Executive Mosaic’s GovCon Index dropped at least one full net point Tuesday for the first time since June 24 on a sharp drop in Lockheed Martin (NYSE: LMT) shares upon the defense contractor’s completion of the spinoff and subsequent merger of its government and technical services business into Leidos Holdin...
Lockheed Martin (NYSE: LMT) has been awarded a $490.6 million contract modification to produce Aegis weapon system ship sets and spares for the U.S. Navy as well as Japan and South Korea under the foreign military sales program. The Defense Department said Friday Lockheed’s mission systems and training division will manufacture ship ...
Lockheed Martin (NYSE: LMT) has received a $112.7 million contract modification from the U.S. Navy to produce components for the fiscal 2016 Aegis combat system modernization effort. The company will provide multi-mission signal processor equipment sets, ballistic missile defense 4.0.2 equipment, Aegis AMOD upgrade equipment and ...
Lockheed Martin (NYSE: LMT) will receive approximately $1 billion in additional funds from the Defense Department after DoD decided to reimburse the company for production costs incurred on lot 9 of the F-35 Lightning II aircraft, Defense News reported Thursday. Valerie Insinna writes the F-35 joint program office will obligate funds for low-ra...
TYSONS CORNER, VA, Aug. 12, 2016 ” Lockheed Martin (NYSE: LMT) has teamed with Elbit Systems to pursue a contract with the U.K. defense ministry for the update of the Challenger 2 tanks under the British army’s Life Extension Project, ExecutiveBiz reported Thursday. Lockheed said Wednesday the team plans to perform work at its A...
Executive Mosaic’s GovCon Index staged a rally Thursday to barely miss a new record close as Orbital ATK (NYSE: OA) regained some ground from a record plunge in the previous session and Lockheed Martin (NYSE: LMT) rose to a new 52-week high in intraday trade. The Index closed 0.179 points shy of the current record close set...
TYSONS CORNER, VA, Aug. 10, 2016 ” Lockheed Martin (NYSE: LMT) will launch a CubeSat lunar research satellite with Orion‘s Exploration Mission-1 in 2018 under a contract with NASA, ExecutiveBiz reported Tuesday. The company said Monday the SkyFire miniature satellite will be equipped with an infrared camera and work to capt...
TYSONS CORNER, VA, Aug. 9, 2016 ” Lockheed Martin (NYSE: LMT) has delivered the latest Space Based Infrared System satellite to Cape Canaveral Air Force Station in preparation for its launch in October, ExecutiveBiz reported Monday. The company said Friday the SBIRS GEO Flight 3 satellite will launch aboard a United Launch A...
TYSONS CORNER, VA, Aug. 8, 2016 ” Lockheed Martin‘s (NYSE: LMT) mission systems and training business will operate under the rotary and mission systems brand beginning Sept. 5 in a change that seeks to reflect the company’s expanded portfolio following the acquisition of Sikorsky Aircraft, ExecutiveBiz reported Friday...
TYSONS CORNER, VA, Aug. 5, 2016 ” A Lockheed Martin (NYSE: LMT) subsidiary will support the Department of Veterans Affairs‘ project to modernize the Enrollment Health Benefits Determination system under a $33.3 million task order, ExecutiveBiz reported Thursday. Systems Made Simple will develop, operate and maintain sy...
