360.56 0.00 (0.00%)
After hours: 5:35PM EDT
|Bid||359.00 x 1200|
|Ask||361.55 x 1100|
|Day's Range||359.74 - 362.80|
|52 Week Range||241.18 - 363.33|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||18.44|
|Earnings Date||Jul 22, 2019 - Jul 26, 2019|
|Forward Dividend & Yield||8.80 (2.44%)|
|1y Target Est||370.06|
The Missiles and Fire Control division of Lockheed Martin won a lucrative $561.8 million contract from the U.S. government for missile production.
A SpaceX launch early Tuesday saw the Falcon Heavy carrying Air Force payloads for the first time, on its way to eventually putting satellites in multiple orbits.
SpaceX launched its Falcon Heavy rocket valued at $90 million from NASA’s Kennedy Space Center early this morning, June 25, at 2:30 a.m. (See the photo tweeted by SpaceX below.) This was to "be among the most challenging launches in SpaceX history with four separate upper-stage engine burns, three separate deployment orbits, a final propulsive passivation maneuver and a total mission duration of over six hours," according to the firm's website. The Falcon Heavy's reusable side boosters for the mission previously were used for the Arabsat-6A mission in April. Following booster separation for this new mission, the two side boosters landed at SpaceX's Landing Zones 1 and 2 at Cape Canaveral Air Force Station, and the center core tried to land on the "Of Course I Still Love You" droneship, but instead splashed into the Atlantic Ocean.
TransDigm stock is among the top defense stocks to watch. The components maker supplies aircraft firms such as Boeing, Lockheed and Northrop Grumman.
Turkey has purchased Russian missile defences and is discussing a delivery date irrespective of any U.S. sanctions, Foreign Minister Mevlut Cavusoglu said on Monday, adding the United States is isolated as it also squeezes Turkey on F-35 jets. The Pentagon announced earlier this month that training by Turkish pilots on F-35 fighter jets had been halted at a U.S. air base in Arizona following Turkey's purchase of Russian S-400 defence systems. Washington says the S-400 is incompatible with NATO's defence network and could compromise its F-35 fighter jets, an aircraft Turkey is helping build and planning to buy.
U.S. arms makers say European demand for fighter jets, missile defenses and other weapons is growing fast amid heightened concerns about Russia and Iran. The U.S. government sent a group of unusually high-ranking officials including Commerce Secretary Wilbur Ross to the Paris Airshow this year, where nearly 400 U.S. companies were showcasing equipment as the United States and Iran neared open confrontation in the Persian Gulf.
Iraqi and U.S. military spokesmen denied on Saturday that U.S. forces were preparing to evacuate hundreds of staff of Lockheed Martin Corp and Sallyport Global from an Iraqi military base where they work as contractors. Four separate military sources, who spoke to Reuters on condition of anonymity, said on Friday the contractors from the two firms had been preparing to leave Balad military base, which hosts U.S. forces some 80 km (50 miles) north of Baghdad, over "potential security threats", without saying what those threats might be. One of the military sources and a fifth security source later said the evacuation had been called off early on Saturday after U.S. and Iraqi military personnel assured the companies that safety measures would be stepped up around the base.
U.S. and Iranian officials said the latter downed a U.S. military drone near the Strait of Hormuz on Thursday. These sector ETFs and stocks are likely to gain.
U.S. President Donald Trump said on Friday he aborted a military strike to retaliate for Iran's downing of an unmanned U.S. drone because it could have killed 150 people, and signaled he was open to talks with Tehran. An Iranian surface-to-air missile destroyed a U.S. Global Hawk surveillance drone on Thursday. Tehran said the drone was shot down over its territory and Washington said it occurred in international airspace over the Strait of Hormuz.
Airbus (EADSY) continues to win orders for fuel-efficient airplanes in the 53rd International Paris Air Show. Its newly-launched A321XLR model continues to create a stir among customers.
In fact, it turns out that the U.S. was indeed razor close to a military response, when on a dime markets turned higher again as President Trump seemed to offer Iranian leadership a way out -- allowing the possibility that the drone may have been shot down by a rogue actor. Treasury markets likely overreacted to the FOMC's forward signaling on policy, I would think that there could be some back-up there on Friday, at least early. What is clear, though, is that traders are trying to anticipate a rebirth of a near-ZIRP (Zero Interest Rate Policy) environment that forces markets into risk assets, or what is known to equity traders as TINA (There Is No Alternative).
Yields on U.S. government and other sovereign debt around the world are now at multi-year lows. —after Iran said it had shot down a U.S. military drone flying in its airspace. The U.S. said in response that the plane was in international airspace.
The U.S. Senate on Thursday voted to block the sale of billions of dollars in military sales to Saudi Arabia, the United Arab Emirates and other countries, rejecting President Donald Trump's decision to sidestep Congress' review of such deals by declaring an emergency over Iran. Trump has promised to veto the Senate action in order to proceed with the deals, worth some $8.1 billion. Senators would need 67 votes to override his veto, which looked unlikely after Thursday's votes.
LE BOURGET, France, June 20, 2019 /PRNewswire/ -- With an agreement in place to explore U.S. military tanking opportunities, Airbus and Lockheed Martin senior executive leaders met for some "tanker talk" during the 2019 Paris Air Show.