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Tag Archives: Lockheed Martin

Air Force Adds Northrop, Pratt & Whitney to $409M Thermal, Power & Controls Devt IDIQ

Editor’s Note 7/13/17: The Defense Department said the contract for Pratt and Whitney was mistakenly announced on July 11 and has not yet been awarded. The U.S. Air Force has selected Northrop Grumman (NYSE: NOC) and United Technologies Corp.‘s (NYSE: UTC) Pratt and Whitney subsidiary as additional awardees on a potential seven-year, …

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Lockheed-Raytheon JV to Supply Javelin Anti-Tank System Rounds, Support to Army

TYSONS CORNER, VA, July 11, 2017 — A Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) joint venture will deliver containerized rounds, electronics and command launch units for the Javelin anti-tank missile system under a $56.8 million contract modification from the U.S. Army, ExecutiveBiz reported Monday. The Defense Department said Friday the award …

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DoD Estimates F-35 Program Costs to Spike to $406 Billion

The Pentagon’s most expensive  F-35 fighter jet program is expected to become even more pricey as costs spike nearly 7 percent to $406.5 billion. There is at least $27 billion in overruns, according to a draft of the Selected Acquisition Report to be submitted this week to Congress obtained by Bloomberg. …

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Lockheed Gets $5.6B Modification on Lot 11 F-35 Production Contract

Lockheed Martin (NYSE:LMT) has received a potential $5.58 billion contract modification from the U.S. Navy for the low-rate initial production of lot 11 fiscal 2017 F-35 Lightning II aircraft. The modification covers the production of 48 F-35As for the U.S. Air Force, 18 F-35Bs for the U.S. Marine Corps and eight F-35Cs for …

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July 10th Morning Report: Friday Close – GovConIndex Reaches 30 Day High

All the market closed trading Friday in the positive on the day. The Executive Mosaic GovCon Index (GCI) reached a 30 day high to close at 96.626 up 1.33 percent with twenty eight of the thirty stocks that make up the index closing positive. The major indices closed strong on Friday responding …

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July 7th Market Close: GovConIndex Reaches 30 Day High As Major Indices Close Up

All market reversed their downward direction from yesterday and closed up strongly today. The Executive Mosaic GovCon Index (GCI) reached a 30 day high to close at 96.626 up 1.33 percent with twenty eight of the thirty stocks that make up the index closing positive. All the major indices reversed yesterdays downward …

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Executive Mosaic’s Weekly GovCon Round-up: The Benefits of OSINT

Weekly Roundup July 3 – July 7 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Open source intelligence, or OSINT, has existed as a concept for decades, but is enjoying a resurgence in corporate and public interest. The federal government, and the intelligence community in …

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Lockheed to Develop Prototype Missiles Under $74M Army LRPF Phase 2 Contract

Lockheed Martin (NYSE: LMT) has secured a potential three-year, $73.8 million contract to begin work on the second phase of the U.S. Army’s Long Range Precision Fires missile program. The contract covers the technological maturation and risk reduction phase in which the company will design and fly prototype missiles in …

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July 5th Market Close: GovConIndex Closes Up While Major Indices Close Mixed

Returning after the Independence Day Holiday the markets closed mixed. The Executive Mosaic GovCon Index (GCI) closed up for the third straight day to 96.213 a gain of 0.172 percent threatening to set a new high. Advancers outpaced decliners 2 to 1. The top five ‘Net Performers‘ were major platform companies that …

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Lockheed Gets $74M in Navy Contract Modifications for Lots 11, 12 F-35 Parts, Engineering Support

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) two contract modifications worth approximately $73.9 million combined to provide materials and services to support the low-rate initial production of F-35 Lightning II aircraft. Lockheed will provide long-lead parts and components for additional five lot 12 F-35B fighter jets under a $43.9 million …

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