Aerospace & Defense

The U.S. Air Force awarded Lockheed Martin (NYSE: LMT) a $156 million contract to provide new training devices to accommodate the growing pipeline of C-130J aircrews and maintainers. Lockheed Martin will develop 24 new training devices and provide program management and engineering services under...

Lockheed Martin (NYSE: LMT) was recently awarded a $254.7 million Department of Defense contract to continue supporting the Defense Civilian Personnel Data System (DCPDS). Under the contract, Lockheed Martin will provide sustainment, maintenance, operations, hosting and development support services...

The U.S. Army awarded Lockheed Martin (NYSE: LMT) $391 million in production orders for a new radar system that provides soldiers with enhanced 360-degree protection from rocket, mortar and artillery fire. The orders represent the execution of two contract options for a total of 33 AN/TPQ-53 (Q-...

According to a research report published this morning, Deutsche Bank has increased L3's (NYSE: LLL) PT from $80 to $86. In the report, Deutsche Bank said, "EPS of $2.01 was ahead of our/Street's $1.91/$1.88 with the beat from $170M higher sales and 10bps better margins. Importantly, 1Q sales...

In a report issued earlier today, J.P. Morgan & Co. reiterated its Neutral rating for Lockheed Martin (NYSE: LMT), but slightly lowered its price target from $80.00 to $79.00. J.P. Morgan said they maintained their rating “based on our view that its valuation is fair and the increased risk...

Today has been the busiest day for first quarter earnings thus far for 2012, with more than 150 companies reporting. Below are a list of some of the major companies who reported earnings this morning: Exxon Mobil (NYSE: XOM) reports first-quarter EPS of $2 versus the estimated $2.09 per share,...

Thursday, April 26, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News PepsiCo (NYSE: PEP) Reports Q1 EPS $0.69 vs $0.67 Est; Revenues $12.43B vs $12.36B Est Dow Chemical (NYSE: DOW) Reports Q1...

Lockheed Martin Corp (NYSE: LMT) reported a surge in its first-quarter profit. Lockheed Martin's quarterly net profit gained to $668 million, from $530 million in the year-ago period. However, analysts were expecting a profit of $553.3 million. Its earnings from continuing operations jumped 29%...

Aetna Inc (NYSE: AET) is expected to post its Q1 EPS at $1.39 on revenue of $8.68 billion. Colgate-Palmolive Co (NYSE: CL) is estimated to post its Q1 EPS at $1.24 on revenue of $4.18 billion. Exxon Mobil Corporation (NYSE: XOM) is projected to post its Q1 earnings at $2.09 per share on revenue...

I recently suggested that a major tech boom may very well be on the horizon in the US economy -- spurred by a blend of vigorous technological development, desperation in the marketplace, and the conatus of human survival. I use the word "boom" and not "bubble" in the sense that such technological...

The Japan Ministry of Defense recently ordered 19 AbleSentry® systems from Lockheed Martin (NYSE: LMT) and its trading partner ITOCHU Corporation to provide detection and early warning of a possible chemical, biological, or radiological attack. Designed for the tactical battlefield, AbleSentry is...

Lockheed Martin (NYSE: LMT) announced today that it has been awarded the G3 Training and Readiness Support Service contract with a ceiling value of $89 million and a three year period of performance for the U.S. Army Intelligence and Security Command.

A newly formed joint venture -- IBL JV, LLC -- will bid on the U.S. Air Force Space Command's planned Launch and Test Range System Integrated Support Contract, or LISC. The team, comprised of ITT Exelis (NYSE: XLS), BAE Systems (OTC: BAESY) and L-3 (NYSE: LLL), brings extensive experience in...

L-3 Communications (NYSE: LLL) announced today that it has entered into an agreement to acquire the assets of Thales Training & Simulation Ltd's civil aircraft simulation and training business. The purchase price is £83 million (approximately $132 million) and will be funded with cash on hand.

The system that provides U.S. Theater Combatant Commanders and partner nations with U.S. missile event information will continue to be supported by Lockheed Martin (NYSE: LMT). The U.S. Air Force Electronics System Center, Space C2 and Surveillance Division, awarded Lockheed Martin a follow-on...