Tag Archives: Middle East

Lockheed Boosts Intl Sales Goal to 30% on F-35, Missile Defense Prospects

Lockheed Martin (NYSE: LMT) has lifted its goal of international revenue from an initial goal of 25 percent originally set in 2014 to 30 percent in future years past 2016 as the defense contractor is “on track to exceed” the former benchmark this year, CEO Marillyn Hewson told investors Tuesday. Contributions …

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DynCorp to Support US Forces in Qatar, Saudi Arabia Under 2 New AFCAP IV Task Orders

TYSONS CORNER, VA, Sept. 20, 2016 — DynCorp International has secured two additional Air Force Contract Augmentation Program IV task orders worth a total of $10.3 million to support U.S. military forces deployed in the Middle East, ExecutiveBiz reported Monday. The company said Friday it will provide F-15 Strike Eagle acquisition services to aid …

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September 1 Market Close: GovCon Index Dragged by Vectrus Plunge After Mideast Contract Loss to URS

Executive Mosaic’s GovCon Index started September with a slight decline Thursday to register its third straight loss as Vectrus (NYSE: VEC) plunged almost 20 percent on the loss of a contract for Middle East-based logistics services the company held since 2010. Colorado Springs-based Vectrus said pre-open the Army Prepositioned Stocks-5 contract for …

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Apollo Group, Constellis Executives to Buy Out Security Services Contractor

A group of investors including New York City-based Apollo Global Management (NYSE: APO) along with executive team members at Constellis Group have agreed to undertake a buyout of the global security services contractor for an undisclosed sum. Constellis Group said Friday it expects the transaction to close by the end of September and the …

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Vectrus Lifts 2016 Earnings, Revenue Guidance

Vectrus (NYSE: VEC) has lifted full-year earnings and revenue guidance on improved outlooks in cash flow for the 2016 second half and expectations of extra payments on debt. The Colorado Springs-based government communications services contractor now expects earnings per share in the $2.07-$2.32 range versus the previous $2.02-$2.31 range with revenue of $1.18 billion-$1.2 billion compared to …

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Lockheed Eyes $15B Export Potential for ‘Made in India’ F-16 Jets

TYSONS CORNER, VA, Aug. 5, 2016 — Lockheed Martin (NYSE: LMT) anticipates $15 billion in potential exports of the F-16 fighter jet with the proposed transfer of that aircraft’s production to India, ExecutiveBiz reported Thursday. The Economic Times reported Thursday that an F-16 production line in India could lead to export sales of …

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August 2 Market Close: GovCon Index Down on Boeing & Services Stock Losses, Harris Jumps 2% on Jana Partners Board Pact

Executive Mosaic’s GovCon Index traded downward Tuesday on sharp declines in Boeing (NYSE: BA) and major services-oriented contractors while Harris Corp. (NYSE: HRS) soared 2.71 percent on news of its board of directors membership agreement with activist hedge fund Jana Partners. The GovCon Index declined 0.316 points to 82.184 and five of the GCI’s 11 S&P 500-listed stocks …

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Centerra Buys TDI in Humanitarian Demining Market Push; Paul Donahue Comments

Centerra Group has purchased battle area and landmine clearance provider The Development Initiative for an undisclosed sum as part of Centerra’s global expansion efforts and plan to re-enter the humanitarian mine clearance services market. TDI will operate as a Centerra Group subsidiary through its headquarters in Zimbabwe, Centerra said Friday. Paul Donahue, president …

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Janus Global Operations Unveils New Regional Hub in Dubai

TYSONS CORNER, VA, May 10, 2016 — Janus Global Operations, formerly Sterling Global Operations, has opened a new regional hub in Dubai to support government and commercial clients in the Middle East, Asia and Africa, ExecutiveBiz reported Monday. The company said Thursday the Dubai office will also serve as an administrative …

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May 3 Market Close: GovCon Index Sinks on Harris Guidance Cut, CACI’s Extended Slide as Northrop Gets Upgrade

The GovCon Index held negative throughout Tuesday trade and closed at a decline of 0.489 points to 76.365 with Harris Corp. (NYSE: HRS) as the largest lagger after another full-year guidance cut by the military radio maker. Melbourne, Florida-based Harris fell 5.48 percent — or $4.43 — after the company reduced the 12-month revenue forecast in its …

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