Lockheed Martin [LMT] on Tuesday reported lower sales in its third quarter and reduced its outlook for revenue for 2021 with further declines expected in 2022 before rebounding to growth beginning in 2023. Combined with the depressed sales outlook at least through 2022 and a cut to the forecast for operating cash flow this year, investors sent Lockheed Martin’s shared down $44.43, nearly 12 percent, to close at $331.90 on Tuesday. James Taiclet, chairman, president and CEO of Lockheed Martin,…
Chandler Construction Services Inc., Ninety Six, South Carolina, was awarded a $16,471,000 firm-fixed-price contract for the furnishing, installing, and placing into successful operation of water main pipe. The amount of this action is $16,471,000. Bids were solicited via the internet…
M1 Support Services LP, Denton, Texas, was awarded a $68,822,271 modification (P00206) to contract W9124G-17-C-0104 for Army and Air Force aviation maintenance. The modification brings the total cumulative face value of the contract to $5,522,349,151. Work will be performed at…
Lake Union Drydock Co.* (LUDC), Seattle, Washington, is awarded a $12,683,144 firm-fixed-price contract for the maintenance, repair and preservation of YTT-10 (YTT-9 Cape Flattery-class torpedo trials craft) service life extension program. This contract includes options which, if exercised, would bring…
Innovative Professional Solutions Inc.,* Panama City Beach, Florida, is awarded a $13,631,598 firm-fixed price/cost-only contract for fabrication and installation of minesweeping winches. This contract includes supplies for the government of the Republic of Korea (100%) under the Foreign Military Sales…
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