|Bid||0.00 x 1100|
|Ask||383.34 x 900|
|Day's Range||383.23 - 387.42|
|52 Week Range||241.18 - 399.96|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||18.22|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||9.60 (2.48%)|
|1y Target Est||403.42|
U.S. lawmakers announced an agreement on Monday on a $738-billion bill setting policy for the Department of Defense, including new measures for competing with Russia and China, family leave for federal workers and the creation of President Donald Trump's long-desired Space Force. It also calls for sanctions on Turkey over its purchase of a Russian missile defense system, and a tough response to North Korea's efforts to develop nuclear weapons.
Today we'll evaluate Lockheed Martin Corporation (NYSE:LMT) to determine whether it could have potential as an...
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Moody's Investors Service ("Moody's") upgraded its ratings of Lockheed Martin Corporation: senior unsecured to A3 from Baa1, and senior unsecured shelf to (P)A3 from (P)Baa1. Moody's affirmed the company's P-2 commercial paper rating and withdrew the Baa1 issuer rating.
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Moderate flow of funds might have driven U.S. defense stocks. While General Dynamic (GD) secures a $22-billion deal, Curtiss Wright (CW) hikes its share buyback program.
The target date for the first test of Boeing’s Starliner spacecraft has been pushed back. The launch will be from Cape Canaveral Air Force Station at 6:36 a.m. on Dec. 20, three days later than the original Dec. 17 launch date. The mission will serve as a key milestone for Starliner, a Boeing project based in Central Florida that eventually will carry astronauts to and from the International Space Station.
The Bethesda defense contractor originally secured a contract in 2018 to help prototype the Air Force’s air-launched rapid response weapon (ARRW), but the follow-on deal issued Monday was worth more than double the original.
Lockheed Martin Corp. (NYSE: LMT) is already Central Florida’s eighth-largest employer, but it’s not done growing. The Bethesda, Maryland-based defense contractor employs 8,000 people between its two campuses in Orlando, and the company plans to add 1,000 more over the next four years, said Amy Gowder, vice president and general manager of Lockheed Martin in Orlando, at the I/ITSEC modeling, simulation and training conference on Dec. 2. Roughly 70% of the company's existing positions are engineering or technical jobs, which pay more than the Orlando area's average annual salary of $44,900.
Orlando’s largest defense contractor has secured one of its biggest local contracts of the year. Bethesda, Maryland-based Lockheed Martin Corp. (NYSE: LMT) won a $988 million U.S. Air Force contract modification with work to be performed in Orlando. The contract was awarded to the company’s Missiles & Fire Control campus in southwest Orlando and work is expected to be completed by Dec. 31, 2022.
President Donald Trump said on Tuesday he was looking at imposing sanctions on Turkey over its purchase of a Russian missile system, blaming his predecessor for not selling Ankara a U.S. missile system. Sitting alongside French President Emmanuel Macron, Trump was asked whether he would issue sanctions on Turkey over the purchase of the S-400 missile system.
CACI will provide AI, ML, advanced geospatial intelligence and signals intelligence support, among others, to the Air Force and intelligence community.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Tariffs aren’t the only weapon in a trade war. Countries are also turning to “blacklists” to restrict the economic activities of certain foreign companies. While such steps are often described as necessary to preserve national security, they’re increasingly being deployed as policy tools to gain leverage in trade negotiations. In the case of the U.S. and China, disputes over human rights or geopolitics also can play a role.1\. Where is this happening?President Donald Trump has placed dozens of Chinese companies on the U.S. Commerce Department’s “entity list” -- a classification that restricts their ability to purchase U.S. software and components. China’s government has been considering hitting back with a blacklist of its own, targeting foreign companies, organizations and people it calls “unreliable entities.” Export powerhouses Japan and South Korea also have deployed trade restrictions in a renewal of a long feud dating back to Japan’s colonization of the Korean peninsula in the early 20th century.2\. Who is on the U.S. list?The most prominent among those blacklisted in May, primarily on national security grounds, is Huawei Technologies Co., the telecommunications giant at the forefront of fifth-generation, or 5G, mobile technology. In October, the U.S. added 28 Chinese companies -- including another eight technology giants -- for alleged human rights violations against Uighur Muslims in China’s far west Xinjiang province. Those companies include two of the world’s largest manufacturers of video surveillance products, Hangzhou Hikvision Digital Technology Co. and Zhejiang Dahua Technology Co., and a pair of artificial-intelligence companies, SenseTime Group Ltd. and Megvii Technology Ltd.3\. How is China responding?Slowly. In May, it said it was compiling its own list of “unreliable entities,” defined as those having “severely damaged the legitimate interests” of Chinese firms by not obeying market rules, violating contracts