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Search Results for: Lockheed

Army Issues Final RFP on Humvee-Replacement Vehicles

The U.S. Army is seeking proposals for the production of 17, 000 Joint Light Tactical Vehicles for the Army and U.S. Marine Corps under a potential firm-fixed-price contract, Defense News reported Friday. Joe Gould writes that Lockheed Martin (NYSE: LMT), AM General and Oshkosh Defense (NYSE: OSK) are among the companies that could submit proposals. …

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Barbara Humpton Promoted to COO at Siemens’ US Federal Org; Judy Marks Comments

Barbara Humpton, formerly senior vice president of business development for Siemens‘ U.S. federal business organization, has been promoted to the newly-created position of chief operating officer. She will lead efforts to identify new business opportunities and land new work in the federal market for Siemens Government Technologies, Siemens said Thursday. Judy Marks, …

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

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, logistics and …

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Anne Altman, IBM Federal Head, Lands ‘Executive of the Year’ Honor at GovCon Awards

Anne Altman, general manager of federal government and industries at IBM, has been selected as this year’s winner of the Greater Washington Government Contractor Awards‘ “Executive of the Year” honor for leaders of contractors that exceed $300 million in revenue. Altman, a three-decade company veteran who became IBM’s U.S. federal business leader in January …

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

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, …

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October 24 Morning Report: GovCon Index Up at Market Close

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 …

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October 23 Morning Report: GovCon Index Down at Market Close

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 …

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Cubic Announces Exec Changes at Transportation Systems Arm; Matt Newsome, Matt Cole Comment

Cubic‘s (NASDAQ: CUB) transportation systems subsidiary has promoted Dave Blue and Rasheed Behrooznia and transferred Pradip Mistry as part of leadership changes in the company’s sales, engineering and research and development businesses. Blue will serve as vice president of sales and account management while Behrooznia will be VP of engineering for the Americas, the …

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Tim Glaeser: Raytheon Expects US, Qatar to Close Patriot System Deal By 2014’s End

Tim Glaeser, a vice president at Raytheon (NYSE: RTN), expects the governments of U.S. and Qatar to reach an agreement by the end of the year for Qatar to purchase a Patriot missile defense system from the U.S. through a foreign military sales agreement, Reuters reported Tuesday. Glaeser, vice president of Raytheon’s integrated defense …

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Raytheon to Produce 3D Long-Range Radars for Air Force

Raytheon (NYSE: RTN) has won a potential $71.8 million contract to engineer, manufacture and develop the U.S. Air Force‘s three-dimensional expeditionary long-range radar systems. The 3DELRR EMD contract has a $19, 502, 764 base value and calls for the company to deliver up to six radar platforms, as well as product …

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