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Tag Archives: lmt

October 25 Market Close: GovCon Index Ends 2-Week Stay Below 80; Lockheed Posts Best Day in 7 Years on Upbeat Guidance


Executive Mosaic’s GovCon Index closed above 80 points Tuesday for the first time in two weeks despite declines in the larger U.S. stock market after Lockheed Martin (NYSE: LMT) posted its best one-day advance in seven years surged on upbeat financial outlooks for this year and 2017 to lead all GCI gainers. GovCon Index …

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Lockheed Boosts Intl Sales Goal to 30% on F-35, Missile Defense Prospects


Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions …

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Lockheed’s Revised 2016 Outlook Post-Leidos Deal Tops Street Consensus

F35C launch on USS Nimitz

Lockheed Martin (NYSE: LMT) unveiled revised full-year earnings and revenue guidance that exceeded Wall Street’s expectations Monday in the defense contractor’s first financial statement since the Aug. 16 spinout and merger of its former government services segment into Leidos Holdings (NYSE: LDOS). GovCon Index– and S&P 500-listed Lockheed sees earnings of $12.10 per share and $46.5 billion in revenue for …

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Lockheed Vet Erich Sanchack to Join CenturyLink as Federal Sales SVP

Erich Sanchack

Erich Sanchack, formerly vice president of competitive enhancements at Lockheed Martin (NYSE: LMT), has been named senior VP of federal sales at CenturyLink (NYSE: CTL) in a move that takes effect Nov. 1. CenturyLink said Tuesday he will succeed Tim Meehan, who will transition to a new role as VP of managed services sales and support at the Louisiana-based communications firm. …

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October 24 Market Close: GovCon Index Lifts on Defense Prime Gains, Rockwell Collins Tumbles on Flat Guidance


Executive Mosaic’s GovCon Index held higher Monday with large prime contractors the top advancers to offset a large decline by Rockwell Collins (NYSE: COL) on flat revenue guidance for its current fiscal year as U.S. stocks advanced on deal activity and new earnings reports. GovCon Index gainers outnumbered laggers at a 5-to-1 …

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October 21 Market Close: GovCon Index Down, Posts 4th Straight Weekly Loss


Executive Mosaic’s GovCon Index held lower Friday as large-cap primes fell to offset a jump by Honeywell International (NYSE: HON) on that company’s in-line third quarter earnings as the GCI ended at its fourth straight weekly loss. GovCon Index laggers outnumbered advancers 2-to-1 in Friday trade and Honeywell was the GCI’s lone S&P 500-listed stock of …

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Lockheed Awarded $93M Contract Modification for Navy MUOS Engineering, Logistics Services


A business unit of Lockheed Martin (NYSE: LMT) has received a $92.8 million contract modification to perform engineering and interim logistics work on a military communications satellite system for the U.S. Navy. Lockheed Martin Space Systems will also deliver spares and associated materials for the military branch’s Mobile User Objective System under the modification, the Defense Department said Thursday. …

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Textron 3Q Earnings Miss, Revenue Up 2% on Biz Jet Deliveries


Textron (NYSE: TXT) reported third quarter earnings below Wall Street’s expectation Thursday on restructuring costs and lower commercial deliveries in its Bell Helicopter segment. GovCon Index-S&P 500 company Textron reported $0.61 earnings per share versus the $0.67 analyst consensus with third quarter EPS excluding a $0.76 benefit from settlements of Internal Revenue Service audits and the $0.27-after tax restructuring …

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Reuters: Japan Eyes $1B Ballistic Missile Defense Investment in Response to North Korea’s Rocket Tests


Japan looks to accelerate a $1 billion investment toward its ballistic missile defense systems in response to North Korea’s rocket tests that government personnel believe may lead to the future fielding of a medium-range missile, Reuters reported Monday. Nobuhiro Kubo and Tim Kelly write outlays on a budget request for the year include …

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Lockheed Martin Names Subcontractors to Support Bid for Air Force ICBM Replacement Project


TYSONS CORNER, VA, Oct. 17, 2016 — Lockheed Martin (NYSE: LMT) has submitted its bid and named the companies it will subcontract for the U.S. Air Force’s ground-based strategic deterrent program, ExecutiveBiz reported Thursday. The National Defense Magazine reported Thursday General Dynamics (NYSE: GD), Draper Labs, Aerojet Rocketdyne (NYSE: AJRD) and Orbital ATK (NYSE: OA) will provide …

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