|Bid||0.00 x 800|
|Ask||0.00 x 1800|
|Day's Range||355.85 - 359.10|
|52 Week Range||241.18 - 373.37|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||18.26|
|Earnings Date||Jul 23, 2019|
|Forward Dividend & Yield||8.80 (2.47%)|
|1y Target Est||381.39|
It takes a few decades for compounding to work its wealth building magic. You might want to own stocks you'd be comfortable holding for the long haul to help you along that journey.
KENNEDY SPACE CENTER, Fla., July 20, 2019 /PRNewswire/ -- The goal of humans again walking on the Moon is one giant leap closer. Lockheed Martin (LMT) has completed building the capsule for NASA's Orion spacecraft. The crew module capsule for the uncrewed Artemis 1 mission to the Moon has been stacked on top of the Orion service module, which was also recently finished.
Lockheed Martin was awarded a $1.48 billion contract to build the THAAD missile defense system for Saudi Arabia, bringing the total value of the deal to $5.36 billion, the Pentagon said on Friday. The new contract was a modification to a previously awarded agreement to produce the Terminal High Altitude Area Defense interceptor for Saudi Arabia, the Pentagon said. In November 2018, Saudi and U.S. officials signed letters of offer and acceptance formalizing terms for Saudi Arabia's purchase of 44 THAAD launchers, missiles and related equipment.
Lockheed Martin was awarded a $1.48 billion contract to build the THAAD missile defence system for Saudi Arabia, bringing the total value of the deal to $5.36 billion, the Pentagon said on Friday. The new contract was a modification to a previously awarded agreement to produce the Terminal High Altitude Area Defence interceptor for Saudi Arabia, the Pentagon said. In November 2018, Saudi and U.S. officials signed letters of offer and acceptance formalising terms for Saudi Arabia's purchase of 44 THAAD launchers, missiles and related equipment.
Half a century after Apollo 11, these legacy space companies and upstarts are working to return astronauts to the moon and venture onward to Mars.
Earnings for the top defense stocks are on tap next week with Lockheed Martin, Northrop Grumman, General Dynamics and Raytheon set to report.
Production cut, delay in return to service as well as lower delivery volumes for 737 Max jets are likely to impact Boeing's (BA) earnings and revenues in second-quarter 2019.
Product innovations and robust bookings are likely to aid FLIR Systems' (FLIR) second-quarter revenues. However, negative foreign exchange impacts and U.S. import tariff effects may hurt earnings.
Northrop Grumman (NOC) expects to incur lower interest expenses for the rest of 2019, starting from second quarter. This in turn should drive its bottom line.
Defense industry players in the Valley and Pima County took it on the chin in 2013 when U.S. budget sequestration included $42.7 billion in federal government defense cuts. Those painful days are now in the past and the sector is surging, with more hiring and new contracts.
