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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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September 29, 2014
16:13 EDTLMTLockheed Martin upgraded to Buy from Hold at Stifel
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September 26, 2014
18:01 EDTLMTLockheed Martin awarded $413.2M government contract modification
Lockheed Martin Corp., Marietta, Georgia, has been awarded a $413,158,693 definitization to previously awarded undefinitized contract FA8625-11-C-6597. The contract is for advance procurement funding action and subsuming the advance procurement effort into full production efforts for the purchase of one HC-130J aircraft and six MC-130J aircraft. Work will be performed at Marietta, Georgia, and is expected to be completed by Nov. 30, 2015. Fiscal 2012 and 2013 aircraft procurement funds in the amount of $413,158,693 are being obligated at the time of award. Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
08:10 EDTUTXUnited Technologies risks reflected in shares, says Morgan Stanley
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06:47 EDTLMTFAA drone decision could be milestone, NY Times says
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September 25, 2014
17:25 EDTLMTLockheed Martin awarded $331.41M government contract modification
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15:53 EDTUTXIndia seen ordering $1B worth of United Technologies helicopters, Reuters says
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13:02 EDTLMTLockheed Martin raises quarterly dividend 13% to $1.50 per share
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13:01 EDTLMTLockheed Martin raises share repurchase authorization by $2B
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06:49 EDTUTXAirbus expects upped sales as overhauled A320neo readies kickoff, Reuters says
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September 24, 2014
17:06 EDTLMTLockheed Martin awarded $274.8M government contract modification
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11:30 EDTLMTAAR Corp. plummets after results miss estimates, outlook lowered
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08:31 EDTLMTLockheed Martin receives F-35A aircraft order from Republic of Korea
Lockheed Martin's F-35A Lightning II aircraft has been selected by the Republic of Korea for its F-X fighter acquisition program. Initial deliveries are expected to begin in 2018.
06:42 EDTLMTSouth Korea, Lockheed to finalize $7B agreement for 40 jets, Reuters says
South Korea is poised to finalize an agreement to purchase 40 F-35 fighter jets from Lockheed Martin for approximately $7.06B this month, according to Reuters, citing two people with knowledge of the transaction. Delivery of the jets is estimated to occur between 2018-2021. Reference Link
September 23, 2014
08:38 EDTLMT, UTXBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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September 22, 2014
12:01 EDTLMTLockheed receives additional electronic warfare contract
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09:01 EDTLMTLockheed Martin secures deal with Greater Orlando Aviation Authority
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September 19, 2014
17:33 EDTLMTLockheed Martin awarded $146.3M government contract modification
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06:55 EDTLMTBoeing up against decreasing fighter jet funding, WSJ says
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September 18, 2014
17:20 EDTLMTLockheed Martin awarded $117.77M government contract modification
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08:09 EDTLMTLockheed Martin awarded $18M maintenance contract by U.S. Marine Corps
Lockheed Martin has been awarded a contract for maintenance of the battle command system used by the Marines to manage and monitor airborne platforms, including fighters, bombers, tankers, unmanned aerial vehicles, and helicopters. Under a contract worth approximately $18M, Lockheed Martin will upgrade and sustain the USMC's Virtualized Theater Battle Management Core Systems.
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