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Tag Archives: Lockheed Martin

February 7 Market Close: GovCon Index Higher on Boeing Lift, US Stocks End Positive Despite PM Dip

Executive Mosaic’s GovCon Index closed higher Tuesday with a strong performance by Boeing (NYSE: BA) the main contributor, while U.S. stocks ended slightly green despite an afternoon descent as investors eyed oil price declines. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio as nine of its 11 S&P 500 components …

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February 6 Market Close: GovCon Index Inches Green on Aerospace Prime Boosts, US Stocks Lower

Executive Mosaic’s GovCon Index notched a small advance Monday on help from large aerospace-and-defense primes as U.S. stocks held lower without a major event as a driver of trading activity in equity markets. GovCon Index gainers and decliners split even at 15-each but eight of its 11 S&P 500 components gained with seven of …

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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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Stavatti Aerospace to Pitch Javelin Trainer for Air Force T-X Competition

Stavatti Aerospace has announced plans to offer its Javelin military jet trainer and very light fighter aircraft to the U.S. Air Force‘s $16.3 billion T-X trainer program. The company said Friday the Javelin platform, which was derived from the Aviation Technology Group-built Javelin Mk-30 civil jet sportplane, will be offered as a potential replacement for the service branch’s …

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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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Lockheed’s Speedline Facility Completes Inlet Coating Repair on 1st F-22 Raptor

TYSONS CORNER, VA, Feb. 3, 2017 — Lockheed Martin (NYSE: LMT) has completed and delivered the first F-22 Raptor fighter aircraft to have undergone inlet coating repair work at its Speedline facility in Marietta, Georgia, ExecutiveBiz reported Thursday. The company said Wednesday it performs modification support services, analytical condition inspections, antenna calibration and other maintenance work on …

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February 2 Market Close: GovCon Index Held Green by CACI & Harris Earnings Beats, US Stocks Unchanged

Executive Mosaic’s GovCon Index closed higher Thursday on strong performances by CACI International (NYSE: CACI) and Harris Corp. (NYSE: HRS) after both contractors reported quarterly earnings above Wall Street’s expectations. U.S. stocks in contrast ended mostly flat as investors waited Friday’s job report and weighed President Donald Trump’s comments to lawmakers …

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Lockheed-MBDA JV Submits Bid for Poland’s Missile Defense Procurement Program

TYSONS CORNER, VA, Feb. 2, 2017 — A joint venture of Lockheed Martin (NYSE: LMT) and MBDA has submitted a bid in response to Poland’s solicitation for an air and missile defense system under the country’s Wisla program, ExecutiveBiz reported Wednesday. Defense News reported Tuesday that MEADS International‘s proposal offers the Patriot Advanced Capability-3 Missile Segment …

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Northrop-BAE Team Stops Air Force T-X Trainer Contract Pursuit

Northrop Grumman (NYSE: NOC) and BAE Systems have ended a joint pursuit of the U.S. Air Force’s T-X trainer aircraft program, Breaking Defense reported Wednesday. “The companies have decided not to submit a proposal for the T-X Trainer program, as it would not be in the best interest of the companies and their …

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Lockheed Secures $166M Navy Contract for Automatic Test Equipment Production

Lockheed Martin (NYSE: LMT) has been awarded a potential four-year, $166 million contract to provide automatic test equipment and support services to the U.S. Navy. The Defense Department said Wednesday the contract covers full-rate production of 36 electronic Consolidated Automated Support Systems as well as sustaining logistics and engineering services. Work will occur in Orlando, Florida; Hunt …

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