Latest news with #LockheedMartin
Business Insider
2 hours ago
- Business
- Business Insider
Lockheed Martin (LMT) and IBM Show the Real-World Potential of Quantum Computing
Aerospace company Lockheed Martin (LMT) and tech firm IBM (IBM) recently used a new quantum method called sample-based quantum diagonalization (SQD) to simulate the molecule methylene (CH₂), making it the first time SQD has been used on an open-shell molecule. This is a big step forward because SQD could give quantum computers an advantage over classical computers for solving tough chemistry problems, especially those involving complex electron behavior that traditional methods struggle to handle. Confident Investing Starts Here: In their study, the scientists modeled the singlet and triplet electronic states of CH₂, which is important in things like combustion and atmospheric science. They ran the simulations on IBM's 52-qubit quantum processor by using a hybrid setup that combines quantum and classical computing, and each test used up to 3,000 two-qubit gates. Interestingly, the SQD results were very accurate and closely matched what was expected from classical benchmarks known as Selected Configuration Interaction (SCI), especially in measuring bond energies and energy gaps between states. It is worth noting that open-shell molecules like CH₂ are hard to study with classical computers because their unpaired electrons lead to complex interactions that require a lot of computing power. The SQD method helps by avoiding the need to fully rebuild the molecule's wavefunction. Instead, it samples key values and uses quantum properties like electron entanglement to simplify the work. This successful test shows that quantum computing can be used for real chemical problems and could lead to better models for combustion reactions, chemical sensors, and new aerospace materials. What Is the Target Price for IBM? Turning to Wall Street, analysts have a Moderate Buy consensus rating on IBM stock based on eight Buys, five Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average IBM price target of $260.62 per share implies 0.9% upside potential.
Business Insider
2 hours ago
- Automotive
- Business Insider
Lockheed Martin-built GPS III satellite launches into orbit
Lockheed Martin (LMT) announced the eighth GPS III space vehicle, designed and built by the company, successfully launched from Cape Canaveral Space Force Station, Florida, at 1:37 p.m. EDT. GPS III SV08 executed an accelerated launch call-up in just over three months. The company stated these GPS III satellites provide accurate and resilient positioning, navigation, and timing capabilities for civilian and military users. GPS III SV08 is now under operational control at Lockheed Martin's Denver Launch & Checkout Operations Center. Confident Investing Starts Here:
Business Insider
3 hours ago
- Business
- Business Insider
Lockheed Martin awarded $1.0B U.S. Navy contract modification
Lockheed Martin (LMT) Space is being awarded a cost-plus-incentive-fee and cost-plus-fixed-fee unpriced letter contract modification with a not-to-exceed amount of $1,002,700,000 under an existing contract. This effort will support program management, engineering development, systems integration, long lead material, and special tooling and equipment in support of missile and launching platform production for Conventional Prompt Strike. Confident Investing Starts Here:
Associated Press
8 hours ago
- Business
- Associated Press
Another Lockheed Martin-Built GPS III Satellite Lifts Off into Orbit
CAPE CANAVERAL SPACE FORCE STATION, Fla., May 30, 2025 /PRNewswire/ -- At 1:37 p.m. EDT today, the eighth GPS III space vehicle—designed and built by Lockheed Martin (NYSE: LMT) —successfully launched from Cape Canaveral Space Force Station, Florida. It achieved signal acquisition shortly thereafter. Similar to its rapid response predecessor in December 2024, GPS III SV08 executed an accelerated launch call-up, shipping from its cleanroom in Colorado and undergoing launch preparations in Florida in just over three months, compared to the typical timeframe of several months. 'Our team is thrilled to support another launch of a critical GPS satellite, just five months since the last liftoff,' said Malik Musawwir, vice president of Navigation Systems for Lockheed Martin Space. 'This demonstrates Lockheed Martin's ability to rapidly launch and deploy national security space assets, and we look forward to putting the next two GPS III satellites on orbit to further enhance this critical constellation.' These GPS III satellites will play a vital role in providing accurate and resilient positioning, navigation and timing (PNT) capabilities to both civilian and military users, enabling critical applications such as aviation, maritime, and land transportation, plus search and rescue operations. For military users, the advanced security features and anti-jamming capabilities of GPS III – and the follow-on GPS IIIF – satellites are particularly crucial, as they will ensure uninterrupted access to precise navigation and timing data, even in contested or denied environments, thereby supporting