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Tag Archives: Lockheed Martin

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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Navy Adds Northrop to MQ-25 Carrier UAS Risk Reduction Program

U.S. Navy photo

Northrop Grumman (NYSE: NOC) has secured a potential one-year, $35.8 million contract from the U.S. Navy to implement risk reduction efforts for the future MQ-25 unmanned carrier aviation air system. The Defense Department said Wednesday the company will work to refine concepts and develop trade space ahead of the engineering and manufacturing development phase …

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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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Air Force’s Lockheed-Built F-35As Slated to Resume Flights by End of 2016


TYSONS CORNER, VA, Oct. 18, 2016 — The F-35 fighter jets built by Lockheed Martin (NYSE: LMT) for the U.S. Air Force are scheduled to complete repairs to their fuel pipes and resume operations by the end of the year, ExecutiveBiz reported Monday. Breaking Defense reported Friday the F-35 Joint Program Office has …

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Lockheed Awarded $743M Modification in F-35 Batch 9 Deal


The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $743.2 million modification under a previously awarded advance acquisition contract for the ninth batch of F-35 fighters. The Defense Department said Monday the modification allocates additional funds to address diminishing manufacturing and material shortages for redesign and development, estimated post-production concurrency changes …

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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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Lockheed Martin to Supply Radars for Jordan Under Air Force FMS Deal

lockheed martin

TYSONS CORNER, VA, Oct. 17, 2016 — Lockheed Martin (NYSE: LMT) will provide a gap-filler radar system to Jordan under a potential $41.6 million foreign military sales deal through the U.S. Air Force, ExecutiveBiz reported Friday. The Defense Department said Thursday the contract also covers the supply of two new long-range radars and update to three additional …

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Lockheed Martin Opens IT Service Center in Puerto Rico

lockheed martin

TYSONS CORNER, VA, Oct. 14, 2016 — Lockheed Martin (NYSE: LMT) has unveiled a fifth global information technology service center in Puerto Rico in efforts to meet demand for IT support to the company’s approximately 98,000 employees around the world, ExecutiveBiz reported Thursday. News is my Business reported Wednesday the Aguadilla facility currently has 98 personnel and is expected …

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Weekly Roundup October 10 – October 14, 2016: DigitalGlobe Enters M&A Picture, L-3 Buys Again & more


October 10 – October 14, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson We have yet another player in the GovCon M&A scene in the form of the company whose satellites help governments and businesses around the world map every piece of planet …

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State Dept OKs $194M Short-Range Radar Sale to Kuwait


The State Department has approved Kuwait’s request to buy gap-filler radars and related support from the U.S. government under a potential $194 million foreign military sales agreement. Kuwait asked to procure six gap-filler or short-range radars and a long-range radar as well as services to support updates to the AN/FPS 117 (V)3 …

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