|July 5, 2014|
|11:13 EDT||LMT, UTX||U.S. military grounds entire fleet of Lockheed's F-35 jets, Reuters says |
The U.S. military has grounded the entire fleet of Lockheed Martin (LMT) F-35 fighter jets after a fire on an Air Force F-35A jet at Eglin Air Force Base in Florida, says Reuters. The jets will be grounded until inspections of the plane's engine, which is built by United Technologies' (UTX) Pratt & Whitney unit, are complete, added Reuters. Reference Link
News For LMT;UTX From The Last 14 Days
|May 6, 2015|
|08:17 EDT||UTX||United Technologies underperformance typical after analyst day, says UBS|
UBS noted the recent underperformance of United Technologies following its analyst day and said the pattern has been seen over the past few year. UBS sees the potential for accelerating earnings growth, further M&A portfolio shaping, and reasonable valuation as reasons to reiterate its Buy rating and $136 price target on United Technologies shares.
|April 30, 2015|
|17:43 EDT||UTX||Pratt & Whitney awarded $156.96M government contract|
United Technologies, Pratt & Whitney Military Engines, is being awarded a $156.96M,110 fixed-price-incentive-firm target advance acquisition contract to procure long lead-time components, parts, materials and effort in support of 90 low-rate initial production Lot X F-135 propulsions systems for the F-35 Lightning II Joint Strike Fighter aircraft. These systems include 44 F-135-PW-100 for the Air Force; 9 F-135-PW-600 for the Marine Corps; and 2 F-135-PW-100 for the Navy. In addition, this contract provides for the procurement of 30 F-135-PW-100 and 5 F135-PW-600 systems for international partners and Foreign Military Sales customers. Work will be performed in East Hartford, Connecticut; Indianapolis, Indiana; and Bristol, United Kingdom; and is expected to be completed in September 2017. FY15 aircraft procurement funds, as well as international partner and Foreign Military Sales funds in the amount of $156.96M are being obligated at time of award, none of which will expire at the end of the current fiscal year.
|April 29, 2015|
|09:03 EDT||UTX||United Technologies and Huntington Ingalls partner for submarine components|
Subscribe for More Information
|April 28, 2015|
|17:36 EDT||LMT||Lockheed Martin awarded $142.68M government contract|
Lockheed Martin is being awarded a $142.68M modification to a previously awarded cost-plus-incentive-fee contract to continue development of the Joint Strike Fighter Autonomics Logistics Information System Standard Operating Unit Version 2 capability development effort. This modification includes the incorporation of sub-squadron reporting, dynamic routing, and decentralized maintenance capabilities. Work is expected to be completed in July 2017. Fiscal 2015 research, development, test and evaluation funds in the amount of $18.58M will be obligated at time of award, none of which will expire at the end of the current fiscal year.
|17:32 EDT||UTX||Pratt & Whitney awarded $325M government contract|
Pratt & Whitney, Military Engines, a United Technologies company, has been awarded a $325M indefinite-delivery/indefinite-quantity contract for Versatile Affordable Advanced Turbine Engines, or VAATE, III and beyond. The VAATE program is a joint government and industry effort to develop revolutionary and innovative technologies by the 2017 timeframe that will permit an order of magnitude increase in turbo-propulsion affordability over the year 2000 state-of-the-art technology. This effort focuses on Phase III of the VAATE program with future efforts for beyond Phase III. Work will be performed in East Hartford, Connecticut, and is expected to be complete by April 27, 2023. This award is the result of a competitive acquisition with 34 offers received. Fiscal 2014 and 2015 research, development, test and evaluation funds in the amount of $421,000 are being obligated for task order 0001 at the time of award.
|11:12 EDT||LMT||Northrop Grumman to supply navigation system for SBIRS GEO-6 satellite|
Northrop Grumman (NOC) has been selected by Lockheed Martin (LMT) to provide the space inertial reference system for the U.S. Air Force's sixth Space Based Infrared System Geosynchronous Earth Orbit satellite. Northrop Grumman will provide its Scalable Space Inertial Reference Unit for sensor pointing/stabilization and attitude control on the SBIRS GEO-6 space vehicle. Northrop Grumman has also provided its Scalable SIRU™ for previous SBIRS GEO satellites, including GEO-5 following the 2014 contract award.
|07:24 EDT||UTX||Ducommun announces long-term supply agreement with United Technologies |
Ducommun (DCO) announced that it has finalized a long-term supply agreement with United Technologies (UTX), expanding the company’s current involvement on several key programs and opening new opportunities to provide complex electronic and structural assemblies and systems across UTC’s aerospace business units.
|05:54 EDT||LMT||Lockheed Martin awarded contract by Arabsat and KACST |
Subscribe for More Information
|April 27, 2015|
|09:04 EDT||LMT||Lockheed Martin awarded contracts totaling $80M|
Lockheed Martin continues to advance C-130 aircrew and maintenance training under recent contract awards from the U.S. Air Force valued at more than $80M. Contracts include the delivery of the following training solutions: A C-130J Air Mobility Command, or AMC, weapon systems trainer and C-130J AMC loadmaster part task trainer at Yokota Air Base in Yokota, Japan; A KC-130J weapons systems trainer, spares, support equipment and technical data; C-130 aircrew training system operations and maintenance services; and C-130J Training System Support Center services.