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Lockheed Martin Corp (LMT.N)

LMT.N on New York Stock Exchange

267.42USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Lockheed Martin says to expand production for components of F-35 lightning II
Thursday, 23 Mar 2017 12:00pm EDT 

Lockheed Martin Corp : Will expand production for components of F-35 lightning II with a new facility in Johnstown . Lockheed Martin is in process of finalizing plans to lease and equip an additional facility to accommodate new work . New work will entail component painting and preparation for final assembly at production line in Fort Worth, Texas .Begin producing a subset of parts for program beginning in Q4 this year.  Full Article

Lockheed Martin to support DoD's efforts against cyber criminals under new contract
Thursday, 16 Mar 2017 08:04am EDT 

Lockheed Martin Corp : Lockheed Martin Corp - will support Department Of Defense's efforts against cyber criminals under a new contract .Lockheed Martin Corp - DoD renews $347 million contract to continue supporting defense cyber crime center.  Full Article

Wesco Aircraft announced renewal of agreement with Lockheed Martin
Tuesday, 7 Mar 2017 09:00am EST 

Wesco Aircraft Holdings Inc : Wesco Aircraft Holdings Inc - announced renewal of an agreement with Lockheed Martin . Wesco Aircraft Holdings Inc - Wesco will provide chemicals to U.S. military bases globally in support of F-35 program .Wesco Aircraft Holdings - deal renews existing contract to provide chemical management services to certain divisions of Lockheed Martin.  Full Article

Lockheed Martin says Sikorsky and Bristow working to enter into long-term agreement
Tuesday, 7 Mar 2017 09:00am EST 

Bristow Group Inc : Lockheed Martin Corp - Sikorsky and Bristow group working to enter into a long-term agreement . Lockheed Martin Corp - following completion of agreement, training courses are expected to begin later this year . Lockheed Martin-intent of agreement to allow Sikorsky Blackhawk,S-70I,S-92, S-76, light helicopter customers to complete Sikorsky-certified training curriculum .Lockheed Martin- agreement establishes Bristow as Sikorsky's preferred supplier for AB initio pilot training for Sikorsky aircraft customers.  Full Article

Lockheed Martin awards new contract to IBC Advanced Alloys
Thursday, 23 Feb 2017 12:46pm EST 

IBC Advanced Alloys Corp : Lockheed Martin awards new contract to IBC Advanced Alloys with a 16% increase in Beralcast(r) components for the F-35 lightning II aircraft .Total value of new contract is approximately usd $2.6 million.  Full Article

Lockheed Martin awarded U.S. Navy contract for full-rate production of avionics test system
Thursday, 16 Feb 2017 11:26am EST 

Lockheed Martin Corp : Lockheed Martin awarded U.S. Navy contract for full-rate production of avionics test system .Will deliver 63 electronic Consolidated Automated Support System stations as part of $166 million contract.  Full Article

Lockheed Martin says "We may continue to face pressure to reduce costs from new presidential administration relating to F-35 program"
Thursday, 9 Feb 2017 05:30pm EST 

Lockheed Martin Corp : Lockheed Martin - We may continue to face pressure to reduce costs from new presidential administration relating to F-35 program . Lockheed Martin - Uncertainty regarding actions that may be taken by new presidential administration in light of recent criticisms of F-35 program . Lockheed Martin - Decision to cut spending or reduce planned orders for F-35 would have an adverse impact on results of operations . Lockheed Martin - F-35 is expected to represent a higher percentage of co's sales in future years - SEC filing . Lockheed Martin - Given size of F-35 program, expect continual reviews of aircraft performance, program schedule as part of oversight and budgeting processes .Lockheed Martin - Due to co's "diverse range" of products, less likely that cuts in any specific contract or program will have long-term effect on business.  Full Article

Lockheed Martin says it believes only F-35 meets requirements of our military-CNBC
Friday, 27 Jan 2017 02:38pm EST 

: Lockheed Martin, after defense department announces review of F-35 program, says it believes only F-35 meets requirements of our military-CNBC ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Lockheed Martin sets Q1 2017 dividend of $1.82 per share
Thursday, 26 Jan 2017 01:05pm EST 

Lockheed Martin Corp : Lockheed Martin declares first quarter 2017 dividend .Sets quarterly dividend of $1.82 per share.  Full Article

Lockheed Martin receives $1.45 billion contract for PAC-3 missiles
Thursday, 22 Dec 2016 06:31pm EST 

Lockheed Martin Corp : Lockheed Martin receives $1.45 billion contract for pac-3 missiles .Contract includes PAC-3, PAC-3 MSE missile deliveries for U.S. Army, and foreign military sales of PAC-3 interceptors, among others.  Full Article

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NATO to spend 3 billion euros on satellite, cyber defenses

BRUSSELS NATO plans to spend 3 billion euros ($3.24 billion) to upgrade its satellite and computer technology over the next three years as the Western military alliance adapts to new threats, a senior official said.