Sikorsky and Bristow Sign 10-Year Support Agreement for S-92® Helicopters
PR Newswire - Tue Jul 12, 10:16AM CDT
Sikorsky, A Lockheed Martin Company (NYSE: LMT) and Bristow Helicopters today signed a 10-year agreement providing Bristow's S-92® fleet with extended support for its aftermarket material needs. Sikorsky's Total Assurance Program provides Bristow continued aftermarket support to operate its S-92 fleet within a known budget, reducing the risk of unplanned costs.
LMT: 254.70 (+0.31)
Raytheon's Patriot Missiles to See Sales Growth: Here's Why
Zacks Equity Research - Zacks Investment Research - Tue Jul 12, 9:32AM CDT
Raytheon Company (RTN) is noticeably optimistic about the prospects of its Patriot air defense missile systems, mainly because of rising demand amid ongoing global tensions.
LMT: 254.70 (+0.31), RTN: 138.33 (-0.86), AVAV: 27.35 (+0.10), BEAV: 46.04 (+0.26)
Lockheed Martin's INFIRNO Sensor Makes First Flight on the BLACK HAWK Helicopter
PR Newswire - Tue Jul 12, 7:35AM CDT
Lockheed Martin's (NYSE: LMT) INFIRNO(TM) sensor system recently completed its first flight on an H-60 BLACK HAWK helicopter. This successful Lockheed Martin-funded test validated INFIRNO's ability to detect, identify and track targets from an airborne platform.
LMT: 254.70 (+0.31)
Lockheed Martin Explores Adaptable Weapons Kit for International BLACK HAWK Helicopter
PR Newswire Europe - Tue Jul 12, 6:40AM CDT
Armed aircraft displayed at Farnborough Airshow demonstrates possibilities for military operators
LMT: 254.70 (+0.31)
Alcoa's (AA) Q2 Earnings Top, Profit Drops on Lower Prices
Zacks Equity Research - Zacks Investment Research - Tue Jul 12, 6:31AM CDT
Alcoa's (AA) seconds-quarter revenues and adjusted earnings beat the respective Zacks Consensus Estimate.
AA: 10.69 (+0.55), F: 13.45 (+0.18), LMT: 254.70 (+0.31), BA: 130.81 (-1.23)
Lockheed Martin Initiates Exchange Offer for IT and Technical Services Businesses
PR Newswire - Mon Jul 11, 3:05PM CDT
Lockheed Martin (NYSE: LMT) announced today the commencement of an exchange offer for the separation of its Information Systems & Global Solutions (IS&GS) business segment. This represents the next step in the proposed tax-efficient Reverse Morris Trust transaction with Leidos Holdings, Inc. (NYSE: LDOS) announced on January 26. In the proposed transaction, Abacus Innovations Corporation (Abacus), a wholly-owned subsidiary of Lockheed Martin created to facilitate the transaction, will merge with a subsidiary of Leidos and become a wholly-owned subsidiary of Leidos.
LMT: 254.70 (+0.31), LDOS: 48.50 (+1.08)
Lockheed Martin Hits a 52-Week High on Promising Deals
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 9:32AM CDT
On Jul 8, 2016, shares of Lockheed Martin Corp. (LMT) soared to a new 52-week high of $252.30. The stock pulled back a bit to end the trading session on Friday at $251.90.
LMT: 254.70 (+0.31), RTN: 138.33 (-0.86), NOC: 220.47 (-1.49), COL: 85.78 (+0.82)
Triumph Group Inks Deal for F-35 Components with Lockheed
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 8:56AM CDT
Triumph Group, Inc. (TGI) has signed long-term agreements with Lockheed Martin Corp. (LMT) for supplying key engine and structures components for the F-35 Lightning II aircraft.
LMT: 254.70 (+0.31), RTN: 138.33 (-0.86), TGI: 36.77 (+0.82), COL: 85.78 (+0.82)
UTX's Pratt & Whitney Wins $1.5B Contract from U.S. DOD
Zacks Equity Research - Zacks Investment Research - Mon Jul 11, 7:30AM CDT
United Technologies Corp.'s (UTX) operating segment Pratt & Whitney recently secured a contract worth $1.5 billion from the U.S. Department of Defense to manufacture F135 propulsion systems to power all three variants of the F-35 Lightning II aircraft.
