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Tag Archives: Lockheed Martin

John Mengucci Takes On Expanded COO Role at CACI; Ken Asbury Comments

John Mengucci, chief operating officer and president of U.S. operations at CACI International (NYSE: CACI), will assume additional responsibilities as COO in an effort to advance the company’s strategic growth initiatives. Mengucci will continue to report to CACI President and CEO Ken Asbury and will oversee the company’s mergers and acquisitions, …

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Boeing Gets $1.1B MDA Contract Modification for Kill Vehicle Development

Boeing (NYSE: BA) has received a potential five-year, $1.1 billion contract modification from the Missile Defense Agency to continue to provide development support for the Redesigned Kill Vehicle program. The modification increases the total value of a previously awarded contract from $4.7 billion to $5.8 billion, the Defense Department said …

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May 22 Market Close: GovCon Index and Market Indices Post Another Positive Day

For the most part all the stock on The Executive Mosaic GovCon Index ended positive for the day as President Trumps Middle East visit shows promise of increased business. Booz Allen Hamilton lead the gains after posting strong Q4 and Full Year financial results. President Trumps visit to the Middle East further …

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US, Saudi Arabia Ink Potential $110B Weapons Sales Package

President Donald Trump and Saudi King Salman bin Abd al-Aziz Al Saud have signed a potential $110 billion package of weapons sales agreements in an effort to advance global security and economic development initiatives between the U.S. and Saudi Arabia. The White House said Saturday Trump also inked a Joint …

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Navy Issues $138M Modification on Lockheed’s Lot 9 F-35 Production Contract

Lockheed Martin‘s (NYSE: LMT) aeronautics business unit has received a $137.8 million contract modification from the U.S. Navy to fund cost reduction efforts for the low-rate initial production of lot 9 F-35s. The Defense Department said Friday that the full obligated amount at the time of award is from fiscal 2016 …

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ULA Lands $208M USAF Modification for Atlas V Launch Vehicle Production Services

United Launch Alliance has received a potential $208.1 million contract modification from the U.S. Air Force to continue to provide launch vehicle production support for a new Atlas V rocket configuration. The Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture will provide an Atlas V 551 rocket configuration, solid rocket booster …

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May 22 Morning Report: Friday Close – GovCon Index and Markets Reverse Mid Week Slump

After posting strong quarterly earnings McKesson Corporation lead theGovCon Index. McKesson closed up $11.57 per share (8.18 percent) to $153.01. The Executive Mosaic GovCon Index ended Friday up 1.29 percent to 92.864. The major markets showed significant gains reversing the mid week slump with the DJIA recapturing 53 percent of Wednesdays losses. At market …

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May 19 Market Close: GovCon Index and Market Indices Close Week on a Strong Note

The Executive Mosaic GovCon Index ended the week on a positive note up 1.29 percent on the day and up 0.15 percent on the week. McKesson lead the GovCon Index posting a $11.57 per share value increase (8.18 percent) on yesterday’s strong quarterly earning report. The major markets showed significant gains reversing …

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Lockheed’s Sikorsky Lands Army Contract for Black Hawk Tail Rotor Blade Repairs

TYSONS CORNER, VA, May 19, 2017 — Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary will provide tail rotor blade repairs in support of the U.S. Army‘s UH-60 Black Hawk helicopters under a $37.6 million contract, ExecutiveBiz reported Thursday. The Defense Department said Wednesday Sikorsky received $18.4 million in initial funds to work on 381 helicopter tail rotor …

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Report: Saudi Arabia, Lockheed Seal $6B Deal for Modified Littoral Combat Ships

Saudi Arabia and Lockheed Martin (NYSE: LMT) have closed on a $6 billion contract for the Bethesda, Maryland-based defense contractor to deliver four modified versions of Littoral Combat Ships, Bloomberg reported Friday. The deal for Multi-Mission Surface Combatant Ships comes as President Donald Trump heads to the Middle Eastern country as part …

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