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Tag Archives: Lockheed Martin

December 31 & 2016 Market Close: GovCon Index Lower, Ends at 16% YTD Gain

Executive Mosaic’s GovCon Index retreated Friday in the final trading session of 2016 to close a negative December but but a positive year on a boost to defense stocks in the post-election rally that has swept through U.S. markets. The GovCon Index closes 2016 with a year-to-date gain of 16.73 percent as the U.S. stock …

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Oshkosh Gets $176M Modification on Army JLTV Production Contract

Oshkosh (NYSE: OSK) has received a one-year, $176.1 million contract modification to build 409 Joint Light Tactical Vehicles for the U.S. Army. The Defense Department said Thursday Oshkosh’s defense business segment will perform work in Oshkosh, Wisconsin through Dec. 31, 2017. The Army Contracting Command obligated the full amount of the modification at the time of …

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Lockheed Gets $450M Contract Modification to Continue F-35A Air System Integration for South Korea

Lockheed Martin (NYSE: LMT) has been awarded a $450 million contract modification by the U.S. Navy to continue integration work on the F-35A air system for South Korea as part of a foreign military sales deal. The Defense Department said Thursday the modification also covers non-recurring engineering services and falls under a previously awarded advance …

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December 29 Market Close: GovCon Index Advances, US Stocks Turn Red After Russia Sanctions

Executive Mosaic’s GovCon Index moved higher Thursday on broad gains among defense primes and services contractors as U.S. stocks closed slightly lower in a mostly quiet penultimate trading session for 2016. Investors continued their post-election focus on defense and other GovCon stocks, while the S&P 500 composite index turned slightly negative as markets …

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Air Force Kicks Off JSTARS Aircraft Replacement Bid Process

The U.S. Air Force has launched a full and open competition on the development of a new Joint Surveillance Target Attack Radar System to support airborne battle management command-and-control, intelligence, surveillance and reconnaissance operations of joint and coalition forces. A request for proposal document for the JSTARS Recapitalization program outlines  airframe, radar, communication technology and battle management …

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December 28 Market Close: GovCon Index Falls, Primes Lead Losses

Executive Mosaic’s GovCon Index tumbled Wednesday on notable declines by large defense and government services primes as U.S. stocks also fell with every major sector in negative territory to damper hopes of a Dow Jones Industrial Average close above 20, 000 before the year’s end. Two out of 30 GovCon Index stocks …

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December 27 Market Close: GovCon Index Lifts to Start 2016’s Last Trading Week

Executive Mosaic’s GovCon Index traded higher Tuesday to start the final trading week of 2016 as GCI-S&P 500 company Lockheed Martin (NYSE: LMT) led gains in conjunction with positive performances by mid- and lower-tier primes and services contractors. GovCon Index gainers outnumbered decliners by a 2-to-1 ratio and eight of its 11 S&P 500 …

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Lockheed, Data Security Council of India Launch Online Cybersecurity Education Platform

TYSONS CORNER, VA, Dec. 27, 2016 — Lockheed Martin (NYSE: LMT) and Data Security Council of India have launched an online portal the aims to educate small- and medium-sized businesses and vocational training institutes on cybersecurity, GovCon Executive reported Friday. The CyberAware platform includes training modules on cyber threats and internet …

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Lockheed CEO Marillyn Hewson Offers Trump ‘Personal Commitment’ to Reduce F-35 Cost

Lockheed Martin (NYSE: LMT) CEO Marillyn Hewson has said she assured President-elect Donald Trump that the company will work to reduce the cost of the F-35 fighter aircraft, CNN reported Friday. Danielle Wiener-Bronner writes Hewson made the remarks in a Twitter post Friday a day after Trump asked Boeing (NYSE: BA) to quote …

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Gary Wang, Peter O’Donoghue Join Unisys Federal as VPs; PV Puvvada Comments

Gary Wang, a former chief technology officer at IBM (NYSE: IBM), and Peter O’Donoghue, a former vice president at CSRA (NYSE: CSRA), will serve as VPs within Unisys‘ (NYSE: UIS) federal business. Wang will oversee Unisys Federal‘s cloud-related products as VP for cloud and infrastructure services while O’Donoghue will be responsible for the organization’s application modernization efforts …

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