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Tag Archives: Lockheed

Proposed $260M F-16 Logistics Foreign Military Sale to Oman Gets State Dept Clearance

F16Fleet

The State Department has approved a $260 million foreign military sale of logistics support services, support and communications equipment, personnel training and spare and repair parts for F-16 units to Oman. The Defense Security Cooperation Agency said Thursday the government of Oman has also requested electronic combat international security assistance, contractor engineer …

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Sevatec Appoints Anantha Bangalore CTO

Anantha Bangalore

Sevatec has named Anantha Bangalore, former chief technical officer at Blackstone Technology Group, as chief technology officer to oversee the development of technology offerings and partnerships. The Fairfax, Virginia-based technology services contractor said Tuesday Bangalore brings with him 20 years of experience in information technology, most recently at BTG where he led technical strategy and …

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Army Picks Lockheed Rocket Pods for $332M FMS to Israel, Finland, Jordan, Singapore

lockheed martin

Lockheed Martin (NYSE: LMT) will provide the U.S. Army various rocket pods for Israel, Finland, Jordan and Singapore under a $331.8 million foreign military sales contract. The Defense Department said Thursday Lockheed’s missile and fire control business will supply 290 Guided Multiple Launch Rocket System alternative warhead rocket pods, 34 GMLRS unitary rocket pods and …

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Lockheed Secures $322M Contract to Support Navy Anti-Ship Missile Integration, Testing

lockheed martin

Lockheed Martin (NYSE: LMT) has received a $321.8 million contract from the U.S. Navy to support the integration and test phase of the Long Range Anti-Ship Missile program. The Defense Department said Friday such a contract would complete all remaining efforts to design LRASM’s hardware and software, retire open risks, build and assess missile test articles against system …

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Lockheed, Raytheon Get $650M in Contract Modifications to Extend AF Laser-Guided Bombs Production

Paveway II

Lockheed Martin (NYSE:LMT) and Raytheon (NYSE:RTN) have been awarded contract modifications worth a combined $649.7 million to continue to build Paveway II laser-guided bombs for the U.S. Air Force. The modifications extend the work’s performance period for five years through July 27, 2023, the Defense Department said Monday. DoD noted the Air Force Life Cycle Management Center …

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

krone_roger_wash100_2016

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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January 25 Market Close: GovCon Index Falls Back Into Correction Ahead of Earnings Week for ‘Big Five’ Contractors and Others

GovConIndexDOWN

The GovCon Index retreated with a loss of 1.295 percent to 70.580 Monday in a move that puts the Index back into a correction, or 10 percent off its most recent high, for the second time this month. Monday’s plunge starts a week in which investors who follow defense and government contracting sectors await a batch of …

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L-3 Agrees on $550M Gov’t Services Segment Sale to CACI

Computer-Engineering

New York City-based defense contractor L-3 Communications (NYSE: LLL) has agreed to sell its government services business segment to Arlington, Virginia-headquartered public sector services company CACI International (NYSE: CACI) for $550 million cash, the companies said Tuesday. The companies expect the transaction to close by March 2016 pending regulatory approvals and CACI said in investor slides …

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December 7 Market Close: GovCon Index Plummets as Oil Price Declines Sink US Markets

GovConIndexDOWN

The GovCon Index followed across-the-board declines in U.S. markets Friday with a loss of 0.307 points to 78.031 and only five out of 30 contractors that ended the day with gains. U.S. stocks tumbled as crude oil in New York settled down 5.8 percent to a new six-and-a-half-year low of $37.65 a barrel, …

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Pentagon Details Possible Lockheed, Boeing South Korea Jet Sales

F35

The Defense Department has outlined how potential sales of new fighter jets to South Korea would occur depending on which jet the country selects, Defense News reports. Aaron Mehta reports Lockheed Martin (NYSE: LMT) is offering its F-35 Joint Strike Fighter, Boeing (NYSE: BA) is proposing its F-15SE Silent Eagle and Eurofighter …

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