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Tag Archives: Lockheed Martin

MDA Awards Lockheed $274M Contract to Build Lot 9 THAAD Interceptors

Lockheed Martin (NYSE: LMT) has landed a $273.5 million sole-source contract from the Missile Defense Agency to produce additional interceptors for the agency’s anti-ballistic missile system. The Defense Department said Tuesday the contract covers the lot 9 production of interceptors, one-shot devices and associated production support services for the Terminal High …

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March 28 3:00 PM Market Report: GovCon Index and Markets Reverse Direction

As of 3:00 PM (EST) the Executive Mosaic’s GovCon Index reversed its three day downward trend to post positive gain of 0.846 to 91.969. The major indices were all up on the day with the S&P500 at 2,361.81 up 20.04 points, the DJIA reaching 20,719.45 up 172.67 points, and the NASDAQ …

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GovCon Vet Mick Fox Joins TechnoMile as COO, CSO; Ashish Khot Comments

Mick Fox, formerly executive vice president of business development at PAE, joined Vienna, Virginia-based TechnoMile as chief operating officer and chief strategy officer on March 15. He leads the technology and business process consulting services provider’s efforts to develop products and service offerings that will work to help government contractors capture new …

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LCS Built by Lockheed-Led Industry Team Completes Navy Qualification Trials

TYSONS CORNER, VA, March 28, 2017 — The U.S. Navy has conducted qualification trials on the USS Detroit littoral combat ship built by a Lockheed Martin-led (NYSE: LMT) industry team to check the vessel’s combat system, ExecutiveBiz reported Monday. The service branch said Friday the Freedom-class LCS 7 completed tests including firing exercises against high-speed …

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Roger Krone, CEO of Leidos, Inducted Into 2017 Wash100

Executive Mosaic, Tysons Corner, VA March 27, 2017 — Roger Krone, CEO of Leidos Holdings, has been chosen for this year’s Executive Mosaic Wash100 for his leadership in mergers and integration. The Wash100 is the premier group of private and public sector executives selected by Executive Mosaic’s organizational and editorial leadership …

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Lockheed Plans New Johnstown, PA Facility for F-35 Parts Production; Ed Sheehan Comments

TYSONS CORNER, VA, March 27, 2017 — A subsidiary of Lockheed Martin (NYSE: LMT) will lease a 35,000-square-foot facility in Johnstown, Pennsylvania, as part of company plans to expand production of F-35 parts and components, ExecutiveBiz reported Friday. The Tribune-Democrat reported Friday Lockheed’s AeroParts business also aims to deploy more equipment and open at …

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Former Booz Allen Exec Tony Vanchieri Named Buchanan & Edwards Business Devt Director

Tony Vanchieri, formerly a senior associate at Booz Allen Hamilton (NYSE: BAH), has been named director of business development at Arlington, Virginia-based government information technology and consulting services provider Buchanan & Edwards. He will oversee efforts to seek contract opportunities with the departments of Justice and Homeland Security in support …

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Erich Sanchack, SVP & GM of Federal Sales at CenturyLink, Added to 2017 Wash100

Executive Mosaic, Tysons Corner, VA March 22, 2017 — Erich Sanchack, senior vice president and general manager of CenturyLink‘s federal business, has been chosen for this year’s Executive Mosaic Wash100 for his leadership in federal telecommunications and virtualization. The Wash100 is the premier group of private and public sector executives selected …

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Report: Lockheed Aims to Save $5B on F-35 Program Amid Lot 11 Contract Negotiations

Lockheed Martin (NYSE: LMT) has initiated talks with suppliers to generate $5 billion in cost savings on the F-35 program as the company negotiates a contract to produce the 11th batch of fighter jets, Bloomberg reported Tuesday. Julie Johnsson and Anthony Capaccio write Lockheed CEO Marillyn Hewson, also an inductee into …

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March 20 Market Close: GovCon Index Closes Down, as Equities Markets Close Mixed

Executive Mosaic’s GovCon Index moved downward as the equities markets closed mixed on the day. The S&P 500 and DJIA ended the day down off -0.20 percent and -0.04 percent respectively while the NASDAQ closed up +0.01. Stocks reacted as Federal Reserve Bank of Chicago President Charles Evans eluted to the …

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