|Bid||0.00 x 800|
|Ask||0.00 x 1200|
|Day's Range||298.69 - 301.81|
|52 Week Range||274.69 - 363.00|
|PE Ratio (TTM)||36.52|
|Earnings Date||Jul 16, 2018 - Jul 20, 2018|
|Forward Dividend & Yield||8.00 (2.66%)|
|1y Target Est||370.32|
I am writing today to help inform people who are new to the stock market and want to better understand how you can grow your money by investing in LockheedRead More...
Lockheed Martin Corp and two of its subsidiaries have been awarded a $1.1 billion contract for production of F-16 fighter jets for Bahrain, the Pentagon said on Friday.
Lockheed Martin’s (NYSE:LMT) Missile and Fire Control (MFC) business division recently won a $364.6 million contract for Army Tactical Guided Missile and Launching Assembly Service Life Extension program. The segment was successful in clinching contracts worth $282 million for supporting PAC-3 missiles, $279 million for the delivery of PAC-3 missiles, and $200 million for upgrading THAAD and PATRIOT missiles.
The defense contractor sees the new office as a place for innovation and research, in addition to fulfilling cybersecurity contracts.
Elon Musk’s SpaceX has secured a coveted certification from the U.S. Air Force's for its Falcon Heavy rocket, according to CNBC. The certification was awarded to the SpaceX's heavy-lift rocket even before it was launched a second time, marking another significant achievement for Musk's company, which is known for its work on disruptive technology. In an earlier statement, the Air Force Space and Missile Systems Command mentioned that certifying the Falcon Heavy for national security and classified launches may require as few as two flights or as many as 14.
SpaceX landed a major military contract that will require launching the firm's Falcon Heavy rocket from Kennedy Space Center. The Hawthorne, Calif.-based rocket firm, owned by billionaire entrepreneur Elon Musk, on June 21 won a $130 million, two-year contract from the U.S. Air Force to deliver the classified Space Command-52 satellite into orbit, according to the U.S. Department of Defense. This will be SpaceX's first classified mission for the Falcon Heavy rocket, a launch vehicle outfitted with three Falcon 9 boosters.
A sudden sell-off was witnessed in the global stock market, which in turn overweighed the positive impact of the U.S. Senate's approval for fiscal 2019 budget.
A U.S. Senate committee passed a spending bill on Thursday including a provision to block Turkey's purchase of Lockheed Martin F-35 Joint Strike Fighter jets unless it drops a plan to buy S-400 missile defense systems from Russia. If it became law, the measure would block the transfer of F-35s to Turkey until the Secretary of State certified that Turkey is not purchasing and will not accept deliveries of the Russian systems. The amendment is the latest effort by members of Congress to influence NATO ally Turkey not to go ahead with its plan to buy the Russian system.
The Republic of Turkey became the ninth international country to receive an F-35 fighter jet from Lockheed Martin Corp., even after an attempt by the U.S. Senate to block Turkey from acquiring the aircraft on Tuesday.
Since April, Lockheed Martin (NYSE:LMT) stock has been under pressure. Keep in mind that the defense industry has essentially gone out of favor, as seen with the weakness in operators like Northrop Grumman (NYSE:NOC), Raytheon Company (NYSE:RTN) and General Dynamics Corporation (NYSE:GD). President Trump’s summit with North Korean leader Kim Jong Un has resulted in a thawing of relations.
The two fifth-generation jets are the first of what NATO member and F-35 program partner Turkey hopes will be the start of a 100-strong fleet. Both House and Senate versions of the 2019 National Defense Authorization Act contain restrictions on Turkey's participation in the F-35 program due to Ankara's plan to buy Russia's advanced S-400 air defense system. Despite opposition from Congress, Turkey will receive its first F-35 Joint Strike Fighter jets from the Pentagon's top weapons supplier on Thursday.
The Pentagon’s inspector general is reviewing bonuses paid to Lockheed Martin Corp. for performance on contracts to support its F-35 jets in light of questions about whether the military services are getting the spare parts they need. The review will assess “the information used to support all incentive fees paid” and “whether that information substantiates the fee,” Bruce Anderson, a spokesman for acting Inspector General Glenn Fine, said in an email. Lockheed’s production and support contracts for the F-35, the costliest U.S. weapons program, provide for incentive fees, which are paid out if performance goals are met or exceeded.
Advanced IT Concepts Inc. will work with the defense contracting giant for the first time on this deal.
Raytheon CEO Thomas Kennedy is confident that foreign markets will continue to procure U.S. defense systems despite trade disputes. Raytheon is the third-largest U.S. defense company and the world's top manufacturer of guided missiles. Analysts have echoed concerns that U.S. defense contracts with allied partners might get caught in the crosshairs of tit-for-tat tariffs.
The recent warming of relations between the U.S. and North Korea couldn’t have come at a worse time for Boeing (NYSE:BA). Now, both sectors are heavily challenged due to President Trump’s revamped foreign policy, making BA stock suddenly look risky. Boeing’s reversal of fortune is a reminder just how quickly things can change in the markets.
Germany is pressing Washington to clarify whether it would let the Eurofighter Typhoon carry nuclear bombs as part of shared Western defences, an issue that could help decide whether Berlin orders more of the jets, sources familiar with the matter said. Although not a nuclear power, Germany hosts some U.S. nuclear warheads under NATO's nuclear-sharing policy and operates a number of Tornado warplanes that can deliver them. New jets will need to be certified by Washington to carry out nuclear missions, a process which can take years.
White House trade advisor Peter Navarro on Tuesday tore into Chinese trade practices aimed at stealing American companies' intellectual property. The Chinese J-31 fighter jet is believed to be a knockoff of Lockheed Martin's F-35. The F-35, a fifth-generation stealth fighter, is the Pentagon's most expensive weapons system.
The Senate military spending bill would block a Lockheed Martin sale of F-35 fighter jets to Turkey. The NATO member is buying Russia's S-400 air defense system.
Central Florida defense firms are lining up work agreements now that will help create a bright future for the area's economy. Two global defense firms recently won contracts totaling $1 billion that will create five years' worth of work, according to the U.S. Department of Defense. Lockheed Martin's Aeronautics Co. in Fort Worth, Texas, landed a $503.2 million contract from the U.S. Navy on June 15 to provide air vehicle initial spares for the F-35 Lightning II aircraft.
The U.S. Senate's decision to pass a bill prohibiting the sale of Lockheed Martin's F-35 jets to Turkey is unfortunate and against the spirit of strategic partnership, Turkish Prime Minister Binali Yildirim said on Tuesday. The U.S. Senate passed a $716 billion defense policy bill on Monday, backing President Donald Trump's call for a bigger, stronger military, which includes an amendment prohibiting sales of the jets to Turkey. Yildirim was also quoted by broadcaster Haberturk as saying that Turkey was not without alternatives and that the bill would not make Turkey vulnerable.
Turkish officials have criticised a US Senate vote that could block transfers of the F-35 fighter jet to Ankara, a move that reflects increasing tensions between two Nato allies and which could ultimately hold up the sale of 100 planes worth close to $10bn. A bipartisan clause added to the National Defence Authorisation Act — passed by the Senate late on Monday by a vote of 85 to 10 — would prohibit transfer of F-35s to Turkey until a plan is submitted to cut Ankara from participation.