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Tag Archives: Lockheed Martin

October 24 Market Close: GovCon Index Lifts on Defense Prime Gains, Rockwell Collins Tumbles on Flat Guidance

Executive Mosaic’s GovCon Index held higher Monday with large prime contractors the top advancers to offset a large decline by Rockwell Collins (NYSE: COL) on flat revenue guidance for its current fiscal year as U.S. stocks advanced on deal activity and new earnings reports. GovCon Index gainers outnumbered laggers at a 5-to-1 …

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Lockheed Martin Eyes Hill AFB as Location for Ground Based Strategic Deterrent PMO

TYSONS CORNER, VA, Oct. 24, 2016 — Lockheed Martin (NYSE: LMT) plans to establish a program management office at the Falcon Hill National Aerospace Research Park at Hill Air Force Base for the Intercontinental Ballistic Missile replacement effort, ExecutiveBiz reported Friday. The company said Thursday it has selected the location in Utah to house …

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October 21 Market Close: GovCon Index Down, Posts 4th Straight Weekly Loss

Executive Mosaic’s GovCon Index held lower Friday as large-cap primes fell to offset a jump by Honeywell International (NYSE: HON) on that company’s in-line third quarter earnings as the GCI ended at its fourth straight weekly loss. GovCon Index laggers outnumbered advancers 2-to-1 in Friday trade and Honeywell was the GCI’s lone S&P 500-listed stock of …

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Weekly Roundup October 17 – October 21, 2016: 3Q Financial Season Not Just Earnings & more

October 17 – October 21, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Another third quarter earnings reporting season is now underway for many large blue chip companies including some in the government contracting arena but that is merely one of many …

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Raytheon to Integrate Landing Guidance Tech With F-35, UAS; Dave Wajsgras Comments

TYSONS CORNER, VA, Oct. 21, 2016 — Raytheon (NYSE: RTN) has received a potential $270 million contract from the U.S. Navy to integrate the Joint Precision Approach and Landing System with various aircraft, GovCon Executive reported Wednesday. The company said Wednesday it will work to integrate the JPALS landing guidance technology with unmanned aircraft …

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Lockheed Awarded $93M Contract Modification for Navy MUOS Engineering, Logistics Services

A business unit of Lockheed Martin (NYSE: LMT) has received a $92.8 million contract modification to perform engineering and interim logistics work on a military communications satellite system for the U.S. Navy. Lockheed Martin Space Systems will also deliver spares and associated materials for the military branch’s Mobile User Objective System under the modification, the Defense Department said Thursday. …

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Textron 3Q Earnings Miss, Revenue Up 2% on Biz Jet Deliveries

Textron (NYSE: TXT) reported third quarter earnings below Wall Street’s expectation Thursday on restructuring costs and lower commercial deliveries in its Bell Helicopter segment. GovCon Index-S&P 500 company Textron reported $0.61 earnings per share versus the $0.67 analyst consensus with third quarter EPS excluding a $0.76 benefit from settlements of Internal Revenue Service audits and the $0.27-after tax restructuring …

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Navy Adds Northrop to MQ-25 Carrier UAS Risk Reduction Program

Northrop Grumman (NYSE: NOC) has secured a potential one-year, $35.8 million contract from the U.S. Navy to implement risk reduction efforts for the future MQ-25 unmanned carrier aviation air system. The Defense Department said Wednesday the company will work to refine concepts and develop trade space ahead of the engineering and manufacturing development phase …

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Reuters: Japan Eyes $1B Ballistic Missile Defense Investment in Response to North Korea’s Rocket Tests

Japan looks to accelerate a $1 billion investment toward its ballistic missile defense systems in response to North Korea’s rocket tests that government personnel believe may lead to the future fielding of a medium-range missile, Reuters reported Monday. Nobuhiro Kubo and Tim Kelly write outlays on a budget request for the year include …

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Air Force’s Lockheed-Built F-35As Slated to Resume Flights by End of 2016

TYSONS CORNER, VA, Oct. 18, 2016 — The F-35 fighter jets built by Lockheed Martin (NYSE: LMT) for the U.S. Air Force are scheduled to complete repairs to their fuel pipes and resume operations by the end of the year, ExecutiveBiz reported Monday. Breaking Defense reported Friday the F-35 Joint Program Office has …

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