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Tag Archives: Lockheed Martin

Air Force to Choose 2 Bases to House Lockheed-Built F-35A Fleet

TYSONS CORNER, VA, Dec. 9, 2016 — The U.S. Air Force will select two Air National Guard bases to host its Lockheed Martin-built (NYSE: LMT) F-35A Joint Strike Fighter jet, Executive Gov reported Thursday. The military service will choose from Dannelly Field Air Guard Station, Gowen Field Air Guard Station, Jacksonville Air Guard Station, Selfridge Air National Guard Base and Truax Air …

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December 8 Market Close: GovCon Index Drops on Steep Prime Declines, SAIC Climbs on Earnings Beat

Executive Mosaic’s GovCon Index tumbled Thursday on steep losses among several of its large-cap prime components as U.S. stocks posted a small advance to a new record high close with financial shares the top performers at a 1-percent gain and industrials the largest laggards. Thursday’s decline puts the GCI below 90 points after a …

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Booz Allen’s Greg Wenzel Details Engineering, Digital Services Push Through Aquilent Buy

Booz Allen Hamilton‘s (NYSE: BAH) pending $250 million purchase of Laurel, Maryland-based cloud computing and digital services contractor Aquilent represents a selective entry into the GovCon acquisition landscape for a firm as it has made five purchases. McLean, Virginia-based Booz Allen largely sat out of last year’s large deal activity that reshaped the government technology services sector …

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3rd Lockheed-Developed Missile Warning Satellite Cleared for Launch

TYSONS CORNER, VA, Dec. 8, 2016 — The U.S. Air Force‘s Space and Missile Systems Center has approved the launch of the third Lockheed Martin-built (NYSE: LMT) Space Based Infrared System missile-warning satellite, Executive Gov reported Wednesday. Space News reported Tuesday the military service also cleared an update for the satellite’s ground control system …

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December 6 Market Close: GovCon Index Up on Continued Mid-Tier Defense, Services Gains

Executive Mosaic’s GovCon Index reversed its morning decline to close higher Tuesday in a second straight session of contributions by mid-tier platform and services contractors against flat or red movements by large defense primes. GovCon Index gainers outnumbered decliners by a 4-to-1 ratio and six of its 11 S&P 500 stocks …

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Lockheed Completes GPS Satellite Ground Control System Update; Vinny Sica Comments

TYSONS CORNER, VA, Dec. 6, 2016 — Lockheed Martin (NYSE: LMT) has updated the ground control system of the U.S. Air Force‘s Global Positioning System satellites as part of the GPS operational control segment modernization effort, ExecutiveBiz reported Friday. The Commercial Off-the-Shelf Upgrade #2 became fully operational on Oct. 15 and works to …

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State Dept OKs $156M Sale of F/A-18 Joint Tactical Radio Systems, Support to Finland

The State Department has approved Finland’s request to buy F/A-18 aircraft equipment and related services from the U.S. government under a potential $156 million foreign military sales agreement. Finland asked to procure 90 Multifunctional Information Distribution System Joint Tactical Radio Systems, test and training equipment, spares, and repair parts in support of …

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Fitch Expects 3-5% Increase in Addressable Global Defense Market Over Next 3 Years

Fitch Ratings has said it projects a 3 percent to 5 percent growth in the relevant areas of the global addressable defense market over the next three years with the U.S. budget to constitute 45 percent to 50 percent of the market. Fitch said Monday it estimates the addressable global defense …

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December 5 Market Close: GovCon Index Hits First 90-Point Close, HII & Services Gains Offset Prime Declines

Executive Mosaic’s GovCon Index closed above the 90-point mark for the first time since its October 2014 inception as Huntington Ingalls Industries (NYSE: HII) and services contractors led gains to offset declines by Northrop Grumman (NYSE: NOC) and other defense primes on a positive day for U.S. stocks. Monday’s strong performance restarts a post-election …

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Report: Navy Eyes Super Hornet Purchase to Address Carrier-Based Strike Fighter Shortfall

The U.S. Navy looks to unload its Boeing-built F/A-18 Hornet fighter jets and buy F/A-18E/F Super Hornet aircraft to address a shortage of fighters jets aboard the service branch’s carriers, Reuters reported Saturday. Andrea Shalal writes a Navy official said the plan could be implemented as part of the fiscal year 2018 budget alongside …

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