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Stock Market & Financial Investment News

News Breaks
June 8, 2014
18:20 EDTNOC, LMT, RTNRaytheon, Lockheed Martin, Northrop Grumman could see cutbacks, Barron's says
The increase in healthcare costs could cause further government cutbacks which could crimp revenues for Raytheon (RTN), Lockheed Martin (LMT), and Northrop Grumman (NOC), Barron's contends in a feature article. Reference Link
News For RTN;LMT;NOC From The Last 14 Days
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December 22, 2014
08:31 EDTRTNRaytheon awarded $2.4B contract to provide Quatar with Patriot defense system
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December 19, 2014
17:12 EDTRTNRaytheon awarded $2.4B government contract
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13:31 EDTLMTLockheed Martin wins $308M Taiwan deal, Defense News says
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December 17, 2014
17:18 EDTRTNRaytheon awarded $344.34M government contract
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December 16, 2014
17:21 EDTLMTLockheed Martin awarded $308.26M government contract
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17:21 EDTNOCNorthrop Grumman awarded $657.4M government contract
Northrop Grumman Systems has been awarded a $657.4M hybrid contract including firm-fixed-price, cost-plus-incentive-fee and cost-plus-fixed-fee undefinitized contract action for aircraft for the Republic of Korea. Contractor will provide four RQ-4B Block 30 Global Hawk air vehicles, two spare engines, and the applicable Ground Control Environment elements. Each will contain an Enhanced Integrated Sensor Suite. Work will be performed at San Diego, California, and is expected to be complete by June 28, 2019. This contract involves foreign military sales. This award is the result of a sole-source acquisition.
December 15, 2014
17:01 EDTNOCNorthrop Grumman names Carl Hahn Chief Compliance Officer
Northrop Grumman has named Carl Hahn vice president, chief compliance officer, effective Jan. 15. Hahn is succeeding Judy Perry Martinez, who will be retiring, and will report to Sheila C. Cheston, corporate vice president and general counsel.
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 11, 2014
15:35 EDTNOCNorthrop Grumman renews service contract with Carisbrooke Shipping
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December 10, 2014
08:01 EDTRTNRaytheon awarded $26M US Navy contract for Tomahawk launching system
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December 9, 2014
10:01 EDTNOC, LMTNorthrop Grumman selected by Lockheed Martin to supply navigation system
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07:45 EDTRTNRaytheon, BAE asked to increase shipbuilding role in Australia, Reuters reports
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December 8, 2014
16:36 EDTNOCNorthrop Grumman CFO Palmer to retire, Kenneth Bedingfield elected CFO
Northrop Grumman announced that its board has elected Kenneth L. Bedingfield, corporate vice president and CFO, effective after the company files its 2014 annual report. Bedingfield will succeed James F. Palmer, who has announced his intention to retire in 2015. The company expects to file its annual report in February 2015, at which time Palmer will continue as a corporate vice president with the company until he retires in the summer of 2015. This will facilitate an orderly transition. Bedingfield joined Northrop Grumman in 2011.

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