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Tag Archives: Lockheed Martin

State Dept Clears $1.7B Main Battle Tank Recapitalization Deal for Kuwait

The State Department has approved Kuwait’s request to buy equipment and support services for the recapitalization of 218 General Dynamics-built (NYSE: GD) Abrams M1A2 main battle tanks under a potential $1.7 billion foreign military sales agreement with the U.S. government. The Defense Security Cooperation Agency said Tuesday the deal covers 240 .50 Cal M2A1 machine guns, 480 7.62mm M240 …

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December 13 Market Close: GovCon Index Lower, S&P 500 Higher as Federal Reserve Meeting Gets Underway

Executive Mosaic’s GovCon Index closed lower Tuesday in a session that saw the U.S. stock bellwether S&P 500 close at an all-time record high as investors restarted post-election buying activity in sectors they expect to see growth under a Donald Trump administration. Tuesday’s flat movement by the GCI follows Monday’s 1-percent decline as …

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Lockheed Martin to Update Air Force GPS Satellite Ground Control System

TYSONS CORNER, VA, Dec. 13, 2016 — Lockheed Martin (NYSE: LMT) will update the U.S. Air Force‘s GPS satellite ground control system to support GPS Block III satellite operations as part of the completed Contingency Operations contract, ExecutiveBiz reported Monday. The company said Monday the modification is designed to allow the ground …

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December 12 Market Close: GovCon Index Closes Down 1% After Trump F-35 Tweet, Lockheed Falls 2%

Executive Mosaic’s GovCon Index fell 1 percent Monday on a steep by Lockheed Martin‘s (NYSE: LMT) stock at 2 percent as other large defense primes also tumbled after President-elect Donald Trump criticized the F-35 program’s costs in a Twitter post before markets opened. The GovCon Index traded down 2 percent shortly before 12 p.m. Eastern …

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Lockheed Examines Cheyenne Resources Ahead of Air Force ICBM Launch Facility Renovation Project

TYSONS CORNER, VA, Dec. 12, 2016 — Lockheed Martin (NYSE: LMT) representatives have visited the city of Cheyenne in Wyoming to inspect local resources as the company pursues a U.S. Air Force program to update the country’s ballistic missile system and launch facilities, ExecutiveBiz reported Friday. Wyoming Tribune Eagle reported Tuesday that Boeing (NYSE: …

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U.S., India Continue Talks on Boeing, Lockheed Fighter Aircraft Production Facilities

TYSONS CORNER, VA, Dec. 12, 2016 — The U.S. and India are working on a deal to establish manufacturing hubs for Lockheed Martin (NYSE: LMT) F-16 and Boeing (NYSE: BA) F/A-18 fighter jets in India, ExecutiveBiz reported Friday. The Washington Post reported Monday the Indian government seeks to co-produce both the F-16 and F/A-18 aircraft platforms as …

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Lockheed Down 5% at Midday, GovCon Index 2% Lower After Trump’s F-35 Twitter Criticism

Shares in Lockheed Martin (NYSE: LMT) traded down approximately 5 percent as noon Eastern time approached Monday after President-elect Donald Trump criticized the F-35 Joint Strike Fighter program on Twitter in the early morning hours. “The F-35 program and cost is out of control. Billions of dollars can and will …

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Air Force to Choose 2 Bases to House Lockheed-Built F-35A Fleet

TYSONS CORNER, VA, Dec. 9, 2016 — The U.S. Air Force will select two Air National Guard bases to host its Lockheed Martin-built (NYSE: LMT) F-35A Joint Strike Fighter jet, Executive Gov reported Thursday. The military service will choose from Dannelly Field Air Guard Station,  Gowen Field Air Guard Station,  Jacksonville Air Guard Station,  Selfridge Air National Guard Base …

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December 8 Market Close: GovCon Index Drops on Steep Prime Declines, SAIC Climbs on Earnings Beat

Executive Mosaic’s GovCon Index tumbled Thursday on steep losses among several of its large-cap prime components as U.S. stocks posted a small advance to a new record high close with financial shares the top performers at a 1-percent gain and industrials the largest laggards. Thursday’s decline puts the GCI below 90 points after a …

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Booz Allen’s Greg Wenzel Details Engineering, Digital Services Push Through Aquilent Buy

Booz Allen Hamilton‘s (NYSE: BAH) pending $250 million purchase of Laurel, Maryland-based cloud computing and digital services contractor Aquilent represents a selective entry into the GovCon acquisition landscape for a firm as it has made five purchases. McLean, Virginia-based Booz Allen largely sat out of last year’s large deal activity that reshaped the government technology services sector …

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