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Sikorsky, a Lockheed Martin company, was awarded a $656.77M modification to a contract for UH-60M aircraft. Work will be performed in Stratford, Connecticut, with an estimated completion date of June 30, 2027. FY10 Foreign Military Sales funds in the amount of $656.77M were obligated at the time of the award. U.S. Army Contracting Command is the contracting activity.

Machina Labs announced the completion of an investment by Lockheed Martin Ventures, or LMV, the venture arm of Lockheed Martin. Machina Labs combines AI and robotics to rapidly manufacture advanced sheet metal products. This latest funding brings the total raised by Machina Labs to $21.8M. The investment will be used to accelerate company growth to meet customer demand, and to expand R&D into additional processes and metallurgical offerings.

Textron was awarded a $113.11M firm-fixed-price contract to provide for the production and delivery of 10 Multi-Engine Training System aircraft, initial spares, peculiar support equipment, instructor pilot training, and maintenance personnel training to provide intermediate and advanced training for accession into P-8, EP-3, KC-130, E-6, E-2, CMV-22 and MV-22 aircraft in support of the mission of Chief Naval Air Training for the Navy. Work is expected to be completed in June 2024. Fiscal 2023 aircraft procurement funds in the amount of $113.11M will be obligated at the time if award, none of which will expire at the end of the current fiscal year. This contract was competitively procured via an electronic request for proposal; one offer was received. The Naval Air Systems Command is the contracting activity.

Lockheed Martin (LMT) and SAP (NSAP) expanded their strategic relationship to transform the mission-critical business systems that power Lockheed Martin's OneLM Transformation Program - 1LMX -. 1LMX is the business and digital transformation effort that aims to enhance the speed, agility, insights and competitiveness of Lockheed Martin by leveraging data as a strategic asset, enabling a model-based enterprise that spans the full product value chain, and streamlining systems and processes. Lockheed Martin is leveraging the RISE with SAP solution to expand its enterprise cloud capabilities and introduce the tools needed to implement core business processes in managed FedRAMP-compliant cloud environments through the 1LMX initiative. In addition, SAP Business Technology Platform will provide Lockheed Martin with an innovation platform on which to develop emerging technologies.