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Local Navy Contract Awards; April 12-April 30, 2021
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June 01, 2021
WASHINGTON (June 1, 2021) The U.S. Department of Defense announced the following contract awards that pertain to local Navy activities.
Contracts For April 12, 2021
Lockheed Martin Corp., Owego, New York, is awarded a
$447,230,778 firm-fixed-price order (N0001921F0841) against a previously issued basic ordering agreement (N0001921G0017). This order provides for the production and delivery of 12 MH-60R aircraft for the government of the Republic of Korea. Work will be performed in Owego, New York (52%); Stratford, Connecticut (40%); and Troy, Alabama (8%), and is expected to be completed in December 2024. Foreign Military Sales funds in the amount of $447,230,778 will be obligated at time of award, none of which will expire at the end of the current fiscal year. The
Markets
In a report released today, Mehdi Hosseini from Susquehanna reiterated a Hold rating on Teradyne (TER – Research Report), with a price target of $133.00. The company’s shares closed last Wednesday at $133.83, close to its 52-week high of $147.90.
According to TipRanks.com, Hosseini is a 5-star analyst with an average return of 14.0% and a 56.8% success rate. Hosseini covers the Technology sector, focusing on stocks such as Hewlett Packard Enterprise, Keysight Technologies, and National Instruments.
Currently, the analyst consensus on Teradyne is a Moderate Buy with an average price target of $131.00, which is a -5.6% downside from current levels. In a report released today, Northland Securities also assigned a Hold rating to the stock with a $95.00 price target.
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February marked noteworthy progress for the James Webb Space Telescope of NASA as it completed its last functional performance tests at the Redondo Beach, California-based Northrop Grumman.
According to a Space Coast Daily report, testing teams were successful in completing two important milestones that verified the internal electronics of the observatory are all functioning, as they are designed for, as seen on Cosmoknowledge s YouTube video below, and that the spacecraft, including its four scientific instruments, can both deliver and receive data appropriately through the same network they will utilize in space.
Such milestones move the NASA telescope closer to prepared for launch later this year, specifically in October. The said trials are known as the all-inclusive systems test, which occurred in the Northrop Grumman, and the ground segment trial, which occurred in collaboration with the Space Telescope Science Institute in Baltimore.