Search Results for: lockheed martin

Reports: US Govt Approves $2B Sale of Frigates, Weapons to Taiwan

The State Department has cleared a potential $1.83 billion foreign military sales agreement for Taiwan to procure two Ferry-class guided missile frigates and associated weapons from the U.S., Reuters reported Wednesday. David Brunnstrom and Patricia Zengerle write the department identified Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) as primary …

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Draper Lab Awarded Potential $393M Trident Missile Guidance Support Contract

The U.S. Navy has awarded Charles Stark Draper Laboratory a potential five-year, $393 million contract to help repair, test and maintain guidance systems and support equipment for Trident D5 missiles. Draper will also explore the use of technology to support Trident II guidance and re-entry platforms and a common missile compartment for the …

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Reuters: PAE Attracts Acquisition Offers From 3 Investment Firms

Three private equity firms have put forward bids to acquire Arlington, Virginia-based government services contractor PAE from owner Lindsay Goldberg, Reuters reported Friday. Mike Stone and Greg Roumeliotis write Apollo Global Management emerged as the leading bidder during a recent auction process and is currently in talks with Lindsay Goldberg for a potential acquisition …

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Weekly Roundup Dec 7 – Dec 11 2015: CACI Puts Ribbon on 2015 Consolidation w/ L-3 Services Biz Buy & more

Weekly Roundup Dec 7 – Dec 11 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Two of the country’s 25 largest government contractors announced a transaction this week long anticipated by market observers as one of many in the sector’s ongoing shift in …

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

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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Sikorsky Receives $354M Modification to MH-60R Procurement Contract

Lockheed Martin (NYSE: LMT) subsidiary Sikorsky has received a $354.2 million contract modification from the U.S. Army to fund the procurement of 29 MH-60R Seahawk helicopters. The Defense Department said Monday the modification also covers program and logistics support through the end of December 2017. Sikorsky will perform contract work at its facility in …

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

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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Air Force Eyes Purchase of 100 Bomber Planes From Northrop Grumman

TYSONS CORNER, VA, December 4, 2015 — The U.S. Air Force could purchase approximately 100 Long Range Strike Bombers from Northrop Grumman (NYSE: NOC) based on recent comments by Sec. Deborah Lee James, ExecutiveBiz reported Thursday. Defense News reported Wednesday the potential purchase is in line with the set ceiling for …

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David Dacquino Joins Serco’s US Arm as Defense Services SVP; Dan Allen Comments

David Dacquino, former CEO of Toronto-based air logistics company SkyLink Aviation, has joined Serco Group‘s North American subsidiary in a newly-created position as senior vice president of the defense services business unit. Serco Inc. said Thursday Dacquino will be responsible for work in ship and shore and base modernization, hardware integration, acquisition and program management, logistics support …

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Sikorsky Awarded $940M Army Contract Modifications for Logistics, H-60 Technical Support

The U.S. Army has awarded Lockheed Martin (NYSE: LMT) unit Sikorsky two contract modifications worth almost $940 million combined to provide support services and technical support for H-60 military helicopters and associated weapon systems. One potential $833 million contract covers sustainment, engineering, provisioning, manpower and packaging, handling, storage and transportation services, the Defense …

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