Aerospace & Defense

Lockheed Martin (NYSE: LMT) received a $64 million contract from the U.S. Army to extend the Joint Air-to-Ground Missile (JAGM) Technology Development program. The 27-month extended Technology Development program will include design, test and demonstration phases for the JAGM guidance section. The...

Lockheed Martin (NYSE: LMT) has been awarded a $150 million contract from the Missile Defense Agency (MDA) to produce Terminal High Altitude Area Defense (THAAD) Weapon System launchers and fire control and communications equipment for the U.S. Army. The contract includes 12 launchers, two fire...

Lockheed Martin (NYSE: LMT) secured a contract with the Office of Naval Research for the design and development of solid oxide fuel cell generator set as an alternative to traditional battlefield power generation equipment. Lockheed Martin's fuel cell technology will be integrated with solar panels...

L-3 Communications (NYSE: LLL) announced today that it completed the acquisition of Thales Training & Simulation Ltd's civil aircraft simulation and training business effective August 6, 2012. The company paid £83 million (approximately $130 million), subject to certain contractual adjustments...

Industry team Lockheed Martin (NYSE: LMT) and ARINC has submitted its proposal for a new, transportable air traffic control (ATC) radar system that will enable U.S. Air Force and Air National Guard units to quickly establish tactical military or disaster-relief airfield operations around the world...

L-3 Communications (NYSE: LLL) announced yesterday that it has been awarded a contract with a one-year base period and four one-year options, with an estimated contract value of $1.98 billion, from the U.S. Army Contracting Command – Redstone on behalf of the U.S. Army Aviation and Missile Life...

Lockheed Martin (NYSE: LMT) has received a $353.2 million U.S. Army follow-on contract for the seventh production lot of Guided Multiple Launch Rocket System (GMLRS) Unitary rockets. Designed for destroying targets at ranges up to 70 kilometers, GMLRS is an all-weather, rapidly deployable, long-...

Lockheed Martin (NYSE: LMT) received a $68.9 million contract to prepare the Patriot Advanced Capability-3 (PAC-3) Missile production line for the introduction of the Missile Segment Enhancement (MSE) version of the combat-proven PAC-3 Missile. The facilitization contract provides funding for...

Lockheed Martin (NYSE: LMT) today announced its interest to retain the Management and Operating (M&O) contract for Sandia National Laboratories. Through its wholly owned subsidiary Sandia Corporation, Lockheed Martin has managed Sandia since 1993 for the U.S. Department of Energy's (DOE)...

Complete Genomics (NASDAQ: GNOM) surged 9.22% to $3.20 in the pre-market session. Complete Genomics announced new technology developed for clinical-grade genomes. Merck & Co (NYSE: MRK) added 3.98% to $42.85 in the pre-market session. Analysts at Citigroup upgraded Merck from “neutral” to “buy...

Ocean Power Technologies, Inc. (Nasdaq: OPTT) and Lockheed Martin (NYSE: LMT) have entered into a teaming agreement with the goal of developing a 19 megawatt wave-energy project in Victoria, Australia. This is one of the largest wave-energy projects announced to date, and leverages a grant from the...