Tag Archives: F-35

Weekly Roundup October 24 – October 28, 2016: Sector Execs Offer Outlooks at 3Q Checkpoint & more

October 24 – October 28, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Outlooks of the government contracting market’s future trajectory and its ongoing dynamics dominated the attention of sector leaders and observers this week, during which GovCon Wire helped capture the larger …

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Boeing & Northrop Boost 2016 Outlooks as General Dynamics Posts 3Q Earnings Beat

Three of the world’s largest government contractors listed in both Executive Mosaic’s GovCon Index and the U.S. stock bellwether S&P 500 composite index released third quarter financial results before markets opened Wednesday. Boeing (NYSE: BA), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) all posted earnings per share figures …

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Lockheed Boosts Intl Sales Goal to 30% on F-35, Missile Defense Prospects

Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions …

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Lockheed’s Revised 2016 Outlook Post-Leidos Deal Tops Street Consensus

Lockheed Martin (NYSE: LMT) unveiled revised full-year earnings and revenue guidance that exceeded Wall Street’s expectations Monday in the defense contractor’s first financial statement since the Aug. 16 spinout and merger of its former government services segment into Leidos Holdings (NYSE: LDOS). GovCon Index– and S&P 500-listed Lockheed sees earnings of $12.10 per share and $46.5 billion in revenue for …

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October 24 Market Close: GovCon Index Lifts on Defense Prime Gains, Rockwell Collins Tumbles on Flat Guidance

Executive Mosaic’s GovCon Index held higher Monday with large prime contractors the top advancers to offset a large decline by Rockwell Collins (NYSE: COL) on flat revenue guidance for its current fiscal year as U.S. stocks advanced on deal activity and new earnings reports. GovCon Index gainers outnumbered laggers at a 5-to-1 …

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Raytheon to Integrate Landing Guidance Tech With F-35, UAS; Dave Wajsgras Comments

TYSONS CORNER, VA, Oct. 21, 2016 — Raytheon (NYSE: RTN) has received a potential $270 million contract from the U.S. Navy to integrate the Joint Precision Approach and Landing System with various aircraft, GovCon Executive reported Wednesday. The company said Wednesday it will work to integrate the JPALS landing guidance technology with unmanned aircraft …

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Air Force’s Lockheed-Built F-35As Slated to Resume Flights by End of 2016

TYSONS CORNER, VA, Oct. 18, 2016 — The F-35 fighter jets built by Lockheed Martin (NYSE: LMT) for the U.S. Air Force are scheduled to complete repairs to their fuel pipes and resume operations by the end of the year, ExecutiveBiz reported Monday. Breaking Defense reported Friday the F-35 Joint Program Office has …

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Lockheed Awarded $743M Modification in F-35 Batch 9 Deal

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a $743.2 million modification under a previously awarded advance acquisition contract for the ninth batch of F-35 fighters. The Defense Department said Monday the modification allocates additional funds to address diminishing manufacturing and material shortages for redesign and development, estimated post-production concurrency changes …

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October 6 Market Close: GovCon Index Goes Green Against Muted US Markets, Booz Allen Rallies & Gets Analysts’ Backing

Executive Mosaic’s GovCon Index held higher against narrow trading activity in U.S. financial markets Thursday on strong performances by CACI International (NYSE: CACI) and defense platform makers as Booz Allen Hamilton (NYSE: BAH) rallied to recoup one-half of losses from a steep fall Wednesday. Thursday’s gain puts the GCI on pace for a weekly gain with Friday’s …

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Singapore Eyes Potential 2030s Buy of Lockheed Martin-Built F-35

TYSONS CORNER, VA, Oct. 4, 2016 — Singapore could potentially procure the F-35 fighter jet built by Lockheed Martin (NYSE: LMT) in the 2030s as the country’s F-15 and F-16 fleet remains operational for the next two decades, ExecutiveBiz reported Monday. Defense News reported Monday Ng Eng Hen, Singapore’s defense minister, noted that …

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