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Tag Archives: Lockheed Martin

Rolls-Royce Awarded $74M Air Force C-130J Propulsion Sustainment Task Order

Rolls-Royce has secured a $73.6 million task order to sustain the propulsion systems of the U.S. Air Force‘s fleet of C-130J Super Hercules transport aircraft. The company will also provide inventory control point management, repair, sustaining engineering and technical data support services under the task order, the Defense Department said Thursday. …

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January 26 Market Close: GovCon Index Dragged by McKesson, Raytheon & Northrop in Mixed US Stock Trading Session

Executive Mosaic’s GovCon Index traded lower Thursday with declines by large caps McKesson Corp. (NYSE: MCK), Raytheon (NYSE: RTN) and Northrop Grumman (NYSE: NOC) the main contributors in a mixed trading session for U.S. stocks. GovCon Index decliners slightly edged gainers as seven of its 11 S&P 500 components advanced with co-listed L3 Technologies (NYSE: LLL) …

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AIDC Starts Update Work on Taiwan’s Lockheed-Built F-16s

TYSONS CORNER, VA, Jan. 26, 2017 — Aerospace Industrial Development Corp. has begun to implement updates to Taiwan’s fleet of Lockheed Martin-built (NYSE: LMT) F-16 Fighting Falcon aircraft, ExecutiveBiz reported Wednesday. Taiwanese state-owned AIDC stated that it expects to complete the modernization work on 144 F-16s in six years with four jets currently …

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NNSA Issues Honeywell Subsidiary Notice to Proceed for Sandia Labs Mgmt Transition

A subsidiary of Honeywell International (NYSE: HON) has received a notice to proceed from the National Nuclear Security Administration to start the transition efforts for the operation and management of Sandia National Laboratories. National Technology & Engineering Solutions of Sandia will assume management responsibilities at SNL on May 1 with Northrop Grumman (NYSE: NOC), Universities Research …

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Raytheon, Leonardo Drop Out of T-X Trainer Program Partnership

Raytheon (NYSE: RTN) and Leonardo have decided to end their partnership to compete for the U.S. Air Force’s T-X trainer aircraft program after the companies failed to “reach a business agreement, ” Defense News reported Wednesday. Aaron Mehta and Valerie Insinna write Leonardo said in a statement published Wednesday the firm has started to …

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January 25 Market Close: GovCon Index Higher on Boeing Earnings Beat, Textron Miss Weighs

Executive Mosaic’s GovCon Index held onto its gain Wednesday with help from Boeing (NYSE: BA) on the airplane maker’s fourth quarter results above analyst forecasts to offset the decline by Textron (NYSE: TXT) after its October-December figures disappointed Wall Street. U.S. stocks by comparison hit all-time highs again in comparison as the S&P …

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NOAA Releases 1st Image From Harris-Built Camera on Lockheed’s GOES-16 Satellite

TYSONS CORNER, VA, Jan. 25, 2017 — The National Oceanic and Atmospheric Administration has released the first image captured by a Harris-built (NYSE: HRS) digital camera onboard the Lockheed Martin-produced (NYSE: LMT) Geostationary Operational Environmental Satellite-16, ExecutiveBiz reported Tuesday. The weather satellite’s Advanced Baseline Imager took a picture of the Earth’s western hemisphere …

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January 24 Market Close: GovCon Index Advances With Boeing Lift, Lockheed Drags on Dimmed Guidance & Sikorsky Material Weakness

Executive Mosaic’s GovCon Index traded higher Tuesday on a lift from Boeing (NYSE: BA) and government services stocks as Lockheed Martin (NYSE: LMT) fell after the defense contractor reported material weaknesses related to internal controls for financial statements at its Sikorsky helicopter subsidiary. All three major U.S. stock indices also advanced as the S&P …

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Air Force Launches Latest Lockheed-Built Missile Warning Satellite

TYSONS CORNER, VA, Jan. 24, 2017 — The U.S. Air Force has launched the third Lockheed Martin-built (NYSE: LMT) missile warning satellite that will work to perform infrared surveillance and provide global situation awareness to the U.S. and its allies, ExecutiveBiz reported Monday. The Space Based Infrared System GEO Flight 3 satellite was launched aboard …

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State Dept OKs $510M in Missile, Apache Logistics Support Requests from Kuwait

The State Department has approved Kuwait’s request to buy advanced medium range air-to-air missiles and logistics support for Boeing-built (NYSE: BA) AH-64D Apache helicopters under a pair of foreign military sales agreements worth approximately $510 million combined. Kuwait requested to procure contractor logistics and sustainment support services for Apaches, as well as simulators, …

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