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Tag Archives: Lockheed Martin

April 21 Market Close:GovCon Index Up With Major Indices Slightly Down

The Executive Mosaic GovCon Index closed up for the third consecutive day to a weekly high of 91.565 positive 0.252 percent. Advancers and decliners split evenly on the day. The major markets declined slightly on the day as investors watch elections in France closely. However all U.S. market ended the week in …

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State Dept OKs $195M Follow-On C-17 Sustainment Support Deal for Canada

The State Department has approved a potential follow-on $195 million foreign military sale of sustainment support services to Canada’s fleet of C-17 military cargo aircraft. Canada requested aircraft maintenance, logistics, in-country field services, alternate mission, training and support equipment, software, spares, personnel training and engineering support for five C-17 planes, the Defense Security Cooperation …

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April 20 Market Close: GovCon Index and Markets Surge On Speculation of Tax Cuts

The Executive Mosaic GovCon Index closed up almost a full percentage point with advancing stocks 29 to 1 versus decliners. U.S. markets surged as the Treasury Secretary comments gave support that the Trump administration would cut taxes soon. At market close WTI was up $0.18 to $50.26 per barrel as traders speculate …

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April 19 Market Close: GovCon Index Up as Markets Close Mixed

The Executive Mosaic GovCon Index closed up as advancing stocks outpaced declining 2 to 1. U.S. markets closed mixed as the economy grew at modest to moderate rates per the Bloomberg report. IBM reported weak earnings which helped hold the markets back. At market close WTI was also down $1.86 to $ …

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Lockheed Awarded $100M Contract for Air Force JASSM Production, Lifecycle Support

Lockheed Martin (NYSE: LMT) has secured a five-year, $100 million contract from the U.S. Air Force to support production of Joint Air-to-Surface Standoff Missile systems. The Defense Department said Tuesday the company will also provide lifecycle support for JASSM, Long Range Anti-Ship Missile, JASSM-Extended Range and other JASSM variants in the areas of system upgrades, …

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Navy Taps Boeing, General Atomics, Lockheed & Northrop for Additional UCAAS Risk Reduction Work

TYSONS CORNER, VA, April 18, 2017 — The U.S. Navy has awarded separate contract modifications to Boeing (NYSE: BA), General Atomics, Lockheed Martin (NYSE: LMT) and Northrop Grumman (NYSE: NOC) for continued risk reduction work on the future MQ-25 unmanned carrier aviation air system, ExecutiveBiz reported Monday. The Defense Department said Thursday the Navy …

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April 17 Market Close: GovCon Index and Markets Rebound Strongly From Last Week

The Executive Mosaic GovCon Index turned in better than 1 percent gain on the day as advancing stocks closed 29 to 1 versus decliners. With the European markets closed the U.S. markets all closed strongly as investors geopolitical concerns dampened. At market close WTI was down $0.57 to $ 52.61 per barrel …

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Lockheed’s F-16 Jets Get Air Force Approval for Service Life Extension

TYSONS CORNER, VA, April 17, 2017 — The Lockheed Martin-built (NYSE: LMT) F-16 fighter jet has received clearance from the U.S. Air Force for an extended service life from an equivalent 8,000 to 12,000 flight hours, ExecutiveBiz reported Thursday. The company said Wednesday it worked with the Air Force to cut projected service …

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Rolls-Royce Wins $373M IDIQ to Repair KC-130J Engines for US Marine Corps, Kuwait

Rolls-Royce has won a five-year, $372.5 million contract from the U.S. Navy to provide depot-level repair for the AE21000D3 engines of KC-130J aerial refueling aircraft for the U.S. Marine Corps and Kuwait. The Defense Department said Thursday the Naval Air Systems Command received three offers for the indefinite-delivery/indefinite-quantity contract via an electronic request for proposals …

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Lockheed, DoD to Explore Air-Space-Cyber Interoperability Through C2 Wargame

TYSONS CORNER, VA, April 13, 2017 — Lockheed Martin (NYSE: LMT) will host the three-day Multi-Domain Command and Control wargame at its Center for Innovation in Virginia to demonstrate air, cyber and space domain integration in support of command-and-control operations, ExecutiveBiz reported Wednesday. The company said Tuesday it will work with the Defense …

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