353.49 -0.03 (-0.01%)
After hours: 4:47PM EDT
|Bid||353.52 x 900|
|Ask||353.18 x 900|
|Day's Range||348.39 - 354.28|
|52 Week Range||241.18 - 358.63|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||18.08|
|Earnings Date||Jul 22, 2019 - Jul 26, 2019|
|Forward Dividend & Yield||8.80 (2.60%)|
|1y Target Est||370.06|
Companies have struggled to find available office space in Orlando, as a mere three spaces with more than 50,000 square feet currently are open in Central Florida.
Raytheon and Northrop Grumman shares jumped Tuesday after the defense contractors announced they were teaming up to build hypersonic weapon engines.
The Zacks Analyst Blog Highlights: Boeing, Lockheed, Raytheon, General Dynamics and Huntington
The Lower Tier Air and Missile Defense Sensor program bolsters air and missile defense SYRACUSE, N.Y. , June 18, 2019 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) successfully completed a demonstration ...
Advanced Engage on Remote Capability Delivered to Combatant Commands PARIS , June 18, 2019 /PRNewswire/ -- Through ongoing modernization to the command, control, battle management and communications (C2BMC) ...
What I saw was the euro fall off of cliff, the U.S. Dollar Index (DXY) spike, and Dow futures run from well below fair value to well above in response to European equity markets doing the same. In response, at least in the middle of what some of you call night, 10-year German bunds were yielding a negative 0.295%, while U.S.10-year notes were giving up 2.05%, suggesting that if the ECB is preparing to once again crank up their purchasing of sovereign, agency, and corporate debt (quantitative easing), that the Fed might need to be more dovish. Keep in mind that in addition to the Federal Open Market Committee (FOMC) policy meeting that kicks off here on Tuesday and culminates on Wednesday, that the markets will hear from the Bank of Japan on Wednesday and the Bank of England on Thursday.
Turkey said on Tuesday a U.S. warning that Ankara would be removed from Washington's F-35 fighter jet programme unless it drops a planned purchase of a Russian air defence system was out of keeping with the spirit of NATO partnership. A letter sent by U.S. acting Secretary of Defense Pat Shanahan to his Turkish counterpart earlier this month warning of the F-35 cancellation, and Ankara's insistence on installing the Russian S-400 system, has stoked tensions between the NATO allies. Ankara has condemned the letter, saying it will not back down from its decision to acquire the S-400 missiles, which Turkish President Tayyip Erdogan on Saturday said would arrive in Turkey in the first half of July.
U.S. Acting Defense Secretary Patrick Shanahan and his Turkish counterpart Hulusi Akar remain in contact about Ankara's plans to buy a Russian air defence system, and may meet during NATO meetings in Brussels next week, NATO's commander told Reuters. U.S. General Tod Wolters said the military-to-military relationship between the United States and NATO remained "absolutely, positively solid," despite Washington's decision to cancel Turkey's purchase of F-35 stealth fighters if it proceeds with its purchase of the Russian S-400 air defence system. "We won’t co-locate those two assets, the S-400 and the F-35," Wolters said at the Paris Airshow.
(Bloomberg) -- Crane Co. is ramping up pressure on rival Circor International Inc. by taking its $45-a-share takeover offer directly to the industrial product manufacturer’s shareholders.Crane has commenced an unsolicited, all-cash tender offer for the flow control equipment maker’s outstanding shares, Circor said in a statement Monday, confirming an earlier Bloomberg News report."The Circor board of directors will carefully review and evaluate Crane’s tender offer to determine the course of action that it believes is in the best interests of Circor and its shareholders," the company said. The board intends to make a recommendation to shareholders on the offer within 10 business days.The tender offer, which would crystallize Crane’s unrequited overtures into a formal hostile takeover proposal, is aimed at forcing Circor’s management to the negotiating table to avoid facing the prospect of a shareholder referendum on the deal."This cash tender offer provides Circor shareholders the opportunity to send a clear message to the Circor board," Crane Chief Executive Officer Max Mitchell said in a statement Monday. "Circor shareholders have endured five years of underperformance and a series of value-destroying capital allocation decisions by current management."The offer represents about a 50% premium above Circor’s share price on May 20, the day before Bloomberg first reported Crane’s interest in acquiring it. Circor rose less than 1 percent to $45.02 at 12:55 p.m. in New York on Monday, valuing the Burlington, Massachusetts-based company at $896 million. Crane’s largest customers by revenue include Boeing Co. and Airbus SE, while Circor’s include Lockheed Martin Corp. and Exxon Mobil Corp.The push comes almost two weeks after Mitchell criticized Circor’s board for refusing to engage in merger talks despite a series of offers to do so. In a letter dated June 4, Mitchell said Circor’s board had “provided no significant rationale for its rejection,” calling it a “disservice to Circor shareholders.”In the same letter, Mitchell said Crane was willing to improve the terms of its $45-a-share offer should Circor decide to engage.Mario Gabelli, chairman of Gamco Investors Inc., which owns 15.2% of Circor’s stock and is the largest investor, has also criticized the board’s failure to engage with Stamford, Connecticut-based Crane.In an interview last month, Gabelli said “there is no way you could talk about this as proper governance.”(Updates with comment from Crane CEO in fifth paragraph.)To contact the reporter on this story: Ed Hammond in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Elizabeth Fournier at email@example.com, Kevin MillerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
CAMDEN, Ark., June 17, 2019 /PRNewswire/ -- Lockheed Martin (LMT) is investing $142 million in its Camden facility in Arkansas and adding 326 new jobs by 2024. Arkansas Gov. Asa Hutchinson joined Lockheed Martin executives during the Paris Air Show announcing this impactful investment and demonstrating on an international stage, Arkansas' favorable conditions for the aerospace business. "Lockheed Martin is a leading technology firm with facilities and clients around the world," said Hutchinson.