(Bloomberg) -- President Donald Trump said he’s not looking at economic sanctions against Turkey “right now” following its decision to begin receiving parts of a Russian missile-defense system that has divided the two NATO allies and fueled outrage in Congress.“No, we’re not looking at that right now,” Trump told reporters Thursday at the White House.The lira initially strengthened on the news, though on Friday weakened 0.5% to 5.6464 per dollar as of 9:14 a.m. in Istanbul.The president’s comments came a day after his administration confirmed it’s suspending Turkey’s participation in the F-35 jet program, ending its ability to buy and help build the fighter jet because of President Recep Tayyip Erdogan’s decision to begin receiving parts for the Russian-made S-400 system.Trump’s comments may signal a brief reprieve for Erdogan’s government. Under the Countering America’s Adversaries Through Sanctions Act, or CAATSA, the U.S. is required to impose penalties on Ankara over the missile-defense move. The law doesn’t say how quickly the president has to put those sanctions in place, however.The penalties in CAATSA range from limiting the size of American bank loans to Turkish entities to more severe efforts such as cutting off access to the U.S. financial system, an unlikely step that would shatter the already fragile Turkish economy.Erdogan has sought to blunt any sanctions effort by appealing directly to Trump. Referring to a conversation the two leaders had at the G-20 meeting in Japan last month, Erdogan has said that Trump doesn’t favor sanctions, even if they are supported by some U.S. officials.U.S. lawmakers from both parties have expressed outrage over the S-400 purchase and are likely to press for the toughest sanctions on a menu of options in CAATSA.The U.S. says says the S-400 sale puts at risk the Pentagon’s costliest program, the F-35 built by Lockheed Martin Corp. The U.S. says the Russian air defense system is designed to shoot down North Atlantic Treaty Organization aircraft and can collect critical intelligence that could compromise stealth capabilities of the fifth-generation fighter.‘Tough Situation’Turkey’s cutoff from the F-35 program was a move that Trump has made clear he was reluctant to take. He told reporters on Tuesday that “it is a very tough situation that they are in, and it’s a tough situation that we have been placed in, the United States.”Turkey’s Foreign Ministry on Wednesday said “the exclusion of Turkey as one of the main partners of the F-35 program is unjust and the allegation that S-400 system will weaken the F-35s is invalid.”Erdogan has repeatedly said the purchase is essential to meeting his country’s air defense needs. But the move comes as he and Russian President Vladimir Putin have sought to bolster ties.Turkey, with its planned purchases of about 100 of the F-35s, was one of the four top foreign customers for the program, along with Japan, Australia and the U.K.Ten Turkish companies will be suspended from making more than 900 parts for the F-35 that over the program’s lifetime could generate more than $9 billion in orders, according to the Pentagon.To contact the reporter on this story: Jennifer Jacobs in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Bill Faries at email@example.com, ;Alex Wayne at firstname.lastname@example.org, Laurie Asséo, Justin BlumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Lockheed Martin Corp. snagged a big contract to support an ongoing deal with the U.S. Air Force. The Bethesda, Maryland-based defense contracting giant's Missiles & Fire Control business unit in southwest Orlando won a $23.6 million deal to finance operations to develop the Air Force's Joint Air-to-Surface Standoff Missile (JASSM), according to the U.S. Department of Defense. This was an add-on to a previously awarded $51.1 million contract dating back to September 2018, making the total current contract value worth more than $74 million.
President Trump said Thursday his administration isn't looking at imposing economic sanctions on Turkey now, despite a law that requires penalties for increasing reliance on Russian weapons.
Turkey's ousting from the F-35 program eliminates a customer and forces supply chain alternations for Lockheed Martin.
The Pentagon is crafting a bold strategy for a potential war against Russia or China, shifting military spending priorities for defense stocks.
Lockheed Martin's (LMT) second-quarter 2019 results are likely to benefit from the company's improved segment operating profit and solid revenue growth trends.
Ivanka Trump will visit the Lockheed Martin Corp. (NYSE: LMT) campus in Littleton next week for a roundtable discussion, according to the White House. On Monday, she will join Lockheed Martin executives and employees, including Marillyn Hewson, chairwoman, president and CEO, for the discussion about workforce development and apprenticeship programs in Colorado, as well as across the United States. Trump was scheduled to visit Lockheed Martin May 8, but that visit was postponed following the deadly shooting at STEM School Highlands Ranch.
The High Mobility Artillery Rocket Systems, commonly referred to as HIMARS, will be delivered by 2022 to the U.S. Army, U.S. Marine Corps, Romania and Poland.
Turkish defence companies helping to build F-35 stealth fighter jets are set to lose work worth billions of dollars after Washington said it was removing Turkey from the programme over its purchase of a Russian missile defence system. Eight Turkish firms have been involved in producing the advanced fighter jets, supplying hundreds of items including parts for cockpit display systems and landing gear, on contracts the Pentagon said would have been worth $9 billion over the course of the programme. The head of Turkey's Defence Industry Directorate acknowledged on Thursday that the U.S. decision to move the work elsewhere - and the potential for additional U.S. sanctions - would be a setback for those companies.