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Lockheed Martin Corp

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  • Final Glance: Aerospace companies Thursday, 24 Jul 2014 | 6:22 PM ET

    Boeing fell $2.31 or 1.8 percent, to $124.40. Lockheed Martin Corp. rose $1.87 or 1.1 percent, to $169.97. Northrop Grumman Corp. rose $1.31 or 1.0 percent, to $127.92.

  • Midday Glance: Aerospace companies Thursday, 24 Jul 2014 | 1:23 PM ET

    Boeing fell $2.24 or 1.8 percent, to $124.47. Lockheed Martin Corp. rose$. 77 or. 5 percent, to $168.87. Northrop Grumman Corp. rose$. 86 or. 7 percent, to $127.47.

  • Early Glance: Aerospace companies Thursday, 24 Jul 2014 | 11:37 AM ET

    Boeing fell $2.18 or 1.7 percent, to $124.53. Lockheed Martin Corp. rose$. 24 or. 1 percent, to $168.34. Northrop Grumman Corp. rose$. 80 or. 6 percent, to $127.41.

  • July 24- U.S. weapons maker Raytheon Co reported a 13 percent rise in second-quarter profit, helped by cost cutting and favorable pension adjustments, and maintained its full-year forecast. Raytheon has been expanding its presence in Europe, Asia and the Middle East and beefing up its global supply chain in the face of tightening U.S. defense budget.

  • Social Security's $300M IT project doesn't work Thursday, 24 Jul 2014 | 3:06 AM ET

    WASHINGTON— After spending nearly $300 million on a new computer system to handle disability claims, the Social Security Administration still can't get it to work. Six years ago, Social Security embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims.

  • Social Security spent $300M on 'IT boondoggle' Wednesday, 23 Jul 2014 | 4:45 PM ET

    WASHINGTON— Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. In 2008, Social Security said the project was about two to three years from completion.

  • *General Dynamics, Northrop beat profit estimates. *General Dynamics reports higher aerospace orders. July 23- U.S. weapons makers General Dynamics Corp and Northrop Grumman Corp raised their 2014 profit forecasts as cost cutting allowed them to improve profitability even as defense spending by the U.S. government remained low.

  • Ford names Galhotra as Lincoln's new president Tuesday, 22 Jul 2014 | 4:39 PM ET

    DEARBORN, Mich.— Ford's luxury Lincoln division is getting a new president. Kumar Galhotra, Ford's vice president of engineering, will become president of Lincoln on Sept. 1. Ford's global marketing chief, Jim Farley, led Lincoln for the last 18 months.

  • Solid earnings drive more gains in US stocks Tuesday, 22 Jul 2014 | 4:09 PM ET

    NEW YORK— U.S. stocks are closing higher as more companies turn in solid earnings. Lockheed Martin rose 3 percent after the defense contractor's profit and revenue beat analysts' forecasts. Comcast rose 2 percent after reporting higher profit than the market was expecting.

  • Lockheed 2Q profit rises 3.5 percent Tuesday, 22 Jul 2014 | 2:59 PM ET

    BETHESDA, Md.— Lockheed Martin Corp. on Tuesday reported earnings that increased by 3.5 percent in its second quarter, and topped analysts' expectations. The Bethesda, Maryland- based company said profit increased to $889 million, or $2.76 per share, from $859 million, or $2.64 per share, in the same quarter a year ago.

  • Midday Glance: Aerospace companies Tuesday, 22 Jul 2014 | 1:57 PM ET

    Boeing rose$. 79 or. 6 percent, to $129.09. Northrop Grumman Corp. rose$. 93 or. 7 percent, to $126.05. Raytheon rose$. 93 or 1.0 percent, to $96.75.

  • *Q2 earnings $2.76/ share vs $2.64 a year earlier. July 22- Lockheed Martin Corp, the Pentagon's largest defense supplier, reported a 3.5 percent rise in quarterly profit on Tuesday and raised its full-year earnings forecast, sending its shares up more than 2 percent.

  • Early Glance: Aerospace companies Tuesday, 22 Jul 2014 | 11:16 AM ET

    Boeing rose$. 78 or. 6 percent, to $129.08. Lockheed Martin Corp. rose $3.53 or 2.2 percent, to $166.51. Northrop Grumman Corp. rose$. 64 or. 5 percent, to $125.75.

  • *Raises 2014 profit forecast to $10.85- $11.15/ share. July 22- Lockheed Martin Corp, the Pentagon's largest defense supplier, reported a 3.5 percent rise in quarterly profit as higher interest rates lowered its pension liability.

  • Stocks open higher; Comcast, Lockheed gain Tuesday, 22 Jul 2014 | 9:57 AM ET

    Comcast rose 1.3 percent after reporting higher profits than investors were expecting. Defense contractor Lockheed Martin rose 2 percent after the company's income and revenue beat analysts' forecasts. The DAX in Germany and the CAC-40 in France both rose 1 percent.

  • *Raises 2014 profit forecast to $10.85- $11.15/ share. July 22- Lockheed Martin Corp, the Pentagon's largest defense supplier, reported a 3.5 percent rise in quarterly profit as it benefited from a change in pension plans for some non-union employees.

  • Lockheed Martin raises 2014 profit forecast Tuesday, 22 Jul 2014 | 7:27 AM ET

    July 22- Lockheed Martin Corp, the. The company raised its full-year earnings forecast to $10.85- $11.15 per share, from $10.50- $10.80. Net income rose to $889 million, or $2.76 per share, in the second quarter ended June 29, from $859 million, or $2.64 per share, a year earlier.

  • Global stocks recover as plane tensions ease Tuesday, 22 Jul 2014 | 12:32 AM ET

    TOKYO— World stock markets rose Tuesday as tensions over the downing of a passenger jet in Ukraine eased after pro- Moscow separatists released a train packed with bodies and handed over the aircraft's black boxes. In Europe, Britain's FTSE 100 gained 0.5 percent to 6,764.55 and Germany's DAX added 0.8 percent to 9,689.15.

  • Final Glance: Aerospace companies Monday, 21 Jul 2014 | 6:01 PM ET

    Boeing rose$. 66 or. 5 percent, to $128.30. Lockheed Martin Corp. rose$. 49 or. 3 percent, to $162.98. Northrop Grumman Corp. rose $1.25 or 1.0 percent, to $125.12.

  • *Lockheed Martin, Airbus and Boeing are still in the race. COPENHAGEN, July 21- Swedish defense company Saab has dropped out of a tender to supply Denmark with up to 30 fighter jets, the Danish Defense Ministry said on Monday, confirming an earlier report.