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Stock Market & Financial Investment News

News Breaks
July 8, 2014
08:36 EDTLMT, UTXUncertain if F-35s will fly in time for shows, The Hill says
The Pentagon's decision to ground its fleet of F-35 Joint Strike Fighters, built by Lockheed Martin (LMT) and United Technologies (UTX), comes ahead of two major air shows scheduled for next week, according to The Hill. Officials said yesterday that it's uncertain if the planes will be allowed to fly in time for the shows, the newspaper added. Reference Link
News For LMT;UTX From The Last 14 Days
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August 20, 2014
14:07 EDTLMTAstrotech Corporation to sell assets of Astrotech Space Operations business unit
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08:04 EDTUTXUnited Technologies licenses technology to CGTech
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August 19, 2014
09:09 EDTUTXUTC Aerospace Systems installs Cloud Cap Technology on Airbus Helicopters
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August 18, 2014
09:31 EDTLMTLockheed Martin receives contract from US Navy to test FROTIS exoskeletons
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August 17, 2014
17:56 EDTUTXBB&T, Juniper, two others look discounted, Barron's says
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August 15, 2014
18:06 EDTLMTLockheed Martin awarded $232.8M government contract modification
Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $232,794,734 cost-plus-incentive-fee modification to the previously awarded F-35 Lightning II Low Rate Initial Production Lot VI contract. This modification provides for non-recurring sustainment activities, to include procurement of 19 training devices and 69 items of complex support equipment. Work is expected to be completed in June 2017. Fiscal 2012 aircraft procurement funds and international partner funds in the amount of $232,794,734 will be obligated at time of award, $190,999,120 of which will expire at the end of the current fiscal year. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity
August 14, 2014
10:01 EDTLMTGD C4 Systems SATCOM Technologies receives contract from Lockheed
General Dynamics (GD) C4 Systems SATCOM Technologies received a contract from Lockheed Martin (LMT) to design and build the ground structures and integrate the mechanical systems for the U.S. Air Force Space Fence program. The new advanced ground-based radar system will enhance the way the U.S. detects and tracks more than 100K orbiting objects in space and increase the ability to prevent space-based collisions. The improved situational awareness will help protect space-based assets like the International Space Station from potential collisions that could severely damage, disable or destroy it. Construction of the Space Fence ground system will begin mid-2015 on the Kwajalein Atoll in the Republic of the Marshall Islands. The U.S. Air Force contract value awarded to Lockheed Martin is greater than $910M.
August 13, 2014
06:09 EDTUTXBoeing, Sikorsky selected to build Technology Demonstrator
Sikorsky Aircraft, a subsidiary of United Technologies (UTX) and Boeing (BA) have been selected to build a helicopter for the U.S. Army’s Joint Multi-Role Technology Demonstrator Phase 1 program, paving the way for the next generation of vertical lift aircraft. The U.S. Army Aviation Technology Directorate selected the Sikorsky-Boeing team to continue the development of the SB>1 Defiant, a medium-lift helicopter configured to Sikorsky’s X2 coaxial design, through flight testing. First flight for the program is expected in 2017. Reference Link
August 12, 2014
10:00 EDTUTXOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Applied Micro Circuits (AMCC) downgraded to Market Perform at FBR Capital... CSX (CSX) downgraded to Neutral from Outperform at Macquarie... Southwestern Energy (SWN) downgraded to Market Perform from Outperform at BMO Capital... Steven Madden (SHOO) downgraded to Neutral from Buy at Citigroup... Teck Resources (TCK) downgraded to Sell from Neutral at Goldman... United Technologies (UTX) downgraded at Cowen... Walter Investment (WAC) downgraded to Market Perform from Outperform at FBR Capital... Whiting USA Trust (WHX) downgraded to Underperform at Raymond James... magicJack (CALL) downgraded to Hold from Buy at Canaccord.
09:22 EDTLMTLockheed Martin names Brian Colan as Chief Accounting Officer
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09:10 EDTUTXUnited Technologies downgraded at Cowen
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09:01 EDTUTXUnited Technologies downgraded to Market Perform from Outperform at Cowen
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August 11, 2014
06:50 EDTLMTJason Communications to sponsor a symposium
17th Annual Space and Missile Defense Symposium to be held in Huntsville, Alabama on August 11-14.
August 8, 2014
18:02 EDTLMTLockheed Martin awarded $193.6M government contract modification
Lockheed Martin Mission Systems and Training, Moorestown, New Jersey, has been awarded a $193,610,317 modification to previously awarded contract number HQ0276-10-C-0001 for procurement of necessary material, equipment, and supplies to conduct the technical engineering to define, develop, integrate and test Aegis Ballistic Missile Defense 4.1 and 5.0 Capability Upgrade baselines through their respective certifications. This modification brings the total cumulative face value of the contract to $2,002,542,722 from $1,808,932,405. Work will be performed at Moorestown, New Jersey, with an expected completion date of May 31, 2016. Fiscal 2014 research, development, test and evaluation funds in the amount of $19,500,000 are being obligated at time of award. The Missile Defense Agency, Dahlgren, Virginia, is the contracting activity.
August 7, 2014
17:41 EDTLMTLockheed Martin awarded $124.6M government contract
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August 6, 2014
17:34 EDTLMTLockheed Martin awarded $116.72M government contract modification
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