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Stock Market & Financial Investment News

News Breaks
November 9, 2012
16:38 EDTLMTLockheed Martin names Marillyn Hewson as CEO & President
Lockheed Martin announced that its board of directors asked for and received the resignation of Christopher E. Kubasik from his role as vice chairman, president and COO, effective immediately. The board also elected Marillyn A. Hewson president and COO, and a director effective immediately, and CEO and president effective January 1, 2013. Hewson will also retain her role as executive vice president of Electronic Systems business area until the end of this year. Kubasik, previously slated to become CEO in January, resigned after an ethics investigation confirmed that he had a close personal relationship with a subordinate employee. His actions violated the company's Code of Ethics and Business Conduct, but did not affect the company's operational or financial performance. Hewson joined Lockheed Martin in 1983, has served as executive vice president of the Electronic Systems business area since January 2010, and was named President and COO-elect by the board in April.
News For LMT From The Last 14 Days
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December 19, 2014
13:31 EDTLMTLockheed Martin wins $308M Taiwan deal, Defense News says
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December 16, 2014
17:21 EDTLMTLockheed Martin awarded $308.26M government contract
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December 15, 2014
09:28 EDTLMTLockheed Martin says Air Force approves full rate production for JASSM-ER
The U.S. Air Force has approved full rate production for Lockheed Martin's Joint Air-to-Surface Standoff Missile Extended Range, orJASSM-ER, which successfully completed U.S. Air Force Initial Operational Test and Evaluation flight testing in 2013. During IOT&E, the program had a 95% success rate, scoring 20 successes in 21 flights. Lots 11 and 12 of the JASSM contract awarded in December 2013 included 100 ER missiles.
09:12 EDTLMTLockheed Martin selected to continue building MK 41 for Navy
The U.S. Navy awarded Lockheed Martin a $235M contract to continue building MK 41 Vertical Launch Systems with options that, if exercised, would increase the value to $356M. Under this contract which extends through 2022, Lockheed Martin will produce the launch control units, various electrical boxes and the mechanical structure, and perform final assembly and test. The company is also under contract to conduct repairs, distribute, store and manage spare parts for the MK 41 system for the U.S. Navy.
December 12, 2014
17:36 EDTLMTLockheed Martin awarded $169.3M government contract modification
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17:35 EDTLMTLockheed Martin awarded $235.3M government contract
Lockheed Martin Corp., Mission Systems and Training, Baltimore, Maryland, is being awarded a $235,329,189 firm-fixed-price contract for MK 41 Vertical Launching System electronic and mechanical modules and related equipment. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity.
December 9, 2014
10:01 EDTLMTNorthrop Grumman selected by Lockheed Martin to supply navigation system
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