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Tag Archives: lmt

September 28 Market Close: GovCon Index, US Stocks Move Green in PM Trade on Oil Supply Cut Reports

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Executive Mosaic’s GovCon Index turned positive in mid-afternoon trade Wednesday along with U.S. stocks after reports surfaced that major oil producing countries reached an agreement to limit global supply with more details due in November. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and eight of its 11 S&P 500 companies …

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Lockheed Subcontracts General Atomics for Li-ion Batteries on USSOCOM Dry Combat Submersibles

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TYSONS CORNER, VA, Sept. 26, 2016 — Lockheed Martin (NYSE: LMT) has subcontracted General Atomics‘ electromagnetic systems subsidiary to provide the U.S. Special Operations Command‘s Dry Combat Submersible vehicles with Lithium-ion Fault Tolerant battery systems, ExecutiveBiz reported Friday. The LiFT battery will work to power DCS propulsion and internal support systems as it transports personnel in …

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U.S., India Near Joint Production Deal for Javelin Missile Tech

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TYSONS CORNER, VA, Sept. 23, 2016 — The U.S. and India are close to reaching a deal to jointly manufacture the Javelin anti-tank guided missile technology, ExecutiveBiz reported Thursday. Defense News reported Wednesday that Javelin Joint Ventures, a Lockheed Martin (NYSE: LMT)-Raytheon (NYSE: RTN) joint venture, and Tata Group‘s Tata Power Strategic Engineering Division have signed a letter of …

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Australia’s Defense Dept Awards $419M Contract to Leidos Subsidiary for IT Products, Services

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Leidos‘ (NYSE: LDOS) Abacus Innovations Australia subsidiary has secured an estimated $418.7 contract from Australia’s defense department to provide computer equipment and accessories as well as centralized processing services to the country’s chief information officer group, ARN reported Friday. Leon Spencer writes the award runs through 2023 and follows an approximately $610 million deal that Lockheed Martin‘s (NYSE: …

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September 22 Market Close: GovCon Index Extends Post-Fed Rate Decision Gains, KBR Joins GCI After Govt Services Acquisitions

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Executive Mosaic’s GovCon Index rose for a second straight session Thursday to extend gains on the Federal Reserve‘s Wednesday decision to leave interest rates unchanged on a mix of contributions from large defense platform makers and services-oriented contractors. Thursday also represented the GovCon Index’s first day of activity with KBR (NYSE: KBR) …

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September 21 Market Close: GovCon Index Returns Above 80 After Fed Holds on Rate Hike & Signals December Move

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Executive Mosaic’s GovCon Index added 1 percent Wednesday to record its best session in two months and close above 80 points for the first time since Sept. 12 with 29 out of 30 stocks in positive after the Federal Reserve left benchmark interest rates unchanged and signaled a potential move in …

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September 19 Market Close: GovCon Index Lifts, US Stocks Mixed Ahead of Fed Policy Summit

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Executive Mosaic’s GovCon Index rose Monday in an attempt to close above the 80-point barrier for the first time since Sept. 12 on gains by large defense primes and services-oriented companies. The GCI’s positive movement contrasted activity in U.S. financial markets as stocks turned south in the final hour of trade and closed mixed ahead …

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Wiener Kernisan Promoted as President of Arianespace US Subsidiary; Stephane Israel Comments

Wiener Kernisan

Wiener Kernisan, formerly vice president of sales and marketing at Arianespace‘s U.S. subsidiary, has been promoted to president of the Arianespace Inc. business effective Sept. 26. The France-based multinational company said Friday Kernisan will manage customer, industry and governmental relations at its Washington, D.C.-based operations as well as sales activities across the U.S. and Canada. Kernisan has nearly …

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Lockheed Awarded Potential $426M Contract for Aegis Combat System Support Work

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Lockheed Martin (NYSE: LMT) has received a potential $426 million contract from the U.S. Navy to build and field the Aegis Weapon System and the integrated Aegis Combat System on three of the military branch’s Arleigh Burke-class destroyer ships. The Defense Department said Friday that Lockheed will provide follow-on support services  for USS …

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September 16 Market Close: GovCon Index Down, Ends Week at Loss Ahead of Fed Rate Summit

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Executive Mosaic’s GovCon Index held negative Friday to end at a weekly decline as U.S. stock markets extended the current stretch of sharp swings between gains and losses as the Federal Reserve‘s next two-day meeting looms for Tuesday and Wednesday. Decliners outnumbered advancers 9-to-1 and all of the GovCon Index’s S&P …

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