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Artist's notional depiction of NGI in flight. Credit: Lockheed Martin.

Lockheed Martin Next Generation Interceptor Completes All Design Reviews At Accelerated Pace

August 7, 2023 /

Huntsville, Alabama, August 7, 2023 (PRNewswire) – Lockheed Martin (NYSE: LMT) successfully validated designs for all elements of the nation’s Next Generation Interceptor (NGI) with the U.S. Missile Defense Agency (MDA).

Through a series of successful and on-schedule Preliminary Design Reviews (PDRs) of all NGI major subsystems, the company demonstrated it has achieved design maturity and reduced risk for critical technologies. NGI is the future of the MDA’s Ground-Based Missile Defense (GMD) system to protect the U.S. homeland against intercontinental ballistic missile threats from rogue nations.

Lockheed Martin is demonstrating engineering work that has been performed in the integrated digital tool chain to drive faster decision making, enhance security, and enable rapid delivery and agility. This approach emphasizes affordability across the program lifecycle. Lockheed Martin’s NGI solution will increase warfighter capability, providing an improved defensive solution to address the complex battlespace now and in the future.

Lockheed Martin’s NGI program is on track for its next major review, the All Up Round PDR. During this next major review, MDA will assess if the program is ready to move forward in the acquisition process through Knowledge Point number one and ultimately on to the Critical Design Review. The first Lockheed Martin NGI is forecast for delivery to the warfighter as early as FY2027.

For additional information, visit our website: www.lockheedmartin.com.

Lockheed Martin to Acquire i3 Hypersonics Portfolio

October 11, 2020 /

– Acquisition Reinforces Lockheed Martin’s Commitment to Delivering Exceptional Systems to the Warfighter

Lockheed Martin [NYSE: LMT] today announced the signing of a definitive agreement to acquire a portion of Integration Innovation Inc. (i3), a software and systems engineering company based in Huntsville, Alabama. The portfolio alignment between i3 and Lockheed Martin provides the opportunity to design and deliver hypersonic-specific technology solutions that benefit the warfighter.

“Our customers require the most forward-thinking, advanced technology that anticipates and addresses their national security requirements. This business combination not only reinforces our commitment to their missions, but also expands our portfolio in a strategic way,” said Eric Scherff, vice president of Hypersonic Strike Programs at Lockheed Martin. “Combining i3’s talent and domain expertise with our shared vision for hypersonic strike will expand how we think about and deliver this critical capability to the warfighter across domains.”

i3’s hypersonic strike and defense business set offers strategic solutions to U.S. Government and commercial customers. Adding i3’s talent and expertise to the Lockheed Martin portfolio will expand capabilities for customers across several mission areas and national security needs, while also allowing for more integrated solutions.

“We’re proud to be a part of the Lockheed Martin family, as they are a technology authority and employ some of the best and brightest in the industry,” said Mike Wicks, CEO at i3. “We have invested much time and energy into developing strategic solutions at i3. And, we’re finding the need to synergize these offerings with Lockheed Martin is more timely than ever and unlocks the value to our joint customers.”

Subject to the satisfaction of customary closing conditions, the transaction is expected to close in approximately 30 days. Upon closing, i3’s Hypersonics portfolio will be managed by the corporation’s Space business area.

Boeing Partners with General Atomics & Aerojet Rocketdyne in Homeland Missile Defense Bid

September 27, 2020 /

Boeing [NYSE: BA] is teaming with General Atomics Electromagnetic Systems and Aerojet Rocketdyne [NYSE: AJRD] in its bid to build the Next Generation Interceptor (NGI) for the U.S. Missile Defense Agency (MDA). The NGI is a key element of the MDA’s missile defense system, which is designed to intercept and destroy incoming intercontinental ballistic missiles.

“The Boeing-led team will deliver critical technology to enhance our homeland missile defense,” said Norm Tew, Boeing Missile and Weapon Systems vice president and general manager, and Huntsville site senior executive. “Combined, we bring decades of expertise in proven missile and weapon systems.”

On Aug. 12, the Boeing-General Atomics-Aerojet Rocketdyne team submitted an NGI offering that will improve performance and enhance the nation’s ability to defend against future threats.

GA-EMS has a long history of delivering missile technology and complex systems for critical national defense programs. “This partnership combines our legacies in innovation, bringing together new ideas to create an affordable and reliable solution to defend against emerging threats,” said Scott Forney, president of GA-EMS.

Aerojet Rocketdyne’s propulsion systems have powered the nation’s missile defense for decades. “As the country’s premier hit-to-kill propulsion provider, we’re able to deliver low-cost, high-performance systems by leveraging our skilled workforce and strategic investments in innovative technology and materials,” said Eileen Drake, Aerojet Rocketdyne CEO and president.

Northrop Grumman will serve as a component supplier on the Boeing-led team.

A contract award is expected later this year.

Boeing Delivers Interceptor Proposal to U.S. Missile Defense Agency

August 12, 2020 /

Today, Boeing [NYSE: BA] submitted its offer to the U.S. Missile Defense Agency for the Next Generation Interceptor (NGI) competition, proposing a design that leverages the company’s more than 60-year track record and expertise in strategic missile and weapon systems.

“Boeing’s NGI proposal delivers unmatched performance, affordability and reliability for the nation and the warfighter,” said Norm Tew, Missile and Weapon Systems vice president and general manager, and Huntsville site senior executive. “Building upon our prior investments and proven technologies, our innovative proposal offers a creative, compelling and game-changing technical approach to outpace, out-innovate, deter and defeat rapidly evolving advanced threats.”

If selected, Boeing will utilize its proven capabilities along with a best-of-industry team to ensure its unique offering is delivered to the warfighter on time.

“Boeing is well-positioned to deliver innovative solutions that greatly expand this key missile defense capability, ever focused on supporting the warfighter,” said Tew. “We are leveraging our unparalleled mission knowledge to design, develop and deliver a low-risk, highly-effective solution for the MDA.”

The NGI will be used to maintain ready deterrence and ensure the continued protection of the U.S. homeland from intercontinental ballistic missiles. A contract award is expected later this year.

Aerojet Stock Rockets 21% On Strong Earnings

August 1, 2018 /

Shares of rocket maker Aerojet Rocketdyne Holdings Inc. rose 21.6 percent on Tuesday following the release of quarterly earnings for the defense contractor.

Aerojet’s (NYSE: AJRD) holding company is based in El Segundo, where it moved two years ago, but its main subsidiary is still based in Rancho Cordova, where the company has made and tested rockets since 1951.

Click the link below for the full story!

Aerojet Stock Rockets 21%

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