Aerospace & Defense

International Paper Company (NYSE: IP) announced the election of Christopher E. Kubasik to its Board of Directors effective July 10, 2012. Mr. Kubasik, age 51, is Vice Chairman, President and Chief Operating Officer of Lockheed Martin Corporation (NYSE: LMT), a publicly traded global security and...

-3 Communications (NYSE: LLL) announced today that its L-3 GCS subsidiary has been awarded a contract by the U.S. Special Operations Command (USSOCOM) to develop and manufacture Very Small Aperture Terminal (VSAT) satellite systems. The program, known as Special Operations Forces Deployable Node-...

Lockheed Martin (NYSE: LMT) has signed an agreement authorizing Marshall Aerospace to become the world's first commercial company to install C-130 Center Wing Boxes (CWB). Marshall Aerospace is also the first C-130J Heavy Maintenance Centre (HMC) in the world.

The U.S. Navy awarded Lockheed Martin (NYSE: LMT) a $27 million, firm-fixed-price contract to produce components for 22 Vertical Launch anti-submarine (VLA) missiles. A supersonic, urgent attack anti-submarine warfare weapon for Navy cruisers and destroyers, the VLA missile enables a crew to...

Below are the top stocks in the industrial goods sector in terms of revenue. The trailing-twelve-month revenue at General Electric Company (NYSE: GE) is $140.45 billion. General Electric's ROE for the same period is 11.45%. The trailing-twelve-month revenue at The Boeing Company (NYSE: BA) is $73...

Lockheed Martin (NYSE: LMT) has been selected by the Defense Advanced Research Projects Agency (DARPA) to receive a Phase I Airborne Launch Assist Space Access (ALASA) program study contract valued at about $6.2 million. The ALASA program is a research and development effort maturing...

Lockheed Martin (NYSE: LMT) announced today that its board of directors has unanimously voted to establish the new position of vice chairman, electing President and Chief Operating Officer Christopher E. Kubasik as a board member and vice chairman, effective today.  "Our board will benefit from...

Lockheed Martin (NYSE: LMT) announced today that its board of directors has unanimously voted to establish the new position of vice chairman, electing President and Chief Operating Officer Christopher E. Kubasik as a board member and vice chairman, effective today.

The U.S. Air Force recently awarded Lockheed Martin (NYSE: LMT) a $241.6 million contract for Lot 10 production of the Joint Air-to-Surface Standoff Missile (JASSM) and Extended Range (ER) variant. The JASSM Lot 10 contract is for 191 baseline missiles, 30 ER missiles, Test Instrumentation Kits...

Lockheed Martin (NYSE: LMT) received a $27.1 million contract from the U.S. Army for the first phase of a three-year development program that will increase crew protection and update the Army's fleet of Multiple Launch Rocket System (MLRS) M270A1 mobile rocket launchers. Under the contract,...

Stifel Nicolaus resumes its coverage on Lockheed Martin Corporation (NYSE: LMT) with a Hold rating. Stifel Nicolaus notes, "Our Hold rating is due mainly to a cautious outlook regarding the F-35 in the near-to-mid term as the probability of negative news flow and further budget cuts is high...

L-3 Communications Holdings, Inc. (NYSE: LLL) today announced that its board of directors has approved the distribution to its shareholders of all the outstanding shares of its subsidiary, Engility Holdings, Inc., and set the distribution ratio, record date and distribution date for the spin-off....

Stifel Nicolaus resumes its coverage on L-3 Communications (NYSE: LLL) with a Hold rating. Stifel Nicolaus says, "We are resuming coverage of L-3 Communications with a Hold rating on the shares. Our rating reflects concerns regarding the company's exposure to the increasingly competitive...

Pre-open movers US stock futures are lower this morning. Futures for the Dow Jones Industrial Average tumbled 85 points to 12,483.00 and S&P 500 index futures fell 10.30 points to 1,316.50. Nasdaq 100 futures dropped 16 points to 2,557.50. A Peek Into Global Markets European markets were...

An innovative Airborne Multi-Intelligence Laboratory (AML) developed by Lockheed Martin (NYSE: LMT) for intelligence, surveillance and reconnaissance (ISR) is now being used by the Italian Air Force in a live operational environment. Lockheed Martin signed a use agreement with the Italian Ministry...