New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
February 27, 2015
18:10 EDTLMTLockheed Martin, United Technologies JV awarded $2B government contract
Subscribe for More Information
February 25, 2015
12:31 EDTLMTLockheed Martin awarded two Navy contracts totalling $90M
Subscribe for More Information
February 24, 2015
17:19 EDTLMTLockheed Martin awarded $129M government contract modification
Subscribe for More Information
February 23, 2015
13:30 EDTLMTIsrael to purchase another 14 of Lockheed Martin's F-35s, Globes says
Subscribe for More Information
06:42 EDTLMTLockheed Martin to pay $62M to settle retirement plan lawsuit, WSJ says
Lockheed Martin will pay $62M to settle a civil suit alleging its 401(k) plan charged unreasonable fees, reports the Wall Street Journal, citing legal filings and company statements. As part of the settlement, Lockheed will also have to submit monthly evaluations of certain aspects of its plan, offer new low-cost funds, and solicit bids from at least three large firms to serve as administrative managers of the company's retirement plans. Reference Link
February 19, 2015
09:38 EDTLMTLockheed Martin says getting 'very excited' for laser weapon development
Subscribe for More Information
09:13 EDTLMTLockheed says international growth would still be fairly healthy excluding F-35
Lockheed says F-35 makes up "lion's share" of growth internationally and domestically. Lockheed Martin CFO Bruce Tanner is speaking at the Barclays Industrial Select Conference.
07:46 EDTLMTAustralia opens bids for $8B armored vehicle defense contract, WSJ says
Subscribe for More Information
05:55 EDTLMTLockheed Martin on track to cut cost of F35 jets by 30%, Financial Times reports
Subscribe for More Information
February 18, 2015
16:06 EDTLMTLockheed Martin names Dana Jackson as Chief Technology Officer
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use