Business

August 6, 2012

Lockheed Martin launches innovation contest

Lockheed Martin Corporation announced Aug. 6 a worldwide innovation contest with cash awards totaling $50,000.

The “Innovate the Future” contest creates a global forum for interested participants to share their ideas on how innovation can enable a more secure future for the planet. Participants are invited to submit their thoughts on a range of topics facing the world community, including the need for sustainable energy, cyber security, and healthcare.

“Lockheed Martin has 100-year legacy of discovery, innovation, and breakthroughs that have made lasting impacts on society, from human’s first attempts at flight, to systems for controlling the world’s air traffic, to our earliest exploration of space,” said Dr. Ray O. Johnson, senior vice president and chief technology officer of Lockheed Martin.

“An important lesson from this legacy is that good ideas can come from anywhere. Through this contest, we are creating an online environment that helps people with diverse backgrounds and experiences share their ideas,” continued Johnson.

To enter the contest, participants must complete a brief submission online from August 6 to September 30, 2012. Up to five ideas will be selected for cash awards by a committee comprised of Lockheed Martin employees and at least one independent third party.

There will be up to one $25,000 grand prize, one $10,000 second place prize, and three $5,000 third place prizes. The grand prize winner will also receive an incubation contract with the Maryland Technology Enterprise Institute at the University of Maryland to help validate and develop the idea.

Lockheed Martin is currently commemorating its Centennial anniversary and the company’s history of innovation. For more information, including stories of innovation, please visit: www.lockheedmartin.com/100years.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines September 2, 2014

News: Debris yields clues that pilot never ejected - When investigators were finally able to safely enter the crash site of an F-15C “Eagle” fighter jet on the afternoon of Aug. 27, they made a grim discovery that concluded more than 30 hours of searching – the pilot never managed to eject from the aircraft.  ...
 
 

News Briefs September 2, 2014

Pentagon: Iraq operations cost $560 million so far U.S. military operations in Iraq, including airstrikes and surveillance flights, have cost about $560 million since mid-June, the Pentagon said Aug. 29. Rear Adm. John Kirby, the Pentagon press secretary, said the average daily cost has been $7.5 million. He said it began at a much lower...
 
 

Unmanned aircraft partnership reaches major milestone

A team of research students and staff from Warsaw University of Technology have successfully demonstrated the first phase of flight test and integration of unmanned aircraft platforms with an autonomous mission control system. The demonstration marks a significant milestone in a partnership between the university and Lockheed Martin that began earlier this year. This is...
 

 

Raytheon delivers first Block 2 Rolling Airframe Missiles to US Navy

Raytheon delivered the first Block 2 variant of its Rolling Airframe Missile system to the U.S. Navy as part of the company’s 2012 Low Rate Initial Production contract. RAM Block 2 is a significant performance upgrade featuring enhanced kinematics, an evolved radio frequency receiver, and an improved control system. “As today’s threats continue to evolve,...
 
 
Courtesy photograph

Two Vietnam War Soldiers, one from Civil War to receive Medal of Honor

U.S. Army graphic Retired Command Sgt. Maj. Bennie G. Adkins and former Spc. 4 Donald P. Sloat will receive the Medal of Honor for actions in Vietnam. The White House announced Aug. 26 that Retired Command Sgt. Maj. Bennie G. A...
 
 

Sparks fly as NASA pushes limits of 3-D printing technology

NASA has successfully tested the most complex rocket engine parts ever designed by the agency and printed with additive manufacturing, or 3-D printing, on a test stand at NASA’s Marshall Space Flight Center in Huntsville, Ala. NASA engineers pushed the limits of technology by designing a rocket engine injector – a highly complex part that...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>