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Stock Market & Financial Investment News

News Breaks
January 23, 2014
06:28 EDTLMTLockheed Martin reports Q4 EPS with-items $1.50, consensus $1.95
Reports Q4 revenue $11.5B, consensus $11.34B. Q4 net earnings from continuing operations included special charges for a non-cash goodwill impairment charge of $195M, net of state tax benefits, which reduced earnings by $176M, or 54c per diluted share, and workforce reductions of $171M, net of state tax benefits, which reduced earnings by $111M, or 34c per diluted share. Net earnings from continuing operations also included FAS/CAS pension expense of $120M, which reduced earnings by $74M, or 23c per diluted share.
News For LMT From The Last 14 Days
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August 3, 2015
09:16 EDTLMTLockheed Martin partners to develop microelectronic devices
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July 31, 2015
15:33 EDTLMTNorthrop Grumman MADL validated as combat ready with U.S. Marine Corps
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13:52 EDTLMTLockheed's F-35B declared operational for deployment by Marines, CNBC says
CNBC says in a tweet that the U.S. Marines has declared Lockheed Martin's F-35B aircraft operational for worldwide deployment. Reference Link
July 30, 2015
10:02 EDTLMTLockheed Martin tests design changes for Orion fairing separation system
Lockheed Martin said its engineers have successfully completed testing of design changes made to the NASA Orion spacecraft's fairing separation system. These changes resulted from data collected during Orion's first test flight on December 5, 2014. The separation took about three seconds and the design changes tested were: New push-off springs that push on the fairing for a longer period of time to provide increased safety and reliability. As part of an ongoing mass reduction effort, the team used four crew module structural attachments instead of six. Star trackers, or cameras that provide positioning from the stars, are used for navigation on the spacecraft. The fairing separation system pulls off the star tracker covers which prevent contamination before launch, and this process was tested for the first time.
July 29, 2015
13:22 EDTLMTU.S. OKs potential sale of $5.4B in PAC-3 missiles to Saudi Arabia, Reuters says
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10:36 EDTLMTLockheed Martin launches healthcare technology alliance
Lockheed Martin (LMT) announced the formation of a new healthcare technology alliance, combining the expertise of health IT providers, medical technology companies, and academic institutions to advance public health. The Lockheed Martin Healthcare Technology Alliance's founding members include: Cisco (CSCO), Cloudera, Illumina (ILMN), Intel (INTC) and Montgomery College. The members of the Lockheed Martin Healthcare Technology Alliance will collaborate on technology solutions that help improve care in rapidly evolving and growing areas of health technology such as those that: secure patient medical information; leverage advances in genomic research; and apply big data solutions to improve public health.
July 28, 2015
13:45 EDTLMTLockheed F-35s show poor reliability in tests, Bloomberg reports
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July 26, 2015
19:09 EDTLMTUnited Technologies says DoJ opens criminal investigation of Sikorsky
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July 24, 2015
16:30 EDTLMTStocks end week lower as Apple headlines busy week of earnings
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10:06 EDTLMTLockheed Martin confirms $1.5B Patriot missile contract
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July 23, 2015
17:33 EDTLMTLockheed Martin awarded $1.56B government contract modification
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09:16 EDTLMTLockheed Martin awarded $154M contract by U.S. Navy
Lockheed Martin has been awarded a $154M contract by the U.S. Navy to upgrade the fleet's electronic warfare defenses against evolving threats.
July 22, 2015
08:35 EDTLMTCompanies' Low Cost Terminal project completes Critical Design Review stage
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06:56 EDTLMTContractor mergers, sales fueled by government spending cuts, Reuters says
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July 21, 2015
08:35 EDTLMTUnited Technologies sees Sikorsky transaction to close around year end
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06:53 EDTLMTUnited Technologies eyes takeovers after Sikorsky deal, Reuters says
United Technologies (UTX), following a deal to sell its Sikorsky helicopter unit to Lockheed Martin (LMT), is expected to seek acquisition targets, Reuters says, citing analysts from Sterne Agee and Edward Jones. United Technologies said it planned to use SIkorsky's profit contribution to repurchase shares, the report says, though Sterne Agee analyst Peter Arment says that the sale gives United Tech the flexibility needed to pursue acquisitions. Reference Link

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