LUK: 17.59 (+0.18), LMT: 254.70 (+0.31), HON: 119.02 (+0.45), UTX: 104.50 (+0.54)
Sikorsky and Babcock Sign 10-Year Support Agreement for S-92® Helicopter
PR Newswire Europe - Mon Jul 11, 7:22AM CDT
Sikorsky and Babcock Mission Critical Services Ltd. today signed a 10-year agreement providing Babcock's S-92(R) helicopter fleet with extended support for its aftermarket material needs. Sikorsky's Total Assurance Program provides Babcock continued aftermarket support to operate its S-92 fleet within a known budget, reducing the risk of unplanned costs. Babcock MCS Ltd. is a division of Babcock International Group plc. Sikorsky is a Lockheed Martin Company .
LMT: 254.70 (+0.31)
F-35 Program Announces Phase II Cost Reduction Initiatives
PR Newswire - Mon Jul 11, 5:30AM CDT
The Department of Defense announced two initiatives with industry to reduce F-35 Lightning II production and sustainment costs today. The first is a two-year extension of the "Blueprint for Affordability for Production" program announced in 2014, and the second is the creation of a similar concept to reduce the operation and sustainment costs of the F-35 weapon system.
LMT: 254.70 (+0.31)
Lockheed Martin PAC-3 MSE Interceptor Destroys Air-Breathing Target
PR Newswire - Fri Jul 08, 12:18PM CDT
A Lockheed Martin [NYSE: LMT] PAC-3 Missile Segment Enhancement (MSE) missile successfully intercepted a full-scale air breathing target at White Sands Missile Range, New Mexico, today, as part of the Post Deployment Build eight (PDB-
LMT: 254.70 (+0.31)
Boeing Reports Q2 Deliveries: Commercial Up, Defense Drags
Zacks Equity Research - Zacks Investment Research - Fri Jul 08, 10:19AM CDT
The Boeing Company (BA) reported second-quarter 2016 deliveries wherein commercial deliveries were up 1% whereas defense shipments were down 19.6% year over year.
EGL: 25.55 (+0.77), LMT: 254.70 (+0.31), NOC: 220.47 (-1.49), BA: 130.81 (-1.23)
Northrop Grumman (NOC) Secures $103M U.S. Navy Contract
Zacks Equity Research - Zacks Investment Research - Thu Jul 07, 4:05PM CDT
Northrop Grumman Corp. (NOC) has received a U.S. Navy contract to continue its counter improvised explosive device support for the Navy.
GD: 141.54 (+0.35), LMT: 254.70 (+0.31), NOC: 220.47 (-1.49), BA: 130.81 (-1.23)
Lockheed Martin Unit Wins $94M Deal for Support Services
Zacks Equity Research - Zacks Investment Research - Thu Jul 07, 9:02AM CDT
Lockheed Martin Corp.'s (LMT) business unit, Aeronautics Co., has won a modification contract from the U.S. Navy to procure electronic components for the F-35 Lightning II multi-role fighter aircraft.
EGL: 25.55 (+0.77), LMT: 254.70 (+0.31), NOC: 220.47 (-1.49), COL: 85.78 (+0.82)
Huntington Ingalls (HII) Wins a $273M U.S. Navy Contract
Zacks Equity Research - Zacks Investment Research - Wed Jul 06, 8:39AM CDT
Huntington Ingalls Industries, Inc. (HII) recently won an initial $272.5 million fixed-price-incentive firm target contract from the U.S. Navy.
HII: 173.14 (-0.72), GD: 141.54 (+0.35), LMT: 254.70 (+0.31), NOC: 220.47 (-1.49)
Coverage Initiated on Select Defense Stocks
ACCESSWIRE - Wed Jul 06, 8:15AM CDT
LONDON, UK / ACCESSWIRE / July 6, 2016 / Active Wall St. announces its industry coverage on the following stocks within the Defense space: The Raytheon Company (NYSE: RTN), The Boeing Company (NYSE: BA), Lockheed Martin Corp. (NYSE: LMT), and TASER International Inc., (NASDAQ: TASR). Register with us now for your free membership and get more on our industry coverage at:
LMT: 254.70 (+0.31), RTN: 138.33 (-0.86), TASR: 27.00 (-0.66), BA: 130.81 (-1.23)
Top 6 Research Reports for July 5, 2016
Mark Vickery - Zacks Investment Research - Tue Jul 05, 12:54PM CDT
Top 6 Research Reports for July 5, 2016
TSLA: 224.65 (-0.13), LMT: 254.70 (+0.31), UTX: 104.50 (+0.54), GIS: 71.42 (-0.39), CSCO: 29.61 (+0.18), BABA: 81.74 (+0.28)