national security and defense operations. SV08 is now under operational control at Lockheed Martin's Denver Launch & Checkout Operations Center until its official acceptance into the current operational GPS network. Ground Operations for Space Security In addition to building the spacecraft at its Littleton, Colorado facility, and providing early on-orbit operations, Lockheed Martin plays a major role in the continuation and maintenance of the modernized GPS ground segment—also known as the Architecture Evolution Plan. This architecture is core to operating the 31 active GPS satellites on orbit, enabling them to provide life-changing PNT capabilities that our modern world relies. The ground segment underpinned by Lockheed Martin is responsible for monitoring and controlling the GPS satellite constellation, as well as providing navigation data to its users. It consists of a network of monitoring stations, master control stations, and ground antennas located around the world. Most recently, Lockheed Martin has further enhanced GPS' ground segment by incorporating M-Code Early Use into the system, which allows for worldwide use of a specialized, secure military communications signal by American and allied troops. Once declared operational, GPS III SV08 will be the eighth GPS III satellite in space with boosted M-code, strengthening navigation, precision and anti-jamming for critical military operations. Lockheed Martin was also recently awarded a contract modification for two additional future GPS IIIF satellites to further enhance the constellation. About Lockheed Martin Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at View original content to download multimedia: SOURCE Lockheed Martin
Yahoo
9 hours ago
- Business
- Yahoo
Another Lockheed Martin-Built GPS III Satellite Lifts Off into Orbit
CAPE CANAVERAL SPACE FORCE STATION, Fla., May 30, 2025 /PRNewswire/ -- At 1:37 p.m. EDT today, the eighth GPS III space vehicle—designed and built by Lockheed Martin (NYSE: LMT) —successfully launched from Cape Canaveral Space Force Station, Florida. It achieved signal acquisition shortly thereafter. Similar to its rapid response predecessor in December 2024, GPS III SV08 executed an accelerated launch call-up, shipping from its cleanroom in Colorado and undergoing launch preparations in Florida in just over three months, compared to the typical timeframe of several months. "Our team is thrilled to support another launch of a critical GPS satellite, just five months since the last liftoff," said Malik Musawwir, vice president of Navigation Systems for Lockheed Martin Space. "This demonstrates Lockheed Martin's ability to rapidly launch and deploy national security space assets, and we look forward to putting the next two GPS III satellites on orbit to further enhance this critical constellation." These GPS III satellites will play a vital role in providing accurate and resilient positioning, navigation and timing (PNT) capabilities to both civilian and military users, enabling critical applications such as aviation, maritime, and land transportation, plus search and rescue operations. For military users, the advanced security features and anti-jamming capabilities of GPS III – and the follow-on GPS IIIF – satellites are particularly crucial, as they will ensure uninterrupted access to precise navigation and timing data, even in contested or denied environments, thereby supporting national security and defense operations. SV08 is now under operational control at Lockheed Martin's Denver Launch & Checkout Operations Center until its official acceptance into the current operational GPS network. Ground Operations for Space SecurityIn addition to building the spacecraft at its Littleton, Colorado facility, and providing early on-orbit operations, Lockheed Martin plays a major role in the continuation and maintenance of the modernized GPS ground segment—also known as the Architecture Evolution Plan. This architecture is core to operating the 31 active GPS satellites on orbit, enabling them to provide life-changing PNT capabilities that our modern world relies. The ground segment underpinned by Lockheed Martin is responsible for monitoring and controlling the GPS satellite constellation, as well as providing navigation data to its users. It consists of a network of monitoring stations, master control stations, and ground antennas located around the world. Most recently, Lockheed Martin has further enhanced GPS' ground segment by incorporating M-Code Early Use into the system, which allows for worldwide use of a specialized, secure military communications signal by American and allied troops. Once declared operational, GPS III SV08 will be the eighth GPS III satellite in space with boosted M-code, strengthening navigation, precision and anti-jamming for critical military operations. Lockheed Martin was also recently awarded a contract modification for two additional future GPS IIIF satellites to further enhance the constellation. About Lockheed MartinLockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at View original content to download multimedia: SOURCE Lockheed Martin
