Lockheed Martin lands potential $5.6 billion military deal

Andrew Cannarsa
Bethesda-based Lockheed Martin won a contract to support all of the U.S. military’s land-based vehicles over 10 years.

The contract has a potential value of up to $5.6 billion over the next decade.

Lockheed will begin work on the Fleet Automotive Support Initiative-Global program, part of the Defense Department’s initiative to improve logistics and sustainment support to forces around the world.

“For the warfighter, it comes down to having the right parts at the right place at the right time, every time,” Dave Broadbent, vice president of operations and global sustainment for Lockheed Martin’s Maritime Systems & Sensors business, said in a statement.

Lockheed Martin employs about 140,000 people worldwide and reported 2007 sales of $41.9 billion.

Constellation Energy named to sustainability index

For a fourth consecutive year, Constellation Energy has been named to the Dow Jones Sustainability Index, which tracks the financial, environmental and social performance of leading sustainability-driven companies worldwide.

“Being named to the Sustainability Index once again serves as a strong indication of our continued commitment to delivering solid financial performance while meeting key environmental and social responsibility goals,” Mayo Shattuck, chairman, president and chief executive officer of Constellation Energy, said in a statement.

Constellation is one of 10 U.S. companies named to the DJSI North America in the utilities sector. The index focuses on economic transparency and measures the stock market performance of the top 20 percent of leading sustainability companies in North America.

Examiner Top 10

The Examiner Top 10 portfolio began Jan. 2, the first trading day of the year, with the hypothetical purchase of one share in each company.

Friday’s closings
                                                  Purchase              Close                                                      Percent
Name                                       price                           Sept. 12                 Change                Change       
Ciena Corp.                            $33.78                         $12.00                    -$21.78                    -64.5
Constellation Energy            $102.13                       $58.37                    -$43.76                    -42.9*
Legg Mason                           $73.25                          $40.40                    -$32.85                    -44.9
Lockheed Martin                   $105.77                        $117.27                  +$11.50                    10.9
McCormick & Co.                  $37.75                          $41.57                     +$3.82                      10.1
Northrop Grumman               $78.74                          $70.58                     -$8.16                     -10.4
Provident Bankshares          $21.43                          $9.46                       -$11.97                   -55.9
Southwest Airlines                 $12.18                         $16.19                     +$4.01                      32.9
T. Rowe Price Group             $59.80                         $57.44                     -$2.36                      -4
Under Armour                         $43.69                         $34.74                     -$8.95                      -20.5

*TRADING NOTES: On Friday, Sept. 12, shares of Constellation Energy reached a 52-week low, trading at $56.57 per share.
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