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Stock Market & Financial Investment News

News Breaks
November 7, 2012
14:21 EDTLMT, RTNQatar, UAE request sale of U.S. missile defense systems, Aljazeera says
Qatar requested the possible sale of two THAAD fire units, 12 launchers, 150 interceptors and support and training for an estimated cost of $6.5B, while the United Arab Emirates, which has already ordered THAAD weapons systems, requested an add on order for equipment valued at $1.135B, reported Aljazeera, citing notifications posted to the Pentagon's website late on Monday. The Terminal High-Altitude Area Defence, or THAAD, weapon systems are produced by Lockheed Martin (LMT), though Raytheon (RTN) is another key contractor on the program, the report noted. Reference Link
News For LMT;RTN From The Last 14 Days
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September 17, 2014
09:31 EDTRTNHouse Committee on Ways & Means to hold a hearing
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07:57 EDTLMTSenate Finance Committee to hold a hearing
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September 16, 2014
17:22 EDTLMTUnited Launch Services awarded $938.37M government contract modification
United Launch Services, a 50-50 joint venture owned by Lockheed Martin (LMT) and Boeing (BA), has been awarded a $938.37M modification to previously awarded FA8811-13-C-0003 cost-plus-incentive-fee contract for FY15 EELV launch capability for the Delta IV and Atlas V families of launch vehicles. This contract provides for mission assurance, program management, systems engineering, integration of the space vehicle with the launch vehicle, launch site and range operations, and launch infrastructure maintenance and sustainment. Work will be performed at Littleton, Colorado; Vandenberg Air Force Base, California; and Cape Canaveral Air Station, Florida, with an expected completion date of Sept. 30, 2015.
11:57 EDTLMTPentagon to most likely approve Musk's Falcon rockets, WSJ says
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09:04 EDTLMTLockheed Martin's meteorological satellite accepted for operations by USSTRATCOM
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07:15 EDTLMTPratt expects upcoming F-35 agreements to reduce espenses, Reuters says
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06:34 EDTLMTBoeing, Lockheed ally with Amazon CEO on rocket engine, Reuters says
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06:29 EDTLMTPratt & Whitney close to engine supply deal with Pentagon, WSJ reports
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September 15, 2014
10:34 EDTLMTLockheed exec says company created Israel division, WSJ says
Lockheed Martin's vice president of research and technology, Haden Land. said that the company created a technology-focused Israeli division in an effort to be granted new defense projects in the country, according to The Wall Street Journal, citing comments from Land. Reference Link
10:29 EDTLMTLockheed, Advanced Electronics establish Saudi Arabia facility
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07:22 EDTRTN, LMTAir Force Association to hold a conference
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05:24 EDTRTNRaytheon begins full rate production on TALON rockets for UAE
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September 12, 2014
17:44 EDTLMTBAE Systems, others collectively awarded $5.04B government contract
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September 11, 2014
17:26 EDTLMTLockheed Martin awarded $147.49M government contract
Lockheed Martin is being awarded a not-to-exceed $147.49M firm-fixed-price, cost-plus-fixed fee, and cost-type-letter contract for low rate initial production and fielding of Surface Electronic Warfare Improvement Program, or SEWIP, Block 2 systems. SEWIP is an evolutionary acquisition and incremental development program which upgrades existing out-of-production AN/SLQ-32V electronic warfare systems by providing improved electronic support receivers and combat system interface. This contract includes options, which, if exercised, would bring the cumulative value to $158.79M. Work is expected to be completed by September 2017.
September 10, 2014
08:02 EDTRTNRaytheon upgrades to Tomahawk pass flight tests
Raytheon and the U.S. Navy completed successful back-to-back Tomahawk cruise missile flight tests that validated recent software improvements. The upgrades improve weapon system performance.
September 5, 2014
12:43 EDTLMTLockheed Martin JLTV program completes government review
The Lockheed Martin Team's Joint Light Tactical Vehicle, or JLTV, program successfully completed the government's Production Readiness Review at the company's Ground Vehicle Assembly facility.
06:40 EDTLMTCanada to presumably purchase fighter jets from U.S. firms, Reuters says
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September 4, 2014
07:28 EDTLMTPentagon official says close to F-35 engine fix, Reuters says
Pentagon chief arms purchaser Frank Kendall said that the U.S. military is getting closer in figuring out how to fix the engine that fuels Lockheed Martin's (LMT) F-35 fighter jet, while Pratt & Whitney said it will pay to retrofit the 156 engines which were already delivered, according to Reuters, citing comments from Kendall. Pratt & Whitney is the United Technologies (UTX) division that manufacturers the engine. Reference Link
September 3, 2014
08:15 EDTLMTLockheed Martin dividend could surpass expectations, says Wells Fargo
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