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Fly News Breaks for August 14, 2017
CACI, LLL, LMT
Aug 14, 2017 | 05:21 EDT
Citi analyst Jason Gursky says the U.S. Special Ops Command Friday after the close awarded the Special Operations Forces Global Logistics Support Services contract to incumbent Lockheed Martin (LMT) over L3 Technologies (LLL), CACI (CACI) and potentially others. The $8B contract over multiple years is a positive development for Lockheed's MFC segment and an "incremental negative" for L3, the analyst tells investors in a research note. He believes CACI's bid "was always a long shot given the level of competition." Gursky has Buy ratings on all three names.
News For LMT;LLL;CACI From the Last 2 Days
LMT
Mar 28, 2024 | 08:01 EDT
Notable profits for the buyer who lifted the $8.78 offer for 2,600 Lockheed (LMT) Jul-24 475 calls yesterday at 15:35ET when underlying shares were trading at $454.75. Shares closed at $456.78, and the calls at $9.47 for a mark-to-market profit of 8%, or $180K, on the $2282K outlay.
LMT
Mar 27, 2024 | 17:34 EDT
Lockheed Martin was awarded a $439.89M firm-fixed-price modification to a previously awarded cost-plus-fixed-fee, cost-plus-incentive-fee, firm-fixed-price, and fixed-price-incentive-fee, indefinite-delivery/indefinite-quantity contract. This modification exercises options to provide support equipment, pilot flight equipment, and post ejection survival training material, as well as associated administrative, contract management, planning and readiness reviews and non-recurring introduction to service support in support of site activation and initial sustainment activities for the F-35A, F-35B and F-35C aircraft for the Air Force, Marine Corps, Navy, non-Department of Defense participants, and Foreign Military Sales customers. Work is expected to be completed in December 2029. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. Naval Air Systems Command is the contracting activity.
LMT
Mar 26, 2024 | 08:33 EDT
KULR Technology (KULR) announces receiving a six-figure contract from Lockheed Martin (LMT) for developing phase change material heat sinks that are pivotal for the thermal regulation of essential electronics within long-range precision missiles. This achievement follows a series of successful evaluations that showcased the efficiency of KULR's solutions in cooling critical onboard systems. With over two decades of pioneering work in heat dissipation technologies, KULR has become a trusted provider for demanding sectors, including defense, aerospace, and beyond. This latest contract with Lockheed Martin underscores KULR's role as a source of innovative cooling solutions.