Lockheed Martin (NYSE: LMT) and the Defense Department are still in talks and could finalize by the end of January a new contract worth approximately $9 billion that would reduce the price of the next batch of F-35 fighter jets to under $100 million per aircraft, Reuters reported Thursday. Mike Stone writes sources said the...
TYSONS CORNER, VA, Jan. 18, 2017 ” Lockheed Martin (NYSE: LMT) and the U.S. Navy held a ribbon-cutting ceremony for a newly renovated facility at Cape Canaveral Air Force Station in Florida that will host company employees who will work on the military service’s Fleet Ballistic Missile program, ExecutiveBiz reported Tu...
Lockheed Martin (NYSE: LMT) has received a $120.9 million contract modification from the U.S. Navy to provide an integrated undersea surveillance system as well as engineering services for a sonar system. The Defense Department said Friday Lockheed’s rotary and mission systems business will support the Acoustic-Rapid-Commercial-...
Lockheed Martin™s (NYSE: LMT) U.K. arm has received a potential $327 million contract to develop an airborne surveillance system for integration with the U.K. defense ministry™s fleet of Merlin HM Mk2 helicopters. The contract for the Crowsnest aerial surveillance program covers initial provisioning of spares as well as demonstra...
Executive Mosaic’s GovCon Index rebounded Friday with strong performances by defense prime stocks as U.S. stocks rose on investor optimism from quarterly earnings beats by large financial institutions and positive retail sales numbers from December. GovCon Index gainers outnumbered laggards by a 2-to-1 ratio and nine of its 11 S&P 500 stoc...
Lockheed Martin (NYSE: LMT) is “close to a deal” on a new contract that would “significantly” bring down costs of the next line of F-35 fighter jets and add 1, 800 new jobs at its Fort Worth, Texas facility that houses production, the company’s chief executive said Friday after a meeting with President-elect D...
TYSONS CORNER, VA, Jan. 13, 2017 ” Lockheed Martin (NYSE: LMT) continues to mentor Accurate Machine and Tool under the Defense Department‘s Mentor-Protege Program to develop the small business’ efforts to support more customers and pursue opportunities in the public sector as a prime contractor, ExecutiveBiz...
Executive Mosaic’s GovCon Index fell for a second straight session Thursday on continued declines by large aerospace and defense primes as U.S. stocks also tumbled with earnings season at the forefront of investor attention. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and two of its 11 S&P 500 components advanced with...
Executive Mosaic’s GovCon Index pared losses Wednesday afternoon but closed lower for the session as McKesson Corp. (NYSE: MCK) and large primes weighed despite gains by all three of the U.S.’ major stock indices. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and six of its 11 S&P 500 stocks ad...
TYSONS CORNER, VA, Jan. 9, 2017 ” Lockheed Martin (NYSE: LMT) will develop and operate a spacecraft that will work to study six Jupiter Trojan asteroids as part of NASA‘s Discovery Program missions, ExecutiveBiz reported Friday. The Lucy spacecraft is scheduled for a 2021 launch and will seek to observe the geology, surface comp...
