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Lockheed Shares More Profit, Raises Dividend & Buyback Authorization
Friday, October 4, 2024 - 12:16pm | 743Lockheed Martin Corp. (NYSE: LMT) announced that its board of directors approved a 4.8% hike in its quarterly dividend to $3.30 per share, marking the 22nd consecutive annual dividend hike. The revised quarterly dividend is payable on Dec. 27, 2024, to shareholders of record at the close of the...
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Lockheed Wins $2.1B Contract to Aid Trident II D5 Missile Program
Thursday, October 3, 2024 - 11:47am | 945Lockheed Martin Corp.'s (NYSE: LMT) business segment, Space Systems, recently clinched a modification contract for manufacturing its Trident II D5 missile. Per the terms of the deal, Lockheed will also offer deployed systems support and Warhead 93/Mark7 development for Trident II D5 missile....
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HEICO Buys Marway Power, Widens Power Distribution Solution Capacity
Wednesday, October 2, 2024 - 12:48pm | 710HEICO Corporation (NYSE: HEI) recently signed a contract to acquire Marway Power Solutions, Inc. The acquiree provides the design and construction of power distribution solutions for mission-critical systems used in defense, aerospace, communications, test and measurement, and industrial...
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Lockheed Martin's Unit Secures Contract for CH-53K Gearbox Assemblies
Wednesday, September 25, 2024 - 3:20pm | 757Lockheed Martin Corporation's (NYSE: LMT) unit, Sikorsky Aircraft, recently secured an $84.3 million contract to supply eight gearbox assemblies for the CH-53K helicopters. The work will be carried out in Stratford, CT, and is set to be completed by December 2028. The contract will serve the U....
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L3Harris Wins $587M Contract for Next Generation Jammer-Low Band
Tuesday, September 17, 2024 - 12:42pm | 700L3Harris Technologies (NYSE: LHX) announced that it has received a five-year contract, worth $587.4 million, to deliver custom tactical jamming pods designed to modernize the U.S. Navy's Aerial Electronic Attack capability. Details of LHX's New Contract The Next Generation Jammer-Low Band (...
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Kratos Defense Provides Four Classes of Affordable Turbojet Engines
Friday, September 13, 2024 - 4:07pm | 705Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) recently announced that its unit, Technical Directions, Inc. ("TDI"), now offers four classes of its low-cost, high-performance turbojet engines ranging from 30 to 200 pounds of thrust with immediate availability. The TDI-J45 30...
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RTX Wins $112M Contract to Support F-35 Jet's Propulsion System
Tuesday, September 10, 2024 - 12:23pm | 820RTX Corp.'s (NYSE: RTX) business segment, Pratt & Whitney, recently clinched a modification contract for the F-35 fighter jet's propulsion system. The award has been offered by the Naval Air Systems Command, Patuxent River, MD. Details of the Deal Valued at $111.9 million, the contract...
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Lockheed Martin, Tata Advanced Systems Join Forces To Manufacture Military Aircraft In India
Tuesday, September 10, 2024 - 6:04am | 411This story was first published on the Benzinga India portal. U.S. defense manufacturing giant Lockheed Martin (NYSE: LMT) and Tata Advanced Systems have agreed to work on a tactical military aircraft together in India. What Happened: The two entities have decided to broaden...
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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,...