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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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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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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.

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