Washington is looking at imposing financial sanctions on Turkish firms beyond those that build parts for the Lockheed Martin F-35 fighter jet, over Ankara's plans to buy a Russian air defence system, a top Pentagon official said on Monday. Chief arms buyer Ellen Lord said U.S. officials viewed Turkey as an important NATO ally and urged it to drop its plans to buy the Russian-built S-400 air defence system so that its companies could continue to build critical parts for a wide range of other U.S. weapons systems beside the F-35 fighter jet.
The private aerospace and defense industry was the state’s largest export in 2018, totaling $1.8 billion.
TITUSVILLE, Fla. , June 17, 2019 /PRNewswire/ -- The U.S. Air Force's fifth Lockheed Martin (NYSE: LMT) built Advanced Extremely High Frequency satellite ( AEHF-5 ) completed encapsulation into its payload ...
The recent attacks on oil tankers rattle the international petroleum market. If U.S. initiates a war in the Middle East, U.S. defense majors are likely to gain.
A team led by Bethesda-based Lockheed Martin Corp. (NYSE: LMT) has launched its latest littoral combat ship, the future USS Minneapolis-Saint Paul, into Wisconsin's Menominee River. This is the eighth LCS delivered to the Navy, and eight more are in various stages of production and test. Lockheed and Fincantieri Marinette Marine will deliver two ships, complete sea trials for two more, commission three more and start construction on two this year alone.
If you're not investing in companies with women CEOs, you might want to start. The stock-price performance of companies with female executives in the corner office is stellar.
Rapid development and testing continues through 2019 PARIS , June 17, 2019 /PRNewswire/ -- The U.S. Air Force and Lockheed Martin (NYSE: LMT) successfully flight tested the AGM-183A Air-Launched Rapid ...
PARIS , June 17, 2019 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) successfully delivered the 500 th Electro-Optical Targeting System (EOTS). All units have been delivered on time or ahead of schedule to ...
Lockheed Martin F-35 program manager Greg Ulmer said on Monday he had "no concern" that the proposed merger of Raytheon Co and United Technologies Corp would affect the F-35 program or pressure its margins. "I don't see any concern," Ulmer told reporters at the Paris Airshow when asked if the merger of two key suppliers would affect the F-35 program, which is working hard to reduce costs.
The U.S. continues to be the world's top military spender by far, at $619 billion in 2018. China is a distant second at $250 billion but it's moving fast.
US defence executives sounded a bullish note on the outlook for the industry on the eve of the Paris air show, saying they expected governments to boost spending in new technologies to counter evolving threats. Plans announced by United Technologies and Raytheon last week to merge to form a $120bn aerospace and defence behemoth have raised questions about whether spending in the US, the world’s biggest defence market, will plateau after 2020.
Turkish President Tayyip Erdogan said he expected Russian S-400 missile defence systems to start arriving in Turkey in the first half of July, broadcaster NTV reported on Sunday, a development set to fuel tensions with NATO ally Washington. The S-400s are not compatible with NATO's systems and have been a growing source of discord between Turkey and the United States in recent months. Indeed the S-400 issue is settled," Erdogan was cited as telling reporters on his plane returning from a visit to Tajikistan, where he attended a summit and met Russian President Vladimir Putin.