U.S. Army Awards BAE Systems $318 Million for Next Generation M88A3 Recovery Vehicle

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  February 18, 2019 | International, Aerospace

  University Of Central Florida Opens Its Doors To The Lockheed Martin Cyber Innovation Lab

  ORLANDO, Fla., Feb. 15, 2019 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) and the University of Central Florida (UCF) celebrated the grand opening of a new Cyber Innovation Lab on UCF's campus that will help meet the growing local and national need for cybersecurity talent. The lab's opening was celebrated with a ribbon cutting, a demonstration by UCF's Collegiate Cyber Defense Club (Hack@UCF) and a panel discussion with U.S. military and Lockheed Martin cyber experts about technology trends and how students can prepare for a career in the growing field. UCF-Photo "This lab will serve as the campus' primary hub for students to develop and expand their information security skills, preparing them to enter this high demand field and take on the cyber security threats of the future," said UCF President Dale Whittaker. "We are grateful for Lockheed Martin's longtime partnership and strong commitment to our students' success." The National Institute of Standards and Technology estimates there are more than 13,000 unfilled cybersecurity jobs in Floridaalone. That trend will continue, as the U.S. Bureau of Labor Statistics predicts jobs for information security analysts will grow 28 percent by 2026. "The future battlespace will be heavily reliant on cyber... even more so than we're seeing today," said Stephanie C. Hill, deputy executive vice president of Lockheed Martin Rotary and Mission Systems. "By working with institutions like UCF, through labs like this one, we'll all better understand and accelerate our shared capabilities and potential to adapt and innovate in the fifth domain." In 2018, Lockheed Martin donated $1.5 million to UCF to help create the Cyber Innovation Lab and encourage the next-generation of science, technology, engineering and math (STEM) talent to collaborate and solve today's challenging cyber problems. The company's donation will fund software and technology support to the lab, and employees will also provide cyber training and professional mentoring to engineering students. "Having a centralized space will streamline the way we organize our meetings and practices," said Hack@UCF President David Maria, a senior studying computer engineering. "With this lab, we can practice for competitions, host workshops and speakers, provide cyber security tools and resources, and give our student members a sense of community and help get them ready for future careers. It's not just a practice space. It's a home for us." The 970-square-foot lab is located in UCF's Engineering I building and will serve as a learning hub for the more than 350 students participating in cyber programs at UCF. Hack@UCF, a four-time national champion in competitions like the Collegiate Cyber Defense Competition and the U.S. Department of Energy CyberForce Competition, will also use the lab as its primary practice center. In Orlando, Lockheed Martin employs approximately 2,500 UCF graduates, with plans to expand its cyber workforce. The company's local Cyber Solutions business grew 400 percent over the past five years and expects that growth to continue as the nation seeks offensive and defensive cyber security capabilities to address the evolving cyber threats. To learn more about cyber at Lockheed Martin, visit www.lockheedmartin.com/cyber. About the University of Central Florida Founded in 1963 with a commitment to expanding opportunity and demanding excellence, the University of Central Florida develops the talent needed to advance the prosperity and welfare of our society. With more than 68,000 students, UCF is one of the nation's largest universities, offering more than 200 degree programs at its main campus in Orlando, medical school, and more than a dozen other locations in Central Florida and online. UCF was ranked by U.S. News & World Report among the nation's top 10 most innovative universities and rated by Kiplinger and Forbes as one of the best college values in America. For more information, visit ucf.edu. About Lockheed Martin Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. SOURCE Lockheed Martin https://news.lockheedmartin.com/2019-02-15-University-of-Central-Florida-Opens-Its-Doors-to-the-Lockheed-Martin-Cyber-Innovation-Lab

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  March 24, 2020 | International, Aerospace, Naval, Land, C4ISR, Security

  Pentagon loosens cash flow for industry, more measures likely coming

  By: Aaron Mehta WASHINGTON — The Pentagon has opened up cash flow for the defense industry, the latest in a series of moves from the department to combat economic damage brought about by the new coronavirus pandemic. In a memo released Sunday, the department announced that progress payment rates for defense items under contract will increase from 80 percent of cost to 90 percent for large businesses, and from 90 percent to 95 percent for small businesses. The move will allow industry to receive more cash up front than under normal circumstances. The order was signed by Kim Herrington, acting principal director for defense pricing and contracting at the Department of Defense. In a statement, spokesman Lt. Col. Mike Andrews called the move “an important avenue where industry cash flow can be improved." The Defense Contracting Management Agency “will work on mass modifications to contracts where applicable (vs one by one) using DCMA authorities,” Andrews said. “In addition, the Department is accelerating payments through several means to prime contracts and directing prime contracts to expedite payments to subcontractors.” The increase in cash flow was sought by both industry and supporters in Congress. An increase in early payments was one of the requests made by the Maine delegation to Defense Secretary Mark Esper last week. The Pentagon plans to return to normal operations once the national emergency caused by COVID-19 has passed. Notably, the announcement of the move included a warning that “it is especially important to understand that during this crisis the [defense-industrial base] is vulnerable to adversarial capital, we need to ensure companies stay in business without losing their technology.” Over the last two years the department has focused on ensuring Chinese investment is limited in the defense-industrial base. The move comes after the DoD issued guidance to industry that defense contractors are considered “critical infrastructure” under a Department of Homeland Security definition, which should allow contractors to continue to work even if local governments issue orders to freeze work, as has happened in New York and San Francisco. However, that guidance was advisory in nature and does not have the full legal authority that industry leadership had sought, per a Friday letter to Esper from the Aerospace Industry Association. “Recent DHS and USD (A&S) memoranda have been helpful on a case-by-case basis, but they are advisory in nature and not legally binding; to establish stability for our operations across the nation, the federal government should legally establish national security programs and our workforce as essential,” read the letter, signed by AIA head Eric Fanning; Northrop Grumman CEO Kathy Warden; and Kelly Ortberg, special adviser to the Office of the CEO of United Technologies. In an investors note, analyst Roman Schweizer of Cowen noted: “These new policies provide clarity on issues companies have been concerned about, but we do not think they alleviate all of industry's concerns nor do they eliminate all the disruption. But they are positive signs that DoD will help mitigate reasonable impact.” More efforts are likely to emerge in the coming days, including new measures from the Small Business Administration and its small business emergency loan program to help protect small key defense suppliers who are particularly vulnerable at this time. Major defense industry partners are also seeking relief in fulfilling contract milestones that could be impacted by the outbreak. “We encourage DoD to publish regulatory authority requiring contracting officers to consider financial relief as part of requests for equitable adjustments for measures we take in response to COVID-19,” the AIA letter read. “This includes relief related to bans, closures, quarantines and other travel restrictions, the loss of public infrastructure and public transportation, restricted access to resources and tools, and other public safety restrictions.” On Friday, the Acquisition and Sustainment division of the Small Business Office reached out to the defense industry's small businesses and is working with the Small Business Administration and its small business emergency loan program to help protect these companies. https://www.defensenews.com/coronavirus/2020/03/23/pentagon-loosens-cash-flow-for-industry-more-measures-likely-coming/

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  January 26, 2022 | International, Aerospace, Naval, Land, C4ISR, Security

  Podcast: Sizing Up the U.S. Defense Industrial Base