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Tag Archives: F-35

Lockheed-Built F-35 to Support Future Ops Against Islamic State Group

TYSONS CORNER, VA, March 1, 2017 — Air Combat Command Chief Gen. Hawk Carlisle has said the Lockheed Martin-built (NYSE: LMT) F-35 fighter jet will be deployed within the next few years to support operations against the Islamic State militant group, Executive Gov reported Tuesday. Military.com reported Friday that Carlisle noted the aircraft …

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ACT I Hires William Stranges to Head F-35 Business Financial Mgmt Contract; Michael Niggel Comments

William Stranges, former head of the F-35 Joint Program Office concurrency cost team, has joined Advanced Concepts and Technologies International as program manager for the company’s F-35 contract. ACT I said Stranges will lead its business financial management contract with the F-35 JPO under his new role. “Mr. Stranges has over 30 years …

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Lockheed Gets $1.1B Contract for F-35 Logistics, Sustainment Services to US, Foreign Military Clients

Lockheed Martin (NYSE: LMT) has received a $1.06 billion contract to sustain and provide recurring logistics support for F-35 aircraft of the U.S. Navy, Marine Corps, Air Force, non-Defense Department participants and foreign military sales customers. DoD said Tuesday that Lockheed will conduct sustainment efforts such as ground maintenance, depot activation, automatic logistics information system, …

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Reports: DoD Seals $8.5B Deal With Lockheed for 90 F-35s

The Defense Department and Lockheed Martin (NYSE: LMT) have finalized an $8.5 billion contract for the manufacturer to supply 90 lot 10 F-35s, an order that is $728 million less than the cost of the previous batch of the fighter jets, Reuters reported Friday. Mike Stone writes the latest F-35 deal lowers the price of …

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February 3 Market Close: GovCon Index Higher on L3 & HII Boosts, US Stocks Up After Trump Banking Exec Order

Executive Mosaic’s GovCon Index rose Friday on advances large and middle-tier defense primes as U.S. stocks climbed following the January jobs report and President Donald Trump’s new executive order to reduce regulations on the banking industry implemented after the 2008 crisis. GovCon Index gainers outnumbered decliners by a 4-to-1 ratio as nine …

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Pratt & Whitney Selects Matthew Bromberg to Replace Retiring Military Engines President Bennett Croswell

Matthew Bromberg, a 15-year veteran of United Technologies Corp. (NYSE: UTX) and president of the commercial engines aftermarket business of its Pratt & Whitney subsidiary, has been appointed to serve as president of the subsidiary’s military engines unit by May. Pratt & Whitney said Tuesday that Bromberg will succeed the retiring Bennett Croswell and …

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January 27 Market Close: GovCon Index Held Positive by General Dynamics on Upbeat 3-Year Sales Outlook

Executive Mosaic’s GovCon Index held positive Friday to end the week flat despite a majority of its 30 stocks in negative territory as S&P 500-listed General Dynamics (NYSE: GD) surged to an all-time record high during the session after the defense contractor issued a bullish three-year sales outlook. U.S. stocks traded slightly …

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January 24 Market Close: GovCon Index Advances With Boeing Lift, Lockheed Drags on Dimmed Guidance & Sikorsky Material Weakness

Executive Mosaic’s GovCon Index traded higher Tuesday on a lift from Boeing (NYSE: BA) and government services stocks as Lockheed Martin (NYSE: LMT) fell after the defense contractor reported material weaknesses related to internal controls for financial statements at its Sikorsky helicopter subsidiary. All three major U.S. stock indices also advanced as the S&P …

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Report: Lockheed, DoD Eye Potential $9B Deal on Next F-35 Batch by End of January

Lockheed Martin (NYSE: LMT) and the Defense Department are still in talks and could finalize by the end of January a new contract worth approximately $9 billion that would reduce the price of the next batch of F-35 fighter jets to under $100 million per aircraft, Reuters reported Thursday. Mike …

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Boeing CEO Says Progress Made on ‘Simplifying Requirements’ for Air Force One After Trump Meeting

Boeing (NYSE: BA) CEO Dennis Muilenburg told reporters Tuesday after his hour-long meeting with President-elect Donald Trump that the company has moved forward on efforts in “simplifying requirements” for the future Air Force One replacement airplane with combat jets also a topic of discussion there. Trump first criticized the presidential aircraft program on …

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