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Stock Market & Financial Investment News

News Breaks
June 30, 2014
08:03 EDTLMTLockheed Martin to acquire Zeta Associates
Lockheed Martin has entered into a definitive agreement to acquire Zeta Associates. The terms of the agreement were not disclosed and are not material to Lockheed Martin. Subject to the satisfaction of customary closing conditions, the transaction is expected to close in the third quarter of 2014. Upon closing, Zeta Associates will be a wholly-owned subsidiary of Lockheed Martin reporting through the corporation's Space Systems business area.
News For LMT From The Last 14 Days
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July 21, 2014
09:31 EDTLMTLockheed to provide mission, flight crew operations support to NASA
As part of an SGT-led team, Lockheed Martin will provide mission and flight crew operations support to NASA for the International Space Station and future human space exploration. These support services within the Integrated Mission Operations Contract II are critical to the operation of all NASA human spaceflight missions. Under IMOC II, Lockheed Martin will provide expertise to support mission planning and preparation, crew and flight controller training and real-time mission execution at NASA's Johnson Space Center in Houston. Lockheed Martin also will provide ground-based human spaceflight services for the Orion Multi-Purpose Crew Vehicle, for which Lockheed Martin is the prime contractor, and new commercial cargo vehicles.
July 18, 2014
17:27 EDTLMTLockheed Martin awarded $564.7M government contract modification
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July 17, 2014
06:41 EDTLMTDefense Department to seek rival bids for satellite launches, WSJ reports
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July 16, 2014
08:03 EDTLMTLockheed Martin receives letter of intent for up to 10 LM-100J freighters
Lockheed Martin signed a Letter of Intent with ASL Aviation Group for an order of up to 10 LM-100J commercial freighters, a civil-certified variant of the C-130J Super Hercules .
July 15, 2014
18:41 EDTLMTF-35 Farnborough debut cancelled due to engine fire, WSJ says
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11:21 EDTLMTLockheed Martin opens U.K. space technology office
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07:17 EDTLMTFarnborough International to hold air show
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06:56 EDTLMTU.S. officials remove grounding order for Lockheed F-35s, Reuters says
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July 14, 2014
17:21 EDTLMTLockheed Martin awarded $278.65M government contract modification
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12:46 EDTLMTBAE goes against Lockheed for $10B F-16 revamp work, Reuters says
BAE Systems (BAESY) anticipates to win more than half of the $10B market to upgrade F-16 fighter jets, saying its cost-effective offering could give it a leg-up in the fight against Lockheed Martin (LMT), according to Reuters, citing comments from BAE Systems' vice president for global fighter programs John Bean. Reference Link
11:01 EDTLMTLockheed Martin receives $212M contract
Lockheed Martin received a contract award recently totaling $212M from the U.S. Army Aviation and Missile Command for Patriot Advanced Capability-3 Maintenance & Surveillance services to U.S. and international PAC-3 customers from the Missile Support Center. These Maintenance and Surveillance services will begin immediately at Lockheed Martin facilities in the U.S.
06:37 EDTLMTLockheed Martin to invet on offshoot of joint strike fighter program, WSJ says
Lockheed Martin is set to invest in a new offshoot of its C-130J military transport plane called SeaHerc in a push for more export orders, reports the Wall Street Journal. In an interview, CEO Marillyn Hewson said the company is trying to interest countries such as Canada and the U.K., saying that they are in the midst of discussions with customers with "strong interest in the capability." Reference Link
July 13, 2014
16:40 EDTLMTDefense officials see no systematic flaws in Lockheed F-35, Bloomberg says
U.S defense officials see no broad safety issues with Lockheed Martin's F-35 Joint Strike Fighter after an engine fire resulted in the grounding of the fleet, says Bloomberg. Reference Link
July 10, 2014
13:58 EDTLMTPentagon says F-35 fire may have been isolated incident, The Hill says
A fire on an F-35 Joint Strike Fighter plane may have been an isolated incident, and not indicative of a systemic problem, the Pentagonís chief weapons buyer told lawmakers today, according to The Hill. The Pentagon has grounded the planes, which are made by Lockheed Martin (LMT) and United Technologies (UTX). Reference Link
08:12 EDTLMTPratt & Whitney, U.S. government close to $2B engine deal, WSJ reports
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July 9, 2014
11:16 EDTLMTAeroVironment rallies after better than expected results
Shares of AeroVironment (AVAV), which develops a portfolio of products and services for unmanned aircraft and efficient energy systems, are rallying after the company reported better than expected fourth quarter results. WHAT'S NEW: Last night, AeroVironment reported Q4 EPS of 35c and revenue of $73.5M, compared to analysts' consensus estimates of 22c and $69.62M, respectively. WHAT'S NOTABLE: The company forecast fiscal 2015 revenue of $250M-$270M, compared to consensus of $256.2M, along with gross profit margins of 34.5%-37.5%. The company noted that planned increases in research and development and business development investments for Tactical Missile Systems, Commercial UAS and Global Observer business areas in FY15 may largely offset operating profit in the current fiscal year. PRICE ACTION: In morning trading, AeroVironment soared $4.49, or 14.5%, to $35.45 on nearly five times its average daily trading volume. Including today's advance, the stock is up more than 70% over the past 12 months. OTHERS TO WATCH: Other companies in the unmanned aircraft space include Lockheed Martin (LMT), General Dynamics (GD), and Northrop Grumman (NOC), though all of those are significantly larger than AeroVironment.
06:54 EDTLMTPentagon says no decision yet on F-35s air show attendance, Reuters says
Pentagon press secretary Rear Admiral John Kirby said that a choice has not been made yet on whether to send a group of Lockheed Martin F-35 Joint Strike Fighters to Britain for the plane's international debut at two air shows after the fleet was grounded in response to an engine fire, according to Reuters, citing comments from Kirby. Kirby said, "A decision will be coming pretty soon." Reference Link
July 8, 2014
08:52 EDTLMTGCS to work with Lockheed Martin
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08:36 EDTLMTUncertain if F-35s will fly in time for shows, The Hill says
The Pentagon's decision to ground its fleet of F-35 Joint Strike Fighters, built by Lockheed Martin (LMT) and United Technologies (UTX), comes ahead of two major air shows scheduled for next week, according to The Hill. Officials said yesterday that it's uncertain if the planes will be allowed to fly in time for the shows, the newspaper added. Reference Link
07:32 EDTLMTSemiconductor Equipment & Materials International to hold a conference
SEMICON West to be held in San Francisco on July 8-10.
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