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Tag Archives: Lockheed Martin

August 1 Market Close: GovCon Index Lifted on Engility, General Dynamics & Cubic Gains

Executive Mosaic’s GovCon Index traded higher Monday in mixed activity for U.S. stocks as Engility Holdings (NYSE: EGL) surged on a second quarter earnings beat with General Dynamics (NYSE: GD) and Cubic Corp. (NYSE: CUB) also as top performers. The GovCon Index added 0.252 points to 82.500 with four of the GCI’s 11 …

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Navy Awards Lockheed Potential $68M IDIQ to Update MH-60R Radar Systems

Lockheed Martin (NYSE: LMT) has secured a $67.6 million contract to engineer, manufacture and deliver automatic radar periscope detection and discrimination multi-mode radar kits to the U.S. Navy. The Defense Department said Thursday Lockheed’s mission systems and training business unit will produce up to 103 AN/APS-153(V)1 radar kits for integration into the service branch’s fleet …

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July 28 Market Close: GovCon Index Flat as L-3 & Raytheon Surges Offset by McKesson, Boeing Losses

Executive Mosaic’s GovCon Index struggled for clear direction Thursday strong gains by Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) on second quarter earnings reports were offset by large plunges from McKesson Corp. (NYSE: MCK) and Boeing (NYSE: BA). The GovCon Index recorded a decline of 0.061 points to 82.313 with seven of …

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Rick Ambrose: Lockheed, Sandia Lab Bid Partners Aim for Partnerships, Talent, Small Biz Growth

TYSONS CORNER, VA, July 28, 2016 — Lockheed Martin (NYSE: LMT) and its partners Purdue University, New Mexico State University and the New Mexico Institute of Mining and Technology will bid on a potential 10-year, $2.9 billion contract to manage and operate Sandia National Laboratories, ExecutiveBiz reported Tuesday. The university partners will …

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Raytheon & L-3 Boost Earnings Guidance on 2Q Beat, Leidos Below Street Outlook

Three government contractors listed in Executive Mosaic’s GovCon Index reported second quarter financial results before U.S. markets opened Wednesday. Raytheon (NYSE: RTN) and L-3 Communications (NYSE: LLL) both lifted full-year earnings and revenue guidance Thursday on second quarter results that topped the consensus analyst outlooks for each figure. Raytheon cited sales of its Paveway …

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Bloomberg: USAF Expects Sept. Release of GAO’s ‘Declassified’ Bomber Contract Bid Protest Ruling Documents

The U.S. Air Force could finish a declassified copy of the Government Accountability Office‘s decision to uphold the military branch’s selection of Northrop Grumman (NYSE: NOC) over a Boeing (NYSE: BA)-Lockheed Martin (NYSE: LMT) team for the Long Range Strike Bomber program around late September, Bloomberg reported Wednesday. Anthony Capaccio writes the Air Force will redact GAO’s findings in the …

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July 26 Market Close: GovCon Index Holds Higher Against Flat US Market Ahead of Prime Defense Earnings

Executive Mosaic’s GovCon Index traded higher Tuesday against choppy trade in the larger U.S. stock market as defense-oriented investors prepare to examine a large batch of earnings reports from major sector players due Wednesday. The GovCon Index notched a gain of 0.473 points to 82.151 and eight of the GCI’s 11 S&P 500-listed companies closed …

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Lockheed Gets Contract Modification for Navy Ballistic Missile IT Systems Cyber Update

TYSONS CORNER, VA, July 26, 2016 — Lockheed Martin (NYSE: LMT) will provide a cybersecurity update for the U.S. Navy‘s fleet ballistic missile information technology applications and systems under an $8.34 million contract modification, ExecutiveBiz reported Monday. The Defense Department said Friday the contract also covers a high-voltage detonator refresh and associated …

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9 Firms Win Spots on $1.8B Navy Training Systems Support IDIQ

Nine companies have won positions on a potential five-year, $1.75 billion contract to support fielded training systems of the U.S. Navy and the U.S. Marine Corps as well as foreign military customers. The Defense Department said Monday contractors will compete for individual orders to perform training device operation,  maintenance, modification and relocation services, contract …

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July 25 Morning Report: GovCon Index Posts Friday Gain, Nominal 5-Day Decline Ahead of Q2 Reports

Executive Mosaic’s GovCon Index closed Friday with a gain of 0.289 points to 81.788 but remained in the negative with a nominal five-day 0.031-point drop. The decline comes amid the large selloff of stocks in the defense and GovCon sectors Thursday as reports on second-quarter earnings among government contracting companies start coming in. GCI second-quarter reports Friday came …

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