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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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January 29, 2015
06:33 EDTLMTBoeing, Lockheed Martin get $383M deal from Air Force, Reuters says
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January 28, 2015
09:05 EDTLMTExelis receives low rate initial production contract from Lockheed Martin
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January 27, 2015
07:36 EDTLMTLockheed Martin reports Q4 Aeronautics sales $4.14B
Reports Q4 Information Systems & Global Solutions sales $1.99; Reports Q4 Missiles and Fire Control sales $2.01B; Reports Q4 Mission Systems and Training sales $2.07B. Reports Q4 Space Systems sales $2.32B.
07:34 EDTLMTLockheed Martin sees FY15 EPS $10.80-$11.10, consensus $11.49
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07:33 EDTLMTLockheed Martin reports Q4 EPS cont ops $2.82, consensus $2.85
Reports Q4 revenue $12.53B, consensus $11.89B; Fourth quarter net earnings from continuing operations included a special charge for a non-cash goodwill impairment of $119M, which decreased net earnings by $107M, or 33c per diluted share, partially offset by a decrease in income tax expense due to the retroactive reinstatement of the U.S. research and development tax credit for 2014, which increased earnings $45 million, or 14c per diluted share.
January 26, 2015
15:40 EDTLMTNotable companies reporting before tomorrow's open
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January 22, 2015
06:28 EDTLMTDefense and aerospace firms may see cybersecurity business boost, LA Times says
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