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Tag Archives: Lockheed Martin

Navy Selects 4 Firms for $951M LCS Fleet Sustainment Support IDIQs

The U.S. Navy has awarded positions on a pair of indefinite-delivery/indefinite-quantity contracts worth up to $950.8 million combined over five years for sustainment work on the Littoral Combat Ships 1 variant class. BAE Systems‘ Southeast Shipyards Mayport division and General Dynamics‘ (NYSE: GD) NASSCO subsidiary can vie for task orders …

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Lockheed Gets $147M Contract Modification to Update Army’s Close Combat Trainer Systems

Lockheed Martin (NYSE: LMT) has been awarded a $147.1 million contract modification to complete upgrade work on close combat tactical trainer systems for the U.S. Army. The company will continue to provide engineering, testing, technical management, logistical and materials and equipment support services under the military branch’s the CCTT modernization effort, the Defense Department said Friday. The Army’s program …

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NNSA Picks Lockheed Subsidiary for $5B Follow-On Nevada Natl Security Site Operations Contract

A subsidiary of Lockheed Martin (NYSE: LMT) has won a potential 10-year, $5 billion contract to help the National Nuclear Security Administration manage and operate the Nevada National Security Site. NNSA said Friday it chose Lockheed subsidiary Nevada Site Science Support and Technologies Corp.‘s proposal for the follow-on NNSS M&O contract through a …

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Lockheed Lands $287M Air Force C-130J Manufacturing Contract Modification

Lockheed Martin (NYSE: LMT) has received a $287.2 million contract modification to produce an additional five C-130J type aircraft for the U.S. Air Force. The Defense Department said Friday Lockheed will perform work in Marietta, Georgia, through Apr. 30, 2020. DoD noted the full obligated amount is from the Air Force’s fiscal years …

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August 29 Morning Report: GovCon Index Posts Friday, Weekly Loss on Federal Reserve’s Rate Hike Outlook

Executive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike. Yellen has told central bankers in Wyoming the current low unemployment rate and increased price stability has strengthened the case for another interest rate hike potentially next …

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August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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Weekly Roundup August 22 – August 26 2016: JPMorgan Analyst Bullish on Defense & more

August 22 – August 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An investment analyst at the U.S.’ biggest and world’s fifth largest bank endorsed the defense sector this week in a note to investors with a forecast that views continued “green” movement in …

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ULA to Provide Atlas V Launch Services for NASA’s Mars 2020 Rover

United Launch Alliance, a joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), will provide Atlas V 541 launch services to NASA for a follow-up rover mission to Mars. NASA said Friday it estimates that the Mars 2020 launch will cost $243 million, including spacecraft and planetary protection processing, rocket integration and tracking, data …

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Lockheed Gets $126M Modification on Navy Submarine Imaging Tech Support Contract

Lockheed Martin (NYSE: LMT) has received a potential one-year, $126.3 million contract modification to provide engineering and system support services for the U.S. Navy’s Integrated Submarine Imaging Systems program. The cost-plus-incentive-fee modification exercises an option on a previously awarded contract and covers development, design, field and reverse engineering and technology insertion …

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Lockheed Eyes Move to India for F-16 Manufacturing Base

TYSONS CORNER, VA, Aug. 25, 2016 — Lockheed Martin (NYSE: LMT) plans to move the manufacturing base for the company’s F-16 aircraft to India in efforts to secure a potential order of more than 150 fighter jets under a military modernization program by the Indian government, ExecutiveBiz reported Wednesday. Bloomberg reported Tuesday the …

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