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Stock Market & Financial Investment News

News Breaks
January 27, 2014
06:02 EDTLMT, EMCLockheed, EMC invest $1M to set up joint Israeli center, Globes says
Lockheed Martin (LMT) and EMC (EMC) are reportedly investing $1M to establish a joint Israeli center, according to Globes, citing EMC Israel Center's general manager. Reference Link
News For LMT;EMC From The Last 14 Days
Check below for free stories on LMT;EMC the last two weeks.
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August 20, 2014
14:07 EDTLMTAstrotech Corporation to sell assets of Astrotech Space Operations business unit
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August 19, 2014
08:11 EDTEMCVMware promotes Betsy Sutter to SVP, Chief People Officer
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08:09 EDTEMCVMware updates executive responsibilities
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August 18, 2014
09:31 EDTLMTLockheed Martin receives contract from US Navy to test FROTIS exoskeletons
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August 15, 2014
18:06 EDTLMTLockheed Martin awarded $232.8M government contract modification
Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $232,794,734 cost-plus-incentive-fee modification to the previously awarded F-35 Lightning II Low Rate Initial Production Lot VI contract. This modification provides for non-recurring sustainment activities, to include procurement of 19 training devices and 69 items of complex support equipment. Work is expected to be completed in June 2017. Fiscal 2012 aircraft procurement funds and international partner funds in the amount of $232,794,734 will be obligated at time of award, $190,999,120 of which will expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity
August 14, 2014
11:45 EDTEMCNetApp rises after earnings beat, Needham upgrade
Shares of storage systems provider NetApp (NTAP) are advancing after the company posted better than expected first quarter results and received positive analyst commentary. WHAT'S NEW: Last night, NetApp reported Q1 adjusted earnings per share of 60c and revenue of $1.49B, beating analysts' consensus estimates of 57c and $1.47B, respectively. Q1 adjusted gross margin was 64.3%. WHAT'S NOTABLE: NetApp forecast second quarter adjusted EPS of 66c-71c and revenue of $1.49B-$1.59B, compared to consensus of 69c and $1.53B, respectively. For fiscal 2015, the company sees EPS growth just under 10% and revenue growth in the mid-single digits. FY15 adjusted gross margin is seen at 63%-64%. On NetApp's Q1 conference call, management said it was seeing a rebound in enterprise spending in the U.S. ANALYST REACTION: This morning, analyst commentary was overwhelmingly positive. Needham upgraded NetApp to Buy from Hold following its strong Q1 report, citing better enterprise spending. Their price target was $49. Two firms, Piper Jaffray and Brean Capital, raised their respective price targets on NetApp and Pacific Crest said NetApp is "'undervalued and underappreciated," noting that the company's Q1 results included 13% earnings growth year-over-year. PRICE ACTION: In late morning trading, NetApp rose $1.47, or 3.7%, to $40.77 on heavy trading volume. Despite today's advance, the stock is down approximately 4% over the past 12 months. OTHERS TO WATCH: Other companies in the storage space include: EMC (EMC), Dot Hill Systems (HILL) and Nimble Storage (NMBL).
11:36 EDTEMCEMC executive say 'Virtual Isilon' coming, IT Wire reports
EMC's Isilon storage product has proved popular in Australia with customers that need large amounts of storage and EMC CTO John Roese told a customer event in Melbourne this month that "Virtual Isilon" is coming this year, reported IT Wire. Reference Link
10:01 EDTLMTGD C4 Systems SATCOM Technologies receives contract from Lockheed
General Dynamics (GD) C4 Systems SATCOM Technologies received a contract from Lockheed Martin (LMT) to design and build the ground structures and integrate the mechanical systems for the U.S. Air Force Space Fence program. The new advanced ground-based radar system will enhance the way the U.S. detects and tracks more than 100K orbiting objects in space and increase the ability to prevent space-based collisions. The improved situational awareness will help protect space-based assets like the International Space Station from potential collisions that could severely damage, disable or destroy it. Construction of the Space Fence ground system will begin mid-2015 on the Kwajalein Atoll in the Republic of the Marshall Islands. The U.S. Air Force contract value awarded to Lockheed Martin is greater than $910M.
August 12, 2014
09:22 EDTLMTLockheed Martin names Brian Colan as Chief Accounting Officer
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August 11, 2014
06:50 EDTLMTJason Communications to sponsor a symposium
17th Annual Space and Missile Defense Symposium to be held in Huntsville, Alabama on August 11-14.
August 8, 2014
18:02 EDTLMTLockheed Martin awarded $193.6M government contract modification
Lockheed Martin Mission Systems and Training, Moorestown, New Jersey, has been awarded a $193,610,317 modification to previously awarded contract number HQ0276-10-C-0001 for procurement of necessary material, equipment, and supplies to conduct the technical engineering to define, develop, integrate and test Aegis Ballistic Missile Defense 4.1 and 5.0 Capability Upgrade baselines through their respective certifications. This modification brings the total cumulative face value of the contract to $2,002,542,722 from $1,808,932,405. Work will be performed at Moorestown, New Jersey, with an expected completion date of May 31, 2016. Fiscal 2014 research, development, test and evaluation funds in the amount of $19,500,000 are being obligated at time of award. The Missile Defense Agency, Dahlgren, Virginia, is the contracting activity.
08:32 EDTEMCVMware, others could benefit from increased cloud adoption, says Pacific Crest
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August 7, 2014
17:41 EDTLMTLockheed Martin awarded $124.6M government contract
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August 6, 2014
17:34 EDTLMTLockheed Martin awarded $116.72M government contract modification
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