Lockheed Martin Initiates Exchange Offer for IT and Technical Services Businesses
PR Newswire - Mon Jul 11, 3:05PM CDT
Lockheed Martin (NYSE: LMT) announced today the commencement of an exchange offer for the separation of its Information Systems & Global Solutions (IS&GS) business segment. This represents the next step in the proposed tax-efficient Reverse Morris Trust transaction with Leidos Holdings, Inc. (NYSE: LDOS) announced on January 26. In the proposed transaction, Abacus Innovations Corporation (Abacus), a wholly-owned subsidiary of Lockheed Martin created to facilitate the transaction, will merge with a subsidiary of Leidos and become a wholly-owned subsidiary of Leidos.
LMT: 255.90 (+1.20), LDOS: 49.55 (+1.05)
Office of Naval Research Awards Leidos Prime Contract
PR Newswire - Mon Jul 11, 5:50AM CDT
Leidos (NYSE: LDOS), a national security, health, and infrastructure solutions company, was awarded a prime contract by the Office of Naval Research (ONR) to provide technical solutions for the Electromagnetic Maneuver Warfare Command and Control (EMC2) program. The multiple-award indefinite-delivery/indefinite-quantity contract has a five-year base period of performance, a two-year option period, and a total contract value of $900 million for all awardees, if the option is exercised. Leidos is one of 12 contractors eligible to compete for task orders under the contract. Work will be performed primarily in Arlington, Va., Bowie, Md., and San Diego, Calif.
LDOS: 49.55 (+1.05)
Leidos Works with Ford Motor Co. on Energy Efficiency Goals
PR Newswire - Wed Jul 06, 5:50AM CDT
Leidos (NYSE: LDOS), an infrastructure, national security and health solutions company, is supporting Ford Motor Co.'s energy efficiency efforts through a new $5.7 million energy savings performance contract. The project will optimize the HVAC system at Ford's Livonia Transmission Plant in Livonia, Michigan.
F: 13.48 (+0.03), LDOS: 49.55 (+1.05)
General Dynamics Unit Secures Follow-Up Contract from Navy
Zacks Equity Research - Zacks Investment Research - Mon Jul 04, 8:24AM CDT
A General Dynamics (GD) unit, Electric Boat Corp, has secured a follow-up contract from the U.S. Navy worth $116.2 million for the production of Virginia Payload Module and South Dakota Insertion sample materials to be used in Virginia Class Submarines.
HII: 173.15 (+0.01), GD: 141.73 (+0.19), EGL: 26.04 (+0.49), LDOS: 49.55 (+1.05)
Lockheed Martin Secures $1.75B Defense Logistics Contract
Zacks Equity Research - Zacks Investment Research - Fri Jul 01, 3:32PM CDT
Lockheed Martin Corp. (LMT) has won a fixed-price with redetermination contract from the Defense Logistics Agency to provide consumable and depot level repairables for a range of weapon systems.
HII: 173.15 (+0.01), EGL: 26.04 (+0.49), LMT: 255.90 (+1.20), LDOS: 49.55 (+1.05)
Huntington Ingalls Continues Partnership with Westinghouse
Zacks Equity Research - Zacks Investment Research - Wed Jun 29, 8:23AM CDT
Huntington Ingalls Industries, Inc.'s (HII) subsidiary, Newport News Industrial ("NNI"
HII: 173.15 (+0.01), EGL: 26.04 (+0.49), CAE: 12.86 (+0.05), LDOS: 49.55 (+1.05)
Lockheed Martin (LMT) Wins $357M AEGIS Support Contract
Zacks Equity Research - Zacks Investment Research - Mon Jun 27, 11:19AM CDT
Lockheed Martin Corp. (LMT) has secured a U.S. Navy contract for support services of the Advanced Electronic Guidance and Instrumentation System (AEGIS) program.
EGL: 26.04 (+0.49), LMT: 255.90 (+1.20), CAE: 12.86 (+0.05), LDOS: 49.55 (+1.05)
Leidos Sponsors 36th National Veterans Wheelchair Games
PR Newswire - Mon Jun 27, 5:50AM CDT
Leidos (NYSE: LDOS), a national security, health, and infrastructure solutions company, announced it is a Gold Sponsor of the 36th National Veterans Wheelchair Games, held in Salt Lake City from June 26-July 2. The Games are presented by the Paralyzed Veterans of America and the Department of Veterans Affairs. As the largest annual wheelchair multi-sports competition in the world, the Games offer 19 different sports to veterans who use wheelchairs due to spinal cord injuries, amputations and neurological diseases. The Games promote rehabilitation through rigorous competition in events including weightlifting, basketball, rugby, softball, handcycling and others. While past Games have produced national and world-class champions, the Games also provide opportunities for newly injured veterans to gain sports skills and meet other wheelchair athletes, while also promoting a spirit of healthy activity, competition and camaraderie.
LDOS: 49.55 (+1.05)
Leidos Featured on Inaugural LinkedIn Top Attractors List
PR Newswire - Thu Jun 23, 10:05AM CDT
Leidos (NYSE: LDOS), a national security, health, and infrastructure solutions company, today announced it was recognized by LinkedIn as one of the most sought-after companies where professionals want to work. The LinkedIn Top Attractors list ranks the best companies for attracting and keeping top talent.
