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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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September 3, 2015
05:56 EDTLMTBoeing, Northrop Grumman submit designs for Air Force bomber, Bloomberg reports
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September 1, 2015
17:37 EDTLMTLockheed Martin awarded $311.4M government contract
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August 31, 2015
17:35 EDTLMTLockheed Martin awarded $430.88M government contract
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August 26, 2015
16:26 EDTLMTOn The Fly: Top stock stories for Wednesday
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11:08 EDTLMTOshkosh upgraded after JLTV contract win, but BofA says 'sell the news'
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06:13 EDTLMTBAE Systems loses multibillion dollar bid to build new Humvee, U.K. Times says
BAE Systems (BAESY) has lost out on a bid to build new Humvees for the U.S. Army, The U.K. Times. The Army selected Oshkosh (OSK) for the $6.7B contract over BAE, which was part of a consortium led by Lockheed Martin (LMT), and AM General, which built the original Humvees. Reference Link
August 24, 2015
08:33 EDTLMTOrbital ATK signs contract with Lockheed to produce propellant tanks
Orbital ATK (OA) announced that it recently signed a contract with Lockheed Martin (LMT) to produce propellant and pressurant tanks for Lockheed Martin's updated A2100 satellite platform. The five-year contract continues a 20-year relationship between Orbital ATK and Lockheed Martin for satellite fuel tanks produced by the company's Space Systems Group in Commerce, California. Under this new contract, which extends through March 2020, Orbital ATK will produce all of the modernized A2100 flight sets for the next five years.

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