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Stock Market & Financial Investment News

News Breaks
February 9, 2012
10:21 EDTLMT, OPTT
theflyonthewall.com: Study says oceans could supply over half of U.S. energy, Forbes reports
A government-sponsored study says that the oceans surrounding the U.S. have enough energy to potentially supply over half the nation’s electricity demand, according to a Forbes report yesterday, but only 5 MW, or enough to light about 4K homes, is currently being exploited. The article highlights advances that may change that, specifically discussing the partnership between Lockheed Martin (LMT) and Ocean Power Technologies (OPTT). Reference Link :theflyonthewall.com



News For OPTT;LMT From The Last 14 Days
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May 25, 2012
12:38 EDTLMT
theflyonthewall.com: South Korea to award $6.7B fighter deal in October, Agence France Presse.says

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May 24, 2012
07:22 EDTLMT
theflyonthewall.com: Senator Reid holding ground on defense cuts, Politico says

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May 23, 2012
10:01 EDTLMT
theflyonthewall.com: Lockheed Martin wins role on U.S. Air Force Medical Service contract

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May 22, 2012
13:37 EDTLMT
theflyonthewall.com: Lockheed Martin reaches new contract with UAW union
The International Union, United Automobile, Aerospace and Agricultural Implement Workers of America ratified a new master labor agreement with Lockheed Martin covering approximately 650 workers at three sites. The new five-year agreement, ratified over the weekend, becomes effective immediately. The company and union negotiated a new agreement that provides competitive wages over the next five years through a combination of a $2,000 ratification bonus, three general wage increases, two lump sum payments and cost of living adjustments, while enhancing member job security. :theflyonthewall.com

May 20, 2012
09:48 EDTLMT
theflyonthewall.com: Lockheed Martin Aeronautics reaches new contracts with two unions
Members of the International Brotherhood of Electrical Workers, IBEW, and the Office and Professional Employees International Union, OPEIU, have ratified new labor agreements with Lockheed Martin [NYSE: LMT] Aeronautics in Fort Worth. The new agreements become effective Monday, May 21 and will extend for four and five years, respectively. :theflyonthewall.com
09:45 EDTLMT
theflyonthewall.com: Lockheed Martin flight services employees agree to new contract

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May 18, 2012
12:35 EDTLMT
theflyonthewall.com: House votes to sell planes to Taiwan, Defense News says
The House of Representatives voted yesterday to force the Obama administration to authorize the sale of 66 of Lockheed Martin's (LMT) F-16C/D planes to Taiwan, according to Defense News. Reference Link :theflyonthewall.com

May 16, 2012
10:36 EDTLMT
theflyonthewall.com: House subcommittee recommends $5.3B boost to weapons funding, Defense News says

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09:23 EDTLMT
theflyonthewall.com: BofA/Merrill's Head of U.S. Equity & Quantitative Strategy holds conference call

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09:15 EDTLMT
theflyonthewall.com: BofA/Merrill's aerospace & defense analyst holds a conference call

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04:59 EDTLMT
theflyonthewall.com: Lockheed Martin Orbits 100th and 101st commercial geo satellites
The 100th and 101st Lockheed Martin commercial geostationary communication satellites have been successfully placed in orbit after a dual launch aboard an Ariane 5-ECA launch vehicle. Both satellites are based on Lockheed Martin's A2100 geosynchronous satellite series. Both satellites will undergo on-orbit checkout over the next few months prior to the start of operations. VINASAT-2 is scheduled to be handed over to VNPT in late June and JCSAT-13 will be turned over to SKY Perfect JSAT in mid July. :theflyonthewall.com

May 15, 2012
13:48 EDTLMT
theflyonthewall.com: Pentagon limiting flights of Lockheed F-22 due to oxygen problems, AP reports

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07:48 EDTLMT
theflyonthewall.com: Jacobs Engineering, Lockheed Martin joint venture concludes AWE pricing
Jacobs Engineering (JEC) announced that AWE Management Limited, in which it has a one third share, has concluded the arrangements for the next pricing period regarding the contract to Manage and Operate the Atomic Weapons Establishment in the United Kingdom. Formed in 2000, AWE ML is a joint venture between Jacobs, Lockheed Martin (LMT) and Serco to manage AWE plc on behalf of the UK Ministry of Defence. The conclusion of recent negotiations is an important milestone although the contract has no material changes. The new arrangements will take effect from April 2013 and run through to March 2018. The total value to AWE ML is an average of around $1.59B per year with approximately 40% to be invested in capital projects. :theflyonthewall.com

May 14, 2012
12:07 EDTLMT
theflyonthewall.com: U.S. special ops looking to build worldwide network, Defense News reports

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