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Lockheed wants industry partners to help connect people & platforms -- Washington Technology


By Ross Wilkers
Jul 26, 2021
Lockheed Martin’s vision and road map of connecting people, platforms and systems into a single networking architecture certainly has the company’s own offerings in mind.
But the world’s largest defense company is also mindful of helping the U.S. military avoid being locked into a single provider of the technologies that are shaping Lockheed’s own “21st Century Warfare” concept that corresponds with “5G.mil.”
During Lockheed’s second quarter earnings call Monday, CEO Jim Taiclet told investors the end game is to eventually build out the network effect across all the platforms out in the field. ....

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Lockheed Martin takes $225m loss on 'significant' classified aeronautics programme | News


By Garrett Reim2021-07-26T23:14:00+01:00
Lockheed Martin took a $225 million loss on an unspecified classified programme within its aeronautics business segment during the second quarter of 2021.
The manufacturer offered few details during a recent earnings call and in a financial filing released on 26 July, but says the development programme could eventually be “significant for the company”.
Source: US Air Force
Lockheed Martin says the classified aeronautics development effort that took a loss could be a production programme one day
“We have experienced performance issues on a classified fixed-price incentive fee contract that involves highly complex designs and systems integration at our aeronautics business segment,” Lockheed Martin says in a financial disclosure filed with the Securities and Exchange Commission on 26 July. ....

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