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Stock Market & Financial Investment News

News Breaks
July 15, 2014
06:56 EDTLMT, UTXU.S. officials remove grounding order for Lockheed F-35s, Reuters says
U.S. military officials removed a fleet-wide grounding order for Lockheed Martin (LMT) F-35 fighter jets, upping the chances that the newest U.S. combat plane will make its international debut before possible purchasers this week, according to Reuters, citing sources familiar with the matter. The sources noted that U.S. officials are still keeping some operating restrictions on the plans due to an ongoing probe into the failure of the Pratt & Whitney F135 engine on a U.S. Air Force jet last month. Pratt & Whitney is owned by United Technologies (UTX). Reference Link
News For LMT;UTX From The Last 14 Days
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September 2, 2014
08:01 EDTUTXUnited Technologies concerns overdone, says Morgan Stanley
Morgan Stanley said United Technologies underperformance due to China real-estate and Commercial Aero OE outlook are overdone. The firm said Oits China growth is not that impactful and Commercial Aero OE cycle risks are immaterial. The firm believes revenue underperformance will reverse and that consensus estimates are reasonable, positioning shares for outperformance. The firm rates United Technologies an Overweight with a $129 price target.
August 31, 2014
16:34 EDTUTXPratt & Whitney halts deliveries of F-35 engines, WSJ says
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August 27, 2014
17:33 EDTLMTLockheed Martin awarded $122.22M government contract modification
Lockheed Martin is being awarded a $122.22M modification to a previously awarded F-35 Lightning II Low Rate Initial Production, or LRIP, Lot VI cost-plus incentive fee contract for the procurement of support equipment for the F-35 aircraft such as sensor covers, tool sets, vacuum clamp sets, and heat gun assemblies. Work is expected to be completed in November 2016. Fiscal 2012 aircraft procurement funds in the amount of $122.22M will be obligated at time of award, all of which will expire at the end of the current fiscal year.
09:03 EDTUTXUnited Technologies raises FY14 share repurchase view to $1.35B
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09:03 EDTUTXUnited Technologies backs FY14 EPS view $6.75-$6.85 , consensus $6.86
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August 25, 2014
18:03 EDTLMTLockheed Martin and Electro Optic Systems to develop space debris tracking site
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09:01 EDTLMTLockheed Martin buys Sun Catalytix assets, terms not disclosed
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August 22, 2014
07:16 EDTLMTLockheed, suppliers aim to cut F-35 expenses, Reuters says
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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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