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Tag Archives: Lockheed Martin

August 30 Market Close: GovCon Index Drops, Lockheed & Primes Lead Losses on Low Volume Day

Executive Mosaic’s GovCon Index held negative in a light trading session for U.S. stocks Tuesday as defense primes led GCI losses ahead of the July jobs report scheduled for release before markets open Friday. Tuesday’s decline represents the GovCon Index’s fifth decline over six days in a stretch driven by extended losses …

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ULA Explores Reusable 2nd Stage for Rocket to Support In-Orbit Activities

TYSONS CORNER, VA, Aug. 30, 2016 — A Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) joint venture is working to develop a reusable second rocket stage that will remain in low Earth orbit to support potential activities in space, ExecutiveBiz reported Monday. Quartz reported Saturday Tory Bruno, CEO of the …

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Lockheed Martin Provides Heat Shield for Orion Crew Module

TYSONS CORNER, VA, Aug. 30, 2016 — Lockheed Martin (NYSE: LMT) has provided the heat shield for the Orion crew module of NASA‘s Exploration Mission-1 and delivered the component to the Kennedy Space Center, ExecutiveBiz reported Monday. NASA said Saturday it then transported the heat shield to the Neil Armstrong Operations and Checkout Building in preparation …

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Navy Selects 4 Firms for $951M LCS Fleet Sustainment Support IDIQs

The U.S. Navy has awarded positions on a pair of indefinite-delivery/indefinite-quantity contracts worth up to $950.8 million combined over five years for sustainment work on the Littoral Combat Ships 1 variant class. BAE Systems‘ Southeast Shipyards Mayport division and General Dynamics‘ (NYSE: GD) NASSCO subsidiary can vie for task orders …

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Lockheed Gets $147M Contract Modification to Update Army’s Close Combat Trainer Systems

Lockheed Martin (NYSE: LMT) has been awarded a $147.1 million contract modification to complete upgrade work on close combat tactical trainer systems for the U.S. Army. The company will continue to provide engineering, testing, technical management, logistical and materials and equipment support services under the military branch’s the CCTT modernization effort, the Defense Department said Friday. The Army’s program …

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NNSA Picks Lockheed Subsidiary for $5B Follow-On Nevada Natl Security Site Operations Contract

A subsidiary of Lockheed Martin (NYSE: LMT) has won a potential 10-year, $5 billion contract to help the National Nuclear Security Administration manage and operate the Nevada National Security Site. NNSA said Friday it chose Lockheed subsidiary Nevada Site Science Support and Technologies Corp.‘s proposal for the follow-on NNSS M&O contract through a …

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Lockheed Lands $287M Air Force C-130J Manufacturing Contract Modification

Lockheed Martin (NYSE: LMT) has received a $287.2 million contract modification to produce an additional five C-130J type aircraft for the U.S. Air Force. The Defense Department said Friday Lockheed will perform work in Marietta, Georgia, through Apr. 30, 2020. DoD noted the full obligated amount is from the Air Force’s fiscal years …

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August 29 Morning Report: GovCon Index Posts Friday, Weekly Loss on Federal Reserve’s Rate Hike Outlook

Executive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike. Yellen has told central bankers in Wyoming the current low unemployment rate and increased price stability has strengthened the case for another interest rate hike potentially next …

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August 26 Market Close: GovCon Index Down, US Stocks Mixed After Fed Chair’s Hawkish Rate Hike Outlook

Executive Mosaic’s GovCon Index stumbled to negative in late morning trade Friday for a second straight weekly loss as U.S. stocks tried for gains shortly before the close after Federal Reserve Chair Janet Yellen told central bankers in Wyoming she believes the case has strengthened for another interest rate hike. Friday’s close …

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Weekly Roundup August 22 – August 26 2016: JPMorgan Analyst Bullish on Defense & more

August 22 – August 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An investment analyst at the U.S.’ biggest and world’s fifth largest bank endorsed the defense sector this week in a note to investors with a forecast that views continued “green” movement in …

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