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Tag Archives: Lockheed Martin

January 20 Market Close: GovCon Index Inches Gain, US Stocks Pare Advances After Trump Inaugural Speech

Executive Mosaic’s GovCon Index held higher Friday to post a weekly advance on boosts from from blue chip stock McKesson Corp. (NYSE: MCK) and aerospace company Rockwell Collins (NYSE: COL) after a first quarter earnings. U.S. stocks sharply pared their gains after now President Donald Trump’s inaugural speech as uncertainty set in equity markets on uncertainty …

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Report: Lockheed, DoD Eye Potential $9B Deal on Next F-35 Batch by End of January

Lockheed Martin (NYSE: LMT) and the Defense Department are still in talks and could finalize by the end of January a new contract worth approximately $9 billion that would reduce the price of the next batch of F-35 fighter jets to under $100 million per aircraft, Reuters reported Thursday. Mike …

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January 19 Market Close: GovCon Index Lifted by Platform Maker Gains Against Red Majority Ahead of Inauguration

Executive Mosaic’s GovCon Index closed higher Thursday as gains by large defense platform and product makers helped offset declines by a majority of the GCI’s 30 stocks with mid-tier prime contractors and government services providers in red. U.S. stocks traded lower by comparison with real estate the largest drag on equities in the …

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Renovated Cape Canaveral Building to Host Lockheed Employees for Navy Fleet Ballistic Missile Program

TYSONS CORNER, VA, Jan. 18, 2017 — Lockheed Martin (NYSE: LMT) and the U.S. Navy held a ribbon-cutting ceremony for a newly renovated facility at Cape Canaveral Air Force Station in Florida that will host company employees who will work on the military service’s Fleet Ballistic Missile program, ExecutiveBiz reported Tuesday. The company said …

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NASA Vet William Parsons Joins PAE-BWXT JV S3 as President

William “Bill” Parsons, an 18-year NASA veteran, has been named president of Syncom Space Services, a joint venture of PAE and BWX Technologies (NYSE: BWXT). Parsons will oversee S3’s operations at NASA that include management of facility operations, test and manufacturing services and maintenance requirements at Stennis Space Center in …

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Boeing CEO Says Progress Made on ‘Simplifying Requirements’ for Air Force One After Trump Meeting

Boeing (NYSE: BA) CEO Dennis Muilenburg told reporters Tuesday after his hour-long meeting with President-elect Donald Trump that the company has moved forward on efforts in “simplifying requirements” for the future Air Force One replacement airplane with combat jets also a topic of discussion there. Trump first criticized the presidential aircraft program on …

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Lockheed to Supply Navy Integrated Undersea Surveillance Tech Under $121M Contract Modification

Lockheed Martin (NYSE: LMT) has received a $120.9 million contract modification from the U.S. Navy to provide an integrated undersea surveillance system as well as engineering services for a sonar system. The Defense Department said Friday Lockheed’s rotary and mission systems business will support the Acoustic-Rapid-Commercial-Off-The-Shelf Insertion sonar system that works to integrate and …

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Lockheed Awarded $327M UK Aerial Surveillance System Devt Contract

Lockheed Martin’s (NYSE: LMT) U.K. arm has received a potential $327 million contract to develop an airborne surveillance system for integration with the U.K. defense ministry’s fleet of Merlin HM Mk2 helicopters. The contract for the Crowsnest aerial surveillance program covers initial provisioning of spares as well as demonstration and manufacturing work, …

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January 13 Market Close: GovCon Index Rebounds, Holds at Weekly Loss as Lockheed Halts 4-Day Slide

Executive Mosaic’s GovCon Index rebounded Friday with strong performances by defense prime stocks as U.S. stocks rose on investor optimism from quarterly earnings beats by large financial institutions and positive retail sales numbers from December. GovCon Index gainers outnumbered laggards by a 2-to-1 ratio and nine of its 11 S&P 500 stocks moved …

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Lockheed CEO: New Deal to Cut Costs on Next F-35 Line ‘Close’

Lockheed Martin (NYSE: LMT) is “close to a deal” on a new contract that would “significantly” bring down costs of the next line of F-35 fighter jets and add 1,800 new jobs at its Fort Worth, Texas facility that houses production, the company’s chief executive said Friday after a meeting with President-elect …

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