Lockheed Gets Initial UK F-35B Order

F35
The U.K. defense ministry has placed an initial production order for four Lockheed Martin (NYSE: LMT) F-35B fighters. The agency said Monday the British government plans to buy a total of 14 F-35Bs during the next five years and build the necessary infrastructure to accommodate the fleet. Lockheed will build the four jets to operate from Royal Air Force stations and Royal Navy aircraft carriers. A...

Report: Pentagon, Lockheed Close $4.7B Deal for Lot 8 F-35 Jets

F-35
Lockheed Martin (NYSE: LMT) and the U.S. Defense Department have closed on a $4.7 billion contract for the eighth lot of low-rate initial production F-35 fighters, DoD Buzz reported Friday. Kris Osborn writes Lockheed will build 29 F-35s for the U.S. Air Force, Navy and Marine Corps and another 14 for U.S. partner nations Israel, Japan, Italy, Norway and the U.K. DoD has signed a separate contract...

State Dept Approves $188M F-16 Sustainment Services Sale to Greece

F16Fleet
Greece has placed an order for F-16 aircraft sustainment and related services by Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) through a $188 million foreign military sale agreement with the State Department. The NATO ally requested for electronic combat security assistance, engine management, technical coordination, structural integrity, hardware and software support, repair,...

Patricia Lewis, Jennifer Whitlow Promoted to SVP Ranks at Lockheed

lockheed martin
Lockheed Martin (NYSE: LMT) has promoted Patricia Lewis to senior vice president of human resources and Jennifer Whitlow to SVP of communications effective January 1, 2015. The company said Tuesday Lewis and Whitlow were also elected to the corporate leadership team as part of their appointment. Lewis, with 25 years of experience on global HR strategy, is currently HR vice president at Lockheed’s...

Joe Serra: Lockheed to Extend AF Guided Bomb Kits Production

lockheed martin
Lockheed Martin (NYSE: LMT) has been awarded a $40.3 million follow-on contract to continue producing laser-guided munition systems for the U.S. Air Force. The company expects to start delivery of additional Paveway II Plus bomb kits to the military branch in June 2015, Lockheed said Tuesday. Joe Serra, precision guided systems manager at Lockheed Martin’s missiles and fire control business,...

State Dept OKs $1.4B PAC-3 Missile Sale to South Korea

MissileDefense
State Dept. photo The State Department has approved a $1.405 billion foreign military sale of Patriot Advanced Capability missiles and components to South Korea. Raytheon (NYSE: RTN) and Lockheed Martin‘s (NYSE: LMT) missiles and fire control business are the primary contractors for the sale, the State Department said Wednesday. South Korea has ordered 136 PAC-3 missiles with containers, flight...

Marillyn Hewson: Lockheed Makes Federal Health IT Play With Buy of Systems Made Simple

Marillyn Hewson
Marillyn Hewson Lockheed Martin (NYSE: LMT) has agreed to acquire Syracuse, New York-based health information technology services contractor Systems Made Simple for an undisclosed sum in a push to expand offerings in the federal health IT market. The companies expect to close the deal within 30 days and Systems Made Simple will be a part of Lockheed’s information systems and global solutions...

Report: Israel to Place 2nd Lockheed F-35 Order

F-35
Israel will order 25 Lockheed Martin (NYSE: LMT) F-35A fighters in addition to the 19 jets the nation committed to buy in 2010 from the U.S. government, Defense News reported Wednesday. Aaron Mehta writes the government of Israel ordered a first set of Lockheed-built conventional takeoff and landing fighters four years ago through the Defense Department‘s foreign military sales program. Israel...

Report: DoD, Lockheed Forge $4B Deal on 8th F-35 Production Batch

F-35
Lockheed Martin (NYSE: LMT) and the U.S. Defense Department have struck a $4 billion agreement for the company to build 43 additional F-35 jets, Reuters reported Thursday. Andrea Shalal writes the agreement for the F-35 program’s eighth batch seeks to lower the fighter’s cost by as much as 3 percent and to provide F-35s for U.S. partner nations. Twenty-seven planes would go to the U.S....

October 24 Morning Report: GovCon Index Up at Market Close

GovConIndex
The GovCon Index closed up at 65.734 on Thursday, a change of 1.150 point or 1.719 percent from the previous day.       Top Percentage Gainers Company Stock Price % Change Navistar 34.70 4.96% Textron 38.16 4.26% Northrop Grumman 129.20 3.27% General Dynamics 130.34 3.19% Honeywell 93.58 2.65% Lockheed Martin 180.67 2.65% Market Summary Advancing Issues 26 (86.67%) Declining...