TYSONS CORNER, VA, January 26, 2016 ” Boeing‘s (NYSE: BA) Chinook helicopter and the Sikorsky-built King Stallion helicopter by Lockheed Martin (NYSE: LMT) have been shortlisted by Germany as the potential replacement for its current Sea Stallion fleet, ExecutiveBiz reported Monday. Defense News reported Monday that Germany seek...
Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenu...
Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported fourth quarter earnings per share of $3.01 and $11.46 for its fiscal year 2015 to exceed the consensus estimates of Wall Street analysts for both figures by 7 cents and 8 cents respectively. Fourth quarter earnings topped...
TYSONS CORNER, VA, January 22, 2016 ” Orbital ATK (NYSE: OA) will build alternative warheads for the U.S. Army™s Guided Multiple Launch Rocket System under a $14 million contract from Lockheed Martin (NYSE: LMT), ExecutiveBiz reported Thursday. Orbital ATK said Wednesday the warheads have passed the requirements of GMLRS based on...
Lockheed Martin (NYSE: LMT) has received a $92.7 million contract modification to redesign the Patriot multi-band radio frequency data link for Qatar under a foreign military sales agreement. The company will perform work in Texas, Arkansas and Arizona through Jan. 30, 2020, the Defense Department said Thursday. The U.S. Army awarded the modifi...
Lockheed Martin (NYSE: LMT) will help to update the Internal Revenue Service‘s processing systems for paper tax filings, remittances and information returns under a five-year, $100 million contract. The company said Wednesday it will operate and maintain the IRS systems that convert paper-based submissions to their electronic forms, proce...
TYSONS CORNER, VA, January 15, 2016 ” Rick Ambrose, executive vice president of Lockheed Martin‘s (NYSE: LMT) space systems segment, said the first GPS III satellite has completed a thermal vacuum test as part of the U.S. Air Force™s program, ExecutiveBiz reported Thursday. Space News reported Wednesday the test works to id...
TYSONS CORNER, VA, January 14, 2016 ” The U.S. Army has used General Dynamics™ (NYSE: GD) two-channel AN/PRC-155 Mobile User Objective System manpack radio during a demonstration of the Lockheed Martin-built (NYSE: LMT) MUOS satellite network, ExecutiveBiz reported Wednesday. “These radios conn...
TYSONS CORNER, VA, January 14, 2016 ” Northrop Grumman (NYSE: NOC) has been awarded a contract to provide its LN-200S inertial measurement unit for Lockheed Martin‘s (NYSE: LMT) LM 300 satellite bus, ExecutiveBiz reported Wednesday. Northrop said Tuesday the IMU works to support vehicle control systems navigation and a...
TYSONS CORNER, VA, January 12, 2016 ” Lockheed Martin (NYSE: LMT) has begun the assembly of the four major structural components of Israel’s first F-35A aircraft at a facility in Texas ahead of its delivery in late 2016, ExecutiveBiz reported Monday. The company said Sunday the first of 33 F-35A Adir conventional takeoff an...
