The global security and technology company Lockheed Martin has closed the acquisition of Hypersonics portfolio of Huntsville, Alabama based Integration Innovation Inc. (i3). The deal will expands Lockheed Martin’s capabilities to design, develop and product integrated hypersonic weapon systems for its customers.
i3 is a software and systems engineering company
As per agreement Mike Wicks, the former CEO of i3, has been named vice president of the Hypersonic Engineering & Accelerated Technologies program within the Hypersonic Strike Portfolio for Lockheed Martin Space.
In Nov 2020, Lockheed Martin announced to build new Training Center for Binational French, German C-130J Squadron. French and German C-130J Super Hercules aircrews and maintainers will train in a facility located in France, built and equipped by Lockheed Martin for the countries binational C-130J Super Hercules Squadron. Lockheed Martin will provide training devices, the learning management system, courseware and options for five years of training services under the terms of a new direct commercial sale (DCS) contract, allowing for in-country learning.
In February 2020, The Javelin Joint Venture, a partnership of Raytheon Company and Lockheed Martin, signed a Memorandum of Understanding (MOU) with Bharat Dynamics Limited (BDL) to explore co-production of the Javelin anti-tank missile system to fulfill potential future requirements of the Indian Ministry of Defence.
In January 2020, The F-35 Joint Program Office awarded the Lockheed Martin industry team a $1.9 billion contract to support operations and sustainment of the global F-35 fleet, while improving mission readiness and further reducing costs. The deal also covers fleet-wide data analytics and supply chain management for part repair and replenishment to enhance overall supply availability for the fleet.
About Lockheed Martin
Lockheed Martin, is headquartered at Bethesda, Maryland, the USA, is a global security and aerospace company. The company mainly engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The broad business area of the company includes Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space and satellite system. The company employs approximately 110,000 people worldwide. It has more than 375 facilities and 16,000 active suppliers, including suppliers in every U.S. state and more than 1,000 suppliers in over 50 countries.