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News Breaks November 9, 2012 12:21 EDT LMT, GE Defense Department notifies Congress of potential $6.7B foreign sale Department of Defense's Defense Security Cooperation Agency unit said it notified Congress on Nov. 8 of a possible Foreign Military Sale to the Kingdom of Saudi Arabia for 20 C-130J-30 Aircraft and 5 KC-130J Air Refueling Aircraft, as well as associated equipment, parts, training and logistical support for an estimated cost of $6.7B. The prime contractors will be Lockheed-Martin (LMT), General Electric Aviation Systems (GE), and Rolls Royce, the agency said. News For LMT;GE From The Last 14 Days Check below for free stories on LMT;GE the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 23, 2013 06:07 EDT GE Bank of Ayudhya denies report of Mitsubishi UFJ offer for GE stake, Reuters says Subscribe for More Information May 22, 2013 14:48 EDT GE General Electric considering IPO for some parts finance unit, Bloomberg says General Electric CEO Jeffrey Immelt said the company is considering an IPO for some parts of its finance unit, reports Bloomberg, citing comments from Immelt. Reference Link 11:31 EDT GE General Electric reaffirms 2013 operating framework Subscribe for More Information 07:24 EDT GE Electrical Products Group to host a conference Subscribe for More Information May 21, 2013 10:33 EDT GE Boeing confirms completion of 747-8 test flight Subscribe for More Information 08:44 EDT GE Regulators to soon vote on non-banks, WSJ reports Subscribe for More Information May 20, 2013 17:14 EDT LMT Lockheed Martin awarded $29.73M government contract modification Lockheed Martin was awarded a sole-source, cost-plus-incentive-fee/cost-plus-award-fee contract modification. The value of this contract modification is $29.73M, increasing the total contract value from $1.41B to $1.44B. Under this modification, the contractor shall provide system engineering and program management services in accordance with established Aegis system engineering practices for the post certification support of Aegis Ballistic Missile Defense baselines 4.0.X, 5.0 and 5.0 capability upgrade. Work is expected to be completed Dec. 31, 2014. 17:10 EDT LMT Lockheed Martin awarded $111.51M U.S. Navy contract Subscribe for More Information 07:05 EDT GE General Electric volatility flat into plans to return $18B to holders Subscribe for More Information 06:31 EDT GE GE Capital board plans to pay $6.5B of dividends to parent GE in 2013 GE announced that the board of GE Capital Corporation, or GECC, had approved plans for GECC to pay $6.5Bin dividends in 2013 to GE. Earnings-dividend payments, which are subject to GECC Board and GE Board Risk Committee approvals, are planned at 30% of GECC's total 2013 earnings. GECC paid the first-quarter earnings-dividend of $447M to GE on April 19, 2013. In addition, GECC plans $4.5B in special dividends to GE in 2013, subject to the same approvals. Under its balanced capital allocation plan of investing for its long-term growth, maintaining an attractive dividend pay-out and repurchasing stock, GE plans to return $18B cash to its shareholders in 2013, including repurchase of $10B of stock. May 15, 2013 17:30 EDT GE GE, Boeing warn of defective engine parts, WSJ reports General Electric (GE) said more than 70 Boeing (BA) 777 models may be affected by an engine manufacturing defect, reports The Wall Street Journal. Reference Link 17:03 EDT GE Soros gives quarterly update on stakes NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). 07:33 EDT GE National Association of Business Economics to hos a conference Subscribe for More Information 07:12 EDT LMT Lockheed CEO sees sequester raising F35 costs, FT reports Subscribe for More Information May 14, 2013 07:23 EDT GE Oppenheimer to host a summit Subscribe for More Information 07:11 EDT GE China XD in talks to purchase GE’s Prolec joint venture, Bloomberg reports Subscribe for More Information 06:09 EDT GE On the Fly: Periodicals Wrap-Up WALL STREET JOURNAL: North American oil production will dominate world-wide supply growth over the next five years, the International Energy Agency predicted today, the result of growing production from "fracking" and other technologies that access once-inaccessible reserves, the Wall Street Journal reports...REUTERS: Investors are becoming increasingly selective about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning, Reuters reports...State-run Air India Ltd will resume flying its Boeing (BA) 787 Dreamliner passenger jets tomorrow, nearly four months after the planes were grounded due to safety concerns. Air India has six Dreamliners and has ordered 21 more, Reuters reports...BLOOMBERG: China XD Group, a state-controlled power equipment maker, is in talks to buy GE’s (GE) joint venture with Mexico’s Xignux SA for about $1B, sources say, Bloomberg reports...Philadelphia Fed President Charles Plosser said today in Stockholm that a slowing in U.S. inflation to the lowest rate in more than three years doesn’t warrant a Fed policy response, Bloomberg reports. May 13, 2013 11:29 EDT LMT Pentagon contracts tumbled in April, Washington Post says Subscribe for More Information 07:30 EDT LMT TechConnect to host a summit 2013 National Innovation Summit is being held in Washington, D.C. on May 12-16. May 9, 2013 08:39 EDT LMT ITT Exelis awarded $9.4M contract from Lockheed Martin ITT Exelis (XLS) announced it received a $9.4M contract from Lockheed Martin Aeronautics (LMT) to supply the Continuous Wave Illuminator subsystem for the F-16 Fighting Falcon. Deliveries will be completed by December 2014. Sign up for a free trial to see the rest of the stories you've been missing.