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Tag Archives: Boeing

Weekly Roundup July 18 – July 22 2016: 2Q Earnings Season to Hit High Gear & more

budget-analysis-review

July 18 – July 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson    As is the custom of recent times, Lockheed Martin started a new earnings season for GovCon companies Tuesday with a boost to its full-year guidance and second quarter financial …

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Boeing to Supply F-15C/E Simulation Tech for USAF Pilots, Weapon System Operators

boeing logo

TYSONS CORNER, VA, July 22, 2016 — Boeing (NYSE: BA) has received a $27.1 million contract from the U.S. Air Force to provide simulation equipment and support services for the service branch’s mission training center, ExecutiveBiz reported Thursday. The Defense Department said Wednesday the contract covers simulators for training pilots and weapon …

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Boeing to Issue $2.05B Charge, $393M KC-46 Writedown in 2Q Earnings

KC46A

Boeing (NYSE: BA) will take $2.05 billion in total after-tax charges on second quarter earnings that include a $393 million writedown on the KC-46 refueling tanker for the Air Force when the airplane manufacturer reports April-June results Wednesday. The company said Thursday the charges amount to $3.23 in earnings per share with 63 …

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Bell Boeing to Build 4 Osprey Tiltrotors for Japan Under $545M Navy Contract Modification

V-22-Osprey

A joint venture of Boeing (NYSE: BA) and Bell Helicopter has received a four-year, $544.6 million contract modification from the U.S. Navy to manufacture and deliver four MV-22 Osprey multirole tiltrotor aircraft to Japan under the foreign military sales program. The Bell-Boeing Joint Program Office will also obtain long-lead materials needed …

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Navy Awards Boeing $100M Contract Modification to Support Australia P-8A Patrol Aircraft Production

Boeing P-8A Poseidon

Boeing (NYSE:BA) has secured a $100.4 million contract modification from the U.S. Navy to provide long-lead parts and support services for the production of four Lot 8 P-8A maritime patrol aircraft for Australia. The Defense Department said Tuesday the contract falls under a cooperative engagement agreement and work is scheduled to occur through June 2017 in Washington, …

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July 19 Market Close: GovCon Index Flat, Lockheed Gains on 2Q Beat Despite F-35 & Profit Caution

GovConIndexUP

Executive Mosaic’s GovCon Index scored a gain in choppy trade Tuesday on help from defense prime stocks such as Lockheed Martin (NYSE: LMT), which posted second quarter earnings and sales above analyst expectations but issued some caution to analysts on future earnings and the F-35 program. The GovCon Index closed up …

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Lockheed Boosts Full-Year Guidance on 2Q Earnings, Revenue Beats

F35C launch on USS Nimitz

Lockheed Martin (NYSE: LMT) lifted full-year earnings and revenue guidance Tuesday and exceeded analysts’ second quarter estimates for both figures on sales from the Sikorsky helicopter business acquired in November as negotiations between the company and U.S. government continue on the next two F-35 fighter jet batches. Bethesda, Maryland-based Lockheed said it now expects 2016 …

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NASA Taps 5 Companies to Develop Mars Orbiter Concepts

NASA Mars exploration program

NASA has awarded separate contracts to five companies to perform concept studies for a future Mars orbiter mission as part of efforts to develop telecommunications and global high-resolution imaging tools to support the space agency’s exploration of the Red Planet. The agency said Monday its Jet Propulsion Laboratory will manage four-month concept studies by Boeing (NYSE: BA), Lockheed …

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July 18 Market Close: GovCon Index Slightly Down Ahead of Lockheed 2Q Earnings Report

GovConIndexDOWN

Executive Mosaic’s GovCon Index traded lower Monday and the U.S. stock bellwether S&P 500 composite index closed at a new all-time record as investors mulled new second quarter earnings reports as many GCI companies prepare to state their April-June results. The GovCon Index closed down 0.233 points to 81.586 with four of the GCI’s …

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Boeing Gets $127M Contract Modification to Continue Risk Reduction Support for Future Presidential Aircraft

Air Force One

Boeing (NYSE: BA) has secured a potential $127.3 million contract modification to continue to perform risk reduction efforts for the U.S. Air Force’s Presidential Aircraft Recapitalization program. The Air Force said Friday it issued the contract modification in order to determine how to procure, build, test and modify Boeing’s 747-8 commercial aircraft …

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