The U.S. Army has awarded Lockheed Martin’s missiles and fire control business a potential $1.73 billion contract modification to provide the service branch with the Modernized Target ...

The contract modification, to NNS and teaming partner General Dynamics Electric Boat, authorizes construction of the 11 th and 12 th fast-attack submarines of the Block V contract.

The US Navy (USN) awarded contract modifications with a potential cumulative contract-change value of USD18.4 billion to acquire an additional two Virginia-class submarines, Naval Sea Systems ...

Dublin, Feb. 25, 2025 (GLOBE NEWSWIRE) -- The "Revenue Recognition CPE Update: Evolving Issues 2025" conference has been added to ResearchAndMarkets.com's offering. Get your annual revenue ...

Dublin, Feb. 25, 2025 (GLOBE NEWSWIRE) -- The "Revenue Recognition CPE Update: Evolving Issues 2025" conference has been added to ResearchAndMarkets.com's offering. Get your annual revenue recognition ...

Lockheed Martin has secured a U.S. Navy contract modification worth approximately $3.36 billion to provide F-35 logistics support services for domestic and international military customers. The ...

ASC 606 and IFRS 15 introduced several major changes to revenue recognition practices. These include the requirement to assess contracts for collectability, consider variable consideration and ...

Lockheed Martin secures $606.8M Navy contract modification. Aug. 24, 2023 1:03 AM ET Lockheed Martin Corporation (LMT) Stock By: Meghavi Singh, SA News Editor. Cunaplus_M.Faba.

The changes, FASB Chair Richard Jones says, “will align the accounting for these acquired contracts … and will provide more comparable information to … financial statement users seeking to better ...

The specific accounting principles and policies in the first tier included ASC 606, which was a new standard for determining how and when a company treats revenue from long-term customer contracts.