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Tag Archives: Lockheed Martin

Lockheed Gets $129M F-35 Core Processor Order Modification

Lockheed Martin‘s (NYSE: LMT) aeronautics business has secured a two-year, $129.4 million delivery order modification from the U.S. Navy to perform additional work on the TR-3 integrated core processor and related subsystems for the F-35 program. The Defense Department said Wednesday work under the modification seeks to address diminishing manufacturing sources challenges in the production of lot 15 F-35s …

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April 4 Market Close: GovCon Index and Markets Close Slightly Positive

The Executive Mosaic GovCon Index and major markets all closed slightly up as investors remain cautious about the state of the economy. Investors await the outcome of President Trumps meeting with Xi Jinping of China, the jobs report on Friday, and the release of the first quarter earnings results. GovCon Index advancers …

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BAE to Lead F-35 Sustainment in UK Under Subcontract From Lockheed

TYSONS CORNER, VA, April 4, 2017 — Lockheed Martin (NYSE: LMT) has awarded an estimated $50 million subcontract to BAE Systems for support to the F-35 fighter jet fleet in the U.K., ExecutiveBiz reported Monday. BAE said Friday it will work with Lockheed to provide engineering, technical, training, maintenance and supply chain management …

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Kay Kapoor Named President of AT&T’s Newly Formed Global Public Sector Business

Kay Kapoor, formerly head of federal business at AT&T (NYSE: T), has been named president of a newly created global public sector segment that consolidates the company’s government and education businesses. AT&T, which posted nearly $15 billion in public sector sales during 2016, offers communications and information technology platforms to government and education …

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Air Force Issues $147M Contract Funds for ULA Atlas V 551 Launch Vehicle Production

United Launch Alliance, a joint venture of Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT), has received $146.5 million in contract funds from the U.S. Air Force to provide launch vehicle production services for a new Atlas V configuration. The Defense Department said Friday that ULA will provide an Atlas V 551 rocket configuration and payload fairing and transportation under …

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GovCon Wire’s Weekly Roundup: The Shifting Sands of Executive Leadership, Siemens’ $4.13 Billion Contract Win, and More

Weekly Roundup March 27 – March 31 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week, the GovCon industry witnessed several high-profile private sector executive moves. It goes without saying that these leadership changes could impact industry in a positive way, introducing …

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Lockheed Wins Potential $288M Contract to Build Army’s Laser-Based Training System

Lockheed Martin (NYSE: LMT) has won a potential seven-year $288 million contract to build a laser-based training device for the U.S. Army to simulate the firing capacity of soldiers and combat vehicles as well as test the engagement effects of multiple weapons. The Defense Department said Friday the Instrumentable Multiple Integrated Laser Engagement System will help Army …

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Navy Awards Lockheed $582M F-35 Air Vehicle Spares Delivery Order

Lockheed Martin (NYSE: LMT) has secured a four-year, $581.8 million delivery order from the U.S. Navy to supply air vehicle initial spares for the F-35 program. The Defense Department said Friday the order covers F-35 common spares; F-35A, F-35B and F-35C unique spares; aloft spares packages/deployment spares packages and reprogramming lab spares in support of the …

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ULA Gets $270M Air Force Contract Modification for Launch Vehicle Production Services

United Launch Alliance has received a $270.4 million contract modification from the U.S. Air Force to provide launch vehicle production services. The Defense Department said Friday the modification covers support for the configuration and transportation of a Delta IV Heavy rocket. The award also adds a pre‐priced contract line item for the Delta IV …

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Lockheed Secures $1.6B Contract to Produce Counterfire Radar Tech for Army

Lockheed Martin (NYSE: LMT) has received a $1.59 billion contract to produce and deploy counterfire target acquisition radar systems for the U.S. Army. Work under the order dependent contract will run through March 29, 2022, and locations and funds will be provided with each order, the Defense Department said Thursday. The Army Contracting Command awarded …

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