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US Navy Gives Lockheed Martin's Wallet A Lift With $7.8B F-35 Contract Modification
Monday, May 1, 2023 - 9:14am | 323Lockheed Martin Corp (NYSE: LMT) has secured a ~$7.8 billion contract modification from the U.S. Navy. The modification exercises options for the production and delivery of 126 Lot 17 F-35 aircraft to include 81 F-35A aircraft, 26 F-35B aircraft and 19 F-35C. It also exercises...
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Amazon, Goldman Sachs And These 2 Stocks Insiders Are Selling
Monday, April 24, 2023 - 8:15am | 696The Nasdaq Composite closed slightly higher on Friday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go...
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Lockheed Martin's 'Space Growth' Sets Foundation For 2023 Upside, Credit Suisse Says
Wednesday, April 19, 2023 - 12:52pm | 286Credit Suisse analyst reiterated an Outperform rating on the shares of Lockheed Martin Corp (NYSE: LMT) and raised the price target from $510 to $550. The company reported Q1 results above Street view across all major line items, including sales, EBIT, EPS, and free cash...
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Apple To Rally 15%? Here Are 10 Other Analyst Forecasts For Wednesday
Wednesday, April 19, 2023 - 9:14am | 540Morgan Stanley raised the price target for Align Technology, Inc. (NASDAQ: ALGN) from $314 to $383. Morgan Stanley analyst Erin Wright maintained an Overweight rating. Align Technology shares fell 0.9% to $345.00 in pre-market trading. Goldman Sachs cut the price target for The Mosaic Company (...
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Elon Musk Says US Intel Agencies Had Access To Twitter DMs, Alibaba's Ant IPO Might Actually See Light, Airbus Pushes Some 2024 Deliveries: Today's Top Stories
Tuesday, April 18, 2023 - 9:30am | 1929Benzinga Elon Musk Drops Bombshell: US Intel Agencies Were Reading Your Twitter DMs Elon Musk has alleged that the previous management of Twitter permitted U.S. and foreign intelligence agencies to access users’ direct messages on the platform. In an interview with Fox News...
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Lockheed Martin Exceeds Q1 Performance Expectations, Reaffirms FY23 Outlook
Tuesday, April 18, 2023 - 8:56am | 313Lockheed Martin Corp (NYSE: LMT) reported a first-quarter FY23 net sales growth of 1.1% year-over-year to $15.13 billion, above the consensus of $15.04 billion. Adjusted EPS of $6.43 topped the consensus of $6.06. The gross margin expanded 77 bps to 13.5%. The operating profit...
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This Week: Low IV Trading And Earnings From Netflix, Tesla, Goldman, IBM And More
Monday, April 17, 2023 - 2:33pm | 1676Market View Last Week – Closing with a VIX Level we haven't seen in years SPY (NYSEARCA: SPY) finished higher by about 0.8% last week, another fairly quiet move inside what options were pricing (+/- 1.6%). The VIX was lower on the week and it's closing low Friday...
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Russia Warns As Finland Joins NATO, Spotify Highlights Struggle With Live Audio, Anticompetitive Charges Against Activision Blizzard: Today's Top Stories
Tuesday, April 4, 2023 - 9:52am | 2030Benzinga Finland Joins NATO Doubling Border Length, Russia Issues Warning The Finland foreign minister signed the accession document, and Finland has become the 31st member of the North Atlantic Treaty Organization (NATO) security alliance. The move is a strategic and political blow to Russia'...
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Lockheed Martin, F-35 Joint Program Office Ink £147M Contract To Support UK's F-35 Fleet
Tuesday, April 4, 2023 - 7:22am | 341Lockheed Martin Corp (NYSE: LMT) and the F-35 Joint Program Office (JPO) signed the Lightning Air System National Capability Enterprise (LANCE) 23-27 contract to support the United Kingdom’s F-35 fleet. The contract is valued at ~£147 million and will ensure and...
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Lockheed Martin Bags Multiple-Year Production Contract From US Army; Selected As Preferred Bidder For Australia's JP9102
Monday, April 3, 2023 - 9:30am | 303Lockheed Martin Corp (NYSE: LMT) has secured a multiple-year production contract for Joint-Air-to-Ground Missiles (JAGM) and HELLFIRE missiles from the U.S. army. The contract offers three additional follow-on awards starting in late 2023, allowing for a total contract value of up...
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Credit Suisse Sees Positive Valuation Path For L3Harris But Prefers Lockheed Considering Macro Climate
Monday, March 27, 2023 - 1:53pm | 356Credit Suisse analyst Scott Deuschle reiterated an Outperform rating on the shares of L3Harris Technologies Inc (NYSE: LHX) with a price target of $240. The aerospace and defense company is slated to report its first-quarter FY23 after market close on March 27. The analyst...
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Lockheed Martin Invests In This Seaglider Manufacturer - What's On The Cards?
Wednesday, March 22, 2023 - 10:29am | 232Lockheed Martin Ventures, the venture arm of Lockheed Martin Corp (NYSE: LMT), has made a strategic investment in REGENT, an electric seaglider manufacturing company. The financial terms were not disclosed. The investment will accelerate the development of seagliders for...
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Why Terran Orbital Shares Are Surging Today
Tuesday, March 21, 2023 - 9:16am | 424Terran Orbital Corporation (NYSE: LLAP) reported fourth-quarter FY22 revenue of $31.92 million, an increase of 197% year-over-year, beating the consensus of $31.17 million. The company stated that the increase in revenue was primarily due to the continued support of the SDA's...
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SVB Financial Officially Files For Bankruptcy, Yellen, Powell & Dimon Behind First Republic Bank's $30B Lifeline, Playboy's $5M Loss On Ethereum: Today's Top Stories
Friday, March 17, 2023 - 9:11am | 2147Benzinga The Inevitable End - SVB Financial Officially Files For Bankruptcy In New York SVB Financial Group (NYSE: SIVB) has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to...
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Norway's Loke Buys Lockheed Martin's Deep-Sea Mining Business For Undisclosed Sum
Friday, March 17, 2023 - 6:31am | 221Norwegian company Loke Marine Minerals has acquired deep sea mineral business UK Seabed Resources (UKSR) from Lockheed Martin Corp (NYSE: LMT). Financial terms were not disclosed. UKSR holds a 100% interest in two deep-sea mineral licenses located in the Clarion-Clipperton Zone...