The Pentagon has awarded a $1.6 billion contract to Lockheed Martin for more mobile radar systems that will be assembled at one of the company's New York plants.
OWEGO, N.Y. (AP) — Lockheed Martin has inked contracts with the U.S. Navy worth nearly $66 million to produce radar units at an upstate New York plant.
Lockheed Martin is offering voluntary layoffs to workers throughout the system, including in Owego, before it puts out pink slips to meet its staff reduction target.
Lockheed Martin is now an even larger force in the global market for military aircraft.
The company, that operates a plant in Owego, yesterday announced its deal to acquire Sikorsky Aircraft is complete.
Under the $9 billion acquisition, Sikorsky Aircraft is being re-branded as “Sikorsky, a Lockheed Martin Company...
Lockheed Martin, Tioga County's biggest employer, has announced it intends to acquire Sikorsky Aircraft for $9 billion in cash.
Lockheed has competed for business with Sikorsky and worked with the Connecticut-based company on many military helicopter programs for years...
The Lockheed Martin plant near Syracuse won't be getting a U.S. Navy contract worth up to $267 million after losing out in a competition with rival Northrup Grumman.