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Stock Market & Financial Investment News

News Breaks
August 8, 2014
18:02 EDTLMTLockheed Martin awarded $193.6M government contract modification
Lockheed Martin Mission Systems and Training, Moorestown, New Jersey, has been awarded a $193,610,317 modification to previously awarded contract number HQ0276-10-C-0001 for procurement of necessary material, equipment, and supplies to conduct the technical engineering to define, develop, integrate and test Aegis Ballistic Missile Defense 4.1 and 5.0 Capability Upgrade baselines through their respective certifications. This modification brings the total cumulative face value of the contract to $2,002,542,722 from $1,808,932,405. Work will be performed at Moorestown, New Jersey, with an expected completion date of May 31, 2016. Fiscal 2014 research, development, test and evaluation funds in the amount of $19,500,000 are being obligated at time of award. The Missile Defense Agency, Dahlgren, Virginia, is the contracting activity.
News For LMT From The Last 14 Days
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December 19, 2014
13:31 EDTLMTLockheed Martin wins $308M Taiwan deal, Defense News says
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December 16, 2014
17:21 EDTLMTLockheed Martin awarded $308.26M government contract
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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
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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
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December 5, 2014
10:00 EDTLMTOn The Fly: Analyst Downgrade Summary
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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

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