Aerospace & Defense

Lockheed Martin (NYSE: LMT) today announced there will be approximately 540 reductions in employment across its Aeronautics business area as part of a plan to trim the organization and improve operational efficiency.  

The Lockheed Martin (NYSE: LMT) board of directors today established the Executive Office of the Chairman, to include Chairman and CEO Bob Stevens and President and Chief Operating Officer Chris Kubasik. The new office, effective Oct. 1, was established to enhance the corporation's responsiveness...

Lockheed Martin (NYSE: LMT) MS2, Owego, N.Y., was awarded a firm-fixed-price, basic ordering agreement contract for a maximum $46,503,900 for radar equipment. There are no other locations of performance. Using service is Navy. The date of performance completion is Jan. 30, 2017. The Defense...

Standpoint Research upgraded its Lockheed Martin (NYSE: LMT) rating from Hold to Buy in a research report published today. Standpoint Research has an $85 price target on Lockheed Martin shares. In the report, Standpoint Research states, " The company has increased its dividend by more than 10%...

Today, the Lockheed Martin Corporation (NYSE: LMT) board of directors authorized a fourth quarter 2011 dividend of $1.00 per share and the purchase of up to an additional $2.5 billion of Lockheed Martin common stock under its share repurchase program.

Lockheed Martin (NYSE: LMT) received a $49.9 million follow-on production contract from the Naval Surface Warfare Center for the Target Sight System, the fire control system for the U.S. Marine Corps' AH-1Z Cobra attack helicopter. The Naval Surface Warfare Center awarded the initial TSS...

Lockheed Martin (NYSE: LMT) has submitted its contract proposal for full-rate production of a new U.S. Army radar that provides soldiers in combat with enhanced 360-degree protection from rockets, mortars and artillery. The Enhanced AN/TPQ-36 (EQ-36) Counterfire Target Acquisition Radar,...

ATK (NYSE: ATK) delivered the first two A2100 composite satellite structures and the first ship set of propellant tanks for the GPS III satellites Lockheed Martin (NYSE: LMT) is building for the U.S. Air Force. This is the first major hardware delivery milestone in the program, which has been...

Shares of L-3 Communications (NYSE: LLL) are higher on the session by 1.45%, currently trading at $67.13. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on calls today. A short while ago the...

The U.S. Air Force awarded Lockheed Martin (NYSE: LMT) a $791 million contract to provide IT services on the Global Combat Support System program. "Lockheed Martin is looking forward to continue the partnership with the Air Force implementing an affordable and innovative solution to fulfill the...

LMI Aerospace, Inc. (Nasdaq: LMIA) today announced it has amended its existing revolving credit facility, expanding the size from $80 million to $125 million and extending the term from July 2012 to September 2016. The amended and restated credit agreement provides for a $125 million senior...

The U.S. Army Program Executive Office of Simulation, Training and Instrumentation has awarded Lockheed Martin (NYSE: LMT) a $28.6 million contract to upgrade more than 60 Advanced Gunnery Training Systems for M1A1 and M1A2 main battle tanks. The company will also provide 11 new M1A2 training...

Lockheed Martin Corp. (NYSE: LMT) is being awarded a $791,000,000 maximum firm-price-incentive-fee, firm-fixed-price, cost-plus-fixed-fee, cost-reimbursable contract to provide a set of over 70 reusable, common services to Air Force combat support automated information systems based on integration...

Goldman Sachs upgraded Lockheed Martin (NYSE: LMT) from Sell to Neutral in a research report published today. Goldman Sachs has previously given Lockheed Martin a $68 price target. In the report, Goldman Sachs states, "We are upgrading Lockheed Martin (LMT) to Neutral from Sell. We remain Cautious...

Goldman Sachs has removed Lockheed Martin (NYSE: LMT) from Americas Sell List and has upgraded the company from Sell to Neutral.