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Stock Market & Financial Investment News

News Breaks
July 9, 2014
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
News For LMT From The Last 14 Days
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October 31, 2014
07:24 EDTLMTU.S. to offer international partners cheaper F-35s, WSJ reports
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October 30, 2014
17:41 EDTLMTLockheed Martin awarded $411.11M government contract modification
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09:02 EDTLMTLockheed Martin to acquire Systems Made Simple
Lockheed Martin has entered into a definitive agreement to acquire Systems Made Simple, a provider of health information technology solutions to the U.S. federal government. The acquisition is expected to close within 30 days.The terms of the agreement were not disclosed and are not material to Lockheed Martin.
October 28, 2014
17:47 EDTLMTLockheed Martin awarded $220.75M government contract modification
Lockheed Martin is being awarded a $220.75M modification to a previously awarded cost-plus-incentive-fee contract. This modification provides for the System Development and Demonstration Phase I Increment 2, to continue support of F-35A Conventional Take Off and Landing, or CTOL, air system for the government of Israel under the foreign military sales program. This modification includes the development and demonstration of the hardware and software for the Israel F-35A CTOL air system. Work will be performed at Fort Worth, Texas, and is expected to be completed in March 2019. Foreign military sales funds in the amount of $77.78M are being obligated on this award, none of which will expire at the end of the current fiscal year.
17:42 EDTLMTLockheed Martin awarded $391.61M government contract
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07:20 EDTLMTTechAmerica Foundation to hold a conference
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October 27, 2014
17:19 EDTLMTLockheed Martin awarded $486.51M government contract modification
Lockheed Martin has been awarded a $486.51M modification to exercise an option year to previously awarded contract FA8611-08-C-2897 for F-22 sustainment activities. Work will be performed at Fort Worth, Texas, and is expected to be completed by Dec. 31, 2015.
October 24, 2014
06:26 EDTLMTLockheed comes to $4B agreement with Pentagon for more F-35s, Reuters says
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October 23, 2014
10:01 EDTLMTOn The Fly: Analyst Upgrade Summary
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08:37 EDTLMTLockheed Martin upgraded at Argus
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08:13 EDTLMTLockheed Martin upgraded to Buy from Hold at Argus
October 22, 2014
17:28 EDTLMTLockheed Martin awarded $110.52M government contract
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08:05 EDTLMTLockheed Martin provides operational support for US border protection
Lockheed Martin is providing operational support for a Persistent Threat Detection System aerostat system that is being evaluated by the Department of Homeland Security Customs and Border Protection along the Southern border of the United States. Currently protecting coalition forces overseas, the U.S. Army uses PTDS to help troops identify threats, track insurgents, and enhance overall readiness for the men and women in theater. With the troop drawdown, more of the systems are becoming available for other uses.
October 21, 2014
16:36 EDTLMTOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed existing homes sales hit their fastest pace in a year during September and Apple (AAPL) gave a better than expected sales forecast for its December quarter. ECONOMIC EVENTS: In the U.S., existing home sales beat estimates in September, rising 2.4% from the prior month to a 5.17M rate. In China, GDP slowed to 7.3% year-over-year growth pace in Q3 from 7.5% in Q2, though that was slightly better than expected. Chinese industrial production expanded at a 8.0% rate in September, which was well above projections and up from 6.9% growth in August. China's retail sales grew 11.6% in September compared to the prior year, which was nearly in-line with expectations. COMPANY NEWS: Shares of Apple rose $2.71, or 2.72%, to $102.47 after the company reported better than expected quarterly results and gave a better than expected forecast for its sales during the holiday quarter. Following last night's report, analysts at Cantor Fitzgerald said the iPhone maker "executed impressively" in Q4 and provided a strong outlook for Q1. The firm, which believes investors should "start thinking more boldly" about the company, raised its price target for shares to $143 from $123 and kept a Buy rating on the stock... Five of the Dow's 30 members reported on their quarterly results this morning and Coca-Cola (KO) was the clear loser in the bunch. The soda giant's shares dropped $2.61, or 6.03%, to $40.68 after its revenue missed expectations, it warned that it now expects to be below its long-term EPS growth target for 2014, and the company announced new cost-saving measures. Among the other four, McDonald’s (MCD) fell 0.63%, Verizon (VZ) added 0.43%, United Technologies (UTX) gained 0.49%, and Travelers (TRV) rose 1.12%. MAJOR MOVERS: Among the notable gainers following their earnings reports were medical equipment manufacturer Waters (WAT), which rose $9.63, or 9.87%, to $107.17, and motorcycle maker Harley-Davidson (HOG), which advanced $4.27, or 7.31%, to $62.65. Among the noteworthy losers was Ocwen Financial (OCN), which plunged $4.78, or 18.2%, to $21.48 after the company was called out by the New York Department of Financial Services for erroneously dated letters to borrowers. Benjamin Lawsky, the Superintendent for the NYDFS, stated in his letter to the company that if his department concludes it cannot trust Ocwen's systems and processes, "then it cannot trust Ocwen is complying with the law." Also lower following their earnings reports were Mexican restaurant operator Chipotle (CMG), which fell $45.48, or 6.96%, to $607.55, and defense contractor Lockheed Martin (LMT), which slid $2.92, or 1.66%, to $172.61. INDEXES: The Dow gained 215.14, or 1.31%, to 16,614.81, the Nasdaq advanced 103.40, or 2.4%, to 4,419.48, and the S&P 500 rose 37.27, or 1.96%, to 1,941.28.
07:32 EDTLMTLockheed Martin reports Q3 Aeronautics sales down 2% to $3.54B
Reports Q3 Information Systems & Global Solutions sales down 5% to $1.95B; Reports Q3 Missiles and Fire Control sales down 5% to $1.91B; Reports Q3 Mission Systems and Training sales down 1% to $1.68B; Reports Q3 Space Systems sales up 4% to $2.03B.
07:28 EDTLMTLockheed Martin expects FY15 sales to decline at low single digit rate
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07:27 EDTLMTLockheed Martin raises FY14 EPS to $11.15 from $10.85-$11.15, consensus $11.14
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07:26 EDTLMTLockheed Martin reports Q3 cash from operations was $990M
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07:25 EDTLMTLockheed Martin reports Q3 EPS cont ops $2.76, consensus $2.71
Reports Q3 revenue $11.11B, consensus $11.28B
October 20, 2014
15:36 EDTLMTNotable companies reporting before tomorrow's open
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