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Lockheed And Elon Musk's SpaceX Encounter Development Issues - NASA's Moon Mission Delayed To 2026: Report
Wednesday, January 10, 2024 - 7:12am | 663Lockheed Martin Corporation (NYSE: LMT), alongside other contractors, including Elon Musk's SpaceX, is reportedly facing development challenges that have led NASA to postpone its Artemis moon program. Consequently, NASA has now scheduled its first astronaut lunar landing in half...
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Elon Musk's SpaceX Faces New Challenger As Boeing-Lockheed's Vulcan Rocket Reportedly Set To Take Off Next Week
Thursday, January 4, 2024 - 10:44am | 784The Vulcan rocket, a collaborative effort between Boeing Company (NYSE: BA) and Lockheed Martin Corporation (NYSE: LMT), is reportedly set to make its inaugural launch as early as next week, attracting the attention of several billionaires. Positioned as a...
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Satellite Maker Terran Orbital Places Itself On The Market: Searches For A Buyer As Challenges Mount
Monday, December 11, 2023 - 11:12am | 504Terran Orbital Corp (NYSE: LLAP), a prominent player in the small satellite sector, is conducting a formal review of strategic alternatives. The regulatory disclosure follows an earlier WSJ report that Terran has attracted interest from potential strategic and...
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Sky's The Limit: Boeing To Ramp Up PAC-3 Seeker Output With Major Factory Expansion
Tuesday, November 14, 2023 - 9:42am | 295Boeing Co (NYSE: BA) is planning a 35,000-square-foot expansion of its Huntsville factory that produces the Patriot Advanced Capability-3 (PAC-3) seeker. The expansion is expected to increase Boeing's annual PAC-3 seeker production by more than 30%. Seeker provides guidance data...
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Back for Another Round: Rate Hike Fears Grow After Strong Retail Sales Sends Yields Spinning Higher
Tuesday, October 17, 2023 - 2:38pm | 2425(Tuesday market open) Early earnings results continued to impress but major indexes flagged in premarket trading Tuesday as Treasury yields swung higher after unexpectedly strong September U.S. Retail Sales raised concerns about another possible rate hike. Earnings from Goldman...
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Lockheed Martin's Q3 Results Beat Expectations, Reaffirms FY23 Outlook
Tuesday, October 17, 2023 - 9:29am | 502Lockheed Martin Corp (NYSE: LMT) reported third-quarter FY23 net sales growth of 1.8% year-over-year to $16.88 billion, above the consensus of $16.73 billion. Adjusted EPS of $6.77 (-1.5% Y/Y) topped the consensus of $6.67. The gross margin contracted 65 bps to 12.13%. The...
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Monday's Market Minute: This Week's Focus: Earnings & Consumer Spending
Monday, October 16, 2023 - 12:46pm | 500The focus for investors and traders will shift from inflation after the higher-than-expected figures last week to earnings and consumer spending habits. We have the Empire State Manufacturing Index data and the Fed’s Patrick Harker speaking Monday, then on Tuesday we have Retails Sales,...
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How GlobalFoundries, Unsung Hero of Tech, Powers AI and Electronic Innovations
Monday, October 2, 2023 - 10:24am | 503Established in 2009, GlobalFoundries Inc (NASDAQ: GFS) has made significant strides in the semiconductor industry. Strategic decisions, technological innovations, and global expansions mark the company's evolution. It has become a silent force, with its chips being integral...
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China Sanctions Lockheed Martin And Northrop Grumman Concerning Arms Sales To Taiwan: Report
Friday, September 15, 2023 - 8:04am | 361The Chinese foreign ministry reportedly said the country is set to impose sanctions against the U.S. aerospace and defense firms Lockheed Martin Corp (NYSE: LMT) and Northrop Grumman Corp (NYSE: NOC). The decision by China comes after it alleged that the two companies provided...
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Lockheed Martin Faces $800M Payment Delay Over F-35 Software Approval: Report
Monday, September 11, 2023 - 12:12pm | 560Lockheed Martin Corp (NYSE: LMT), the leading U.S. defense contractor, could see over $800 million in payments held back until June as it awaits approval for software crucial to its advanced F-35 fighter jet, per newly disclosed figures. What's Happening: The weapon maker...
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Lockheed-RTX JV Inks MoU In Poland To Build Javelin Anti-Tank Weapon System
Thursday, September 7, 2023 - 8:11am | 440Lockheed Martin Corporation (NYSE: LMT) said its joint venture with RTX Corporation (NYSE: RTX) - Javelin Joint Venture - has inked a MoU to manufacture Javelin anti-tank weapon system in Poland. Javelin Joint Venture inked the initial pact with Poland's state-...
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Lockheed Martin Stock Slips After F-35 Jet Delivery Outlook Gets A Rough Ride
Wednesday, September 6, 2023 - 11:35am | 327Lockheed Martin Corporation (NYSE: LMT) updated its F-35 Technology Refresh 3, or TR-3, schedule projections, anticipating the delivery of the first TR-3 jet between April and June 2024. The TR-3s were expected to be delivered by 2023, the company had earlier said in its Q2 earnings...
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Lockheed Martin's Sikorsky Hits Jackpot With $2.7B US Navy Deal: Largest Order Ever For CH-53K Helicopters
Friday, August 25, 2023 - 8:02am | 315The U.S.Navy awarded Sikorsky, a Lockheed Martin Corp (NYSE: LMT) company, a $2.7 billion contract to build and deliver 35 additional CH-53K helicopters. The order is the largest procurement to date for this multi-mission aircraft. The contract is expected to advance Sikorsky...
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Lockheed Martin Bags $816M Contract From The Space Development Agency To Deliver 36 Small Satellites
Monday, August 21, 2023 - 11:50am | 315Lockheed Martin Corporation (NYSE: LMT) has received a contract worth $816 million to deliver 36 small satellites to Space Development Agency's communications network. Under the deal, KMT will develop 36 Tranche 2 Transport Layer (T2TL) Beta satellites for SDA. With this...
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What's Going On With Amazon.Com Stock Tuesday?
Tuesday, August 8, 2023 - 10:04am | 406After an upbeat second quarter, Amazon.Com, Inc (NASDAQ: AMZN) shared plans to launch the first two test satellites for its Project Kuiper constellation on United Launch Alliance's Atlas V rocket this fall. The company previously planned to launch the...