November 15, 2019 | International, C4ISR
MOORESTOWN, N.J., Nov.14, 2019 /PRNewswire/ -- The world's latest generation solid-state radar technology, formerly known as Lockheed Martin's (NYSE: LMT) Solid State Radar (LM SSR), has been designated as AN/SPY-7(V)1 by the United States government. The designation of AN/SPY-7(V)1 is a direct reflection of the maturity and capability of Lockheed Martin's solid-state radar technology.
The Japanese Ministry of Defense selected AN/SPY-7(V)1 for two planned Aegis Ashore installations in 2018. Additionally, variants of AN/SPY-7(V)1 will be used by the Royal Canadian Navy for the Canadian Surface Combatant program and the Spanish Navy for the upcoming F-110 frigate program.
"Lockheed Martin's solid state solution meets the mission now and is flexible to adapt to the evolving threats of the future," said Paul Lemmo, vice president and general manager at Lockheed Martin. "This new designation solidifies our ability to provide the most technically advanced capabilities our warfighters require."
AN/SPY-7(V)1 is a modular and scalable solid state radar, allowing for continuous surveillance and protection. It will be fully integrated with the Aegis Combat System, providing advanced technology for future ship classes.
With 50 years of constant evolution and innovation, Lockheed Martin has a trusted history of producing, integrating and delivering radars and combat systems. Lockheed Martin and the Aegis Combat System continue to keep pace with evolving integrated air and missile threats, introducing new capabilities to create the latest generation of advanced solid state technologies, integrated with the Aegis system, to provide world-class defense and ensure future safety and security.
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
February 29, 2024 | International, Land
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December 9, 2020 | International, C4ISR, Security
WASHINGTON — Northrop Grumman has struck a $3.4 billion deal to sell its federal IT and mission support business to Veritas Capital. The agreement, announced Dec. 7, is expected to close by June 2021. At that point, Veritas plans to incorporate the Northrop business units with Peraton, a Veritas subsidiary that supports government customers and specializes in technology products for the space, defense and intelligence markets. Northrop is expected to generate $2.3 billion in revenue, which will be funneled into share repurchases and debt retirement, the company said in a news release. “This divesture allows us to drive value and reflects our strategy of focus on growing core businesses where technology and innovation are the key differentiators,” said Kathy Warden, Northrop's CEO and president. “We expect to create compelling value to our shareholders through this transaction and execution of our capital allocation strategy.” Reports of the sale first surfaced in October. Byron Callan, an analyst with Capital Alpha Partners, said that the sale shows there is still isn't consensus within the defense industry on how to organize IT and services businesses alongside more traditional hardware business units for products like aircraft, vehicles or other weapons. Callan pointed to Lockheed Martin's sale of its information and global services business to Leidos in 2016; L-3′s sale of its IT solutions division to CACI in 2015; and Harris' sale of its IT business to Veritas in 2017, which later became Peraton. However, other major companies have acquired government IT companies, such as General Dynamics's purchase of CSRA in 2018. “We have believed that as DoD spending flattens in the 2020s, primes could seek to jettison ‘non-core' businesses that will still be profitable, but face declining sales or more intense competition,” Callan wrote in an email to investors. https://www.c4isrnet.com/industry/2020/12/08/northrop-sells-it-business-to-veritas-capital-for-34b/
January 18, 2024 | International, Aerospace, C4ISR
“If I’m flying around in my fighter,” Col. Tucker Hamilton said, “I can imagine a world where I have multiple drones able to conduct some missions.”