Lockheed Martin was awarded a $185.92M cost-plus-incentive-fee contract modification to previously awarded contract to exercise an option for engineering design and development. Work is expected to be completed by September 2023. FY22 research, development, test and evaluation funds in the amount of $17.83M and FY22 shipbuilding and conversion funds in the amount of $535,657 will be obligated at the time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command is the contracting activity.

In a regulatory filing, Xometry disclosed that its CEO Randolph Altschuler sold 20K shares of common stock on July 1st in a total transaction size of $659.2K.

Vornado Realty Trust announced that it has completed the previously announced sale of the Center Building, an eight-story 498,000 square foot office building located at 33-00 Northern Boulevard in Long Island City, New York, for $172.8M. The financial statement gain, which will be recognized in the second quarter, is estimated to be $15M. The tax gain is estimated to be $74M.

Primoris Services "announced a heavy civil project valued at more than $170 million. The project, secured by the Company's Energy/Renewables Segment, was awarded by the Texas Department of Transportation. The project involves construction of a section of Highway 59 in Polk County, Texas. It is scheduled to commence in the third quarter of 2022 with completion expected in the fourth quarter of 2024."

The agency said in part: "The U.S. Department of Transportation reassigned, with conditions, 16 peak-hour runway timings, previously operated by Southwest Airlines (LUV), at Newark-Liberty International Airport to Spirit Airlines. Today's action secures low-cost service options for Newark customers and improves competition in the Newark market, which was affected when Southwest Airlines discontinued service there.Today's decision provides certainty to carriers that have been operating at Newark using temporary, ad hoc timings made available while other carriers reduced service during the COVID-19 pandemic. Given the Department's concern over the recent airline cancellations, delays, challenges with customer service and other operational disruptions that have hurt travelers, the Department is requiring Spirit (SAVE), as a condition of accepting the timings, to report additional data on disruptions facing their airline customers and its ability to provide them with accommodations...The 16 timings reassigned were originally operated by Southwest Airlines in 2010 when it acquired them as part of a Department of Justice competition remedy to the United-Continental (UAL) merger. The Department received applications from Spirit and JetBlue Airways (JBLU) for all 16 timings, and from Alaska Airlines (ALK) for four of the timings. After reviewing the applications against the decisional criteria announced by the Department, the Department found that Spirit will best be able to provide competition with all 16 timings, consistent with the Department of Justice's original competition remedy, and is most likely to provide the lowest fares to the most consumers." Reference Link

In a regulatory filing, Beyond Air director Robert Carey disclosed the acquisition of 175,000 common shares of the company on June 30 at a price of $6.4474 per share.