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Stock Market & Financial Investment News

News Breaks
October 25, 2012
06:08 EDTLMTLockheed Martin says no government communication about defense cuts, WSJ reports
Lockheed Martin (LMT) CEO Bob Stevens said scheduled across-the-board cuts to the U.S. defense budget wouldn't hit existing business before next March, though there has been no official word from the Pentagon that they will be avoided, reports the Wall Street Journal. Stevens said that there had been "no communication" from the government that almost $500B in military spending cuts over the next decade wouldn't be triggered in January.Reference Link
News For LMT From The Last 14 Days
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May 20, 2013
17:14 EDTLMTLockheed Martin awarded $29.73M government contract modification
Lockheed Martin was awarded a sole-source, cost-plus-incentive-fee/cost-plus-award-fee contract modification. The value of this contract modification is $29.73M, increasing the total contract value from $1.41B to $1.44B. Under this modification, the contractor shall provide system engineering and program management services in accordance with established Aegis system engineering practices for the post certification support of Aegis Ballistic Missile Defense baselines 4.0.X, 5.0 and 5.0 capability upgrade. Work is expected to be completed Dec. 31, 2014.
17:10 EDTLMTLockheed Martin awarded $111.51M U.S. Navy contract
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May 15, 2013
07:12 EDTLMTLockheed CEO sees sequester raising F35 costs, FT reports
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May 13, 2013
11:29 EDTLMTPentagon contracts tumbled in April, Washington Post says
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07:30 EDTLMTTechConnect to host a summit
2013 National Innovation Summit is being held in Washington, D.C. on May 12-16.
May 9, 2013
08:39 EDTLMTITT Exelis awarded $9.4M contract from Lockheed Martin
ITT Exelis (XLS) announced it received a $9.4M contract from Lockheed Martin Aeronautics (LMT) to supply the Continuous Wave Illuminator subsystem for the F-16 Fighting Falcon. Deliveries will be completed by December 2014.
May 8, 2013
07:18 EDTLMTLockheed Martin to host a conference
13th Annual Information Technology Day is being held in Kennewick, Washington on May 8.

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