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Lockheed Martin Corp

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  • WASHINGTON, April 23- U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing.

  • Spy plane outlasts Cold War, but not defense cuts Wednesday, 23 Apr 2014 | 1:21 PM ET

    The Air Force wants to gradually retire the fleet of 32 "Dragon Lady" planes, which can soar to an altitude of 70,000 feet, collect intelligence on North Korea and Russia and rapidly send the data to U.S. commanders.

  • The Dow Jones index that tracks the 10 biggest aerospace and defense companies rose 1.75 percent, driven by gains in shares of Lockheed Martin Corp, General Dynamics Corp, and Northrop Grumman Corp, which all reported higher profit and earnings per share this week.

  • Early Glance: Aerospace companies Wednesday, 23 Apr 2014 | 10:29 AM ET

    Boeing rose $2.36 or 1.9 percent, to $129.91. Lockheed Martin Corp. rose $3.09 or 2.0 percent, to $159.78. Northrop Grumman Corp. rose$. 55 or. 5 percent, to $120.34.

  • SYDNEY/ WASHINGTON, April 23- Australia will order 58 more F-35 fighter jets built by Lockheed Martin Corp for A $12.4 billion, Prime Minister Tony Abbott said on Wednesday, a purchase that will raise its air combat power to among the world's most advanced.

  • SYDNEY/ WASHINGTON, April 23- Australia will announce plans on Wednesday to order 58 more F-35 fighter jets built by Lockheed Martin Corp for A $12 billion, sources in Washington and Canberra told Reuters.

  • WASHINGTON, April 22- Lockheed Martin Corp, the Pentagon's largest supplier, on Tuesday reported a 23 percent jump in net profit in the first quarter and raised its earnings per share outlook for the full year by 25 cents.

  • Midday Glance: Aerospace companies Tuesday, 22 Apr 2014 | 1:18 PM ET

    Boeing rose $1.28 or 1.0 percent, to $129.10. Lockheed Martin Corp. fell $2.43 or 1.5 percent, to $159.06. Northrop Grumman Corp. fell$. 04 or percent, to $122.17.

  • WASHINGTON, April 22- Lockheed Martin Corp, the Pentagon's largest supplier, on Tuesday reported a 23 percent jump in operating profit and earnings per share in the first quarter, and raised its earnings per share outlook for the full year by 25 cents.

  • Final Glance: Aerospace companies Monday, 21 Apr 2014 | 6:02 PM ET

    Boeing fell$. 10 or. 1 percent, to $127.82. Lockheed Martin Corp. rose $1.24 or. 8 percent, to $161.49. Textron fell$. 10 or. 3 percent, to $39.44.

  • Early Glance: Aerospace companies Monday, 21 Apr 2014 | 10:31 AM ET

    Boeing rose$. 19 or. 1 percent, to $128.11. Lockheed Martin Corp. rose$. 77 or. 5 percent, to $161.02. Northrop Grumman Corp. rose$. 33 or. 3 percent, to $122.33.

  • *Canadian company ready to mine off Papua New Guinea. NEWCASTLE, England/ LONDON, April 18- The world's first deep sea mining robot sits idle on a British factory floor, waiting to claw up high grade copper and gold from the seabed off Papua New Guinea- when a wrangle over terms is solved. The world waits for the judgement of a United Nations agency based in Jamaica.

  • WASHINGTON, April 17- The Pentagon on Thursday forecast the cost of developing and buying Lockheed Martin Corp's F-35 fighter jet at $398.6 billion, up 2 percent from last year, but said the projected cost to operate and maintain the jets was down about 9 percent.

  • WASHINGTON, April 17- An unmanned U.S. Navy helicopter built by Northrop Grumman Corp and a precision ship-landing system built by Raytheon Co face mandatory reviews that could lead to their cancellation after quantity reductions drove unit costs sharply higher in 2013, the Pentagon announced on Thursday.

  • WASHINGTON, April 17- An unmanned U.S. Navy helicopter built by Northrop Grumman Corp and a precision ship-landing system built by Raytheon Co face mandatory reviews that could lead to their cancellation after quantity reductions drove unit costs sharply higher in 2013, the Pentagon announced on Thursday.

  • OTTAWA, April 17- The Canadian government will take several more weeks to evaluate its options for the much-delayed replacement of the country's CF-18 fighter jets, Public Works Minister Diane Finley said on Thursday.

  • OTTAWA, April 17- The Canadian government will take several more weeks to evaluate the options for the much-delayed replacement of its CF-18 fighter jets, Public Works Minister Diane Finley said on Thursday.

  • Mubadala posts strong profits for Abu Dhabi Thursday, 17 Apr 2014 | 10:28 AM ET

    DUBAI, United Arab Emirates— Abu Dhabi's Mubadala state investment company says profits last year tripled to roughly $395 million on the back of a strong performance from international investments. Mubadala's mandate is to diversify Abu Dhabi's oil-rich economy.

  • Final Glance: Aerospace companies Wednesday, 16 Apr 2014 | 6:02 PM ET

    Boeing rose $1.77 or 1.4 percent, to $126.04. Lockheed Martin Corp. rose $2.05 or 1.3 percent, to $159.44. Northrop Grumman Corp. rose $1.68 or 1.4 percent, to $120.60.

  • WASHINGTON, April 16- The U.S. Defense Department has approved the first trans-Atlantic flight of Lockheed Martin Corp's F-35 fighter jet in July to take part in two international air shows near London, U.S. and British officials said Wednesday.

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