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Stock Market & Financial Investment News

News Breaks
July 1, 2014
08:36 EDTLMTLockheed Martin to freeze pension plan
Lockheed Martin announced that it will freeze its salaried defined benefit pension plan and transition employees to an enhanced defined contribution retirement plan. The change will take effect in a two-step approach, beginning on January 1, 2016 with the freeze of pay-based benefits and concluding with the freeze of service-based benefits on January 1, 2020. The company expects that the plan will be fully frozen effective January 1, 2020. When the freeze is complete, the majority of Lockheed Martin salaried employees, including approximately 25,000 not in the pension plan, will have transitioned to a retirement plan that offers up to 10 percent of employees' salary annually in company contributions. The company expects that these changes will have no impact on Q2 earnings results. FY14 estimates for pension expense calculated under Financial Accounting Standards will be updated and communicated when the company reports second quarter results on July 22.
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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