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Lockheed Appoints Dan Schultz President of New Sikorsky Unit; Marillyn Hewson Comments

Dan Schultz, formerly vice president of Lockheed Martin‘s (NYSE: LMT) ship and aviation systems business, will serve as president of the company’s newly acquired Sikorsky helicopter business. Lockheed said Friday Schultz led Sikorsky’s integration into the Lockheed mission systems and training organization as the acquisition moved toward a close last week. “He …

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

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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Weekly Roundup Nov 9 – Nov 13 2015: BAE’s Decision Gives Some US Govt Services M&A Clarity & more

Weekly Roundup Nov 9 – Nov 13 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson What will the U.S. government services market look like when we enter 2016 and who will be in it? We received some clarity to that question early Thursday morning …

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Lockheed Martin Wraps Up C4ISR Mission System Pallet Delivery

Lockheed Martin (NYSE: LMT) delivered the final C4ISR mission system pallet for the U.S. Coast Guard’s Medium Range Surveillance aircraft. The delivery was the ninth of the order under a $41 million deal awarded in 2008. “By collaborating closely with Coast Guard personnel throughout the process and incorporating their ideas …

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Lockheed Martin Signs C4ISR Deal with Coast Guard

Lockheed Martin (NYSE: LMT) picked up a $66 million contract to provide the C4ISR system for the United States Coast Guard’s fourth National Security Cutter. According to the firm, “the C4ISR system will provide the 418-foot NSC 4 with comprehensive, real-time situational awareness, commonality and interoperability with other government agencies …

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Lockheed Wins Engineering Design Deal from Navy

Lockheed Martin (NYSE: LMT) has won a $17 million contract to provide engineering design services for the MK 41 Vertical Launching System (VLS) on the U.S. Navy’s Ticonderoga-class cruisers and Arleigh Burke-class guided missile destroyers. The cost-plus-fixed fee contract combines purchases for the U.S. Navy and eight Allied navies under …

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Lockheed’s Revised 2016 Outlook Post-Leidos Deal Tops Street Consensus

Lockheed Martin (NYSE: LMT) unveiled revised full-year earnings and revenue guidance that exceeded Wall Street’s expectations Monday in the defense contractor’s first financial statement since the Aug. 16 spinout and merger of its former government services segment into Leidos Holdings (NYSE: LDOS). GovCon Index– and S&P 500-listed Lockheed sees earnings of $12.10 per share and $46.5 billion in revenue for …

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Lockheed Boosts 2016 Earnings, Revenue Outlook

Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index and an S&P 500 stock — lifted its profit and revenue outlooks for 2016 despite a year-over-year decline in first quarter net income due to one-off charges for workforce reductions and other items. The Bethesda, Maryland-based aerospace and …

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Bruce Tanner: Lockheed to Extend IT-Govt Services Business Review, Eyes Decision by March 2016

Lockheed Martin (NYSE: LMT) will delay a final decision on a spinoff or sale of a bulk of its information technology and government services businesses until the end of March in order to review offers from potential buyers, the company’s chief financial officer told investors Wednesday. Bruce Tanner told the Credit Suisse Industrials …

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