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Stock impact report

Lockheed to supply Australia with air battle management system [Yahoo! Finance]

Lockheed Martin Corporation (LMT) 
Last lockheed martin corporation earnings: 4/21 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The deal for JABMS, which will supply the command-and-control architecture for the country's future air defense, is valued at AUD $500 million, or about U.S. $320 million, Lockheed Martin Australia said April 24. Lockheed last year bested rival Northrop Grumman to lead Australia's closely related AIR6500-1 effort. The endeavors have together been likened to the U.S. military's vision of Combined Joint All-Domain Command and Control, or CJADC2, in which information and firepower flow seamlessly across land, air, sea, space and cyber. Achieving that milestone requires armed services that can easily talk to each other and weapons and ordnance that can be coordinated across vast distances. “AIR6500-1 will give Australia and our allies a greater level of connectivity and interoperability to counter current and future air and missile threats,” Warren McDonald, Lockheed's chief executive for Australia and New Zealand , said in a statement. “In a contested and fast-moving environment,” Show less Read more
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