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Tag Archives: Lockheed Martin

Vice Adm. Mathias Winter: JPO Eyes Lot 11 F-35 Deal With Lockheed by mid-October

Navy Vice Adm. Mathias Winter, head of the F-35 joint program office, has said he expects JPO to close a deal with Lockheed Martin (NYSE: LMT) for lot 11 F-35 Lightning II aircraft by Oct. 15, Defense News reported Thursday. Winter told reporters Wednesday after his speech at the Defense News Conference the …

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September 7th Market Close: GovConIndex Closes Up and Major Indices Close Mixed

After two days of downward direction, The Executive Mosaic GovCon Index (GCI) closed up 0.456 percent to 101.643. Advancing outpaced declining shares 2 to 1. Navistar International at the top of the GCI, reported Wednesday a fiscal third quarter net profit of $37 million as compared to a $34 million loss reported the same period …

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ViON Vet Scott Briggs Joins Belcan as Govt Services SVP

Scott Briggs, formerly director of business development at ViON, has joined Belcan as senior vice president of government strategic business unit under the Cincinnati, Ohio-based engineering and technical recruiting firm’s government services segment. Briggs will oversee the segment’s engineering, scientific and technical groups to facilitate the delivery of services to …

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Boeing Joins $499M Air Force Vehicle R&D Contract

Boeing (NYSE: BA) has won a position under the U.S. Air Force‘s potential eight-year, $499 million contract to research and develop aerospace vehicle technologies. The Defense Department said Wednesday Boeing will support the Aerospace Systems Air Platform Technology Research program from a company facility in Hazelwood, Missouri, through Aug. 31, 2025. The …

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Lockheed Begins Construction of $350M Satellite Factory in Colorado; Rick Ambrose Comments

TYSONS CORNER, VA, Sept. 5, 2017 — Lockheed Martin (NYSE: LMT) has begun the construction of a future 266,000-square-foot satellite manufacturing facility in Colorado in efforts to address upcoming production requirements, ExecutiveBiz reported Friday. The Denver Business Journal reported Thursday that Lockheed’s space systems business led the groundbreaking ceremony for the …

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September 5th Morning Report: Friday Close – GovCon Index and Markets Enter Labor Day Weekend in the Positive

The Friday before Labor Day the Executive Mosaic GovCon Index (GCI) continued to climb for the fifth consecutive day to close up 0.588 percent to 102.099. ICF (NYSE; ICFI), topped the GCI with 7.18 percent gain on the day and 8.10 points or 18.7 percent on the week. The major indices all closed Friday with positive …

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Executive Mosaic’s Weekly GovCon Round-up: This Week in Contracts

Weekly Roundup August 28 – September 1 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week we saw a number of contracts awarded across a variety of fields such as medicine, cybersecurity, vehicle improvement and modernization, missiles and more. Let’s take a …

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Lockheed, Mahindra Launch India-Based Training Center for C-130J Aircrew

TYSONS CORNER, VA, Sept. 1, 2017 — Lockheed Martin (NYSE: LMT) and its partner Mahindra Defence Systems have unveiled a new facility in India that features a full-motion simulator that will work to train C-130J Super Hercules aircrew in the Indian air force, ExecutiveBiz reported Thursday. Mahindra said Wednesday the training center in …

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State Dept OKs Australia’s Request for $360M in MH-60R Helicopter Upgrade Services

The State Department has approved Australia’s request to purchase follow-on technical services and related equipment to support updates to 24 MH-60R helicopters under a potential $360 million foreign military sales agreement. Lockheed Martin’s (NYSE: LMT) Sikorsky business will serve as the principal contractor in the proposed FMS transaction that also …

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Sikorsky Gets $304M Contract Funds to Produce Initial Navy CH-53K Helicopters

Lockheed Martin‘s (NYSE: LMT) Sikorsky subsidiary has received a potential $304 million contract modification from the U.S. Navy for the low-rate initial production of lot 1 CH-53K heavy-lift helicopters. The Defense Department said Thursday that Sikorsky will build two CH-53K units as well as provide aircraft, programmatic and logistics support, peculiar support equipment and …

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