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Stock Market & Financial Investment News

News Breaks
December 12, 2012
19:07 EDTLMT, UTXPentagon to pay 4% less for Lockheed's F-35 fighters, Reuters reports
The Pentagon will pay about $107M for each F-35 it contracts as part of a $3.8B agreement with Lockheed Martin (LMT) it is set to sign Friday, according to a Reuters report that cites sources. The Air Force paid $111.6M, or about 4% more than the Pentagon, per F-35 in a previous contract with Lockheed, and the Defense Department is said to be negotiating a separated contract with Pratt & Whitney, a unit of United Technologies (UTX), for jets to power the planes. Reference Link
News For LMT;UTX From The Last 14 Days
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April 17, 2015
06:41 EDTUTXUnited Technologies April weekly volatility elevated into Q1 and outlook
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April 16, 2015
09:10 EDTUTXUnited Technologies' Rig Approach certified by Transport Canada Civil Aviation
United Technologies subsidiary Sikorsky Aircraft Corp.'s Rig Approach for the S-92 helicopter has received certification by Transport Canada Civil Aviation. Rig Approach provides helicopter operators with an automated approach to offshore rigs and platforms.
April 15, 2015
07:54 EDTUTXUBS to hold a field trip
Field Trip where meetings with private and public aerospace aftermarket companies and aviation investors will be held during the MRO Americas 2015 Conference being held in Miami Beach on April 15.
April 14, 2015
07:10 EDTLMTAviation Week to hold a conference
MRO Americas 2015 is being held in Miami Beach on April 14-16.
06:15 EDTLMTBoeing, Lockheed Martin JV unveils Vulcan rocket with reusable engine
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April 13, 2015
07:19 EDTLMTbloomberg to hold a summit
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April 10, 2015
17:12 EDTUTXSikorsky Aircraft awarded $480M government contract
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06:22 EDTLMT, UTXDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).
April 9, 2015
18:00 EDTLMTLockheed Martin awarded $150.6M government contract
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April 8, 2015
17:25 EDTUTXCourt reverses $664M judgment against United Technologies
In a regulatory filing, United Technologies (UTX) reports that on April 6, the Sixth Circuit Court of Appeals rendered a decision in the litigation concering the F100 engine. The litigation arose from allegations by the U.S. Department of Justice that Pratt & Whitney -- a United subsidiary -- violated the civil False Claims Act relating to the competition between Pratt & Whitney's F100 engine and General Electric's (GE) F110 engine, resulting in alleged overpayments by the government for F100 engines under contracts awarded by the U.S. Air Force in fiscal years 1985-1990. On June 17, 2013, a trial court in Ohio rendered a decision awarding the government $473M in damages and penalties, plus prejudgment interest for a total judgment of approximately $664M. In its latest decision, the Sixth Circuit reversed the trial courtís judgment, noting that the government did not prove any damages, and remanded the case to the trial court to decide whether the government should have another opportunity to prove that it suffered any actual damages.
10:39 EDTLMTCAE awarded C$200M in defence and security contracts
CAE (CAE) announced that is has won approximately C$220M worth of Defence and Security contracts during its fourth quarter to provide simulation products and upgrades as well as training services for global military customers. Some of the key contracts include providing a C-130J simulator to the United States Air Force; a range of C-130J training systems and upgrades for the Royal Australian Air Force; simulator upgrades and training services for the Royal Air Force; M-346 simulators for the Italian Air Force; in-service support for the British Army's Warrior infantry fighting vehicle training systems; and support services for the NATO Joint Lynx helicopter simulator. Under subcontract from Lockheed Martin (LMT), CAE will design and manufacture a C-130J weapon systems trainer for the United States Air Force Air Mobility Command. CAE has been awarded a series of contracts from Australia's Defence Material Organisation and Lockheed Martin to upgrade and enhance elements of the C-130J training system at RAAF Base Richmond. The United Kingdom Ministry of Defence has awarded CAE several upgrade and modification contract amendments for simulator training services at CAE's Medium Support Helicopter Aircrew Training Facility. The United Kingdom Ministry of Defence has awarded CAE a four-year contract to provide logistics support and maintenance services on the British Army's suite of Warrior infantry fighting vehicle direct and indirect fire trainers. The NATO Support Agency has contracted CAE to provide maintenance and support services on the CAE-built Lynx full-mission flight trainer based at Naval Air Station Nordholz in Germany.
09:03 EDTLMTLockheed Martin Canada awarded implementation contract by Irving Shipbuilding
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08:01 EDTLMTSplunk awarded contract to support Lockheed Martin's L-35 Lightning II Program
Splunk (SPLK) announced it was awarded a contract to support Lockheed Martinís (LMT) F-35 Lightning II Program. Splunk has provided Lockheed Martin with Splunk Enterprise to monitor and analyze IT systems and network behavior for the Autonomic Logistics Information System, which supports the F-35 Lightning II, a 5th generation fighter jet. Splunk Enterprise is initially being used by Lockheed Martin in 25 different operating environments for IT operations and application delivery, analyzing machine data from the systems and networks supporting the ALIS infrastructure to help ensure applications are operating at peak performance.
April 7, 2015
08:32 EDTLMTOrbital ATK signs $90M attitude control motor contract with Lockheed Martin
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April 6, 2015
10:01 EDTLMTLockheed Martin awarded $23M extension from NASA
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08:01 EDTUTXUTC Aerospace Systems awarded contract for Naval Undersea Warfare Center
UTC Aerospace Systems has reached an agreement with the U.S. Naval Undersea Warfare Center to provide high frequency acoustic windows for submarines. The five-year indefinite delivery, indefinite quantity contract covers deliveries through 2020 to the U.S. Navy. Work will be performed by the Engineered Polymer Products team in Jacksonville, Florida, which is part of UTC Aerospace Systems' Aerostructures business. UTC Aerospace Systems is a unit of United Technologies.

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