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Stock Market & Financial Investment News

News Breaks
December 5, 2012
09:06 EDTLMT, BAESYBAE Systems secures production contract for THAAD interceptor seekers
BAE Systems (BAESY) has received initial contract funding in the amount of $81M from Lockheed Martin (LMT) to begin production of 143 infrared seekers for the Terminal High Altitude Area Defense weapon system program, designed to defend U.S. and allied soldiers, military assets, and metropolitan areas from ballistic missile attack threats. Lockheed Martin, the THAAD prime contractor and systems integrator, also awarded BAE Systems $5.3M in initial contract funding for tooling and test equipment to increase the monthly production rate of the seeker.
News For BAESY;LMT 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 19, 2015
12:10 EDTBAESYBAE Systems submits bid for U.S. Marine Corps ACV program
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09:57 EDTBAESYBAE Systems wins 40 Mk4 naval gun contract for Brazil
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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.

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