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Stock Market & Financial Investment News

News Breaks
May 12, 2014
09:02 EDTLMT, XLSExelis 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-16’s 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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February 27, 2015
18:10 EDTLMTLockheed Martin, United Technologies JV awarded $2B government contract
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06:33 EDTXLSExelis reports Q4 C4ISR Electronics and Systems revenue up 2% to $636M
Reports Q4 Information and Technical Services revenue down 1% to $297M. Reports book-to-bill ratio of greater than 1.0x.
06:32 EDTXLSExelis reports Q4 adjusted EPS 47c, consensus 45c
Reports Q4 revenue $933M , consensus $912.12M
February 26, 2015
15:30 EDTXLSNotable companies reporting before tomorrow's open
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February 25, 2015
12:31 EDTLMTLockheed Martin awarded two Navy contracts totalling $90M
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February 24, 2015
17:19 EDTLMTLockheed Martin awarded $129M government contract modification
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09:08 EDTXLSExelis signs agreement with Saab Aeronautics for 214 PMELs
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February 23, 2015
13:30 EDTLMTIsrael to purchase another 14 of Lockheed Martin's F-35s, Globes says
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09:31 EDTXLSExelis receives $7.6M contract from ADS
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06:42 EDTLMTLockheed Martin to pay $62M to settle retirement plan lawsuit, WSJ says
Lockheed Martin will pay $62M to settle a civil suit alleging its 401(k) plan charged unreasonable fees, reports the Wall Street Journal, citing legal filings and company statements. As part of the settlement, Lockheed will also have to submit monthly evaluations of certain aspects of its plan, offer new low-cost funds, and solicit bids from at least three large firms to serve as administrative managers of the company's retirement plans. Reference Link
February 19, 2015
09:59 EDTXLSExelis awarded $10.7M contract by DARPA
Exelis has been awarded a $10.7M contract by the Defense Advanced Projects Research Agency, or DARPA, to develop a new multifunctional chip for airborne radio applications. The contract is part of an overall effort to enable secure communications and keep battlefield networks ahead of emerging electronic threats. Along with improving the security and jam-resistance of airborne radio communications, the Exelis chip will pioneer a new architecture known as “interface awareness,” which aims to improve the standardization of radio subsystems and allow radio components to be re-engineered to meet different requirements without the need to develop entire systems.
09:38 EDTLMTLockheed Martin says getting 'very excited' for laser weapon development
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09:13 EDTLMTLockheed says international growth would still be fairly healthy excluding F-35
Lockheed says F-35 makes up "lion's share" of growth internationally and domestically. Lockheed Martin CFO Bruce Tanner is speaking at the Barclays Industrial Select Conference.
07:46 EDTLMTAustralia opens bids for $8B armored vehicle defense contract, WSJ says
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05:55 EDTLMTLockheed Martin on track to cut cost of F35 jets by 30%, Financial Times reports
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February 18, 2015
16:06 EDTLMTLockheed Martin names Dana Jackson as Chief Technology Officer
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