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Tag Archives: F-35

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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July 21 Market Close: GovCon Index Falls on Defense Prime Losses, Oil Decline Holds Down US Stocks

GovConIndexDOWN

Executive Mosaic’s GovCon Index tumbled Thursday on large declines among defense prime companies as U.S. stocks traded lower on falling oil prices and mixed earnings reports among blue chips. The GovCon Index declined 0.694 points to 81.499  as none of the GCI’s 11 S&P 500-listed stocks closed at a gain with eight in the U.S. stock …

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Lockheed Receives $242M Navy Contract Modification for F-35 Electronic Components

F-35

Lockheed Martin (NYSE: LMT) has been awarded a $241.8 million contract modification by the U.S. Navy to procure diminishing manufacturing sources electronic parts for F-35 production facilities in the U.S. and abroad. The Defense Department said Tuesday work under the modification will support F-35 production through the fighter aircraft’s 15th lot. Lockheed will perform …

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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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FMS Program Head Joe Rixey to Headline Global Weapons Trade Discussion Forum for Potomac Officers Club

Vice Adm. Joe Rixey

The top uniformed officer over the U.S. government’s foreign military sales program will keynote an Aug. 3 breakfast forum hosted by Executive Mosaic’s Potomac Officers Club in Falls Church, Virginia to discuss the global arms trade’s current environment and the role of domestic industry in efforts to help defense agencies support …

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Two Lockheed-Built F-35Bs Cleared to Perform at Upcoming Air Shows

F-35

TYSONS CORNER, VA, July 7, 2016 — The U.K. government has cleared two Lockheed Martin-built (NYSE: LMT) F-35B fighter jets to participate in the Farnborough International Airshow and Royal International Air Tattoo, Executive Gov reported Wednesday. Defense News reported Tuesday the two F-35 variants used by the U.S. Marine Corps completed validation flights in order …

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Lockheed, Boeing Among Firms Tapped for Japan’s Potential $40B Fighter Jet Program

F-35

Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) are among the companies Japan has contacted to potentially participate in the country’s planned $40 billion fighter jet program, E&T Magazine reported Thursday. Jack Loughran writes Japan plans to release a tender for 100 fighter planes after a Tuesday deadline on a solicitation for expressions of …

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Lockheed Lands $323M Navy Contract to Deliver F-35 Mission Data File Mgmt Lab

F-35

The U.S. Navy has awarded a potential $323 million fixed-price-incentive contract to Lockheed Martin (NYSE: LMT) for a laboratory with integrated reprogramming capacity to build, modify, test and deliver mission data files of a fighter aircraft. The Defense Department said Thursday Lockheed Martin Aeronautics‘ laboratory will feature a hardware in-the-loop system to analyze F-35 fighter …

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TransDigm to Purchase Aircraft Component Maker Data Device Corp for $1B

acquisition, merger

Cleveland-based aircraft component maker TransDigm (NYSE: TDG) has agreed to purchase databus and power control system manufacturer Data Device Corp. and its parent company ILC Holdings from Behrman Capital for approximately $1 billion in a push to add new products for military, space and commercial customers. Transdigm said Wednesday it expects to close the transaction that is subject to …

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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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