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Stock Market & Financial Investment News

News Breaks
April 4, 2012
08:03 EDTLMTCanada's spending watchdog questions decision to buy Lockheed F-35, Reuters says
Canada's government's spending watchdog said in a report that the decision to buy F-35 fighter jets made by Lockheed Martin (LMT) was based on bad data as officials deliberately downplayed the costs and risks, reported Reuters. Prime Minister Stephen Harper replied by saying Ottawa had not yet signed a binding contact with Lockheed and the government said it would freeze the budget for new fighters and would not sign a contract until it had reexamined the buying process. Reference Link
News For LMT 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.
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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