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MDA Awards Lockheed $274M Contract to Build Lot 9 THAAD Interceptors

Lockheed Martin (NYSE: LMT) has landed a $273.5 million sole-source contract from the Missile Defense Agency to produce additional interceptors for the agency’s anti-ballistic missile system. The Defense Department said Tuesday the contract covers the lot 9 production of interceptors, one-shot devices and associated production support services for the Terminal High …

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Lockheed Gets $99M Modification on Navy EW System Upgrade Contract

Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business has secured a $98.5 million contract modification to update the U.S. Navy‘s AN/SLQ-32 electronic warfare system. The Defense Department said Friday the modification covers full-rate production of the Surface Electronic Warfare Improvement Program‘s Block 2 subsystems. Block 2 is designed to provide updated …

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Reuters: Germany Eyes $966M Lockheed C-130J Aircraft Procurement

Germany looks to procure six C-130J Super Hercules airlifters worth approximately $966 million from Lockheed Martin (NYSE: LMT) as part of a joint operating agreement with France, Reuters reported Friday. Andrea Shalal writes Germany aims to send a formal request to the U.S. government in 2019 to buy C-130Js in support of European defense cooperation efforts. The report said France …

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Lockheed Wins Potential $750M DLA Contract for Flight Line Spare Parts

The Defense Logistics Agency has awarded Lockheed Martin (NYSE: LMT) a potential 10-year, $750 million contract to supply the U.S. Air Force with flight line spare parts. The Defense Department said Friday Lockheed won the contract, which contains a five-year base period plus three-year and two-year option periods, via a competitive acquisition that received three …

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Lockheed Gets $1.1B Contract for F-35 Logistics, Sustainment Services to US, Foreign Military Clients

Lockheed Martin (NYSE: LMT) has received a $1.06 billion contract to sustain and provide recurring logistics support for F-35 aircraft of the U.S. Navy, Marine Corps, Air Force, non-Defense Department participants and foreign military sales customers. DoD said Tuesday that Lockheed will conduct sustainment efforts such as ground maintenance, depot activation, automatic logistics information system, …

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February 27 Market Close: GovCon Index Hits Record Close on Trump Military Budget Proposal

Executive Mosaic’s GovCon Index closed at an all-time record high Monday with large aerospace-and-defense primes the main contributors to gains after President Donald Trump unveiled his proposal to raise military spending 9 percent for the next federal fiscal year. U.S. stocks also posted small gains as the benchmark S&P 500 composite …

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February 24 Market Close: GovCon Index Up, Records 4th Straight Weekly Gain

Executive Mosaic’s GovCon Index closed higher Friday to end its fourth straight weekly gain as investors eyed defense stocks after President Donald Trump repeated his election campaign pledge to build up the military during a speech in Washington. U.S. equities also posted narrow gains and the benchmark S&P 500 composite index ended the …

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February 23 Market Close: GovCon Index Lower on Services & Industrial Declines

Executive Mosaic’s GovCon Index posted its biggest one-day decline in a month Thursday with services and industrial components the largest drags in a session that saw U.S. equities struggle for clear direction as investors looked for more clarity on President Donald Trump’s economic agenda. GovCon Index decliners outnumbered advancers by a 5-to-1 ratio …

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Govt Services Vet Tina Dolph Joins FCi Federal in EVP, GM Role

Tina Dolph, former president of ASRC Federal‘s information and technical solutions group and a 25-year government services veteran, has been named executive vice president and general manager of State Department programs at FCi Federal. FCi said Tuesday she will also explore potential market opportunities for the Ashburn, Virginia-based operations management and professional services contractor …

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February 17 Market Close: GovCon Index Sets 5th Straight Record Close on Boeing & Huntington Ingalls Lifts

Executive Mosaic’s GovCon Index crawled to a fifth straight record close Friday to extend its current stretch of weekly gains to three and record a five-day advance of 2.72 percent . The U.S. stock benchmark S&P 500 also inched to a record close for a weekly gain of more than 1 percent despite investor …

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