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Stock Market & Financial Investment News

News Breaks
May 12, 2014
09:02 EDTXLS, LMTExelis receives follow-up contract from Lockheed unit for $8.4M
Exelis (XLS) recently received a follow-on contract valued at $8.4M from Lockheed Martin's (LMT)Aeronautics company, Fort Worth, Texas, to supply Continuous Wave Illuminator subsystems for F-16 Fighting Falcon aircraft. The Exelis CWI subsystem is a transmitter that works with the F-16ís fire control radar and mission computer to provide guidance for semi-active missiles. Using radio frequency energy, the system illuminates airborne targets to increase accuracy and ensure the missile finds its intended target. Exelis in Clifton, New Jersey, will perform the manufacturing work under this contract, with deliveries to be completed in FY17. The initial contract award, for $9.4M, was received in September 2012.
News For XLS;LMT From The Last 14 Days
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March 30, 2015
12:28 EDTLMTLockheed Martin wins South Korean fighter jet contract, Reuters says
South Korea has selected Lockheed Martin (LMT) to develop a mid-level fighter jet in partnership with Korea Aerospace Industries for $7.9B, reports Reuters, citing statements from the Defense Acquisition Program Administration. The two companies beat out a bid from Korean Air Lines and Airbus (EADSY), notes Reuters. Reference Link
10:03 EDTXLSHarris re-files notification, report form with DOJ on Exelis merger
As previously disclosed, on February 5, Harris Corporation (HRS) entered into an agreement and plan of merger with Exelis (XLS) and filed the notification and report forms required under the HSR Act with the Department of Justice and the Federal Trade Commission on February 24. Harris stated in a regulatory filing that on March 20 the company withdrew the Initial Filing, and on March 24, Harris re-filed the notification and report form with the DOJ and the FTC. Due to the re-filing, the waiting period under the HSR Act is currently scheduled to expire on April 23, unless otherwise extended or terminated. Harris continues to expect the closing of the transaction to occur in June, the company noted.
March 27, 2015
17:08 EDTLMTLockheed Martin awarded $485M government contract
Lockheed Martin Missiles and Fire Control, Orlando, Florida, has been awarded a $485M firm fixed price with minimal cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract. Contractor will provide multiple Sniper advanced targeting pods including initial spares, 1K forward-looking infrareds, and two-way data links. It also includes other items as specified in the contract. Work will be performed at Orlando, Florida, and is expected to be complete by March 26, 2018. This contract involves foreign military sales. This award is the result of a sole-source acquisition. Air Force Life Cycle Management Center, Robins Air Force Base, Georgia, is the contracting activity.
March 25, 2015
06:34 EDTLMTLockheed Martin likely to miss out on portion of F-35 incentive fee, WSJ says
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March 23, 2015
10:24 EDTLMTRADA Electronic selected by Lockheed Martin for laser weapon research projects
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08:13 EDTLMTBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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08:01 EDTLMTBofA/Merrill industrials/EU autos analysts hold analyst/industry conference call
Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
07:35 EDTLMTLockheed working to resolve technical error with GPS satellites, Reuters says
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March 17, 2015
14:41 EDTLMTLockheed Martin nearing F-16 upgrade deal with Singapore, Defense News says
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07:18 EDTLMTSatellite & Access Intelligence to hold a exhibition
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