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Tag Archives: Lockheed Martin

Lockheed Subsidiary Gets Award for Support to VA Program; Horace Blackman Comments

Horace Blackman

TYSONS CORNER, VA, July 19, 2016 — Lockheed Martin‘s (NYSE: LMT) Systems Made Simple subsidiary has received recognition from the Association of Management Consulting Firms for the company’s support for the Department of Veterans Affairs‘ My HealtheVet sustainment program, GovCon Executive reported Thursday. Systems Made Simple earned the association’s 2016 Spotlight Award in …

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Lockheed Boosts Full-Year Guidance on 2Q Earnings, Revenue Beats

F35C launch on USS Nimitz

Lockheed Martin (NYSE: LMT) lifted full-year earnings and revenue guidance Tuesday and exceeded analysts’ second quarter estimates for both figures on sales from the Sikorsky helicopter business acquired in November as negotiations between the company and U.S. government continue on the next two F-35 fighter jet batches. Bethesda, Maryland-based Lockheed said it now expects 2016 …

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NASA Taps 5 Companies to Develop Mars Orbiter Concepts

NASA Mars exploration program

NASA has awarded separate contracts to five companies to perform concept studies for a future Mars orbiter mission as part of efforts to develop telecommunications and global high-resolution imaging tools to support the space agency’s exploration of the Red Planet. The agency said Monday its Jet Propulsion Laboratory will manage four-month concept studies by Boeing (NYSE: BA), Lockheed …

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July 18 Market Close: GovCon Index Slightly Down Ahead of Lockheed 2Q Earnings Report

GovConIndexDOWN

Executive Mosaic’s GovCon Index traded lower Monday and the U.S. stock bellwether S&P 500 composite index closed at a new all-time record as investors mulled new second quarter earnings reports as many GCI companies prepare to state their April-June results. The GovCon Index closed down 0.233 points to 81.586 with four of the GCI’s …

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July 18 Morning Report: GovCon Index Posts Nominal Decline Ahead of Q2 Earnings Season

GovConIndexDOWN

Executive Mosaic’s GovCon Index posted a nominal loss of 0.004 points to 81.819 Friday to end a four-day rally but closed the week up 1.257 percent. The second-quarter earnings season opens Tuesday, and Lockheed Martin (NYSE: LMT) will be the first GovCon Index company to report second-quarter earnings with its statement due prior to the opening bell. Top GovCon …

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July 15 Market Close: GovCon Index Flat Ahead of 2Q Earnings Season’s Start

GovConIndexDOWN

Executive Mosaic’s GovCon Index fell into narrow range mid-morning after a positive open Friday as defense and contracting stocks ended the week-long rally ahead of the start of second quarter earnings season Tuesday. The GovCon Index posted a nominal loss of 0.004 points to 81.819 but ended the week up 1.257 percent, while …

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Weekly Roundup July 11 – July 15 2016: Boeing Throws Hat Into Defense Services M&A Mix & more

Logistics

July 11 – July 15 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson    One of the world’s two largest airplane manufacturers is mulling acquisitions in the defense services arena that would continue a trend among prime contractors toward capability-based deals. Leanne Caret, …

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July 14 Market Close: GovCon Index Boosted on Boeing, General Dynamics Gains

GovConIndexUP

Executive Mosaic’s GovCon Index held higher for a fifth straight session Thursday on contributions from aerospace stocks Boeing (NYSE: BA) and General Dynamics (NYSE: GD) as U.S. financial markets received a boost from gains in JPMorgan (NYSE: JPM) shares. The GovCon Index rose 0.072 points to a record 81.823 as the S&P …

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Lockheed Eyes 300 Jobs With Space Tech Processing Operations Expansion in Florida

lockheed martin

TYSONS CORNER, VA, July 14, 2016 — Lockheed Martin (NYSE: LMT) will expand its spacecraft technology processing operations in Florida through a facility run by its Astrotech Space Operations subsidiary, ExecutiveBiz reported Wednesday. The Economic Development Commission of Florida’s Space Coast said Tuesday the expansion in Titusville could generate up to 300 jobs in the …

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Lockheed-Northrop JV to Update Apache Radar System Under $90M Army Contract

Apache

A joint venture of Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) has received a potential $89.8 million contract to update the fire control radar systems on the U.S. Army’s Apache helicopters. Longbow LLC will perform software updates and build 84 radar electronics units under the contract, Lockheed said Wednesday. The Longbow Fire Control …

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