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Search Results for: UTC

December 12 Market Close: GovCon Index Closes Down 1% After Trump F-35 Tweet, Lockheed Falls 2%

Executive Mosaic’s GovCon Index fell 1 percent Monday on a steep by Lockheed Martin‘s (NYSE: LMT) stock at 2 percent as other large defense primes also tumbled after President-elect Donald Trump criticized the F-35 program’s costs in a Twitter post before markets opened. The GovCon Index traded down 2 percent shortly before 12 p.m. Eastern …

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November 9 Market Close: GovCon Index Ends at Record High With 5% Surge, Investors Bet on Defense Spending Uptick

Executive Mosaic’s GovCon Index climbed 5 percent for a record one-day gain and closing value Wednesday as investors made large buys of shares in large defense primes on expectations of increased defense spending under incoming Pres. Donald Trump after his watershed election win Tuesday. The U.S. stock bellwether S&P 500 composite index …

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Pratt & Whitney Awarded $168M Contract for Lot 11 F-35 Propulsion System Components

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a $167.5 million contract to fund long-lead engine materials needed for the low-rate initial production of lot 11 F-35s. Pratt & Whitney will supply 48 F135-PW-100 fighter engines for the U.S. Air Force, four F135-PW-100s for the U.S. Navy and 14 F135-PW-600s for the …

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Reports: DoD Issues $6.1B ‘Unilateral Contract Action’ on 9th Lockheed F-35 Production Batch

The Defense Department has finalized a “unilateral contract” worth more than $6.1 billion to fund Lockheed Martin‘s (NYSE: LMT) low-rate initial production of 57 lot 9 F-35 fighter jets, Reuters reported Wednesday. Mike Stone writes the deal covers 42 F-35As for the U.S. Air Force, Japan, Israel and Norway; 13 F-35Bs for the U.S. Marine Corps and the …

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Weekly Roundup October 24 – October 28, 2016: Sector Execs Offer Outlooks at 3Q Checkpoint & more

October 24 – October 28, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Outlooks of the government contracting market’s future trajectory and its ongoing dynamics dominated the attention of sector leaders and observers this week, during which GovCon Wire helped capture the larger …

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Emergent BioSolutions Gets $199M HHS Funds to Mature Anthrax Vaccine Candidate

The Department of Health and Human Services has awarded Emergent BioSolutions a five-year, $198.7 million contract to further mature the development of an anthrax vaccine in preparation for a Food and Drug Administration license. The HHS office of the assistant secretary for preparedness and response’s Biomedical Advanced Research and Development …

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GE, ATEC Land $256M in Turbine Engine Design Review Contracts With Army

The U.S. Army has awarded a $154 million contract to General Electric‘s (NYSE: GE) aviation segment and a $102 million contract to Advanced Turbine Engine Co. to conduct preliminary design reviews for an updated helicopter turbine engine technology. The Defense Department said Monday the companies will assess the design of the engine for potential use on UH-60 Blackhawk and AH-64E Apache helicopters. DoD added …

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USAF Awards Boeing Potential $254M F-15 Aircraft Fatigue Testing IDIQ

Boeing (NYSE: BA) has received a potential $254.2 million indefinite-delivery/indefinite–quantity contract to test, repair and analyze the aircraft test articles for the U.S. Air Force’s F-15C and F-15E jets. The Defense Department said Thursday Boeing will perform the testing part of the contract on tasks meant to help the military branch evaluate …

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Pratt & Whitney Lands Navy Contract Modification for F-35 Support Equipment, Depot Activation Services

United Technologies Corp.‘s (NYSE: UTX) Pratt & Whitney subsidiary has received a three-year, $151.7 contract modification from the U.S. Navy to provide a range of F-35 Lightning II aircraft supplies and services. The Defense Department said Wednesday the modification covers initial spare modules, engine system trainers, support equipment and depot activation services and supplies …

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