company [NYSE: RTN] successfully completed the third of five planned launch and early orbit exercises to demonstrate the launch readiness of the world's...
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Jul 22, 2013Lockheed Martin GPS III Satellite Prototype To Help Cape Canaveral Air Force Station Prep For Launch
Lockheed Martin [NYSE: LMT] recently delivered a full-sized, functional prototype of the next-generation Global Positioning System (GPS) satellite to Cape Canaveral Air Force Station to test...
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Jul 15, 2013
Lockheed Martin (NYSE: LMT) has completed and is preparing to install the navigation, communication, and hosted payload antenna assemblies for the first satellite of the next generation Global...
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Jul 10, 2013Non-Flight Satellite Testbed Also Demonstrates Radio Frequency and Electromagnetic Performance
Lockheed Martin [NYSE: LMT]'s GPS III Non-Flight Satellite Testbed (GNST) has successfully completed a series of high-fidelity pathfinding events which validate the process and facility for...
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Jun 5, 2013
A Lockheed Martin [NYSE: LMT]-led industry team has completed successful functional integration tests of the spacecraft bus and network communications equipment on the first satellite of the next...
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Apr 10, 2013
Lockheed Martin [NYSE: LMT] has successfully completed a Delta Preliminary Design Review (dPDR) for the next Global Positioning System (GPS) III satellite vehicles planned under the U.S. Air...
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Mar 28, 2013
Thirty years ago today the premier launch of the Advanced TIROS-N satellite series carried a very special hosted payload aboard – the first Search and Rescue (SAR) payload on a U.S. satellite....
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Feb 28, 2013
The Lockheed Martin [NYSE: LMT] team developing the U.S. Air Force's next generation Global Positioning System III satellites has turned on power to the system module of the program's first...
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Feb 25, 2013GPS III Program Transitions from Cost-Plus to Fixed-Price Contract Structure
The U.S. Air Force has awarded Lockheed Martin [NYSE: LMT] two fixed-price contracts totaling $120 million to procure long lead parts for the fifth, sixth, seventh and eighth next generation...
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Feb 6, 2013
The Lockheed Martin (NYSE: LMT) team developing the U.S. Air Force's next generation Global Position System III satellites has completed a key flight software milestone validating the software's...
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Nov 19, 2012
The Lockheed Martin (NYSE: LMT) team developing the U.S. Air Force's next generation Global Positioning System III satellites has completed thermal vacuum testing for the Navigation Payload...
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Sep 24, 2012Spacecraft on Schedule for 2014 Launch Availability
The Lockheed Martin [NYSE: LMT] team developing the U.S. Air Force's next generation Global Positioning System III satellites has delivered the first spacecraft's propulsion core module to the...
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Sep 5, 2012
Raytheon Company [NYSE: RTN] and Lockheed Martin [NYSE: LMT] have successfully completed the first launch readiness exercise for the U.S. Air Force's next generation GPS III satellites. The...
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Jun 26, 2012
The Lockheed Martin (NYSE:LMT) commercial geostationary (GEO) communications satellite fleet has achieved a significant milestone by accumulating 1,000 years of in-orbit operations. JCSAT-13,...
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May 31, 2012
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a $68 million contract to provide mission readiness, launch, early orbit checkout and on-orbit operations engineering support for the...
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May 29, 2012GPS III Remains On Schedule; Within Original Air Force Budget
The Lockheed Martin (NYSE: LMT) team developing the next generation Global Positioning System III satellites has completed a major integration and test event on the program's satellite pathfinder,...
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Jan 24, 2012
The U.S. Air Force's fleet of Global Positioning System (GPS) Block IIR and IIR-M satellites has accumulated 150 collective years of successful on-orbit operations. The Lockheed Martin (NYSE: LMT)...
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Jan 12, 2012
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a $238 million contract for production of the third and fourth satellites in the next-generation Global Positioning System (GPS)...
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Jan 11, 2012
The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a $21.5 million contract to provide a Launch and Checkout Capability (LCC) to command and control all GPS III satellites from launch...
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Dec 13, 2011New GPS Satellite Factory Opens for Business
The Lockheed Martin (NYSE: LMT) team developing the U.S. Air Force's next generation Global Positioning System has delivered the program's pathfinder spacecraft to the company's Denver-area...
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Dec 12, 2011
Lockheed Martin (NYSE: LMT) announced today the award of a contract from NewSat Limited (NewSat) of Australia to build the Jabiru-1 satellite. The construction of the satellite will commence...
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Oct 10, 2011U.S. Air Force's GPS III Acquisition Approach Continues to Yield Excellent Results
The Lockheed Martin (NYSE : LMT) team developing the U.S. Air Force's next generation Global Positioning System has turned on initial power to the program's pathfinder spacecraft, known as the GPS...
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Oct 4, 2011
Lockheed Martin (NYSE : LMT) today congratulated the U.S. Air Force and the Global Positioning System (GPS) community for receiving the International Astronautical Federation's (IAF) 60th...
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Sep 26, 2011
The BSAT-3c/JCSAT-110R broadcasting satellite, designed and built by Lockheed Martin (NYSE: LMT) for the Broadcasting Satellite System Corporation (B-SAT) and SKY Perfect JSAT Corporation, is now...
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Sep 8, 2011
The first Lockheed Martin (NYSE: LMT) A2100 commercial communications satellite has achieved its 15-year design life of on-orbit service. Launched as GE-1 on Sept. 8, 1996 aboard a Lockheed Martin...
