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Stock Market & Financial Investment News

News Breaks
July 5, 2014
11:13 EDTUTX, LMTU.S. military grounds entire fleet of Lockheed's F-35 jets, Reuters says
The U.S. military has grounded the entire fleet of Lockheed Martin (LMT) F-35 fighter jets after a fire on an Air Force F-35A jet at Eglin Air Force Base in Florida, says Reuters. The jets will be grounded until inspections of the plane's engine, which is built by United Technologies' (UTX) Pratt & Whitney unit, are complete, added Reuters. Reference Link
News For LMT;UTX From The Last 14 Days
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April 1, 2015
07:43 EDTUTXBofA/Merrill strategist holds an analyst/industry conference call
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March 31, 2015
08:04 EDTUTXUTC Aerospace Systems selected by Qatar Airways to supply wheels, brakes
UTC Aerospace Systems has been selected by Qatar Airways to supply the wheels and carbon brakes for its fleet of 43 Airbus A350-900 aircraft. The company will provide the equipment through its Landing Systems facility in Troy, Ohio. Qatar Airways took delivery of their first A350-900 aircraft in December 2014.
March 30, 2015
12:28 EDTLMTLockheed Martin wins South Korean fighter jet contract, Reuters says
South Korea has selected Lockheed Martin (LMT) to develop a mid-level fighter jet in partnership with Korea Aerospace Industries for $7.9B, reports Reuters, citing statements from the Defense Acquisition Program Administration. The two companies beat out a bid from Korean Air Lines and Airbus (EADSY), notes Reuters. Reference Link
March 27, 2015
17:08 EDTLMTLockheed Martin awarded $485M government contract
Lockheed Martin Missiles and Fire Control, Orlando, Florida, has been awarded a $485M firm fixed price with minimal cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract. Contractor will provide multiple Sniper advanced targeting pods including initial spares, 1K forward-looking infrareds, and two-way data links. It also includes other items as specified in the contract. Work will be performed at Orlando, Florida, and is expected to be complete by March 26, 2018. This contract involves foreign military sales. This award is the result of a sole-source acquisition. Air Force Life Cycle Management Center, Robins Air Force Base, Georgia, is the contracting activity.
March 25, 2015
06:34 EDTLMTLockheed Martin likely to miss out on portion of F-35 incentive fee, WSJ says
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March 23, 2015
10:24 EDTLMTRADA Electronic selected by Lockheed Martin for laser weapon research projects
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08:13 EDTLMT, UTXBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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08:12 EDTUTXOtis selected for Hudson Yards development
Otis has entered into a multimillion-dollar agreement with related companies to supply elevator and escalator units for the new Hudson Yards development in Manhattan's West Side. As part of its contract, the world's largest manufacturer and maintainer of people-moving products will provide 73 units for 30 Hudson Yards, a 92-story, 2.6 million-square-foot tower that will be among the first to be constructed at the site. Founded by the inventor of the safety elevator, Otis is a part of UTC Building & Industrial Systems, a unit of United Technologies.
08:01 EDTLMTBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
08:01 EDTUTXUTC Aerospace Systems awarded $39M contract from Naval Surface Warfare Center
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07:35 EDTLMTLockheed working to resolve technical error with GPS satellites, Reuters says
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