|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||313.52 - 319.50|
|52 Week Range||286.03 - 363.00|
|PE Ratio (TTM)||38.84|
|Earnings Date||Jul 24, 2018|
|Forward Dividend & Yield||8.00 (2.59%)|
|1y Target Est||369.37|
The Pentagon said Sunday that it had reached a multi-billion-dollar “handshake deal” with Lockheed Martin Corp. on buying the next batch of F-35 combat jets after months of wrangling over price and other terms. Ellen Lord, the Pentagon’s chief weapons buyer, announced the preliminary deal in a statement on the eve of the biennial Farnborough Air Show, though last week she canceled plans to attend the U.K. event, citing other commitments. The F-35 is the world’s largest military program and already accounts for about a quarter of Lockheed’s annual sales, as well as significant shares at partners including Northrop Grumman Corp., BAE Systems PLC and United Technologies Corp., the latter of which finalized a deal on the engines for the new jets earlier this year.
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Lockheed chosen to launch Britain's commercial space age ...
Aerospace firms are setting out wares from luxury jets to lethal drones at back-to-back British air shows this week, hoping trade tensions will not deter airlines from buying jetliners even as geopolitical uncertainty allows them to sell more weapons. The quintessentially English atmosphere of the Royal International Air Tattoo, where straw-hatted VIPs watch fighters thunder over picturesque Cotswolds villages, gives way on Monday to the Farnborough Airshow, where the hard-nose business deals in the $800 billion (604.59 billion pounds) aerospace and defence sector will be done. Trade tensions between the United States and both China and Europe, disputes over the consequences of Britain's exit from the European Union and an increase in global protectionist rhetoric have barely dented a prolonged industry boom.
L3 Technologies Inc (LLL.N) said on Sunday it hired former senior Lockheed Martin Corp (LMT.N) executive Steve O'Bryan as its global chief of business development, the latest in a series of appointments aimed at expanding the company's reach. O'Bryan's departure from Lockheed this past spring had come as a surprise to many in the industry, given his long years of work drumming up business for the company's F-35 fighter jet and in more recent years, helicopters, warships and other weapons. At L3, O'Bryan will be responsible for all aspects of organic growth, including U.S. military programmes and foreign sales, the company said.
L3 Technologies Inc said on Sunday it hired former senior Lockheed Martin Corp executive Steve O'Bryan as its global chief of business development, the latest in a series of appointments aimed at expanding the company's reach. O'Bryan's departure from Lockheed this past spring had come as a surprise to many in the industry, given his long years of work drumming up business for the company's F-35 fighter jet and in more recent years, helicopters, warships and other weapons. At L3, O'Bryan will be responsible for all aspects of organic growth, including U.S. military programmes and foreign sales, the company said.
The United States has struck a preliminary deal to buy F-35 jets from Lockheed Martin (LMT.N) worth about $13 billion (9.82 billion pounds), clearing the way for a larger multi-year purchase that aims to bring the cost per jet down to $80 million by 2020, sources said. The deal for 141 F-35s lowers the price of the F-35A, the most common version of the stealthy fighter jet, to about $89 million, down around 6 percent from $94.3 million in the last deal struck in February 2017, the sources familiar with the talks said. Bringing down the cost of the world's most expensive defence programme is crucial to securing more orders, both in the United States and abroad.
Tough talk from Trump should have the intended result, but could also motivate European allies to spend more on domestically produced goods.
Integrating a blockbuster acquisition and bouncing back from a spate of bad publicity are just a couple of the things facing Kathy Warden when she succeeds Wes Bush Jan. 1.
Space Systems/Loral, LLC, known as SSL, is laying off roughly 5 percent of its workforce, citing more slowdowns in the satellite business. The Palo Alto rocket manufacturing company confirmed Thursday that it will lay off off 109 employees at its Palo Alto headquarters at 3825 Fabian Way. The list of jobs affected include executive directors, several senior engineers, a marketing vice president and supply chain vice presidents, according to a recent filing with the state employment department, which requires companies to provide advance notice of mass layoffs.
MARINETTE, Wis., July 13, 2018 /PRNewswire/ -- Littoral Combat Ship (LCS) 13, the future USS Wichita, completed Acceptance Trials in the waters of Lake Michigan. LCS 13 is the seventh Freedom-variant LCS designed and built by the Lockheed Martin (LMT)-led industry team, and is slated for delivery to the U.S. Navy later this summer. "LCS 13's completion of Acceptance Trials means this ship is one step closer to joining the fleet and conducting critical maritime operations for the Navy," said Joe DePietro, vice president, Small Combatants and Ship Systems at Lockheed Martin.
