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Tag Archives: Lockheed Martin

Lockheed Awarded Potential $426M Contract for Aegis Combat System Support Work

Lockheed Martin (NYSE: LMT) has received a potential $426 million contract from the U.S. Navy to build and field the Aegis Weapon System and the integrated Aegis Combat System on three of the military branch’s Arleigh Burke-class destroyer ships. The Defense Department said Friday that Lockheed will provide follow-on support services  for USS …

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September 16 Market Close: GovCon Index Down, Ends Week at Loss Ahead of Fed Rate Summit

Executive Mosaic’s GovCon Index held negative Friday to end at a weekly decline as U.S. stock markets extended the current stretch of sharp swings between gains and losses as the Federal Reserve‘s next two-day meeting looms for Tuesday and Wednesday. Decliners outnumbered advancers 9-to-1 and all of the GovCon Index’s S&P …

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Lockheed Postpones Initial Delivery of Air Force GPS III Satellites to December

TYSONS CORNER, VA, Sept. 16, 2016 — Lockheed Martin (NYSE: LMT) has found an issue with a component of the U.S. Air Force‘s GPS III satellites and has postponed the first satellite delivery by four months in an effort to address the matter, ExecutiveBiz reported Thursday. Space News reported Wednesday that the company has …

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WSJ: Boeing Questions Denmark’s Fighter Aircraft Replacement Proposal Evaluations

Boeing (NYSE: BA) has raised concerns about a decision of Denmark to choose the Lockheed Martin-built (NYSE: LMT) F-35 over the former’s F/A-18 to serve as the next fighter aircraft platform for the Danish military,  the Wall Street Journal reported Thursday. Robert Wall and Doug Cameron write that Denmark’s defense ministry …

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September 15 Market Close: GovCon Index Surges to Extend Volatility, Primes Lead Gains

The GovCon Index rallied Thursday to extend its current stretch of volatility into a fifth straight session as large primes and S&P 500-listed contractors led advancers in conjunction with gains in the larger U.S. stock market on economic data traders view as a factor against a September interest rate hike. The GovCon Index …

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Lockheed Martin to Launch DigitalGlobe’s WorldView-4 Satellite on Sept. 16

TYSONS CORNER, VA, Sept. 15, 2016 — Lockheed Martin (NYSE: LMT) will launch DigitalGlobe‘s (NYSE: DGI) WorldView-4 imaging satellite aboard a United Launch Alliance Atlas V rocket from Vandenberg Air Force Base on Sept. 16, ExecutiveBiz reported Wednesday. The satellite is expected to reach a sun-synchronous orbit following liftoff and capture high-resolution …

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SC3 Promotes David Clark to CFO, Expands Role of COO Chuck Hicks

David Clark, vice president of business operations at SC3, has been promoted to chief financial officer at the Alexandria, Virginia-based federal technology and consulting services contractor. Clark will oversee SC3’s financial and corporate functions in the areas of procurement, accounting, pricing, financial analysis and contracts, the company said Tuesday. The 17-year …

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Lockheed Martin Opens Defense, Security Programs to Polish Industry

TYSONS CORNER, VA, Sept. 9, 2016 — Lockheed Martin (NYSE: LMT) and Polska Grupa Zbrojeniowa, a state-owned defense consortium in Poland, have signed a letter of intent for PGZ member companies to take part in Lockheed’s defense and security programs, ExecutiveBiz reported Thursday. The agreement works to boost the involvement of PGZ …

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Weekly Roundup September 6-September 9: SAIC Reports Quarterly Earnings, Congress Back In Session, and More

September 6 – September 9 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson With summer official coming to a close and the nation celebrating Labor Day we see the government contracting community returning to their normal schedules. With the federal budget year …

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September 8 Market Close: GovCon Index Closes Down Slightly, But Strong Performance From SAIC

Executive Mosaic’s GovCon Index closed down slightly for the second straight day. GovCon stocks split evening with 1/2 advancing and 1/2 declining. The biggest gainer in the GovCon sector was SAIC closing at $69.95, up $3.95 or 6.01%. SAIC released strong quarterly earning of $0.85 per share, beating the Wall Street …

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