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Stock Market & Financial Investment News

News Breaks
February 25, 2013
10:02 EDTLMTLockheed Martin awarded contracts totaling $120M by U.S. Air Force
The U.S. Air Force has awarded Lockheed Martin two fixed-price contracts totaling $120M to procure long lead parts for the fifth, sixth, seventh and eighth next generation Global Positioning System satellites, known as GPS III. Lockheed Martin is currently under contract for production of the first four GPS III satellites, and will now begin advanced procurement of long-lead components for the fifth, sixth, seventh and eighth satellites. The Air Force plans to purchase up to 32 GPS III satellites.
News For LMT From The Last 14 Days
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June 19, 2013
09:08 EDTLMTLockheed Martin and Mitsubishi Heavy sign deal for F-35 assembly, Reuters says
Lockheed Martin has agreed to a contract with Mitsubishi Heavy Industries to begin work on a final assembly and check-out plant for the F-35 Joint Strike Fighter in Japan, reports Reuters. Lockheed VP of the F-35 program Steve O'Bryan declined to give details on the contract's value after the announcement at the Paris Airshow. Reference Link
June 17, 2013
06:02 EDTLMTITT Exelis receives contract from Lockheed Martin F-35 program
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June 13, 2013
08:32 EDTLMTLONGBOW receives $90M contract for Saudi Arabia Apache radar systems
The LONGBOW Limited Liability Company, a joint venture of Lockheed Martin (LMT) and Northrop Grumman (NOC), received a $90.6M contract to provide Saudi Arabia with LONGBOW Fire Control Radars for the AH-64 Apache Attack Helicopter. The contract award includes AH-64E LONGBOW FCRs, spares and support for the Royal Saudi Land Forces Aviation Command. The contract also includes LONGBOW FCRs for the Saudi Arabia National Guard and LONGBOW Mast Mounted Assemblies for the U.S. Army.
June 12, 2013
11:39 EDTLMTPentagon indicates deep cuts to contractors, Government Executive reports
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09:05 EDTLMTLockheed Martin awarded contract worth up to $400M from CDC
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June 10, 2013
17:22 EDTLMTLockheed Martin awarded $104.73M government contract modification
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10:31 EDTLMTLockheed Martin receives $34M foreign military sales contract
Lockheed Martin received a $34.2M foreign military sales contract from the U.S. Air Force to support additional integration of the Joint Air-to-Surface Standoff Missile onto the Finnish Air Force F-18C/D aircraft. Finland is the second international customer for JASSM. This second contract for Finland includes test missiles, software development and engineering documentation.
June 6, 2013
12:01 EDTLMTLockheed Martin awarded as contractor on multiple U.S. Navy award
Lockheed Martin was chosen along with 14 other companies to provide a variety of operational support services for the Navy under the Space and Naval Warfare Systems Center Atlantic's Business and Force Support Multiple Award Pillar contract. The award has a potential cumulative value if all options are exercised across the 15 awardees of $900M.
08:06 EDTLMTBofA/Merrill's aerospace/defense analyst holds analyst/industry conference call
Aerospace & Defense Analyst Epstein, along with Richard Aboulafia, Vice President of Analysis at Teal Group, preview the upcoming Paris Air Show (6/17-6/23) on an Analyst/Industry conference call. Relevant covered companies BA, BEAV, COL, CR, DGI, ERJ, ESL, GD, GRMN, HEI, HII, HXL, LLL, LMT, NOC, PCP, ROLL, RTN, SPR, TDG, TGI, TXT, UTX, VSAT and WAIR may be included on the Analyst/Industry conference call to be held on June 11 at 10 am.

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