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Stock Market & Financial Investment News

News For LMT;LLL From The Last 14 Days
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May 21, 2015
17:31 EDTLMTLockheed Martin awarded $735.51M government contract
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May 20, 2015
08:27 EDTLMTIBM unit sale to Lenovo raises saftey concerns for Navy, WSJ reports
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06:06 EDTLMTUnited Technologies in talks to sell Sikorsky unit, WSJ reports
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May 18, 2015
10:09 EDTLMTLockheed Martin to provide online flight planning services under FAA contract
The FAA) has selected Lockheed Martin to provide online flight service tools to the general aviation community, helping them to plan and navigate the national airspace Under the Direct User Access Terminal Service II contract, Lockheed Martin expands their current work to provide weather information, flight plan processing and in-flight support to pilots.
May 15, 2015
18:12 EDTLMTLockheed Martin, Boeing JV to cut executive ranks by 30%, Reuters reports
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08:00 EDTLMTReport claims Lockheed beats Raytheon for missile shield pact, Reuters says
German newspaper Sueddeutsche Zeitung reported that Germany's defense ministry has decided to award a Lockheed Martin (LMT) led consortium one of the most expensive defense projects of the next decade by supposedly selecting its MEADS missile defense system over Raytheon's (RTN) next-generation Patriot system, though a U.S.-based source called the German report "absolutely incorrect," according to Reuters. Reference Link
May 13, 2015
10:05 EDTLMTLockheed Martin receives $174M FMS contract for ATACMS production
Lockheed Martin received a $174M Foreign Military Sales contract for Army Tactical Missile System production for the U.S. Army and the United Arab Emirates. ATACMS is the U.S. Army's only tactical long-range precision-strike surface-to-surface weapon system. All production on this contract will be conducted at Lockheed Martin's award-winning facility in Camden, Arkansas.
May 12, 2015
12:11 EDTLLLL-3 Communications awarded $81.8M contract from Raytheon Australia
L-3 Communications (LLL) announced that it has been awarded an $81.8M contract from Raytheon (RTN) Australia to supply the Australian Defence Force with 236 Very Small Aperture Terminals, additional support equipment, and training as part of Joint Project 2008 Phase 5B1. This program will further enable the ADF to utilize the Wideband Global SATCOM system, significantly increasing their satellite communications capabilities. Two L-3 business units, Global Communications Solutions and Linkabit, will perform on this contract, with hardware deliveries expected to be completed this year. The contract will deliver L-3 GCS's Hawkeye and Panther family of VSAT terminals, integrated with L-3 Linkabitís MPM family of modems, and includes the option to purchase additional terminals and equipment. These terminals will enable ADF troops on the ground to benefit from increased data rates and a higher level of network performance. This award comes as a follow-on to the $35M Joint Project 2008 Phase 3H contract awarded to L-3 in 2013 for 54 Hawkeye III Lite VSATs and support equipment.

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