Aerospace & Defense

Lockheed Martin Corporation (NYSE: LMT) is slated to release third-quarter 2024 results on Oct. 22, before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $17.28 billion, implying 2.4% growth from the year-ago quarter's reported figure. The consensus mark for third-...

Lockheed Martin Corp. (NYSE: LMT) announced that its board of directors approved a 4.8% hike in its quarterly dividend to $3.30 per share, marking the 22nd consecutive annual dividend hike. The revised quarterly dividend is payable on Dec. 27, 2024, to shareholders of record at the close of the...

Lockheed Martin Corp.'s (NYSE: LMT) business segment, Space Systems, recently clinched a modification contract for manufacturing its Trident II D5 missile. Per the terms of the deal, Lockheed will also offer deployed systems support and Warhead 93/Mark7 development for Trident II D5 missile....

HEICO Corporation (NYSE: HEI) recently signed a contract to acquire Marway Power Solutions, Inc. The acquiree provides the design and construction of power distribution solutions for mission-critical systems used in defense, aerospace, communications, test and measurement, and industrial...

Lockheed Martin Corporation's (NYSE: LMT) unit, Sikorsky Aircraft, recently secured an $84.3 million contract to supply eight gearbox assemblies for the CH-53K helicopters. The work will be carried out in Stratford, CT, and is set to be completed by December 2028. The contract will serve the U....

L3Harris Technologies (NYSE: LHX) announced that it has received a five-year contract, worth $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy's Aerial Electronic Attack capability. Details of LHX's New Contract The Next Generation Jammer-Low Band (...

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) recently announced that its unit, Technical Directions, Inc. ("TDI"), now offers four classes of its low-cost, high-performance turbojet engines ranging from 30 to 200 pounds of thrust with immediate availability. The TDI-J45 30...

RTX Corp.'s (NYSE: RTX) business segment, Pratt & Whitney, recently clinched a modification contract for the F-35 fighter jet's propulsion system. The award has been offered by the Naval Air Systems Command, Patuxent River, MD. Details of the Deal Valued at $111.9 million, the contract...

This story was first published on the Benzinga India portal. U.S. defense manufacturing giant Lockheed Martin (NYSE: LMT) and Tata Advanced Systems have agreed to work on a tactical military aircraft together in India. What Happened: The two entities have decided to broaden...

Lockheed Martin Corporation (NYSE: LMT), alongside other contractors, including Elon Musk's SpaceX, is reportedly facing development challenges that have led NASA to postpone its Artemis moon program. Consequently, NASA has now scheduled its first astronaut lunar landing in half...

The Vulcan rocket, a collaborative effort between Boeing Company (NYSE: BA) and Lockheed Martin Corporation (NYSE: LMT), is reportedly set to make its inaugural launch as early as next week, attracting the attention of several billionaires.  Positioned as a...

Terran Orbital Corp (NYSE: LLAP), a prominent player in the small satellite sector, is conducting a formal review of strategic alternatives. The regulatory disclosure follows an earlier WSJ report that Terran has attracted interest from potential strategic and...

Boeing Co (NYSE: BA) is planning a 35,000-square-foot expansion of its Huntsville factory that produces the Patriot Advanced Capability-3 (PAC-3) seeker. The expansion is expected to increase Boeing's annual PAC-3 seeker production by more than 30%. Seeker provides guidance data...

(Tuesday market open) Early earnings results continued to impress but major indexes flagged in premarket trading Tuesday as Treasury yields swung higher after unexpectedly strong September U.S. Retail Sales raised concerns about another possible rate hike. Earnings from Goldman...

Lockheed Martin Corp (NYSE: LMT) reported third-quarter FY23 net sales growth of 1.8% year-over-year to $16.88 billion, above the consensus of $16.73 billion. Adjusted EPS of $6.77 (-1.5% Y/Y) topped the consensus of $6.67. The gross margin contracted 65 bps to 12.13%. The...