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Lockheed Martin Corp (LMT)

LMT on New York Consolidated

28 Oct 2016
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$-0.53 (-0.21%)
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Latest Key Developments (Source: Significant Developments)

Kitron gets order from Lockheed Martin
Tuesday, 25 Oct 2016 02:30am EDT 

Kitron ASA : Lockheed Martin awards contract to Kitron for F-35 work . Has received multimillion dollar contract from Lockheed Martin for production of Integrated Backplane Assembly (IBA) for F-35 low rate initial production program, LRIP 11 .Deliveries start in 2016 and end in 2018.  Full Article

Lockheed martin entered into an extension for its $2.5 bln credit agreement
Friday, 7 Oct 2016 04:33pm EDT 

Lockheed Martin Corp : Effective October 7, 2016, entered into an extension agreement to its $2.5 billion five-year credit agreement dated as of October 9, 2015 .Amendment extends expiration date of credit agreement by one year from october 9, 2020 to October 9, 2021 - SEC filing.  Full Article

Lockheed Martin awarded $79.5 mln contract
Tuesday, 23 Aug 2016 10:46am EDT 

Lockheed Martin Corp: Lockheed Martin awarded $79.5 million contract to provide an open architecture combat management system for the U.S. Navy's frigates .Five-Year contract, which is worth up to $79.5 million, covers fiscal years 2016-2021.  Full Article

Integrated Core Strategies (US) LLC reports 4.5 pct passive stake in Lockheed Martin as of aug. 12
Monday, 22 Aug 2016 05:33pm EDT 

Lockheed Martin Corp :Integrated Core Strategies (US) LLC reports 4.5 percent passive stake in lockheed martin corp as of Aug. 12- Sec filing.  Full Article

Lockheed Martin says final proration factor of about 8.05 pct for shares tendered in exchange offer for it, technical services businesses
Monday, 22 Aug 2016 04:15pm EDT 

Lockheed Martin Corp : Lockheed martin announces final proration factor of approximately 8.05 percent for shares tendered in exchange offer for it and technical services businesses .Co offered to exchange 77 million shares of common stock of abacus for shares of lockheed martin common stock accepted in exchange offer.  Full Article

Leidos Holdings announces closing of merger with Lockheed Martin's IS&GS business
Tuesday, 16 Aug 2016 01:00pm EDT 

Leidos Holdings Inc : Leidos announces closing of the merger with Lockheed Martin's IS&GS business and election of three new directors .Gregory R. Dahlberg, Surya N. Mohapatra, Susan M. Stalnecker named as 3 new directors to serve on Leidos board, which has 12 directors.  Full Article

Lockheed Martin announces preliminary results of offer for IT services units
Tuesday, 16 Aug 2016 11:15am EDT 

Lockheed Martin Corp : Lockheed Martin announces preliminary results of exchange offer for IT and Technical Services businesses .Expects exchange to result in a reduction of Lockheed Martin common stock outstanding by 9.4 million shares.  Full Article

Leidos shareholders re-elect nine directors at annual meeting
Monday, 8 Aug 2016 09:18am EDT 

Leidos Holdings Inc : Merger is expected to be completed on or about august 16, 2016 .Leidos shareholders overwhelmingly approve requirement necessary to complete lockheed martin transaction, re-elect nine directors at annual meeting.  Full Article

Lockheed Martin says Lifeport has obtained FAA's TSO approval for Stanchion Litter System
Monday, 25 Jul 2016 11:00am EDT 

Lockheed Martin Corp :Says Lifeport has obtained FAA's Technical Standard Order (tso) approval for company's Stanchion Litter System.  Full Article

Lockheed says don't have plans for F-35 production stepups for H2 2016-Conf Call
Tuesday, 19 Jul 2016 11:59am EDT 

Lockheed Martin Corp : Says on track to deliver 53 F-35s in FY 2016 . Says significant progress towards IS&GS deal closure continues to be achieved; says deal is expected to close by August 2016 . Says demand for F35s remains strong internationally . Says test helicopters on Sikorsky CH-53K King Stallion program continue to progress through series of increasing payload lift weights to validate capabilities . Says expect to close on the F-35 LRIP 9 and 10 contracts soon and recover significant operating cash tied to those negotiations . Says Turkey still remains very valued NATO partner for co; says look forward to continuing co's business relationship with Turkey . Says will continue to assess situation in Turkey and keep shareholders posted if there's any impact on business . Says income from FAS/CAS in 2016 is about $975 mln; says 2017 income from FAS/CAS would be about $400 mln lower than 2016 . Says required pension contribution in 2018 would be little higher than $1.5 bln . Says, however, sees much stronger cash flows from Sikorsky and F-35 program in 2018 vs 2016 . Says don't have plans for F-35 production stepups for H2 2016, and it could cause second half to look little lighter than H1 2016 . Says F-35 volume level is expected to be higher in H2 2016, and will have dilutive effect on overall margins of Aeronautics biz Further company coverage: [LMT.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article


Turkey expects first F-35 delivery in 2018, plans more orders

ANKARA Turkey expects to take delivery of its first Lockheed Martin Corp F-35A fighter jets in 2018 and has decided to order a second batch, the Undersecretariat for Defense Industries said on Friday.