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Tag Archives: Lockheed Martin

September 30 Market Close: GovCon Index Held By Vectrus Plunge Against S&P Gain, Post 2nd Straight Down Month

Executive Mosaic’s GovCon Index failed to reverse its steep morning decline Friday despite a significant gain by the S&P 500 as a record intraday plunge by Vectrus (NYSE: VEC) on a large contract loss weighed on the GCI against a 2-to-1 ratio in favor of green stocks. Six of the GovCon Index’s 11 S&P 500 …

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Weekly Roundup September 26 – September 30 2016: Another Shutdown Averted as FY 2017 Starts & more

September 26 – September 30 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The 2016 federal fiscal year ends today and so has — for now — fears over another government shutdown as President Barack Obama signed a bill late Thursday to extend funding …

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Australia Picks Lockheed to Provide Combat System for Future Submarines

TYSONS CORNER, VA, Sept. 30, 2016 — Lockheed Martin (NYSE: LMT) will work with DCNS and Australia’s defense department to integrate combat systems into the country’s future submarines, ExecutiveBiz reported Thursday. The Australian reported Thursday the team will install the combat system with sonars and other features onto 12 submarines in support …

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September 29 Market Close: GovCon Index Slips Into Deep Red, Positioned for 2nd Straight Monthly Loss

Executive Mosaic’s GovCon Index fell out of narrow range in afternoon trade Thursday to close down 1 percent and position itself for a second consecutive monthly loss with one day left in September as fears over the health of Deutsche Bank both dragged down banking shares and overshadowed U.S. financial markets. KBR (NYSE: …

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Canada to Evaluate Data From Potential Contractors on Fighter Jet Replacement Program

TYSONS CORNER, VA, Sept. 29, 2016 — Canada will analyze data collected from Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT), Saab, Dassault Aviation and the consortium comprised of BAE Systems, Airbus and Leonardo-Finmeccanica as the country seeks to replace its CF-18 fleet, ExecutiveBiz reported Wednesday. Reuters reported Monday the Canadian government currently works to explore options …

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Sikorsky Lands $187M in Army Contract Modifications for Taiwan, Tunisia UH-60M Helicopters

The U.S. Army has awarded Lockheed Martin‘s (NYSE: LMT) Sikorsky Aircraft subsidiary two contract modifications worth a combined $187.1 million to provide UH-60M Black Hawk helicopters to Taiwan and Tunisia under foreign military sales agreements. One modification has a potential $148.7 million value and calls for Sikorsky to make six configured UH-60Ms for Taiwan’s air force, the Defense Department said …

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Reports: White House OKs Sale of Boeing, Lockheed Fighter Jets to Qatar, Kuwait & Bahrain

The White House has approved the requests of Kuwait and Qatar to buy up to 76 Boeing-built (NYSE: BA) F-15 and F/A- 18E/F Super Hornet aircraft worth approximately $7 billion, Reuters reported Wednesday. Andrea Shalal writes the U.S. government also cleared the sale of Lockheed Martin-built (NYSE: LMT) F-16 aircraft to Bahrain under a …

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September 28 Market Close: GovCon Index, US Stocks Move Green in PM Trade on Oil Supply Cut Reports

Executive Mosaic’s GovCon Index turned positive in mid-afternoon trade Wednesday along with U.S. stocks after reports surfaced that major oil producing countries reached an agreement to limit global supply with more details due in November. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and eight of its 11 S&P 500 companies …

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Lockheed Martin Rolls Out Japan’s 1st F-35A Jet

TYSONS CORNER, VA, Sept. 27, 2016 — Lockheed Martin (NYSE: LMT) has delivered Japan’s first F-35A fighter jet and marked the occasion in a ceremony that sought to highlight the Japan and U.S. defense alliance, ExecutiveBiz reported Monday. The company said Friday F-35A maintenance training for the Japan Air Self Defense Force is ongoing at Eglin …

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Lockheed Subcontracts General Atomics for Li-ion Batteries on USSOCOM Dry Combat Submersibles

TYSONS CORNER, VA, Sept. 26, 2016 — Lockheed Martin (NYSE: LMT) has subcontracted General Atomics‘ electromagnetic systems subsidiary to provide the U.S. Special Operations Command‘s Dry Combat Submersible vehicles with Lithium-ion Fault Tolerant battery systems, ExecutiveBiz reported Friday. The LiFT battery will work to power DCS propulsion and internal support systems as it transports personnel in …

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