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Tag Archives: Lockheed Martin

December 29 Market Close: GovCon Index Advances, US Stocks Turn Red After Russia Sanctions

Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned slightly negative as markets …

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Air Force Kicks Off JSTARS Aircraft Replacement Bid Process

The U.S. Air Force has launched a full and open competition on the development of a new Joint Surveillance Target Attack Radar System to support airborne battle management command-and-control, intelligence, surveillance and reconnaissance operations of joint and coalition forces. A request for proposal document for the JSTARS Recapitalization program outlines  airframe, radar, communication technology and battle management …

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December 28 Market Close: GovCon Index Falls, Primes Lead Losses

Executive Mosaic’s GovCon Index tumbled Wednesday on notable declines by large defense and government services primes as U.S. stocks also fell with every major sector in negative territory to damper hopes of a Dow Jones Industrial Average close above 20, 000 before the year’s end. Two out of 30 GovCon Index stocks …

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December 27 Market Close: GovCon Index Lifts to Start 2016’s Last Trading Week

Executive Mosaic’s GovCon Index traded higher Tuesday to start the final trading week of 2016 as GCI-S&P 500 company Lockheed Martin (NYSE: LMT) led gains in conjunction with positive performances by mid- and lower-tier primes and services contractors. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and eight of its 11 S&P 500 …

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Lockheed, Data Security Council of India Launch Online Cybersecurity Education Platform

TYSONS CORNER, VA, Dec. 27, 2016 — Lockheed Martin (NYSE: LMT) and Data Security Council of India have launched an online portal the aims to educate small- and medium-sized businesses and vocational training institutes on cybersecurity, GovCon Executive reported Friday. The CyberAware platform includes training modules on cyber threats and internet …

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Lockheed CEO Marillyn Hewson Offers Trump ‘Personal Commitment’ to Reduce F-35 Cost

Lockheed Martin (NYSE: LMT) CEO Marillyn Hewson has said she assured President-elect Donald Trump that the company will work to reduce the cost of the F-35 fighter aircraft, CNN reported Friday. Danielle Wiener-Bronner writes Hewson made the remarks in a Twitter post Friday a day after Trump asked Boeing (NYSE: BA) to quote …

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Gary Wang, Peter O’Donoghue Join Unisys Federal as VPs; PV Puvvada Comments

Gary Wang, a former chief technology officer at IBM (NYSE: IBM), and Peter O’Donoghue, a former vice president at CSRA (NYSE: CSRA), will serve as VPs within Unisys‘ (NYSE: UIS) federal business. Wang will oversee Unisys Federal‘s cloud-related products as VP for cloud and infrastructure services while O’Donoghue will be responsible for the organization’s application modernization efforts …

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Lockheed Martin Gets Potential $285M Target Sight System Order From Navy

Lockheed Martin (NYSE: LMT) has received a potential $284.6 million contract from the U.S. Navy to produce infrared target sight systems for the AH-1Z Cobra attack helicopter. The company’s Orlando, Florida-based missile and fire control unit will produce the sight system in Orlando and Ocala in Florida through January 2022 for …

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Trump Asks Boeing for Super Hornet Competing Price Following Comments on F-35 Cost

President-elect Donald Trump has asked Boeing (NYSE: BA) to quote a competing price for its F-18 Super Hornet fighter aircraft citing cost overruns in the Lockheed Martin-built (NYSE: LMT) F-35 jet, Bloomberg reported Thursday. Anthony Capaccio and Alex Wayne write Trump made the announcement in a Twitter post Thursday a day after he …

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Lockheed Gets $1.45B Contract to Supply PAC-3 Missile Interceptors to Army, Foreign Govt Clients

Lockheed Martin (NYSE: LMT) has received a potential three-year, $1.45 billion contract to produce and supply Patriot Advanced Capability-3 and PAC-3 Missile Segment Enhancement interceptors for the U.S. Army and allied countries through a foreign military sales agreement. The fixed-price-incentive contract covers the delivery of 205 PAC-3 MSE interceptors for the U.S. …

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