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Jul 5, 2011GPS IIIB Satellites to Add Critical New Capabilities for Users Around the Globe
Lockheed Martin (NYSE: LMT) has successfully completed on-schedule a System Design Review (SDR) for the Global Positioning System (GPS) IIIB satellite increment under the U.S. Air Force's next...
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Jun 29, 2011
The BSAT-3c/JCSAT-110R broadcasting and telecommunications satellite, designed and built by Lockheed Martin (NYSE: LMT) for the Broadcasting Satellite System Corporation (B-SAT) and SKY Perfect...
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Mar 15, 2011
The Lockheed Martin-led team developing the U.S. Air Force's next generation Global Position System, known as GPS III, has successfully completed the program's first major flight software...
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Feb 15, 2011Next-Generation GPS III Program Advancing Through Production Phase
The seventh Global Positioning System Block IIR (GPS IIR-7/SVN-54) satellite, designed and built by Lockheed Martin (NYSE: LMT), has reached 10 years of successful on-orbit operations, and...
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Jan 24, 2011
Lockheed Martin plans to increase the affordability and efficiency of space system development with the opening of a new advanced technology and virtual simulation facility, known as the...
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Dec 15, 2010
The Lockheed Martin (NYSE: LMT) A2100 commercial communications satellite fleet has achieved a major milestone by accumulating 300 years of successful in-orbit operations. The A2100 satellite...
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Dec 8, 2010
The BSAT-3b broadcasting satellite, designed and built by Lockheed Martin (NYSE: LMT) for the Broadcasting Satellite System Corporation (B-SAT) of Japan, is now operational following successful...
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Oct 28, 2010
The BSAT-3b broadcasting satellite, designed and built by Lockheed Martin (NYSE: LMT) for Broadcasting Satellite System Corporation (B-SAT) of Japan, was successfully launched today from Kourou,...
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Oct 26, 2010
The BSAT-3b broadcasting satellite, designed and built by Lockheed Martin (NYSE: LMT) for the Broadcasting Satellite System Corporation (B-SAT) of Japan, is ready for liftoff on Oct. 28 aboard an...
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Aug 23, 2010Next Generation GPS III Program Shifts to Production Phase
The Lockheed Martin team developing the U.S. Air Force's next generation Global Positioning System, known as GPS III, has successfully completed the program's Critical Design Review (CDR) phase...
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Aug 9, 2010Next-Generation GPS III to complete Critical Design Review Phase ahead of schedule
The fifth Global Positioning System Block IIR (GPS IIR-5) satellite, designed and built by Lockheed Martin to provide critical navigation capabilities for military and civilian users worldwide,...
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Jul 28, 2010Onizuka AFS Closure Marks End of an Era in Space History
Lockheed Martin today joined in ceremonies honoring Onizuka Air Force Station (OAFS) for its 50 years of service to the nation's government space program as part of a U.S. Air Force event marking...
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Jul 15, 2010
Lockheed Martin has opened a Global Positioning System (GPS) exhibit as a part of the Permanent Space Exhibit of the United Nations Office at Vienna, Austria to emphasize the importance of...
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Jul 1, 2010
Lockheed Martin today opened the doors to new facilities at its Space Systems Company operations in Newtown, Pa. Ribbon-cutting ceremonies with community leaders and customers were conducted today...
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Jun 21, 2010
Lockheed Martin announced today that it has successfully completed a key requirements review for the Global Positioning System (GPS) IIIB satellite series under the U.S. Air Force's next...
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May 11, 2010
Lockheed Martin announced today the award of a contract by Vietnam Posts and Telecommunications Group (VNPT) of Vietnam to build the VINASAT-2 satellite. In-orbit delivery is slated for the second...
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Apr 19, 2010
The Lockheed Martin team developing the U.S. Air Force's next-generation Global Positioning System (GPS) satellite, known as GPS III, continues to maintain schedule performance and meet or exceed...
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Dec 25, 2009
Lockheed Martin today pledged to donate $400,000 to the Washington Crossing Historical Park in Washington Crossing, Pa. The park, which has experienced recent state budget cuts, is visited by more...
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Nov 2, 2009Next-Generation System Progressing On-schedule in Critical Design Review Phase
The third Global Positioning System Block IIR (GPS IIR-3) satellite, designed and built by Lockheed Martin to provide significantly improved navigation capabilities for military and civilian users...
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Sep 3, 2009
The last in a series of eight modernized Global Positioning System IIR (GPS IIR-M) satellites built by Lockheed Martin has been declared operational by the U.S. Air Force for military and civilian...
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Aug 21, 2009
The JCSAT-12 communications satellite, designed and built by Lockheed Martin for SKY Perfect JSAT Corporation (SKY Perfect JSAT) of Japan, was successfully launched today from Kourou, French...
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Aug 18, 2009
The JCSAT-12 communications satellite, designed and built by Lockheed Martin for SKY Perfect JSAT Corporation (SKY Perfect JSAT) of Japan, is ready for its scheduled launch on Aug. 21 aboard an...
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Aug 17, 2009Next-Generation GPS III System Progressing on-schedule in Critical Design Review Phase
A modernized Global Positioning System Block IIR (GPS IIR-M) satellite, designed and built by Lockheed Martin for the U.S. Air Force was successfully launched today from Cape Canaveral Air Force...
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Aug 11, 2009
Lockheed Martin broke ground today on two new facilities at its Space Systems Company operations in Newtown, Pennsylvania, that will support spacecraft programs for government and commercial...