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Tag Archives: Lockheed Martin

Lockheed Secures Contract for ‘Consolidated Automated Support System’ Logistics, Maintenance

lockheed martin

TYSONS CORNER, VA, April 27, 2016 — Lockheed Martin‘s (NYSE: LMT) mission systems and training business will provide logistics, maintenance and support services for an estimated 400 Consolidated Automated Support System stations under a $21.9 million U.S. Navy contract, ExecutiveBiz reported Tuesday. The Defense Department said Monday the contract also covers support for 150 reconfigurable, …

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Roger Krone: SETA Service Contracts Minimal in Leidos-Lockheed IS&GS Combination

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The merger of Leidos Holdings (NYSE: LDOS) with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business involves “one or two” contracts for systems engineering and technical assistance service work that has largely been spun out of the latter company, Leidos CEO Roger Krone told investors Tuesday. Krone said Lockheed shifted …

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April 26 Market Close: GovCon Index Soars 1% on Lockheed Forecast Lift & Defense Prime Gains

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The GovCon Index outpaced narrow activity in U.S. financial markets Tuesday with a sharp gain of 1.258 percent to 76.924 Tuesday on Lockheed Martin‘s (NYSE: LMT) lift of its full-year earnings and revenue outlook and subsequent positive swings by many prime aerospace and defense contractors. Lockheed led all net change gainers at $5.86 or …

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Lockheed Awaits UK Regulatory Review Over Leidos Deal; IS&GS 2016 Forecast Lifted

lockheed martin

Lockheed Martin (NYSE: LMT) has one pending regulatory review remaining in the U.K. over the merger of its information systems and global solutions business with Leidos Holdings (NYSE: LDOS) ahead of the deal’s intended closure in either the third or fourth quarter, Lockheed CEO Marillyn Hewson told investors Tuesday. Both companies agreed in …

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Lockheed Boosts 2016 Earnings, Revenue Outlook

lockheed martin

Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index and an S&P 500 stock — lifted its profit and revenue outlooks for 2016 despite a year-over-year decline in first quarter net income due to one-off charges for workforce reductions and other items. The Bethesda, Maryland-based aerospace and …

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Navy Awards 12 Spots on $800M Multifunction RF Systems IDIQ

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The U.S. Navy has awarded positions to 12 companies on a five-year, $800 million contract to prototype radio frequency components for electronic warfare, communications, radar and information operations. The Defense Department said Monday contractors will vie for task orders to research, design, fabricate, integrate and test open RF systems as part of the Navy’s Electromagnetic Maneuver …

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April 25 Market Close: GovCon Index, US Stocks Weighed By Oil Declines & Earnings Worries

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The GovCon Index followed the larger market forces of oil declines and concerns over corporate earnings reports Monday with a decline of 0.401 points to 75.968 on the first day of April 2016’s last trading week. As covered in our Friday market close report, 11 GCI-listed companies will release their latest quarterly …

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Lockheed Gets $74M Contract Modification for Japan F-35A Production Materials

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The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $73.8 million contract modification to acquire long-lead parts and components needed to build F-35A fighter jets for Japan. The Defense Department said Friday that Lockheed will use the materials to complete and deliver six F-35As under low-rate initial production Lot 12 to Japan through DoD’s …

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April 25 Morning Report: GovCon Index Posts Positive Week Ahead of 1Q Earnings Reports

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The GovCon Index ended the Friday trading session with a gain of 0.387 points to 76.369 to close its second consecutive week in positive territory. Eleven GCI-listed companies, including the five largest government and defense contractors in the U.S., will report first-quarter earnings this week. The schedule is as follows: Tuesday: Lockheed Martin (NYSE: LMT) …

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April 22 Market Close: GovCon Index Holds Positive Against Volatile Markets Ahead of 1Q Defense Earnings Week

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The GovCon Index held against choppy trading activity in U.S. markets during the afternoon session Friday to close at a gain of 0.387 points to 76.369 and notch its second consecutive week in the positive. Friday also marks the Index’s seventh weekly gain over the last eight in a stretch that has seen it climb nearly …

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