Navy Orders 2 Lockheed Submarine Sonar Arrays

lockheed martin
Lockheed Martin (NYSE: LMT) has received an $8 million contract modification to provide the U.S. Navy with two additional sonar systems intended to help submarines avoid other vehicles under the sea. The Defense Department said Thursday the company will produce two AN/BQQ-25 low cost conformal arrays and associated outboard electronic canisters and spare parts. The modification exercises an option...

Turkey to Order Lockheed-Built F-35s, Boeing Chinook Helicopters

F-35
Turkey plans to purchase additional four Lockheed Martin (NYSE: LMT)-built F-35s through a foreign military sale agreement with the U.S. government, Daily Sabah reported Thursday. Prime Minister Ahmet Davutoglu said Turkey also wants to procure 100 F-35 fighters through 2030 as part of efforts to modernize the Turkish air force. The government has already placed an order for two F-35 fighters, Davutoglu...

Lockheed Awarded $78M to Upgrade Army Tactical Missile System

lockheed martin
The U.S. Army has awarded Lockheed Martin (NYSE: LMT) a $78 million contract to modernize the branch’s long-range, precision-guided missiles. Lockheed said Wednesday it will use hardware from the Army Tactical Missile System Block 1 to build a new weapon system that would hit targets but pose no unexploded ordnance risk. Production work is scheduled to begin in 2016 and will occur in the company’s...

Lockheed Awarded $662M Transport Aircraft Contract Modification

lockheed martin
Lockheed Martin (NYSE: LMT) has received a $662,032,335 contract modification from the U.S. Air Force to build 10 transport planes and 20 quick engine change kits. The award covers the production of four HC-130J, three KC-130J, two MC-130J and one C-130J aircraft, the Defense Department said Wednesday. The C-130J airlifter family is designed to perform military cargo and personnel transport, search...

Al Nardslico: Systems Made Simple to Continue Supporting VA Claims Process Automation

Al Nardslico
Al Nardslico Systems Made Simple has won a recompete contract to help the Department of Veterans Affairs create and maintain applications for processing veterans’ disability claims electronically. The Lockheed Martin-owned company said Tuesday it has been supporting the agency’s efforts to convert paper claims to digital records under the Veterans Services Network Development and Maintenance...

Stanton Sloane Appointed Comtech President, CEO; Fred Kornberg Comments

Comtech
Stanton Sloane, president and CEO of Decision Sciences International Corp., will join Comtech Telecommunications (NASDAQ: CMTL) as president and CEO by February 2015 and succeed Fred Kornberg. Comtech said Tuesday Kornberg will remain as executive chairman of the board of directors. “Having been a director of Comtech since January 2012 and a long-time and seasoned senior executive with deep...

December 18 Market Close: GovCon Index Soars 2%, Scales 70-Point Mark

GovConIndex
The GovCon Index reached the 70-point barrier for the first time in eight trading days with an increase of 2.446 percent — or 1.761 points — to close at 70.214 on Thursday. Only one company in the index recorded a loss and the remaining 29 all saw increases in a day that saw the S&P 500 composite index make its biggest one-day climb since November 2011 and the Dow Jones Industrial...

Joe North: Lockheed to Extend MK 41 Launch System Production for Navy

lockheed martin
Lockheed Martin (NYSE: LMT) will continue to produce MK 41 Vertical Launch Systems and provide spare parts management services to the U.S. Navy through 2022 under a potential $356 million contract. The company said Monday the contract covers VLS launch control units and mechanical structure as well as final assembly, test and repair services, which the company will perform in Baltimore. “We...

Poland to Buy Lockheed Standoff Missiles for F-16 Fleet

JASSM Joint Air-to-Surface Standoff Missile
The government of Poland has signed a contract to purchase Lockheed Martin‘s (NYSE: LMT) Joint Air-to-Surface Standoff Missiles, associated tools and training for the country’s F-16 aircraft fleet. Poland’s national defense ministry said Thursday the contract with the U.S. government includes tools to aid JASSM’s integration with the aircraft, pilot and ground crew training...

Army Issues Final RFP on Humvee-Replacement Vehicles

JLTV
The U.S. Army is seeking proposals for the production of 17,000 Joint Light Tactical Vehicles for the Army and U.S. Marine Corps under a potential firm-fixed-price contract, Defense News reported Friday. Joe Gould writes that Lockheed Martin (NYSE: LMT), AM General and Oshkosh Defense (NYSE: OSK) are among the companies that could submit proposals. JLTV Project Manager Col. John Cavedo Jr. said...