State Dept Approves $188M F-16 Sustainment Services Sale to Greece

F16Fleet
Greece has placed an order for F-16 aircraft sustainment and related services by Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) through a $188 million foreign military sale agreement with the State Department. The NATO ally requested for electronic combat security assistance, engine management, technical coordination, structural integrity, hardware and software support, repair,...

Patricia Lewis, Jennifer Whitlow Promoted to SVP Ranks at Lockheed

lockheed martin
Lockheed Martin (NYSE: LMT) has promoted Patricia Lewis to senior vice president of human resources and Jennifer Whitlow to SVP of communications effective January 1, 2015. The company said Tuesday Lewis and Whitlow were also elected to the corporate leadership team as part of their appointment. Lewis, with 25 years of experience on global HR strategy, is currently HR vice president at Lockheed’s...

Joe Serra: Lockheed to Extend AF Guided Bomb Kits Production

lockheed martin
Lockheed Martin (NYSE: LMT) has been awarded a $40.3 million follow-on contract to continue producing laser-guided munition systems for the U.S. Air Force. The company expects to start delivery of additional Paveway II Plus bomb kits to the military branch in June 2015, Lockheed said Tuesday. Joe Serra, precision guided systems manager at Lockheed Martin’s missiles and fire control business,...

State Dept OKs $1.4B PAC-3 Missile Sale to South Korea

MissileDefense
State Dept. photo The State Department has approved a $1.405 billion foreign military sale of Patriot Advanced Capability missiles and components to South Korea. Raytheon (NYSE: RTN) and Lockheed Martin‘s (NYSE: LMT) missiles and fire control business are the primary contractors for the sale, the State Department said Wednesday. South Korea has ordered 136 PAC-3 missiles with containers, flight...

Marillyn Hewson: Lockheed Makes Federal Health IT Play With Buy of Systems Made Simple

Marillyn Hewson
Marillyn Hewson Lockheed Martin (NYSE: LMT) has agreed to acquire Syracuse, New York-based health information technology services contractor Systems Made Simple for an undisclosed sum in a push to expand offerings in the federal health IT market. The companies expect to close the deal within 30 days and Systems Made Simple will be a part of Lockheed’s information systems and global solutions...

Report: Israel to Place 2nd Lockheed F-35 Order

F-35
Israel will order 25 Lockheed Martin (NYSE: LMT) F-35A fighters in addition to the 19 jets the nation committed to buy in 2010 from the U.S. government, Defense News reported Wednesday. Aaron Mehta writes the government of Israel ordered a first set of Lockheed-built conventional takeoff and landing fighters four years ago through the Defense Department‘s foreign military sales program. Israel...

Report: DoD, Lockheed Forge $4B Deal on 8th F-35 Production Batch

F-35
Lockheed Martin (NYSE: LMT) and the U.S. Defense Department have struck a $4 billion agreement for the company to build 43 additional F-35 jets, Reuters reported Thursday. Andrea Shalal writes the agreement for the F-35 program’s eighth batch seeks to lower the fighter’s cost by as much as 3 percent and to provide F-35s for U.S. partner nations. Twenty-seven planes would go to the U.S....

October 24 Morning Report: GovCon Index Up at Market Close

GovConIndex
The GovCon Index closed up at 65.734 on Thursday, a change of 1.150 point or 1.719 percent from the previous day.       Top Percentage Gainers Company Stock Price % Change Navistar 34.70 4.96% Textron 38.16 4.26% Northrop Grumman 129.20 3.27% General Dynamics 130.34 3.19% Honeywell 93.58 2.65% Lockheed Martin 180.67 2.65% Market Summary Advancing Issues 26 (86.67%) Declining...

October 23 Morning Report: GovCon Index Down at Market Close

GovConIndex
The 30-company GovCon Index closed at 64.584 on Wednesday, down by 0.270 point or 0.419 percent from the previous day. The Standard & Poors 500 index dropped 0.7 percent to 1927 points, the Nasdaq composite index registered an 0.8 percent fall to 4383 and the Dow Jones industrial average inched down 0.9 percent to 16,461 as markets reacted to news of falling oil prices and a shooting in...

Qatar Taps Lockheed PAC-3 Missiles; Scott Arnold Comments

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Qatar will purchase the Lockheed Martin (NYSE: LMT) PAC-3 Missile and associated command launch system for the country’s air force under an initial contract. The company said Wednesday that Qatar is its eighth international customer for the PAC-3 missile system. PAC-3 works to provide “hit-to-kill” capability, said Scott Arnold, vice president of PAC-3 programs at Lockheed’s...