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Stock Market & Financial Investment News

News Breaks
January 2, 2013
14:56 EDTLMT, BAESYLockheed Martin, BAE Systems to bid for British air contract, Telegraph says
A number of companies, including Lockheed Martin (LMT) and BAE Systems (BAESY), will bid over the next few days for a GBP1.5B contract to replace Britain’s military air traffic infrastructure, The Telegraph reported. The winning bid is expected to be announced in 2015, the publication added. Reference Link
News For LMT;BAESY From The Last 14 Days
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April 15, 2014
13:56 EDTLMTPentagon to cut 17 F-35 Lockheed fighters it planned to buy, Bloomberg says
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10:02 EDTLMTLockheed awarded $10M contract from U.S. Naval Sea Systems Command
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07:51 EDTBAESYGeneral Dynamics chooses to skip GAO protest over Army car plan, Reuters says
General Dynamics (GD) said it would not ask the congressional Government Accountability Office to rule on a U.S. Army vehicle competition that it says is skewed to favor its rival, Britain's BAE Systems (BAESY), according to Reuters, citing a statement from a General Dynamics spokesman. The spokesman said, "We will continue to discuss the AMPV program with the U.S. Department of Defense and the Congress. We do not believe a GAO protest is the right forum for this issue and we will not file one." Reference Link
April 14, 2014
07:06 EDTLMTU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 9, 2014
16:08 EDTLMTNorthrop Grumman ships payload module two months early
Northrop Grumman (NOC) shipped the fourth Advanced Extremely High Frequency satellite payload module nearly two months early, at Lockheed Martin (LMT) Space Systems, Sunnyvale, Calif., AEHF system prime contractor.Complete payload delivery is expected to finish a full six months early.
07:21 EDTLMTPentagon expects Lockheed, Pratt deal on F-35 lot by May's end, Reuters says
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April 8, 2014
09:05 EDTBAESYBAE Systems inks contract with Southwest for MRO services
Southwest Airlines (LUV) has selected BAE Systems (BAESY) as its exclusive provider of maintenance, repair, and overhaul services for the full authority digital engine controls on more than 450 737 Next Generation aircraft. Under the five-year agreement, BAE Systems will provide proactive repairs that will improve the availability and reliability of Southwest’s fleet.
April 4, 2014
06:40 EDTLMTSpaceX to compete with Boeing-Lockheed JV for satellite launch, WSJ says
Elon Musk's SpaceX is expected to compete with a joint venture between Boeing (BA) and Lockheed Martin (LMT) for a contest to launch a military satellite next year, reports the Wall Street Journal. The Defense Department has also put a study into developing a new rocket engine that could reduce reliance on the Russian engine used on a rocket employed by Boeing-Lockheed JV. Reference Link

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