July 18 – July 22 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson As is the custom of recent times, Lockheed Martin started a new earnings season for GovCon companies Tuesday with a boost to its full-year guidance and second quarter financial results that ...
TYSONS CORNER, VA, July 22, 2016 ” Boeing (NYSE: BA) has received a $27.1 million contract from the U.S. Air Force to provide simulation equipment and support services for the service branch’s mission training center, ExecutiveBiz reported Thursday. The Defense Department said Wednesday the contract covers simulators for trainin...
Boeing (NYSE: BA) will take $2.05 billion in total after-tax charges on second quarter earnings that include a $393 million writedown on the KC-46 refueling tanker for the Air Force when the airplane manufacturer reports April-June results Wednesday. The company said Thursday the charges amount to $3.23 in earnings per share with 63 c...
A joint venture of Boeing (NYSE: BA) and Bell Helicopter has received a four-year, $544.6 million contract modification from the U.S. Navy to manufacture and deliver four MV-22 Osprey multirole tiltrotor aircraft to Japan under the foreign military sales program. The Bell-Boeing Joint Program Office will also obtain long-lead materials needed t...
Boeing (NYSE:BA) has secured a $100.4 million contract modification from the U.S. Navy to provide long-lead parts and support services for the production of four Lot 8 P-8A maritime patrol aircraft for Australia. The Defense Department said Tuesday the contract falls under a cooperative engagement agreement and work is ...
Executive Mosaic’s GovCon Index scored a gain in choppy trade Tuesday on help from defense prime stocks such as Lockheed Martin (NYSE: LMT), which posted second quarter earnings and sales above analyst expectations but issued some caution to analysts on future earnings and the F-35 program. The GovCon Index closed up 81.865 points to 0.27...
Lockheed Martin (NYSE: LMT) lifted full-year earnings and revenue guidance Tuesday and exceeded analysts’ second quarter estimates for both figures on sales from the Sikorsky helicopter business acquired in November as negotiations between the company and U.S. government continue on the next two F-35 fighter jet batches. Bethesd...
NASA has awarded separate contracts to five companies to perform concept studies for a future Mars orbiter mission as part of efforts to develop telecommunications and global high-resolution imaging tools to support the space agency’s exploration of the Red Planet. The agency said Monday its Jet Propulsion Laborat...
Executive Mosaic’s GovCon Index traded lower Monday and the U.S. stock bellwether S&P 500 composite index closed at a new all-time record as investors mulled new second quarter earnings reports as many GCI companies prepare to state their April-June results. The GovCon Index closed down 0.233 points to 81.586 with four ...
Boeing (NYSE: BA) has secured a potential $127.3 million contract modification to continue to perform risk reduction efforts for the U.S. Air Force™s Presidential Aircraft Recapitalization program. The Air Force said Friday it issued the contract modification in order to determine how to procure, build, test and modify Boeing™s 7...
