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Tag Archives: Lockheed Martin

Former Booz Allen Exec Tony Vanchieri Named Buchanan & Edwards Business Devt Director

Tony Vanchieri, formerly a senior associate at Booz Allen Hamilton (NYSE: BAH), has been named director of business development at Arlington, Virginia-based government information technology and consulting services provider Buchanan & Edwards. He will oversee efforts to seek contract opportunities with the departments of Justice and Homeland Security in support …

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Erich Sanchack, SVP & GM of Federal Sales at CenturyLink, Added to 2017 Wash100

Executive Mosaic, Tysons Corner, VA March 22, 2017 — Erich Sanchack, senior vice president and general manager of CenturyLink‘s federal business, has been chosen for this year’s Executive Mosaic Wash100 for his leadership in federal telecommunications and virtualization. The Wash100 is the premier group of private and public sector executives selected …

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Report: Lockheed Aims to Save $5B on F-35 Program Amid Lot 11 Contract Negotiations

Lockheed Martin (NYSE: LMT) has initiated talks with suppliers to generate $5 billion in cost savings on the F-35 program as the company negotiates a contract to produce the 11th batch of fighter jets, Bloomberg reported Tuesday. Julie Johnsson and Anthony Capaccio write Lockheed CEO Marillyn Hewson, also an inductee into …

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March 20 Market Close: GovCon Index Closes Down, as Equities Markets Close Mixed

Executive Mosaic’s GovCon Index moved downward as the equities markets closed mixed on the day. The S&P 500 and DJIA ended the day down off -0.20 percent and -0.04 percent respectively while the NASDAQ closed up +0.01. Stocks reacted as Federal Reserve Bank of Chicago President Charles Evans eluted to the …

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Lockheed Gets $99M Modification on Navy EW System Upgrade Contract

Lockheed Martin‘s (NYSE: LMT) rotary and mission systems business has secured a $98.5 million contract modification to update the U.S. Navy‘s AN/SLQ-32 electronic warfare system. The Defense Department said Friday the modification covers full-rate production of the Surface Electronic Warfare Improvement Program‘s Block 2 subsystems. Block 2 is designed to provide updated …

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Reuters: Germany Eyes $966M Lockheed C-130J Aircraft Procurement

Germany looks to procure six C-130J Super Hercules airlifters worth approximately $966 million from Lockheed Martin (NYSE: LMT) as part of a joint operating agreement with France, Reuters reported Friday. Andrea Shalal writes Germany aims to send a formal request to the U.S. government in 2019 to buy C-130Js in support of European defense cooperation efforts. The report said France …

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March 20 Morning Report: GovCon Index Closes Week in the Positive as Fed Raises Rates To 1.00 Percent

On Wednesday of last the Federal Reserve raised rates by one quarter point to 1.0 percent, while giving a strong indication of the potential for two additional rate increases to come later in the year. Executive Mosaic’s GovCon Index moved up to end the week in the positive. The Index closed …

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March 17 Market Close: GovCon Index Ends Week Up, as Markets Show Modest Weekly Gains

Executive Mosaic’s GovCon Index moved contrary to the markets today to end the week in the positive. The Index closed at 94.094, up 0.853 percent from the week’s open. The markets closed mixed for the day with the S&P 500 and DJIA closing down, 0.13 percent and 0.10 percent respectively. The …

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March 16 Market Close: GovCon Index Down, With Mixed Market Closings

Executive Mosaic’s GovCon Index closed down on the day as markets were mixed. After the Federal Reserve raised rates by one quarter point yesterday the markets responded with modest losses on the S&P500 and DJIA and a nominal gain on the NASDAQ. Treasury yields moved higher and the dollar lower. GovCon …

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Lockheed Secures Potential $347M Contract to Continue Support for DoD Cybercrime Center

Lockheed Martin (NYSE: LMT) has received a potential five-year, $347 million contract from the General Services Administration to provide a range of technical, functional and managerial support services at the Defense Department‘s cybercrime center. The contract covers Defense Cyber Crime Center services such as leadership and staffing for the DoD Collaborative Information Sharing Environment, Defense Computer …

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