New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 9, 2014
07:21 EDTLMT, UTXPentagon expects Lockheed, Pratt deal on F-35 lot by May's end, Reuters says
The U.S. Air Force general who runs the F-35 fighter jet program for the Pentagon, Lieutenant General Chris Bogdan, said that he hoped to finalize deals with both Lockheed Martin (LMT) and Pratt & Whitney by the end of May for the next order of fighter planes, according to Reuters, citing comments from Bogdan. Pratt & Whitney is owned by United Technologies (UTX). Reference Link
News For LMT;UTX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
February 27, 2015
18:10 EDTUTX, LMTLockheed Martin, United Technologies JV awarded $2B government contract
Subscribe for More Information
February 25, 2015
17:23 EDTUTXUnited Technologies awarded $407M government contract
United Technologies Corp., East Hartford, Connecticut, has been awarded a $407M indefinite-delivery/indefinite-quantity contract for engine component improvement program. Contractor will provide design improvement, life management/analysis, repair development and test of engines produced by Pratt & Whitney. Work will be performed at East Hartford, Connecticut, and is expected to be complete by Dec. 31, 2021. This contract involves foreign military sales. This award is the result of a sole-source acquisition. Fiscal year 2015 research, development, test and evaluation funds in the amount of $5M are being obligated at the time of award for task order 0001. Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
12:31 EDTLMTLockheed Martin awarded two Navy contracts totalling $90M
Subscribe for More Information
07:09 EDTUTXUnited Technologies price target to $138 ahead of Analyst Day at Credit Suisse
Subscribe for More Information
February 24, 2015
17:19 EDTLMTLockheed Martin awarded $129M government contract modification
Subscribe for More Information
February 23, 2015
13:30 EDTLMTIsrael to purchase another 14 of Lockheed Martin's F-35s, Globes says
Subscribe for More Information
06:51 EDTUTXAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
06:42 EDTLMTLockheed Martin to pay $62M to settle retirement plan lawsuit, WSJ says
Lockheed Martin will pay $62M to settle a civil suit alleging its 401(k) plan charged unreasonable fees, reports the Wall Street Journal, citing legal filings and company statements. As part of the settlement, Lockheed will also have to submit monthly evaluations of certain aspects of its plan, offer new low-cost funds, and solicit bids from at least three large firms to serve as administrative managers of the company's retirement plans. Reference Link
February 20, 2015
06:27 EDTUTXUnited Tech's Sikorsky may look to make military helicopters in India, WSJ says
Subscribe for More Information
February 19, 2015
09:38 EDTLMTLockheed Martin says getting 'very excited' for laser weapon development
Subscribe for More Information
09:13 EDTLMTLockheed says international growth would still be fairly healthy excluding F-35
Lockheed says F-35 makes up "lion's share" of growth internationally and domestically. Lockheed Martin CFO Bruce Tanner is speaking at the Barclays Industrial Select Conference.
07:46 EDTLMTAustralia opens bids for $8B armored vehicle defense contract, WSJ says
Subscribe for More Information
05:55 EDTLMTLockheed Martin on track to cut cost of F35 jets by 30%, Financial Times reports
Subscribe for More Information
February 18, 2015
16:06 EDTLMTLockheed Martin names Dana Jackson as Chief Technology Officer
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use