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Stock Market & Financial Investment News

News Breaks
November 9, 2012
16:50 EDTLMTLockheed Martin COO Chris Kubasik resigns
Chris Kubasik, Vice Chairman, President and COO of Lockheed Martin Corporation, released the following statement: "Today, I have submitted my resignation from the board of directors of Lockheed and signed an agreement of separation ending my tenure as an officer of the company. My departure in no way reflects on the strength of Lockheed Martin. I remain confident in the future of the company. I regret that my conduct in this matter did not meet the standards to which I have always held myself. I am grateful to have worked with such an outstanding team of colleagues and friends and continue to be proud of our work together over the past 13 years."
News For LMT From The Last 14 Days
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September 12, 2014
17:44 EDTLMTBAE Systems, others collectively awarded $5.04B government contract
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September 11, 2014
17:26 EDTLMTLockheed Martin awarded $147.49M government contract
Lockheed Martin is being awarded a not-to-exceed $147.49M firm-fixed-price, cost-plus-fixed fee, and cost-type-letter contract for low rate initial production and fielding of Surface Electronic Warfare Improvement Program, or SEWIP, Block 2 systems. SEWIP is an evolutionary acquisition and incremental development program which upgrades existing out-of-production AN/SLQ-32V electronic warfare systems by providing improved electronic support receivers and combat system interface. This contract includes options, which, if exercised, would bring the cumulative value to $158.79M. Work is expected to be completed by September 2017.
September 5, 2014
12:43 EDTLMTLockheed Martin JLTV program completes government review
The Lockheed Martin Team's Joint Light Tactical Vehicle, or JLTV, program successfully completed the government's Production Readiness Review at the company's Ground Vehicle Assembly facility.
06:40 EDTLMTCanada to presumably purchase fighter jets from U.S. firms, Reuters says
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September 4, 2014
07:28 EDTLMTPentagon official says close to F-35 engine fix, Reuters says
Pentagon chief arms purchaser Frank Kendall said that the U.S. military is getting closer in figuring out how to fix the engine that fuels Lockheed Martin's (LMT) F-35 fighter jet, while Pratt & Whitney said it will pay to retrofit the 156 engines which were already delivered, according to Reuters, citing comments from Kendall. Pratt & Whitney is the United Technologies (UTX) division that manufacturers the engine. Reference Link
September 3, 2014
08:15 EDTLMTLockheed Martin dividend could surpass expectations, says Wells Fargo
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