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Stock Market & Financial Investment News

News Breaks
January 23, 2013
13:00 EDTLMTEarnings Preview: Lockheed Martin shares near three-year high ahead of Q4 report
Lockheed Martin (LMT) is expected to report Q4 earnings on Thursday, January 24 before the market open with a conference call scheduled for 3:00 pm ET. Lockheed Martin is a globally diversified security and aerospace company... EXPECTATIONS: Analysts are looking for EPS of $1.82 on revenue of $11.16B, according to First Call. The consensus range for EPS is $1.73-$2.00 on revenue of $10.58B-$11.55B... LAST QUARTER: Lockheed Martin reported Q3 EPS of $2.21 against estimates for $1.85 on revenue of $11.87B against estimates for $11.17B. On its Q3 earnings report, the company raised its 2012 EPS and revenue views. FY12 EPS guidance was raised to $8.20-$8.40 from $7.90-$8.10, consensus $8.10. FY12 revenue was upped to $45.5B-$46.5B from $45B-$46B, consensus $45.68B. Lockheed also expected FY13 revenue to decline in the low single digit range. On November 9, the company announced a CEO transition with the appointment of Marilyn Newson as CEO and COO, replacing Christopher E. Kubasik who resigned after an ethics investigation... STREET RESEARCH: Street research has been positive in the weeks leading up to Lockheed's Q4 earnings report. On November 26, Bernstein upgraded the company to Outperform from Market Perform based on an improving outlook for the F-35 and growing international demand. They raised their price target to $111 from $105. On November 30, CRT Capital upgraded Lockheed to Fair Value from Sell, saying the company’s dividend yield would provide a floor for the shares in the near term... PRICE ACTION: Lockheed shares have traded in a choppy pattern following the company's Q3 report, but have recently advanced and currently sit near 52-week and three-year highs of $95.92. In early afternoon trading ahead of tomorrow's Q4 report, Lockheed’s shares are up slightly to $95.76.
News For LMT From The Last 14 Days
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March 27, 2015
17:08 EDTLMTLockheed Martin awarded $485M government contract
Lockheed Martin Missiles and Fire Control, Orlando, Florida, has been awarded a $485M firm fixed price with minimal cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract. Contractor will provide multiple Sniper advanced targeting pods including initial spares, 1K forward-looking infrareds, and two-way data links. It also includes other items as specified in the contract. Work will be performed at Orlando, Florida, and is expected to be complete by March 26, 2018. This contract involves foreign military sales. This award is the result of a sole-source acquisition. Air Force Life Cycle Management Center, Robins Air Force Base, Georgia, is the contracting activity.
March 25, 2015
06:34 EDTLMTLockheed Martin likely to miss out on portion of F-35 incentive fee, WSJ says
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March 23, 2015
10:24 EDTLMTRADA Electronic selected by Lockheed Martin for laser weapon research projects
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08:13 EDTLMTBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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08:01 EDTLMTBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
07:35 EDTLMTLockheed working to resolve technical error with GPS satellites, Reuters says
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March 17, 2015
14:41 EDTLMTLockheed Martin nearing F-16 upgrade deal with Singapore, Defense News says
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07:18 EDTLMTSatellite & Access Intelligence to hold a exhibition
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