TYSONS CORNER, VA, February 2, 2016 ” Lockheed Martin (NYSE: LMT) has christened and launched the U.S. Navy‘s 11th littoral combat ship at the Menominee River in Wisconsin, ExecutiveBiz reported Monday. The company said Saturday the Freedom-class USS Sioux City will undergo tests before it is delivered to the Navy...
TYSONS CORNER, VA, February 1, 2016 ” Lockheed Martin (NYSE: LMT), with the help of ASRC Federal™s mission solutions business, will test the Long Range Discrimination Radar system for the Missile Defense Agency, ExecutiveBiz reported Friday. ASRC Federal said Tuesday it will provide software engineering, maintenance and...
TYSONS CORNER, VA, February 1, 2016 ” Lockheed Martin (NYSE: LMT) has partnered with NATS to explore and integrate air traffic management systems for the U.K. aviation market in support of the Single European Sky ATM Research initiative, ExecutiveBiz reported Friday. Lockheed said Thursday it will help NATS’ technology...
Jan. 25 – Jan. 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Needless to say, we have a lot to address here after a heavy news week that featured news of government contracting’s largest merger this decade, plus a batch of 2015 earnings report...
Lockheed Martin (NYSE: LMT) has received a potential three-year, $882 million contract modification from the Missile Defense Agency to build 20 additional lot 8 interceptors for the Terminal High Altitude Area Defense platform. The company will also provide related production support services for MDA’s THAAD system under the fixed-price contra...
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...