LDOS: 49.55 (+1.05)
Boeing (BA) Signs Deal to Support Turkish Airport Authorities
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 7:52AM CDT
The Boeing Co. (BA) has entered into an agreement to provide technical assistance to iGA Havalimani Isletmesi A.S. (IGA), developer and operator of Istanbul New Airport.
EGL: 26.04 (+0.49), BA: 130.11 (-0.70), LDOS: 49.55 (+1.05), HEI: 65.68 (-0.67)
Lockheed Martin (LMT) Wins $733M Army Contract for AISR
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 9:12AM CDT
Lockheed Martin Corp. (LMT) has won a contract from the U.S. Army for work on Sensor Systems - Aerial Intelligence, Surveillance and Reconnaissance.
EGL: 26.04 (+0.49), LMT: 255.90 (+1.20), CAE: 12.86 (+0.05), LDOS: 49.55 (+1.05)
Boeing (BA) Set to Win $4 Billion Order for 747 Freighters
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 10:25AM CDT
The Boeing Co. (BA) seems to be nearing a $4 billion deal with Russia's air-freight company AirBridgeCargo Airlines. The deal, if it materializes, would give a much needed breathing space for the company's four-engine jumbo category, Boeing 747.
EGL: 26.04 (+0.49), BA: 130.11 (-0.70), LDOS: 49.55 (+1.05)
Leidos Secures $75M Federal Highway Administration Deal
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 8:39AM CDT
Leidos Holdings, Inc. (LDOS) has been awarded a five-year $75 million contract by the Federal Highway Administration (FHWA).
ESL: 63.95 (-0.71), EGL: 26.04 (+0.49), CW: 85.55 (-0.26), LDOS: 49.55 (+1.05)
Fed's Outlook on Economy to Boost Trump Presidency? 4 Picks
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 8:08AM CDT
A slowing economy works in favor of the Republican Presidential candidate Donald Trump compared to his rival Hillary Clinton.
BID: 27.45 (-0.42), MLM: 196.87 (-1.06), LMT: 255.90 (+1.20), HD: 133.56 (-1.28), JEC: 52.79 (-0.30), NOC: 221.78 (+1.31), RTN: 138.88 (+0.55), LPI: 11.15 (-0.45), FLR: 52.88 (-0.31), CRI: 108.73 (-1.27), AAPL: 96.87 (-0.55), RGR: 67.35 (-0.13), LDOS: 49.55 (+1.05), SWHC: 28.42 (-0.16), APC: 56.10 (-1.32)
Federal Highway Administration Awards Leidos Prime Contract
PR Newswire - Mon Jun 20, 5:50AM CDT
Leidos (NYSE: LDOS), a national security, health, and infrastructure solutions company, was awarded a prime contract by the Federal Highway Administration (FHWA) to provide technical support services to the FHWA Office of Operations Research & Development and the Saxton Transportation Operations Laboratory. The single-award indefinite-delivery/indefinite-quantity firm fixed-price time and materials contract has a five-year period of performance and a total contract value of $75 million. Work will be performed primarily in McLean, Va.
LDOS: 49.55 (+1.05)
Lockheed Martin (LMT) Wins $332M GMLRS Rocket Contract
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 5:56AM CDT
Lockheed Martin Corp. (LMT) has received a $331.8 million contract from the U.S. Army for the Lot 11 Guided Multiple Launch Rocket System rockets for domestic as well as international customers.
EGL: 26.04 (+0.49), LMT: 255.90 (+1.20), CAE: 12.86 (+0.05), LDOS: 49.55 (+1.05)
L-3's Business Moves Impress, Afghanistan Drawdown to Hurt
Zacks Equity Research - Zacks Investment Research - Thu Jun 16, 5:52AM CDT
L-3 Communications Holdings, Inc.'s (LLL) endeavor in transforming its business portfolio to defense electronics, communications and ISR markets was partly offset by its over dependence on government orders and budget volatility in the U.S.
EGL: 26.04 (+0.49), CACI: 93.33 (+1.28), LLL: 149.28 (-0.11), LDOS: 49.55 (+1.05)
Lockheed Martin Slated to Win $3B F-35 Deal from Denmark
Zacks Equity Research - Zacks Investment Research - Fri Jun 10, 8:18AM CDT
Lockheed Martin Corp. (LMT) is all set to win another major contract for its F-35 fighter jet. The Danish government reached an agreement yesterday with coalition parties to go ahead with the purchase of 27 F-35A stealth fighter jets from Lockheed Martin.
EGL: 26.04 (+0.49), LMT: 255.90 (+1.20), LDOS: 49.55 (+1.05)
Northrop Secures $600M in Missile Contract Modification
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 8:53AM CDT
Northrop Grumman Corp.'s (NOC) Space & Mission Systems business unit has secured a modification contract from the missile defense agency to extend the period of performance of task orders.
EGL: 26.04 (+0.49), NOC: 221.78 (+1.31), LDOS: 49.55 (+1.05)
Boeing (BA) Wins $668M Army Deal for Apache Helicopters
Zacks Equity Research - Zacks Investment Research - Wed Jun 08, 6:17AM CDT
The Boeing Co. (BA) has won an undefinitized fixed-price-incentive contract for foreign military sales to Qatar, worth $667.5 million, from the U.S. Army.
EGL: 26.04 (+0.49), BA: 130.11 (-0.70), LDOS: 49.55 (+1.05), HEI: 65.68 (-0.67)