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Tag Archives: Lockheed

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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Northrop To Integrate B-2 Electronic Warfare System; Lauren Stevens Comments

NorthropLogo

Northrop Grumman (NYSE: NOC) has won a contract to continue developing an electronic warfare system for the U.S. Air Force‘s B-2 bomber. The Air Force awarded the potential three-year contract to update the bomber’s defensive management system with a new Lockheed Martin-made (NYSE: LMT) avionics graphics processor and antennas made …

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Lockheed Selects BAE to Make THAAD Seekers; Barry Yeadon Comments

BAE Systems has won $81 million in contract funds from Lockheed Martin (NYSE: LMT) to produce infrared seekers for a ballistic missile defense system, BAE announced Tuesday. BAE will produce 143 seekers for the Terminal High Altitude Area Defense program, for which Lockheed is the prime contractor (click here for our …

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Lockheed to Compete on $23B Army Enterprise Logistics Program; June Shrewsbury Comments

Lockheed Martin (NYSE: LMT) will compete to provide the U.S. Army maintenance operations, supply support and transportation services on a contract vehicle potentially worth $23 billion to all awardees. The company said the Army uses the five-year Enhanced Army Global Logistics Enterprise program to acquire equipment transportation and maintenance services, …

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