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Lockheed Martin Corp

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  • *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.

  • FARNBOROUGH, England, July 17- Traditionally companies which have guarded their secrets closely, arms makers are opening up to partnerships and technology sharing to meet the demands of overseas buyers they need to offset budget cuts at home.

  • Rocket science for lean times: Boeing's new game Thursday, 17 Jul 2014 | 11:41 AM ET
    Boeing's CST-100 prototype

    A Boeing executive says space exploration must be resold to the public in these days of tight budgets and declining interest.

  • *Airbus, Boeing offer cheaper options than scrapped Nimrod. FARNBOROUGH, England, July 17- Two high-profile sea searches have exposed a shortfall in Britain's maritime patrol capabilities, raising hopes at rival planemakers Airbus and Boeing that they could soon be fighting over a multi-billion dollar contract.

  • U.S. Air Force seeking bids to launch spy satellite Wednesday, 16 Jul 2014 | 5:27 PM ET

    CAPE CANAVERAL, Fla., July 16- The U.S. Air Force released the first of up to eight solicitations for space launch services outside of its controversial, exclusive, multibillion-dollar agreement with United Launch Alliance, a partnership of Lockheed Martin and Boeing.

  • FARNBOROUGH, England, July 16- A potential collaboration between Australia and Norway could reduce the costs of integrating Kongsberg Gruppen's Joint Strike Missile into Lockheed Martin's new F-35 fighter jet, the Norwegian Air Force said on Wednesday.

  • Midday Glance: Aerospace companies Wednesday, 16 Jul 2014 | 2:54 PM ET

    Boeing fell $1.72 or 1.3 percent, to $127.38. Lockheed Martin Corp. fell$. 87 or. 5 percent, to $161.75. Northrop Grumman Corp. fell$. 08 or. 1 percent, to $123.07.