FORT WORTH, Texas , July 13, 2018 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) Skunk Works ® and the Defense Advanced Research Projects Agency (DARPA) recently performed a series of flight tests demonstrating ...
Despite rising global trade tensions over the recent months, the Street's earnings estimates have inched higher, suggesting that business conditions remain strong, particularly for domestic-facing companies. In the three-month period ended June, earnings estimates for S&P 500 companies rose 0.8%, according to data from FactSet and as reported by Barron's. While a modest gain, the jump is significant as it counters the historical trend over the past decade in which analysts have marked down their quarterly estimates by an average of 5% from a period's start to end.
Surging shares of technology companies sent the Nasdaq Composite to a new record, as major indexes rebounded from a trade-fueled midweek stock selloff. Tech firms led the stock market higher, as investors returned to the pro-growth investment strategy that has worked throughout much of the long-running rally. A major software-deal announcement appeared to underscore the buying spree, sending the S&P 500 technology sector up 1.8%, the most of the broad index’s 11 major sectors.
Wes Bush is stepping down as chief executive of Northrop Grumman Corp. at the end of the year and will be succeeded by Kathy Warden. The move had been anticipated after Ms. Warden was elevated to chief operating officer last year, but the change comes at a crucial time for the big defense contractor making the B-21 long-range bomber and parts of the F-35 fighter jet produced by Lockheed Martin Corp. Mr. Bush had led Northrop for nearly nine years, and the company has in recent months faced concerns about its ability to execute big programs following delays and cost over-runs in projects such as the James Webb Space Telescope.
Wes Bush had served in that top spot since 2010 for the Falls Church defense contractor, one of the largest in the world and the sixth-largest public company in the Washington region.
U.S. President Donald Trump said on Thursday he was ready to help smaller NATO countries to buy U.S. weapons as he pushed them to spend more on their own defence. Speaking after a NATO summit, at which he said nations had agreed new spending pledges, Trump said some less wealthy members had asked during meetings in Brussels if he could help them buy U.S. arms equipment, but did not name the countries. Asked about pressures on countries with weaker finances, he said, "We have many wealthy countries with us today but we have some that aren't so wealthy and they did ask me if they could buy the military equipment, and could I help them out, and we will help them out a little bit," he told a news conference.
(Reuters) - U.S. companies aspiring to revive supersonic jet travel in the wake of Europe's Concorde have built a business case around faster speeds for high-paying travellers, but face the challenge of ...
Donald Trump met with business people from both sides of the Atlantic Ocean Thursday evening as his host Theresa May aimed to impress the U.S. president with Blenheim Palace, the opulent 300-year-old birthplace of World War II leader Winston Churchill. “Mr. President, Sir Winston Churchill once said that ‘to have the United States at our side was, to me, the greatest joy,”’ May told Trump at the dinner, according to her office. Fresh from a NATO summit in Brussels in which he demanded other Western nations double their defense contributions to 4 percent of gross domestic product, May is organizing the formal dinner -- tuxedo and black tie a must -- to talk up trade prospects with the U.S. following Brexit next year.
The Zacks Analyst Blog Highlights: Apple, NVIDIA, Lockheed Martin, Intercontinental Exchange and Johnson Controls
Suneera Madhani is facing some pressure to leave the city where she built her financial-tech firm from just two employees to a 75-member team. Orlando-based Fattmerchant Inc. last fall secured $5.5 million in venture capital led by Atlanta-based Fulcrum Equity Partners, which Madhani said helped her firm create more jobs and expand its downtown Orlando office space. “That is what our investors want,” Madhani revealed during Orlando Business Journal’s Technology Industry Outlook on July 9, adding that she plans to keep the firm in Orlando.
DENVER, July 11, 2018 /PRNewswire/ -- Lockheed Martin (LMT) has embraced a 3-D printed titanium dome for satellite fuel tanks so big you can't even put your arms around it. The 46-inch- (1.16-meter-) diameter vessel completed final rounds of quality testing this month, ending a multi-year development program to create giant, high-pressure tanks that carry fuel on board satellites. The titanium tank consists of three parts welded together: two 3-D printed domes that serve as caps, plus a variable-length, traditionally-manufactured titanium cylinder that forms the body.
Lockheed Martin's (LMT) DMS-M program provides B-2 fleet with advanced situational awareness, enhanced lethality and networked battle-space awareness.