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Tag Archives: F-35

May 12 Market Close: GovCon Index Holds Steady Against Choppy US Markets

The GovCon Index held steady despite general choppy activity in U.S. financial markets during Thursday trade and closed at a gain of 0.304 points to 77.857 on strong performances by many platform and product makers in the contracting arena. Northrop Grumman (NYSE: NOC) and Lockheed Martin (NYSE: LMT) both rose at least $3.00 …

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May 3 Market Close: GovCon Index Sinks on Harris Guidance Cut, CACI’s Extended Slide as Northrop Gets Upgrade

The GovCon Index held negative throughout Tuesday trade and closed at a decline of 0.489 points to 76.365 with Harris Corp. (NYSE: HRS) as the largest lagger after another full-year guidance cut by the military radio maker. Melbourne, Florida-based Harris fell 5.48 percent — or $4.43 — after the company reduced the 12-month revenue forecast in its …

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Weekly Roundup April 25 – April 29 2016: Investors Give Mixed Signals on Contractor Stocks & more

April 25 – April 29 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson First quarter earnings season has given investors with keen interest in the aerospace, defense and government contracting sectors a smorgasboard of items to consider as they gauge the industry’s health. …

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Lockheed Boosts 2016 Earnings, Revenue Outlook

Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index and an S&P 500 stock — lifted its profit and revenue outlooks for 2016 despite a year-over-year decline in first quarter net income due to one-off charges for workforce reductions and other items. The Bethesda, Maryland-based aerospace and …

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State Dept Clears $1.2B Sale of Raytheon-Built Air-to-Air Missiles to Australia

The State Department has approved Australia’s request to purchase $1.22 billion in Raytheon-made (NYSE:RTN) AIM-120D medium-range air-to-air missiles and related equipment under a foreign military sales agreement with the U.S. government. The Defense Security Cooperation Agency said Monday Australia ordered 450 AIM-120D missiles,  34 AIM-120D air vehicles instrumented, six instrumented test vehicles and 10 spare AIM-120 guidance …

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Lockheed, DoD Conclude Initial Tests on Prototype F-35 Helmets

TYSONS CORNER, VA, April 21, 2016 — Lockheed Martin (NYSE: LMT) and the Defense Department‘s F-35 joint program office have concluded initial tests on a prototype third-generation helmet for the fighter jet, ExecutiveBiz reported Wednesday. Defense News reported Tuesday the team also integrated design updates on the F-35 escape system during the initial …

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Lockheed to Build F-35 Alternate Mission Equipment Under $182M Navy Contract Modification

Lockheed Martin (NYSE: LMT) has received a $181.8 million contract modification from the Naval Air Systems Command to manufacture alternate mission equipment for low-rate initial production lot 9 F-35s. The Defense Department said Friday that Lockheed will build and deliver F-35 pilot flight tools, red gear and armaments to the U.S. …

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UTC Subsidiary Receives $1B Navy F-35 Propulsion Contract Modification

A United Technologies Corp. (NYSE: UTX) subsidiary has received a $1.04 billion contract modification to manufacture the ninth batch of F-35 propulsion systems for U.S. and foreign military customers. Pratt & Whitney will produce parts and components of 28 F135-PW-100 systems for the U.S. Air Force, six F135-PW-600 systems for the …

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Lockheed Awards BAE $166M to Build Facilities for UK’s Future F-35 Fleet

TYSONS CORNER, VA, April 11, 2016 — Lockheed Martin (NYSE: LMT) has tapped BAE Systems to build three engineering and training facilities at the Marham air base in the U.K. under a $166.3 million subcontract, ExecutiveBiz reported Friday. BAE said Thursday the construction project is part of preparations for the delivery of the …

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Air Force Plans $533M Construction Projects at Eielson AFB for F-35 Fleet

TYSONS CORNER, VA, April 8, 2016 — The U.S. Air Force could spend an estimated $533 million on the construction of hangars and other facilities to accommodate the service branch’s fleet of Lockheed Martin-built (NYSE: LMT) F-35 jets at Eielson Air Force Base, Executive Gov reported Thursday. Newsminer reported Wednesday 46 construction, remodeling and demolition …

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