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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.
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August 27, 2014
17:33 EDTLMTLockheed Martin awarded $122.22M government contract modification
Lockheed Martin is being awarded a $122.22M modification to a previously awarded F-35 Lightning II Low Rate Initial Production, or LRIP, Lot VI cost-plus incentive fee contract for the procurement of support equipment for the F-35 aircraft such as sensor covers, tool sets, vacuum clamp sets, and heat gun assemblies. Work is expected to be completed in November 2016. Fiscal 2012 aircraft procurement funds in the amount of $122.22M will be obligated at time of award, all of which will expire at the end of the current fiscal year.
August 25, 2014
18:03 EDTLMTLockheed Martin and Electro Optic Systems to develop space debris tracking site
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09:01 EDTLMTLockheed Martin buys Sun Catalytix assets, terms not disclosed
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August 22, 2014
07:16 EDTLMTLockheed, suppliers aim to cut F-35 expenses, Reuters says
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August 20, 2014
14:07 EDTLMTAstrotech Corporation to sell assets of Astrotech Space Operations business unit
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August 18, 2014
09:31 EDTLMTLockheed Martin receives contract from US Navy to test FROTIS exoskeletons
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