Posts from GovConWire for 09/25/2015

Reports: US Regulators OK Lockheed-UTC Deal on Sikorsky Acquisition

U.S. regulators have approved Lockheed Martin‘s (NYSE: LMT) $9 billion acquisition of United Technologies Corp.‘s (NYSE: UTX) Sikorsky Aircraft subsidiary, Reuters reported Thursday. Andrea Shalal writes that filings with the U…

Booz Allen to Support DoD’s Threat Mitigation Program for $937M

Booz Allen Hamilton (NYSE: BAH) has been awarded a potential $937 million contract to help the Defense Department identify and manage global threats to the U.S. The General Services Administration said Thursday that Booz Allen will provide professional services for DoD’s Global Threat Mitigation Program, which a coalition of joint U…

WSJ: Boeing Chair Jim McNerney Eyes Reauthorization of U.S. Export-Import Bank

Boeing Chairman Jim McNerney believes that Congress will renew the mandate of the U.S. Export-Import Bank in order to support U.S. competitiveness within the global market, the Wall Street Journal reported Thursday…

Lockheed’s Additional $3B Stock Buyback Plan Gets Board OK

Lockheed Martin (NYSE: LMT) will buy back as much as $3 billion of company stock following approval from its board of directors. The company said Thursday any transaction that will be made under its extended share repurchase program is subject to authorization from management and market regulations…

Harris RF Communications Wins $390M USSOCOM Handheld Radio IDIQ

Harris (NYSE: HRS) RF Communications has won a $390 million contract to produce new handheld radios for the U.S. Special Operations Command. The company will build the radio units in Rochester, New York, through August 2020, the Defense Department said Thursday…

September 24 Market Close: GovCon Index, US Stocks Enter 3rd Day of Declines

The GovCon Index recorded a decline for the third consecutive session Thursday with a loss of 0.124 points to 70.778. The Index traded 1.4 percent down at one point in the 11 a.m. Eastern time hour and reflected a day of choppy trade for U…