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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
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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.
August 20, 2015
10:00 EDTLMTOn The Fly: Analyst Upgrade Summary
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08:51 EDTLMTLockheed Martin upgraded on free cash flow outlook at Sterne Agee CRT
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06:03 EDTLMTLockheed Martin upgraded to Buy from Neutral at Sterne Agee CRT
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August 19, 2015
10:10 EDTLMTCiti says Army contract could be worth $30B, ups Oshkosh to Buy
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August 18, 2015
10:01 EDTLMTMaterion announces initial delivery of AlBeCast castings to Lockheed Martin
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August 17, 2015
09:29 EDTLMTLockheed Martin and Weibel Scientific partner for ballistic missile project
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