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Tag Archives: Lockheed Martin

October 19th Market Close: GovConIndex Closes Up and Major Indices Close Mixed

The Executive Mosaic GovCon Index (GCI) reversed its three consecutive days of decline to close up 0.150 percent to settle at 108.840. Advancing shares outpaced declining 18 to 12. The three major indices closed mixed for the day with the S&P500 and DJIA climbing to new highs. The S&P500 closed up 0.03 percent …

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Boeing, Lockheed Secure Design Work on Navy’s Extra Large UUV Program

TYSONS CORNER, VA, Oct. 19, 2017 — Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) are working to develop designs for an extra large unmanned undersea vehicle after the U.S. Navy awarded the companies two separate contracts for the program, ExecutiveBiz reported Wednesday. USNI News reported Tuesday the service branch has …

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Report: Army Taps 4 Firms for Patriot Radar Replacement Concept Design Contracts

The U.S. Army has awarded separate contracts to four companies to develop concept designs that will be used to determine the requirements for a new platform to replace its Patriot air-and-missile defense radar system, Defense News reported Wednesday. Contract recipients include Raytheon (NYSE: RTN), Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC) …

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Aurora Flight Sciences Vet Mark Cherry Joins Boeing as Phantom Works VP; Leanne Caret Comments

Mark Cherry, president and chief operating officer at Manassas, Virginia-based autonomous systems maker Aurora Flight Sciences, has been appointed to succeed Darryl Davis as vice president of Boeing’s (NYSE: BA) Phantom Works technology arm. Davis, who served as head of Phantom Works for a decade, will transition into a program management …

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State Dept OKs Potential $2.4B FMS Deal for Greek F-16 Upgrades

The State Department has approved a potential $2.40 billion foreign military sales transaction for Lockheed Martin (NYSE: LMT) to convert F-16 aircraft into a Block V configuration for the Greek air force. Greece asked to buy 125 APG-83 active electronically scanned array radars, 123 modular mission computers and 123 Link-16 multifunctional information distribution …

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Roger Krone Shares Insights on Leidos-Lockheed IS&GS Merger at NVTC Titans Event

Roger Krone, chairman and CEO of Leidos, talked about the Reston, Virginia-based government information technology services contractor’s merger with Lockheed Martin’s information systems and global services business at the Titans breakfast event held Friday in Tysons Corner, Virginia. He discussed at the Northern Virginia Technology Council-hosted event how the transaction has helped Leidos …

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Executive Mosaic’s Weekly GovCon Round-up: GovCon’s Shifting Landscape

Weekly Roundup October 9 – October 13 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Top Five Systems Integration CEOs and Companies This past week the GovCon community experienced a number of high-profile occurrences, such as a significant merger and executive moves, that …

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Navy Seeks Proposals From 4 Companies for Future Carrier-Based Aerial Refueling Drone

TYSONS CORNER, VA, Oct. 13, 2017 — Boeing (NYSE: BA), General Atomics, Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) are potential bidders on the U.S. Navy‘s procurement program for a carrier-based unmanned aerial refueling tanker, ExecutiveBiz reported Thursday. USNI News reported Tuesday the Navy sent a request for proposals …

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October 12th Market Close: GovConIndex Closes Up Reverse to the Major Indices Closing Down

The Executive Mosaic GovCon Index (GCI) moved upward to close at 109.761, up 0.376 percent with advancing shares outpacing declining 21 to 8. The three major indices all closed negative with the S&P500 down 0.17 percent to 2,550.93, while the DJIA closed at 22,841.01 off 0.14 percent, and the NASDAQ Composite declined 0.18 …

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Lockheed Gets Air Force ‘Available for Launch’ Declaration on 1st GPS III Satellite

TYSONS CORNER, VA, Oct. 12, 2017 — Lockheed Martin (NYSE: LMT) has received clearance from the U.S. Air Force on the availability of the first GPS III satellite for launch in 2018 and will await further approval to begin pre-launch preparations, ExecutiveBiz reported Wednesday. The company said Tuesday GPS III Space Vehicle 01 was designated …

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