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Stock Market & Financial Investment News

News Breaks
December 3, 2012
10:01 EDTLMTLockheed Martin awarded $5.1M contract from U.S. Air Force
Lockheed Martin received a $5.1MForeign Military Sale contract from the U.S. Air Force to support integration of the Joint Air-to-Surface Standoff Missile onto the Finnish Air Force F-18C/D aircraft. The contract is for the first phase of a six-year effort of software development and aircraft integration support. Additional contract awards are expected for remaining phases of integration support, missile procurement and post-production support. Finland is the second international customer for JASSM, following the Commonwealth of Australia, which became the first export customer in February 2006.
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July 9, 2014
11:16 EDTLMTAeroVironment rallies after better than expected results
Shares of AeroVironment (AVAV), which develops a portfolio of products and services for unmanned aircraft and efficient energy systems, are rallying after the company reported better than expected fourth quarter results. WHAT'S NEW: Last night, AeroVironment reported Q4 EPS of 35c and revenue of $73.5M, compared to analysts' consensus estimates of 22c and $69.62M, respectively. WHAT'S NOTABLE: The company forecast fiscal 2015 revenue of $250M-$270M, compared to consensus of $256.2M, along with gross profit margins of 34.5%-37.5%. The company noted that planned increases in research and development and business development investments for Tactical Missile Systems, Commercial UAS and Global Observer business areas in FY15 may largely offset operating profit in the current fiscal year. PRICE ACTION: In morning trading, AeroVironment soared $4.49, or 14.5%, to $35.45 on nearly five times its average daily trading volume. Including today's advance, the stock is up more than 70% over the past 12 months. OTHERS TO WATCH: Other companies in the unmanned aircraft space include Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC), though all of those are significantly larger than AeroVironment.
06:54 EDTLMTPentagon says no decision yet on F-35s air show attendance, Reuters says
Pentagon press secretary Rear Admiral John Kirby said that a choice has not been made yet on whether to send a group of Lockheed Martin F-35 Joint Strike Fighters to Britain for the plane's international debut at two air shows after the fleet was grounded in response to an engine fire, according to Reuters, citing comments from Kirby. Kirby said, "A decision will be coming pretty soon." Reference Link
July 8, 2014
08:52 EDTLMTGCS to work with Lockheed Martin
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08:36 EDTLMTUncertain if F-35s will fly in time for shows, The Hill says
The Pentagon's decision to ground its fleet of F-35 Joint Strike Fighters, built by Lockheed Martin (LMT) and United Technologies (UTX), comes ahead of two major air shows scheduled for next week, according to The Hill. Officials said yesterday that it's uncertain if the planes will be allowed to fly in time for the shows, the newspaper added. Reference Link
07:32 EDTLMTSemiconductor Equipment & Materials International to hold a conference
SEMICON West to be held in San Francisco on July 8-10.
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