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Stock Market & Financial Investment News

News Breaks
June 3, 2014
10:17 EDTLMTLockheed receives contract for MK 41 Vertical Launching System
The U.S. Navy recently awarded Lockheed Martin a contract to provide engineering design services for the MK 41 Vertical Launching System that helps protect the fleet from numerous naval warfare threats. This $10M cost-plus-fixed-fee contract includes options, which if exercised would bring the total contract value to $182M. This contract combines purchases for the U.S. Navy and eight allied navies under the Foreign Military Sales program. Included in the work is missile integration, software development, integration of VLS into new ships, technical refresh, systems engineering and life cycle support for MK 41 VLS. These services will also be done on the U.S. Navy's Ticonderoga-class cruisers and Arleigh Burke-class guided missile destroyers. The work will be performed at Lockheed Martin's locations in Baltimore, Maryland, and Ventura, California.
News For LMT From The Last 14 Days
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November 21, 2014
17:07 EDTLMTLockheed Martin awarded $4.12B government contract modification
Lockheed Martin Corp., Lockheed Martin Aeronautics, is being awarded a $4.12B modification to a previously awarded fixed-price-incentive firm-target contract for the production of 43 Low Rate Initial Production Lot VIII F-35 Lightning II aircraft.
10:00 EDTLMTOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Best Buy (BBY) upgraded to Outperform from Market Perform at Telsey Advisory... BlackRock (BLK) upgraded to Outperform from Market Perform at Bernstein... Cerner (CERN) upgraded to Outperform from Market Perform at Cowen... Community Health (CYH) upgraded to Outperform from Market Perform at Raymond James... Lockheed Martin (LMT) upgraded to Neutral from Sell at UBS... Teekay Offshore Partners (TOO) upgraded to Buy from Neutral at Citigroup... Trinity Industries (TRN) upgraded to Buy from Neutral at Longbow... Zebra Technologies (ZBRA) upgraded to Overweight from Neutral at JPMorgan... Ross Stores (ROST) upgraded to Hold from Sell at Maxim... St. Jude Medical (STJ) upgraded to Outperform from Market Perform at Cowen... Wolverine World Wide (WWW) upgraded to Buy from Neutral at DA Davidson... D.R. Horton (DHI) upgraded to Market Perform from Underperform at Raymond James... KB Home (KBH) upgraded to Market Perform from Underperform at Raymond James... Sony (SNE) upgraded to Overweight from Neutral at JPMorgan.
05:53 EDTLMTLockheed Martin upgraded to Neutral from Sell at UBS
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November 14, 2014
06:15 EDTLMTLockheed Martin pursuing new markets amid cuts in weapons budget, WSJ reports
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November 13, 2014
07:38 EDTLMTBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
November 11, 2014
10:05 EDTLMTLockheed Martin awarded $40.3M contract from US Air Force
Lockheed Martin received a $40.3M contract from the U.S. Air Force for follow-on production of Paveway II Plus Laser Guided Bomb kits. The contract represents the majority share of fiscal year 2014 funding and the eighth award under the five-year indefinite delivery, indefinite quantity contract. Deliveries will begin in June 2015 and will include computer control groups and airfoil groups for GBU-10 and GBU-12 bombs. The Paveway II Plus LGB kits incorporate an upgraded laser guidance package, significantly improving overall system performance and precision.
November 10, 2014
15:43 EDTLMTAmerican Petroleum Institute to hold a conference
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