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Tag Archives: Lockheed Martin

Lockheed Vet Michael Grasso Joins Engility as Business Development Leader

Michael_Grasso

Michael Grasso, a 35-year veteran and former vice president of government relations at Lockheed Martin (NYSE: LMT), has joined Engility (NYSE: EGL) as senior vice president of business development and strategic planning for the government services contractor. Engility said Monday he will report directly to CEO Lynn Dugle in his new role. Grasso’s career at Lockheed includes …

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Lockheed Secures Potential $10B IDIQ for Air Force C-130J Production Support

AC130J

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential 10-year,  $10.02 billion indefinite-delivery/indefinite-quantity contract to support the military branch’s C-130J Super Hercules production effort. The sole-source contract also includes foreign military sales, the Defense Department said Friday. DoD expects Lockheed’s aeronautics segment in Marietta, Georgia to finish contract work Aug. 18, 2026. The …

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August 19 Market Close: GovCon Index Narrowly Down, Ends Week at Slight Gain

GovConIndexDOWN

Executive Mosaic’s GovCon Index pared back some losses in late afternoon trade Friday to register a narrow weekly gain as Lockheed Martin (NYSE: LMT) extended its stretch of declines to a fourth straight day and CACI International (NYSE: CACI) again led gainers along with other mid-tier primes. Four of the GovCon Index’s 11 S&P …

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Leidos Adds 3 New Board Members; Roger Krone Comments

Roger Krone

TYSONS CORNER, VA, Aug. 19, 2016 — Leidos (NYSE: LDOS) has added Gregory Dahlberg, Surya Mohapatra and Susan Stalnecker to its board of directors as the company closes its $5 billion merger with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions segment, GovCon Executive reported Wednesday. The appointments bring Leidos’ …

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August 18 Market Close: GovCon Index Lifted on CACI Earnings Beat, Energy Leads US Stock Gains on Oil Spike

GovConIndexUP

Executive Mosaic’s GovCon Index rebounded Thursday from a two-session stretch of losses on a surge by CACI International‘s (NYSE: CACI) stock after the government services contractor topped Wall Street’s fourth quarter and full-year forecasts. Arlington, Virginia-based CACI said the February acquisition of the National Security Solutions business from L-3 Communications (NYSE: LLL) helped …

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Lockheed Martin Unveils Pilot Training Facility for T-50A Trainer Aircraft

lockheed martin

TYSONS CORNER, VA, Aug. 18, 2016 — Lockheed Martin (NYSE: LMT) has opened a pilot training facility for the T-50A trainer aircraft in South Carolina as it eyes the U.S. Air Force‘s T-X trainer replacement contract, ExecutiveBiz reported Wednesday. The company said Tuesday the facility will house tooling and manufacturing equipment for the T-50A’s …

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August 17 Market Close: GovCon Index Slide Deepens on Lockheed & Services Stock Declines

GovConIndexDOWN

Executive Mosaic’s GovCon Index extended its losses Wednesday on another steep drop by Lockheed Martin (NYSE: LMT) and declines by services contractor stocks despite an afternoon reversal by U.S. stocks into narrow range from red after the latest Federal Reserve meeting minutes went public. GCI gainers slightly outnumbered laggers with one stock …

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Lockheed’s PAC-3 MSE Gets Initial Operational Capability Status

lockheed martin

TYSONS CORNER, VA, Aug. 17, 2016 — Lockheed Martin‘s (NYSE: LMT) PAC-3 Missile Segment Enhancement interceptor system has reached initial operational capability status following a review by the U.S. Army, ExecutiveBiz reported Tuesday. The company said Tuesday it previously achieved Milestone C approval for PAC-3 MSE and received an initial contract for the missile system from the Army …

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MBDA to Provide Infrared Guided Missiles for UK’s F-35s Under Estimated $239M Contract

F-35

MBDA has received an estimated $239 million contract from the U.K. defense ministry to provide infrared air-to-air missiles for the country’s F-35 Lightning II fighter jet fleet. The Advanced Short Range Air-to-Air Missile will be the first missile from a U.K. company that will integrate with the Lockheed Martin-built (NYSE: LMT) F-35, MBDA said Tuesday. ASRAAM’s …

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Leidos’ Roger Krone Discusses Change in US Leadership and its Potential Impact on Defense Spending

Roger Krone

Roger Krone, chairman and CEO of Leidos (NYSE: LDOS), told CNBC in an interview aired Tuesday that he thinks that all U.S. presidents tend to act the same way when it comes to the country’s defense and security of its citizens. Krone made the comment in response to a question on …

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