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Tag Archives: F-35

MBDA to Develop Precision Strike Missile for UK’s F-35s Under Estimated $585M Deal

F-35

MBDA has been awarded an estimated $585 million contract to develop an air-to-surface precision strike missile for the U.K. military’s fleet of F-35 fighter jets. This work is intended to build on the previous assessment phase for the Selective Precision Effects at Range Capability 3 missile, MBDA said Wednesday. Britain’s defense ministry asked its investment …

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Denmark Eyes $3B Purchase of 27 Lockheed Martin F-35s

F-35

TYSONS CORNER, VA, May 13, 2016 — Denmark plans to place an order worth approximately $3 billion for the Lockheed Martin-built (NYSE: LMT) F-35 fighter jet as replacement for the country’s F-16 fleet, ExecutiveBiz reported Thursday. Defense News reported Thursday the potential foreign military sale covers 27 F-35s to support national security …

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May 12 Market Close: GovCon Index Holds Steady Against Choppy US Markets

GovConIndexUP

The GovCon Index held steady despite general choppy activity in U.S. financial markets during Thursday trade and closed at a gain of 0.304 points to 77.857 on strong performances by many platform and product makers in the contracting arena. Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: LMT) both rose at least $3.00 …

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May 3 Market Close: GovCon Index Sinks on Harris Guidance Cut, CACI’s Extended Slide as Northrop Gets Upgrade

GovConIndexDOWN

The GovCon Index held negative throughout Tuesday trade and closed at a decline of 0.489 points to 76.365 with Harris Corp. (NYSE: HRS) as the largest lagger after another full-year guidance cut by the military radio maker. Melbourne, Florida-based Harris fell 5.48 percent — or $4.43 — after the company reduced the 12-month revenue forecast in its …

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Weekly Roundup April 25 – April 29 2016: Investors Give Mixed Signals on Contractor Stocks & more

GovConIndex

April 25 – April 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson First quarter earnings season has given investors with keen interest in the aerospace, defense and government contracting sectors a smorgasboard of items to consider as they gauge the industry’s health. …

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Lockheed Boosts 2016 Earnings, Revenue Outlook

lockheed martin

Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index and an S&P 500 stock — lifted its profit and revenue outlooks for 2016 despite a year-over-year decline in first quarter net income due to one-off charges for workforce reductions and other items. The Bethesda, Maryland-based aerospace and …

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State Dept Clears $1.2B Sale of Raytheon-Built Air-to-Air Missiles to Australia

AIM-120D

The State Department has approved Australia’s request to purchase $1.22 billion in Raytheon-made (NYSE:RTN) AIM-120D medium-range air-to-air missiles and related equipment under a foreign military sales agreement with the U.S. government. The Defense Security Cooperation Agency said Monday Australia ordered 450 AIM-120D missiles, 34 AIM-120D air vehicles instrumented, six instrumented test vehicles and 10 spare AIM-120 guidance sections …

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Lockheed, DoD Conclude Initial Tests on Prototype F-35 Helmets

F-35

TYSONS CORNER, VA, April 21, 2016 — Lockheed Martin (NYSE: LMT) and the Defense Department‘s F-35 joint program office have concluded initial tests on a prototype third-generation helmet for the fighter jet, ExecutiveBiz reported Wednesday. Defense News reported Tuesday the team also integrated design updates on the F-35 escape system during the initial …

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Lockheed to Build F-35 Alternate Mission Equipment Under $182M Navy Contract Modification

F-35

Lockheed Martin (NYSE: LMT) has received a $181.8 million contract modification from the Naval Air Systems Command to manufacture alternate mission equipment for low-rate initial production lot 9 F-35s. The Defense Department said Friday that Lockheed will build and deliver F-35 pilot flight tools, red gear and armaments to the U.S. …

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UTC Subsidiary Receives $1B Navy F-35 Propulsion Contract Modification

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A United Technologies Corp. (NYSE: UTX) subsidiary has received a $1.04 billion contract modification to manufacture the ninth batch of F-35 propulsion systems for U.S. and foreign military customers. Pratt & Whitney will produce parts and components of 28 F135-PW-100 systems for the U.S. Air Force, six F135-PW-600 systems for the …

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