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The merger of Leidos Holdings (NYSE: LDOS) with Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business involves “one or two” contracts for systems engineering and technical assistance service work that has largely been spun out of the latter company, Leidos CEO Roger Krone told inves...
The GovCon Index retreated with a loss of 1.295 percent to 70.580 Monday in a move that puts the Index back into a correction, or 10 percent off its most recent high, for the second time this month. Monday’s plunge starts a week in which investors who follow de...
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 t...
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, and that dec...
The Defense Department has outlined how potential sales of new fighter jets to South Korea would occur depending on which jet the country selects, Defense News reports. Aaron Mehta reports Lockheed Martin (NYSE: LMT) is offering its F-35 Joint Strike Fighter,  Boeing (NYSE: BA) is proposing its F-15SE Silent Eagle and Eurofighter is submitting its...
Northrop Grumman (NYSE: NOC) has won a contract to continue developing an electronic warfare system for the U.S. Air Force‘s B-2 bomber. The Air Force awarded the potential three-year contract to update the bomber’s defensive management system with a new Lockheed Martin-made (NYSE: LMT) avionics graphics processor and antennas made by L-...
BAE Systems has won $81 million in contract funds from Lockheed Martin (NYSE: LMT) to produce infrared seekers for a ballistic missile defense system, BAE announced Tuesday. BAE will produce 143 seekers for the Terminal High Altitude Area Defense program, for which Lockheed is the prime contractor (click here for our coverage of recent THAAD awards...
Lockheed Martin (NYSE: LMT) has announced financial results for its fiscal year 2012 third quarter ended Sept. 30, 2012, reporting a four percent increase in net sales for the electronic systems segment from the prior year period. The company reported $3.81 billion in net sales for that segment during 2012’s third quarter, compared to $3.66...
Indonesia has submitted a $1.42 billion foreign military sales proposal to the U.S. government, asking to purchase 8 Apache helicopters, equipment and related support services. According to the U.S. Defense Security Cooperation Agency, prime contractors are: Boeing (NYSE: BA) Lockheed Martin (NYSE: RTN) Longbow, a joint venture of Northrop Grumman (...
Lockheed Martin (NYSE: LMT) will compete to provide the U.S. Army maintenance operations, supply support and transportation services on a contract vehicle potentially worth $23 billion to all awardees. The company said the Army uses the five-year Enhanced Army Global Logistics Enterprise program to acquire equipment transportation and maintenance se...
