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Tag Archives: Lockheed Martin

May 22 Morning Report: Friday Close – GovCon Index and Markets Reverse Mid Week Slump

After posting strong quarterly earnings McKesson Corporation lead theGovCon Index. McKesson closed up $11.57 per share (8.18 percent) to $153.01. The Executive Mosaic GovCon Index ended Friday up 1.29 percent to 92.864. The major markets showed significant gains reversing the mid week slump with the DJIA recapturing 53 percent of Wednesdays losses. At market …

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May 19 Market Close: GovCon Index and Market Indices Close Week on a Strong Note

The Executive Mosaic GovCon Index ended the week on a positive note up 1.29 percent on the day and up 0.15 percent on the week. McKesson lead the GovCon Index posting a $11.57 per share value increase (8.18 percent) on yesterday’s strong quarterly earning report. The major markets showed significant gains reversing …

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Lockheed’s Sikorsky Lands Army Contract for Black Hawk Tail Rotor Blade Repairs

TYSONS CORNER, VA, May 19, 2017 — Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary will provide tail rotor blade repairs in support of the U.S. Army‘s UH-60 Black Hawk helicopters under a $37.6 million contract, ExecutiveBiz reported Thursday. The Defense Department said Wednesday Sikorsky received $18.4 million in initial funds to work on 381 helicopter tail rotor …

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Report: Saudi Arabia, Lockheed Seal $6B Deal for Modified Littoral Combat Ships

Saudi Arabia and Lockheed Martin (NYSE: LMT) have closed on a $6 billion contract for the Bethesda, Maryland-based defense contractor to deliver four modified versions of Littoral Combat Ships, Bloomberg reported Friday. The deal for Multi-Mission Surface Combatant Ships comes as President Donald Trump heads to the Middle Eastern country as part …

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MDA Increases Lockheed THAAD Field Support IDIQ Ceiling by $112M

Lockheed Martin (NYSE: LMT) has received a potential $112.2 million contract modification from the Missile Defense Agency to continue to provide field support services for the Terminal High Altitude Area Defense system. The modification increases the ceiling value of a previously awarded indefinite delivery/indefinite quantity contract from $449 million to $561.2 million, the Defense Department said Thursday. …

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GA-ASI’s Chris Pehrson Named to Advisory Council of New CNAS Defense Project

TYSONS CORNER, VA, May 17, 2017 — Chris Pehrson, vice president of strategic development at General Atomics’ aeronautical systems business, has been named to the advisory council for the Center for a New American Security’s Evolving the Future Force project, ExecutiveBiz reported Tuesday. CNAS said Monday the new initiative is part of its Defense …

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NJ, Virginia Police to Use Lockheed-Built Small UAS for Search & Rescue Ops

TYSONS CORNER, VA, May 12, 2017 — The Lockheed Martin-built (NYSE: LMT) Indago small unmanned aircraft system will be deployed by law enforcement agencies in New Jersey and Virginia to support search-and-rescue operations for people with special needs, ExecutiveBiz reported Thursday. Lockheed said Wednesday the New Jersey and Virginia sheriff’s offices plan to pair …

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Lockheed, Cobham Vet Angie Casper Named LMI SVP, Chief HR Officer

Angie Casper, a 25-year human resources professional, has joined LMI as a senior vice president and chief HR officer at the Tysons, Virginia-based nonprofit government consulting services contractor. LMI said Wednesday she will oversee efforts to integrate HR strategies and processes with the company’s strategic plan as well as manage career development programs. …

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State Dept Approves $2B Sale of Lockheed, Raytheon Missiles to UAE

The State Department has approved a potential sale to the United Arab Emirates of $2 billion in Patriot missile systems from Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN). UAE requested 60 Lockheed-built Patriot Advanced Capability 3 missiles and Raytheon-made 100 Patriot Guidance Enhanced Missile-Tactical missiles through a foreign military sales agreement with the U.S. government, the Defense Security …

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Lockheed Martin Holds Autonomous, Unmanned Tech Demonstration

TYSONS CORNER, VA, May 11, 2017 — Lockheed Martin (NYSE: LMT) has showcased several unmanned and autonomous technologies during a media event at its missiles and fire control facility in Texas, ExecutiveBiz reported Wednesday. The company said Tuesday technologies included in the demonstration are the Indago quadrotor unmanned aircraft system, Hydra Fusion …

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