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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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June 29, 2015
17:23 EDTLMTLockheed Martin awarded $119.2M government contract
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09:33 EDTLMTLockheed Martin signs purchase agreements with Airbus for two flight simulators
Lockheed Martin (LMT) Commercial Flight Training and Airbus (EADSY) have signed a frame contract enabling Airbus to expedite procurement of flight simulation devices for their customers, Airbus training centers and their affiliates worldwide. The frame contract emphasizes the shared intent to partner on future training programs, and combines Airbus' and Lockheed Martin Commercial Flight Training's expertise in the flight simulation industry. As a first example of this process, Airbus Mexico Training Centre has ordered two LMCFT A320 full flight simulators for their operations in Mexico City and Monterrey to be delivered in late 2015 and early 2016.
June 26, 2015
07:26 EDTLMTSRA International exploring sale or IPO, Reuters reports
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June 25, 2015
17:23 EDTLMTLockheed Martin awarded $237.77M government contract
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June 24, 2015
18:21 EDTLMTLockheed Martin awarded $480M government contract
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June 23, 2015
16:22 EDTLMTAerojet Rocketdyne awarded contract by Lockheed Martin
Aerojet Rocketdyne (AJRD) recently was awarded a contract from Lockheed Martin (LMT) to deliver XR-5 Hall Effect and MR-510 Arcjet electric propulsion subsystems, as well as monopropellant rocket engines for the modernized A2100 satellite. The contract is for delivery of the flight propulsion subsystems aboard two modernized A2100 satellites that Arabsat recently ordered from Lockheed Martin.
June 22, 2015
17:21 EDTLMTLockheed Martin awarded maximum $870M government contract modification
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June 17, 2015
09:07 EDTLMTLockheed Martin to provide Sniper targeting pods to Jordanian Air Force
Lockheed Martin received a contract to deliver 10 Sniper Advanced Targeting Pods to the Royal Jordanian Air Force in support of urgent operational requirements.
08:07 EDTLMTLockheed Martin to deliver B737-NG simulator to Southeast Asia training center
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