Aerospace & Defense

Lockheed Martin (NYSE: LMT) has been selected by the National Science Foundation to operate and maintain the support infrastructure for the United States Antarctic Program (USAP), which enables universities, research institutions and federal agencies to conduct scientific research in the region....

Shares of Lockheed Martin (NYSE: LMT) are lower on the session by 0.41%, trading at $81.08. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest...

According to Citi, Lockheed Martin (NYSE: LMT) Buy rating is maintained. Citi said that Japan elected to replace its aging McDonnell F-4Js with LMT's F-35 Joint Strike Fighter (JSF), representing the second nation (after Israel) beyond the original JSF coalition to commit to the platform. “In our...

Lockheed Martin (NYSE: LMT) has been awarded a $167 million U.S. Air Force contract to develop a new block upgrade for the C‑130J Super Hercules. The Block 8.1 enhancement, containing both software and hardware capability expansion, will be installed on all U.S. government C-130Js and C-130Js of...

L-3 Communications (NYSE: LLL) announced today that its Link Simulation & Training division has won a re-competition for the U.S. Air Force's F-16 Training System. L-3 Link has received an initial one-year contract to provide pilot and maintenance training devices support. This firm-fixed-price...

General Dynamics (NYSE: GD) announced today that the U.S. Department of Justice has granted early termination of the waiting period required by the Hart-Scott-Rodino (HSR) Antitrust Improvements Act in connection with its $5.52-per-share cash tender offer to purchase the outstanding shares of...

Jefferies maintains its Hold rating and $75 target price on L-3 Communications (NYSE: LLL) as the company looks to expand its platform. Jefferies comments, “LLL announced an agreement to acquire Kollmorgen Electro-Optical, a unit of Danaher (DHR, BUY, $46.00). The purchase price of $210MM...

Lockheed Martin (NYSE: LMT) has been awarded work by the US Army's Product Manager, Joint-Automatic Identification Technology organization to provide operations and maintenance for the Radio Frequency In-Transit Visibility (RF-ITV) system. If all options are exercised over the course of five years...

L-3 Communications (NYSE: LLL) announced today that it has entered into an agreement to acquire the Kollmorgen Electro-Optical (KEO) unit of Danaher Corporation. KEO develops and manufactures specialized equipment, including submarine photonics systems and periscopes, ship fire control systems,...

L-3 Communications (NYSE: LLL) announced today that it has entered into an agreement to acquire the Kollmorgen Electro-Optical unit of Danaher Corporation. KEO develops and manufactures specialized equipment, including submarine photonics systems and periscopes, ship fire control systems, visual...

This is your Benzinga news summary for Monday, December 12, 2011, covering headlines from Monday's daytime trading session. Today at market close, the Dow Jones Index traded down about 162.72 points or 1.34%, the S&P 500 traded 1.49% lower, the Nasdaq Composite Index traded down 1.31%, and the...

Lockheed Martin (NYSE: LMT) announced today the award of a contract from NewSat Limited (NewSat) of Australia to build the Jabiru-1 satellite. The construction of the satellite will commence immediately and it will be ready for launch in the second half of 2014. Financial terms were not...

Morgan Keegan maintains its Market Perform rating on L-3 Communications Holdings, Inc. (NYSE: LLL) and lowers its price target to $70 from $74 following the company's analyst update. Morgan Keegan says, “Management announced weaker than expected 2012 guidance of $14.4 - $14.6 billion in revenue...

Deutsche Bank has lowered the price target on L-3 Communications (NYSE: LLL) from $78 to $75 and maintains its Hold rating.

Morgan Keegan has lowered the price target on L-3 Communications (NYSE: LLL) from $74 to $70 and maintains its Market Perform rating.