or blocking or cutting off supply for noncommercial reasons. None were identified but FedEx Corp. has been under particular scrutiny after China accused it of mis-routing some parcels sent by Huawei. In July, Chinese state media raised the specter of backlash against U.S. companies including General Dynamics Corp. and Honeywell International Inc. in connection with a proposed $2 billion U.S. arms sale to Taiwan. A month later, China vowed retaliation against U.S. companies participating in a proposed $8 billion U.S. sale of Lockheed Martin Corp. F-16 fighter jets to Taiwan. It also has pledged to retaliate against Trump’s sanctions related to human rights violations.4\. When will that happen?Soon, the Communist Party-backed Global Times said in early December. It reported said the list was being sped up in response to a bill moving through the U.S. Congress requiring measures against Chinese officials involved in alleged abuses of Uighurs. The bill passed the Senate in September and the House was set to vote on it in December. However, Chinese officials have said “soon” before.5\. What does it mean to be blacklisted by the U.S.?Those on the U.S. entity list are prohibited from doing business with American companies without first obtaining a U.S. government license. It was created in 1997 as a way to sanction companies that helped build weapons of mass destruction. It’s since been expanded to cover activities considered “contrary to the national security or foreign policy interests of the United States.” Targets can be “businesses, research institutions, government and private organizations, individuals, and other types of legal persons,” according to the Commerce Department’s Bureau of Industry and Security, which administers the list as part of U.S. Export Administration Regulations.6\. What about by China?Unclear. “Necessary measures will be taken” against those listed, was all Ministry of Commerce spokesman Gao Feng said when he announced it May 31. However, the broad definition opens the possibility that a great swath of the global technology industry could be targeted, including U.S. giants such as Google, Qualcomm and Intel, as well as non-American suppliers that have cut off Huawei like Toshiba Corp. and SoftBank Group Corp.’s ARM Holdings. Global Times Editor-in-Chief Hu Xijin said on his Twitter feed that U.S. officials and diplomats might face visa and travel restrictions.7\. What explains the increased use of blacklists?It’s part of what trade hawks in both governments see as a generational fight for technological and economic supremacy of the 21st century. The Chinese government has leveraged its massive state resources to support industrial policies like “Made in China 2025,” and a 2017 development strategy that aims to make China the world’s primary artificial intelligence innovation center by 2030. The Trump administration, backed by many in Congress, views this as a threat to America’s economic and national security and has actively sought to curb China’s technological ambitions.To contact the reporters on this story: Bryce Baschuk in Geneva at email@example.com;Brendan Murray in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Brendan Murray at email@example.com, Laurence Arnold, Grant ClarkFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Turkey will oppose NATO's plan for the defence of Baltic countries if the alliance does not recognise groups that Turkey deems terrorists, Turkish President Tayyip Erdogan said on Tuesday, ahead of a NATO alliance summit in London. Relations between Turkey and its NATO allies have been strained over a host of issues, ranging from Ankara's decision to procure Russian air defence systems to Syria policy. Several NATO members condemned Turkey's decision to launch an offensive into northeastern Syria against the Kurdish YPG militia.
The U.S. military’s F-35 program is generating more defense work for Central Florida. Bethesda, Maryland-based Lockheed Martin Corp. (NYSE: LMT) won a $831 million U.S. Navy contract to produce 15 F-35 aircraft for the government of Australia. Four percent of the work will be performed in Orlando, with a completion date of March 2023.
Short for Financial Independence, Retire Early, the FIRE movement finds its roots in the 1992 best-seller “Your Money or Your Life” by Joe Dominguez (a Wall Street financial analyst who — you guessed it — retired at 31) and Vicki Robin (who turned a modest inheritance into an income stream that allowed her to quit work at 23). As a result, “Knoxville is an easy place to live, to raise a family, or to retire,” she says.
A Nov. 14 report by the NASA Office of Inspector General highlighted the delays in spacecraft development by both Boeing and SpaceX.
Lockheed Martin (LMT) secures deal to procure long lead material, parts and components for supporting production and delivery of 48 F-35A jets.
Italy will press ahead with an investment programme for F-35 fighter jets, Defence Minister Lorenzo Guerini said, after uncertainty over further orders from the Rome government had raised questions on production plans. "As the government aims to build on the investments made so far and seize the opportunities offered by the programme, I've decide to give a green light to the phase two," Guerini said during a parliamentary hearing on Thursday. Luigi Di Maio, leader of the co-ruling 5-Star Movement, said last year that F-35 fighter jets were not a priority for the country and that the programme had to be reviewed in 2019.