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Tag Archives: lmt

August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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August 25 Market Close: GovCon Index Down on McKesson Plunge Despite L-3 Upgrade & Bullish JPMorgan Defense Stock Forecast

GovConIndexDOWN

Executive Mosaic’s GovCon Index stumbled to negative late afternoon Thursday on a plunge in McKesson Corp. (NYSE: MCK) with other health stock declines despite an upgrade to L-3 Communications (NYSE: LLL) by JPMorgan and gains by other defense primes and government services providers. GovCon Index gainers outnumbered laggers by roughly 2-to-1 ratio and eight …

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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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Navy Selects 5 Companies for Potential $156M Joint Staff C4, Cyber Support IDIQ

NavyC4ISR

The U.S. Navy has awarded five companies spots on a potential $155.8 million indefinite-delivery/indefinite-quantity contract to provide a range of support services for the Joint Staff J6 Directorate’s C4/Cyber program. The Defense Department said Tuesday contractors will vie for analytical, engineering and program management task orders over a 60-month ordering period. Work will occur at Eglin …

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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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Lockheed Awarded Potential $80M Navy Contract to Develop LCS Combat Mgmt System

Littoral-Combat-Ship

Lockheed Martin‘s (NYSE:LMT) mission systems and training business has secured a potential $79.6 million contract from the U.S. Navy to build a combat management system for Littoral Combat Ships. The Defense Department said Monday the contract covers the development and integration of hardware and software as well as combat system technical data …

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August 22 Market Close: GovCon Index Rises Against Choppy US Stock Trade

GovConIndexUP

Executive Mosaic’s GovCon Index recovered from a slightly negative open Monday and held positive against choppy activity in U.S. stock markets as speculation over the next interest rate hike continued to dominate investors’ attention. GovCon Index gainers outnumbered laggers and unchanged stocks by a 2-to-1 ratio and eight of the GCI’s 11 …

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Lockheed-Northrop JV to Supply Radar Electronics for Army Apache Aircraft

Apache

TYSONS CORNER, VA, Aug. 22, 2016 — The U.S. Army has awarded a Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) joint venture a potential $38.4 million contract to deliver radar electronic units for the service branch’s lot 7 AH-64 Apache attack helicopters, ExecutiveBiz reported Friday. Longbow LLC is set to perform work …

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Lockheed Vet Michael Grasso Joins Engility as Business Development Leader

Michael_Grasso

Michael Grasso, a 35-year veteran and former vice president of government relations at Lockheed Martin (NYSE: LMT), has joined Engility (NYSE: EGL) as senior vice president of business development and strategic planning for the government services contractor. Engility said Monday he will report directly to CEO Lynn Dugle in his new role. Grasso’s career at Lockheed includes …

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August 19 Market Close: GovCon Index Narrowly Down, Ends Week at Slight Gain

GovConIndexDOWN

Executive Mosaic’s GovCon Index pared back some losses in late afternoon trade Friday to register a narrow weekly gain as Lockheed Martin (NYSE: LMT) extended its stretch of declines to a fourth straight day and CACI International (NYSE: CACI) again led gainers along with other mid-tier primes. Four of the GovCon Index’s 11 S&P …

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