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October 25 Market Close: GovCon Index Ends 2-Week Stay Below 80; Lockheed Posts Best Day in 7 Years on Upbeat Guidance


Executive Mosaic’s GovCon Index closed above 80 points Tuesday for the first time in two weeks despite declines in the larger U.S. stock market after Lockheed Martin (NYSE: LMT) posted its best one-day advance in seven years surged on upbeat financial outlooks for this year and 2017 to lead all GCI gainers. GovCon Index …

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Lockheed Boosts Intl Sales Goal to 30% on F-35, Missile Defense Prospects


Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions …

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Lockheed’s Revised 2016 Outlook Post-Leidos Deal Tops Street Consensus

F35C launch on USS Nimitz

Lockheed Martin (NYSE: LMT) unveiled revised full-year earnings and revenue guidance that exceeded Wall Street’s expectations Monday in the defense contractor’s first financial statement since the Aug. 16 spinout and merger of its former government services segment into Leidos Holdings (NYSE: LDOS). GovCon Index– and S&P 500-listed Lockheed sees earnings of $12.10 per share and $46.5 billion in revenue for …

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Lockheed Vet Erich Sanchack to Join CenturyLink as Federal Sales SVP

Erich Sanchack

Erich Sanchack, formerly vice president of competitive enhancements at Lockheed Martin (NYSE: LMT), has been named senior VP of federal sales at CenturyLink (NYSE: CTL) in a move that takes effect Nov. 1. CenturyLink said Tuesday he will succeed Tim Meehan, who will transition to a new role as VP of managed services sales and support at the Louisiana-based communications firm. …

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UTC Vet Paul Lundstrom to Join Aerojet Rocketdyne as CFO, Finance VP; Eileen Drake Comments

Paul Lundstrom

Paul Lundstrom, formerly vice president of investor relations at United Technologies Corp. (NYSE: UTX), has been appointed chief financial officer and vice president of finance at Aerojet Rocketdyne (NYSE: AJRD). Lundstrom will succeed the departing CFO Kathy Redd on Nov. 7 and will report directly to President and CEO Eileen Drake …

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Army Kicks Off $6B HR Support Contract Bids


The Army Contracting Command has issued a request for proposals on a potential 10-year, $6.09 billion contract vehicle for personnel life cycle support services to the U.S. Army, the Defense Department and other federal agencies. The multiple-award, indefinite-delivery/indefinite-quantity contract will have a one five-year base period of performance and five 12-month …

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Boeing to Provide Navy More F/A-18 Spare Parts Under $197M Delivery Order

Boeing F-18 Super Hornet

The Defense Logistics Agency has awarded Boeing (NYSE: BA) a $196.7 million delivery order to supply the U.S. Navy with additional F/A-18 Hornet spare parts. The Defense Department said Monday it expects Boeing to fulfill the order by Dec. 30, 2019 and the purchase will be financed with the Navy’s working capital funds …

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NCI Lands $87M Recompete Award for CMS Error Rate Testing Program Support

NCI Inc.

NCI (Nasdaq: NCIT) has secured a potential five-year, $87 million contract to continue to support a technology platform the Centers for Medicare and Medicaid Services uses to track, review and report claims data under the Medicare Fee-For-Service program. The company said Monday the contract, won through a recompete, contains one base year plus four option years and …

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FBI Vet James Trainor Named Cyber Solutions Group SVP at Aon Risk Solutions

James Trainor

James Trainor, formerly assistant director of the cyber division at the FBI, has joined Aon’s (NYSE: AON) risk solutions business as senior vice president of cyber solutions group. Aon said Monday Trainor will work through Aon Risk Solutions’ office in New York and help the company establish a cyber strategy …

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Former Rolls-Royce Exec Jason Smith Joins Inmarsat as COO

Jason Smith

Jason Smith, former president of Rolls-Royce‘s nuclear business, has been named chief operations officer at Inmarsat. He succeeds Ruy Pinto, who vacated his post at Inmarsat to “pursue new interests,” the  satellite communications services provider said Monday. Inmarsat CEO Rupert Pearce said Smith’s appointment builds on the company’s mission to give customers and partners …

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