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Tag Archives: Lockheed Martin

Lockheed Secures $166M Navy Contract for Automatic Test Equipment Production

Lockheed Martin (NYSE: LMT) has been awarded a potential four-year, $166 million contract to provide automatic test equipment and support services to the U.S. Navy. The Defense Department said Wednesday the contract covers full-rate production of 36 electronic Consolidated Automated Support Systems as well as sustaining logistics and engineering services. Work will occur in Orlando, Florida; Hunt …

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Lockheed Martin to Supply MH-60R Radar Periscope Detection Kits to Navy

TYSONS CORNER, VA, Feb. 1, 2017 — The U.S. Navy has awarded a Lockheed Martin (NYSE: LMT) business a $45.8 million delivery order for 29 automatic radar periscope detection and discrimination standard retrofit p-kits for MH-60R helicopters, ExecutiveBiz reported Tuesday. Lockheed’s mission systems and training unit will perform work under the order mostly …

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Pratt & Whitney Selects Matthew Bromberg to Replace Retiring Military Engines President Bennett Croswell

Matthew Bromberg, a 15-year veteran of United Technologies Corp. (NYSE: UTX) and president of the commercial engines aftermarket business of its Pratt & Whitney subsidiary, has been appointed to serve as president of the subsidiary’s military engines unit by May. Pratt & Whitney said Tuesday that Bromberg will succeed the retiring Bennett Croswell and …

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January 31 Market Close: GovCon Index Flat to Record Monthly Loss, Aerospace Primes Lead Declines

Executive Mosaic’s GovCon Index closed flat Tuesday with large prime aerospace contractors the main laggards and services companies the predominant gainers as U.S. stocks also fell on continued investor uncertainty over White House policies. GovCon Index decliners outnumbered gainers 18-12 as three of its 11 S&P 500 components advanced with co-listed McKesson Corp. (NYSE: …

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Lockheed Martin Opens New Facility for Autonomous Systems Business in Colorado

TYSONS CORNER, VA, Jan. 30, 2017 — Lockheed Martin (NYSE: LMT) has opened a new office in Littleton, Colorado, for its autonomous systems business unit, ExecutiveBiz reported Friday. Denver Business Journal reported Wednesday the industrial space is designed to support Lockheed’s efforts to develop new autonomous technologies such as self-driving ground vehicles, drones and machine learning …

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January 27 Market Close: GovCon Index Held Positive by General Dynamics on Upbeat 3-Year Sales Outlook

Executive Mosaic’s GovCon Index held positive Friday to end the week flat despite a majority of its 30 stocks in negative territory as S&P 500-listed General Dynamics (NYSE: GD) surged to an all-time record high during the session after the defense contractor issued a bullish three-year sales outlook. U.S. stocks traded slightly …

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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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