Aerospace & Defense

L-3 Communications (NYSE: LLL) announced today that its L-3 Unidyne division has been awarded two firm-fixed-price contracts valued at $52 million to execute the U.S. Navy's FY11 and FY12 Service Life Extension Program efforts for the Landing Craft Air Cushion. The awards include provisions for...

Lockheed Martin (NYSE: LMT) received a $66 million follow-on contract from the Missile Defense Agency to continue development of the highly successful Terminal High Altitude Area Defense Weapon System. The Advanced Capability Development contract is a five-year, Indefinite Delivery/Indefinite...

LMI Aerospace Inc (NASDAQ: LMIA) posted weaker-than-expected fourth-quarter results. LMI Aerospace lowered its 2012 sales target to between $282 million and $298 million, versus its earlier forecast of $290 million to $308 million. LMI Aerospace's quarterly net income surged to $4.1 million, or $...

Lockheed Martin (NYSE: LMT) and ZyGEM Corp. Ltd. announced plans to release a version of their rapid DNA analysis platform that is designed to simplify and speed DNA analysis for human identity testing. Pre-production units of the platform will be released this summer to select customers in the...

Analysts at JP Morgan upgraded Sonoco Products Company (NYSE: SON) from “neutral” to “overweight.” SON's shares closed at $33.45 on Friday. Sonoco Products' trailing-twelve-month ROE is 14.87%. Robert W. Baird upgraded Sykes Enterprises Incorporated (NASDAQ: SYKE) from “neutral” to “outperform.”...

Lockheed Martin (NYSE: LMT) is being awarded a $70,000,000 firm-fixed-price contract for advanced procurement efforts for the acquisition of two Air Force AC-130J, one HC-130J, and four MC-130J aircraft. The location of the performances is Marietta, Ga. Work is expected to be completed during...

Below are the top mid-cap aerospace/defense products & services stocks on the NYSE and the NASDAQ in terms of earnings per share. The trailing-twelve-month earnings per share at L-3 Communications Holdings Inc (NYSE: LLL) is $9.03. LLL's ROE for the same period is 14.25%. The trailing-twelve-...

Representative Jason Chaffetz, a Republican from Utah, wasn't too impressed with Treasury Secretary Timothy Geithner. "You can smile and laugh about it all you want," he said before adding that he was sick of the "silly little smirk" on Geithner's face. Why was Geithner smiling? Well, it might be...

Amgen (NASDAQ: AMGN) and Micromet, Inc. (NASDAQ: MITI) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended (HSR), in connection with Amgen's tender offer for Micromet, was terminated early on Feb. 14, 2012 by the U.S. Federal Trade...

While President Obama's speech highlighted the need for spending to keep America on the road to recovery, there were plenty of cuts peppered throughout his proposed $3.8 trillion budget. In total, the plan would help reduce the nation's debt by $4 trillion over 10 years. The Pentagon was not spared...

Wednesday, February 8, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. When Ronald Reagan took office, the U.S. national debt was only about 1 trillion dollars. Benzinga's Top News Roche Holding (OTC: RHHBY) may not...

L-3 Communications (NYSE: LLL) announced yesterday that its board of directors has increased its regular quarterly cash dividend 11 percent from $0.45 to $0.50 per share. The board has also declared the next dividend payable on March 15, 2012 to shareholders of record at the close of business on...

Lockheed Martin (NYSE: LMT) has been competitively awarded one of five Operations Support (OPS) Services Indefinite Delivery Indefinite Quantity contracts from the U.S. General Services Administration Federal Systems Integration and Management Center (FEDSIM) in support of the Department of Defense...

Lockheed Martin (NYSE: LMT) and Cleversafe, Inc. have formed a new technology alliance that will facilitate collaboration between the two companies to support a new level of storage capacity beyond traditional capabilities. These Secure, Distributed Storage Cloud offerings will enhance the...

The U.S. Air Force awarded Lockheed Martin (NYSE: LMT) a five-year competitive contract to provide technical support of the Distributed Mission Operations Center located at Kirtland Air Force Base, N.M. The indefinite delivery, indefinite quantity contract has a $94 million ceiling value.