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News Breaks
November 8, 2012
09:05 EDTLMTLockheed Martin awarded $59.4M contract from Department of Labor
Lockheed Martin has been awarded a $59.4M contract from the U.S. Department of Labor to increase energy efficiency through data center consolidation of the DOL's key data centers. Under the seven-year, indefinite delivery/indefinite quantity contract, DOL data centers will be moved to a secure data center and ultimately to the cloud to further increase efficiency and meet the Federal Data Center Consolidation Initiative.
News For LMT From The Last 14 Days
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October 2, 2015
18:41 EDTLMTLockheed Martin weighs merger of services units with competitor, Reuters says
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October 1, 2015
17:25 EDTLMTLockheed Martin knocked out of NASA delivery competition, WSJ says
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September 30, 2015
19:57 EDTLMTDoD concerned about 'excessive consolidation' after Lockheed-Sikorsky deal
Frank Kendall, the Under Secretary of Defense for Acquisition, Technology and Logistics, said in a statement earlier Wednesday that alluded to Lockheed Martin's (LMT) acquisition of United Technology's (UTX) Sikorsky unit, "With size comes power, and the department's experience with large defense contractors is that they are not hesitant to use this power for corporate advantage." Kendall added that the DoD would work with Congress to "explore additional legal tools and policy to preserve the diversity and spirit of innovation that have been central to the health and strength of our unique, strategic defense industrial base, particularly at the prime contractor level." Reacting to Kendall's statement, Lockheed spokesman Dan Nelson said, "There is no evidence to support the view that larger defense companies reduce competition or inhibit innovation... We believe that defense contractors should continue to be assessed based on the performance and effectiveness of the products and solutions offered, not on the size of their company."
17:49 EDTLMTLockheed Martin awarded $392.02M government contract
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06:51 EDTLMTUnited Launch Alliance wins $882M contract with U.S. Air Force, Reuters says
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September 24, 2015
13:50 EDTLMTLockheed Martin raises share repurchase authorization by $3B
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12:51 EDTLMTLockheed Martin raises quarterly dividend 10% to $1.65 per share
The dividend is payable on December 24 to holders of record as of the close of business on December 1.
08:04 EDTLMTLockheed Martin reports expiration of HSR waiting period for Sikorsky deal
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07:43 EDTLMTMarket overly negative on Aerojet Rocketdyne, says Oppenheimer
After Boeing (BA) rejected an unsolicited offer from Aerojet Rocketdyne (AJRD) for United Launch Alliance, a 50/50 joint venture of Boeing and Lockheed Martin (LMT), Oppenheimer thinks the market's reaction to the news ignores Aerojet's positive catalysts. The firm says that the news will not impact Aerojet's operations until 2019 and will probably not have an impact of more than about $115M. The firm keeps a $26 price target and Outperform rating on Aerojet.
September 23, 2015
17:52 EDTLMTLockheed Martin awarded $120.4M government contract modification
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