New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 12, 2014
14:01 EDTLMTLockheed Martin awarded $109M contract from U.S. Air Force
Lockheed Martin received a contract from the U.S. Air Force with an initial value of $109M for sustainment of the reentry subsystem for the Minuteman III intercontinental ballistic missile. Lockheed Martin's work will include repair, modification and testing of hardware and software components in the reentry system-reentry vehicle subsystem, as well as related support equipment. The contract is part of the Air Force's Future ICBM Sustainment and Acquisition Construct, which is designed to ensure a safe, secure and reliable Minuteman III weapon system through 2030. The base period of performance for the RS-RV contract is one year, and with options for an additional four years, the total potential contract value is $452M. Lockheed Martin will perform work principally at Hill Air Force Base, where the ICBM System Program Office is located, and in King of Prussia, Pennsylvania.
News For LMT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 16, 2014
17:21 EDTLMTLockheed Martin awarded $308.26M government contract
Subscribe for More Information
December 15, 2014
09:28 EDTLMTLockheed Martin says Air Force approves full rate production for JASSM-ER
The U.S. Air Force has approved full rate production for Lockheed Martin's Joint Air-to-Surface Standoff Missile Extended Range, orJASSM-ER, which successfully completed U.S. Air Force Initial Operational Test and Evaluation flight testing in 2013. During IOT&E, the program had a 95% success rate, scoring 20 successes in 21 flights. Lots 11 and 12 of the JASSM contract awarded in December 2013 included 100 ER missiles.
09:12 EDTLMTLockheed Martin selected to continue building MK 41 for Navy
The U.S. Navy awarded Lockheed Martin a $235M contract to continue building MK 41 Vertical Launch Systems with options that, if exercised, would increase the value to $356M. Under this contract which extends through 2022, Lockheed Martin will produce the launch control units, various electrical boxes and the mechanical structure, and perform final assembly and test. The company is also under contract to conduct repairs, distribute, store and manage spare parts for the MK 41 system for the U.S. Navy.
December 12, 2014
17:36 EDTLMTLockheed Martin awarded $169.3M government contract modification
Subscribe for More Information
17:35 EDTLMTLockheed Martin awarded $235.3M government contract
Lockheed Martin Corp., Mission Systems and Training, Baltimore, Maryland, is being awarded a $235,329,189 firm-fixed-price contract for MK 41 Vertical Launching System electronic and mechanical modules and related equipment. The Naval Sea Systems Command, Washington, District of Columbia, is the contracting activity.
December 9, 2014
10:01 EDTLMTNorthrop Grumman selected by Lockheed Martin to supply navigation system
Subscribe for More Information
December 5, 2014
10:00 EDTLMTOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
07:56 EDTLMTLockheed Martin downgraded at Bernstein
As noted earlier, Bernstein downgraded Lockheed Martin to Market Perform from Outperform. The firm downgraded the stock on valuation. Target $208.
06:53 EDTLMTLockheed Martin downgraded to Market Perform from Outperform at Bernstein

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use