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Tag Archives: Lockheed Martin

July 20 Market Close: GovCon Index, US Stocks Slightly Up as Investors Digest Earnings

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The GovCon Index closed in neutral territory Monday with a nominal gain of 0.040 points to 77.143. Lockheed Martin‘s (NYSE: LMT) stock price jumped nearly 2 percent after the company said it would examine a separation of its information technology and technical services business and its agreement to purchase helicopter manufacturer Sikorsky Aircraft from United ...

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Lockheed to Explore IT Business Separation, Inks $9B Deal for Helicopter Maker Sikorsky

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Lockheed Martin (NYSE: LMT) will examine a potential separation of its government information technology and technical services business components and has agreed to purchase helicopter manufacturing business Sikorsky Aircraft from United Technologies Corp. for approximately $9 billion. Lockheed announced both moves Monday and said its IT business segment review will look at whether to spin off or ...

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Lockheed Reports 2% Sales Bump for 2Q, Profit Up 4%

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Lockheed Martin (NYSE: LMT) has reported a 2.6 percent year-over-year increase in revenue to $11.6 billion for its fiscal year 2015 second quarter, which ended June 28, and a 4.5-percent increase in profit to $929 million for that same time frame. Sales in the company’s aeronautics, missiles and fire control, and mission systems and training segments ...

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DIA Picks 50 for Potential $6B Enterprise IT Services IDIQ

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The U.S. Defense Intelligence Agency has selected 50 companies to compete for task orders to provide information technology support services to defense and intelligence agencies under a potential five-year, $6 billion contract vehicle. DIA said Friday it received 77 proposals for the Enhanced Solutions for the Information Technology Enterprise program ...

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Rick Ambrose on Lockheed’s Commercial Satellite Portfolio Push

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TYSONS CORNER, VA July 17, 2015 — Rick Ambrose, executive vice president of Lockheed Martin’s (NYSE: LMT) space systems unit, said the company is looking to further strengthen its commercial satellite portfolio with a view of making three commercial deals a year, ExecutiveBiz reported Friday. Via Satellite said Ambrose indicated in an ...

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State Dept OKs South Korea’s Request for $2.5B in F-16 Upgrade Services

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South Korea plans to modernize the country’s KF-16 fighter aircraft fleet through a potential $2.5 billion foreign military sales deal approved by the U.S. State Department. Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) will be the prime contractors for the planned modernization of 134 KF-16C/D Block 52 jets, ...

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Lockheed Lands Follow-on for Pakistan F-16’s Sniper Target Detector

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TYSONS CORNER, VA July 15, 2015 — Lockheed Martin (NYSE: LMT) will produce 15 Sniper advanced targeting pods for Pakistan’s fleet of F-16 aircraft under a follow-on contract with initial delivers slated for 2015, ExecutiveBiz reported Tuesday. Lockheed said the terms of the foreign military sales deal include updating a ...

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July 13 Market Close: GovCon Index, US Stocks Rise in Tandem After Greece Pact

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The GovCon Index extended its gains from the previous two trading days into Monday with a rise of 1.06 percent to close at 76.396 as U.S. markets welcomed reports over a deal between Greece and its creditors. CNBC reports that pact would keep Greece in the Euro zone and get financial aid in return ...

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Wall Street Journal: UTC, Lockheed in Advanced Talks for Potential $8B Deal on Sikorsky

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United Technologies Corp. (NYSE: UTX) and Lockheed Martin (NYSE: LMT) are nearing a potential deal for the sale of UTC’s Sikorsky Aircraft business to Lockheed for at least $8 billion, the Wall Street Journal reported Friday. Dana Mattioli, Ted Mann and Doug Cameron write that the proposed acquisition would be ...

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Lockheed Martin Lands $154M Electronic Warfare Upgrade Contract with US Navy

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Lockheed Martin (NYSE: LMT) has received a $153,947,183 contract modification to update electronic warfare systems on U.S. Navy ships. The new systems are meant to upgrade the Navy’s existing AN/SLQ-32(V) EW technology under the surface electronic warfare improvement program, the Defense Department said Friday. Lockheed Martin will perform work in New York, ...

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