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Tag Archives: Lockheed Martin

Lockheed-Raytheon JV, Tata Power Partner to Develop Anti-Armor Missile System

TYSONS CORNER, VA, Sept. 1, 2016 — A Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) joint venture has signed a letter of intent with Tata Power to jointly develop and produce Javelin anti-tank guided missile systems, ExecutiveBiz said Wednesday. Raytheon said Wednesday its Javelin Joint Venture will partner with Tata Power’s strategic engineering division to develop …

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Sikorsky Receives $135M Contract Modification From US Army for Taiwan Multimission Helicopter Production

Lockheed Martin (NYSE: LMT) subsidiary Sikorsky Aircraft has received a $135.4 million contract modification from the U.S. Army to build 24 UH-60M Black Hawk  multimission helicopters configured for Taiwan under a foreign military sales deal. Sikorsky will perform work in Stratford, Connecticut, through Oct. 8, 2018, the Defense Department said Wednesday. The Army obligated …

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NNSA Cancels $5B Nevada Site Mgmt Contract Award to NVS3T

The National Nuclear Security Administration has decided to revoke a potential $5 billion contract NNSA awarded to Nevada Site Science Support and Technologies Corp. earlier this week on grounds that NVS3T did not inform the agency it was acquired by Leidos Holdings (NYSE: LDOS) as part of the latter’s merger with Lockheed Martin‘s (NYSE: LMT) government …

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Lockheed Awarded $114M Hubble Space Telescope Support Extension

Lockheed Martin (NYSE: LMT) has secured a $114.3 million extension on the company’s Mission Operations, Systems Engineering, and Software II contract with NASA to continue to maintain a space observatory currently in low-Earth orbit. NASA said Thursday that Lockheed’s space systems segment will support the Hubble Space Telescope through the next phase of the observatory’s science mission …

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MDA Modification Brings Lockheed Aegis BMD Contract Value to $2.4B

Lockheed Martin (NYSE: LMT) has received a two-year, $204.3 million contract modification from the Missile Defense Agency to continue to provide support services for baseline 5.1 of the Aegis Ballistic Missile Defense system under increment 2 development phase. The modification brings the total contract value to $2.4 billion and also covers adaptation …

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August 31 Market Close: GovCon Index Falls to End Red August, Lockheed & McKesson Pare GCI Decline

Executive Mosaic’s GovCon Index fell Wednesday to register a fifth decline over seven sessions in a stretch that puts the GCI in negative territory for August and ends its streak of monthly declines at six as U.S. market speculation over the next rate hike overshadows trading activity. Investors are looking at Friday’s labor report …

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Lockheed’s Sikorsky Unit Gets $158M Contract Modification to Build Additional UH-60 Helicopters for Army

Sikorsky Aircraft, a subsidiary of Lockheed Martin (NYSE: LMT), has received a $158.4 million contract modification from the U.S. Army to exercise an option to manufacture an additional 14 UH-60 Black Hawk helicopters. The Defense Department said Tuesday the Army Contracting Command will obligate the full amount of the modification from the service branch’s fiscal years …

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August 30 Market Close: GovCon Index Drops, Lockheed & Primes Lead Losses on Low Volume Day

Executive Mosaic’s GovCon Index held negative in a light trading session for U.S. stocks Tuesday as defense primes led GCI losses ahead of the July jobs report scheduled for release before markets open Friday. Tuesday’s decline represents the GovCon Index’s fifth decline over six days in a stretch driven by extended losses …

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ULA Explores Reusable 2nd Stage for Rocket to Support In-Orbit Activities

TYSONS CORNER, VA, Aug. 30, 2016 — A Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture is working to develop a reusable second rocket stage that will remain in low Earth orbit to support potential activities in space, ExecutiveBiz reported Monday. Quartz reported Saturday Tory Bruno, CEO of the …

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Lockheed Martin Provides Heat Shield for Orion Crew Module

TYSONS CORNER, VA, Aug. 30, 2016 — Lockheed Martin (NYSE: LMT) has provided the heat shield for the Orion crew module of NASA‘s Exploration Mission-1 and delivered the component to the Kennedy Space Center, ExecutiveBiz reported Monday. NASA said Saturday it then transported the heat shield to the Neil Armstrong Operations and Checkout Building in preparation …

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