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Tag Archives: F-35

August 24 Market Close: GovCon Index Down on McKesson Decline as Health Losses Weigh on US Markets

GovConIndexDOWN

Executive Mosaic’s GovCon Index traded lower Wednesday with McKesson Corp. (NYSE: MCK) the worst net performer at more than double the decline of second-lowest Lockheed Martin (NYSE: LMT) as losses in healthcare shares dragged U.S. stocks into negative territory. General Dynamics was the only GovCon Index-S&P 500 company to record a gain, while McKesson was …

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August 23 Market Close: GovCon Index Held Down By Large Primes Against US Stock Gains

GovConIndexDOWN

Executive Mosaic’s GovCon Index traded lower against across-the-board gains by U.S. stocks Tuesday as declines by large prime defense contractors weighed on the GCI. GovCon Index gainers edged laggers but only four of the GCI’s 11 S&P 500-listed stocks closed green as Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) ended as the …

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MBDA to Provide Infrared Guided Missiles for UK’s F-35s Under Estimated $239M Contract

F-35

MBDA has received an estimated $239 million contract from the U.K. defense ministry to provide infrared air-to-air missiles for the country’s F-35 Lightning II fighter jet fleet. The Advanced Short Range Air-to-Air Missile will be the first missile from a U.K. company that will integrate with the Lockheed Martin-built (NYSE: LMT) F-35, MBDA said Tuesday. ASRAAM’s …

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Pratt & Whitney Lands Navy Contract Modification for F-35 Support Equipment, Depot Activation Services

F-35

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a three-year, $151.7 contract modification from the U.S. Navy to provide a range of F-35 Lightning II aircraft supplies and services. The Defense Department said Wednesday the modification covers initial spare modules, engine system trainers, support equipment and depot activation services and supplies …

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Lockheed Receives $102M Navy Delivery Order for F-35 Software Data Loads

F-35

Lockheed Martin (NYSE: LMT) has received a $101.9 delivery order from the U.S. Navy to produce F-35 aircraft software data loads in support of verification and validation testing efforts at the military branch’s F-35 Reprogramming Center West. The company will also provide technical support to help the service branch design, test and …

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Lockheed-Built F-35A Achieves Initial Operational Capability

F-35

TYSONS CORNER, VA, Aug. 4, 2016 — The Lockheed Martin-built F-35A has reached initial operational capability after completing system tests and meeting requirements set by the U.S. Air Force, Executive Gov reported Wednesday. The Air Force said Tuesday Gen. Hawk Carlisle, commander of the Air Combat Command, declared the F-35A “combat ready” alongside …

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Lockheed’s F-35 Performs 1st Air-to-Air Kill Test Against Drone

F35

TYSONS CORNER, VA, Aug. 3, 2016 — Lockheed Martin (NYSE: LMT) and the U.S. Air Force have concluded the first live air-to-air kill test of the company’s F-35 fighter jet against a drone over a military test range near California, ExecutiveBiz reported Tuesday. The F-35 Joint Program Office said Monday the F-35 fired an AIM-9X missile …

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Weekly Roundup July 25 – July 29 2016: Defense Tech Makers Show Life in 2Q Earnings & more

PatriotMissile

July 25 – July 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson A new earnings season continued to dominate investors’ attention spans this week and those with keen interests in the aerospace, defense and government contracting sectors were no exception. Eleven contractors …

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Boeing Cuts Earnings Outlook on 2Q Loss as GD & Northrop Lift Forecasts on Beats, Booz Allen & CGI Top Street Estimates

Money

Five government contractors listed in Executive Mosaic’s GovCon Index reported their latest quarterly financial results before U.S. markets opened Wednesday and all earnings per share figures fell above the consensus Wall Street forecast. Boeing (NYSE: BA) swung to a net loss for its second quarter and lowered its earnings forecast on …

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July 22 Market Close: GovCon Index Shakes Off Weak Open, Honeywell Plummets on Sales Outlook Cut

GovConIndexUP

Executive Mosaic’s GovCon Index reversed an initial weak open to register a gain Friday that was not enough to push the GCI to positive for the week as second quarter earnings reports started for government contracting companies. The GovCon Index added 0.289 points to 81.788 Friday but ended at a nominal five-day decline of 0.031 points with …

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