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Stocks Lockheed Martin Corp

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  • WASHINGTON, July 29- The U.S. State Department has approved the possible sale to Saudi Arabia of $5.4 billion in additional PAC-3 missiles built by Lockheed Martin Corp, the Pentagon said on Wednesday. The Defense Security Cooperation Agency said the sale would benefit a key U.S. partner in the Middle East. Notification to Congress was sent on Tuesday and follows...

  • July 24- The U.S. Department of Justice has informed Sikorsky Aircraft that it has started a criminal investigation into allegations the helicopter maker overbilled the U.S. Navy for a contract, Sikorsky's parent company, United Technologies Corp, said on Friday. The Justice Department told Sikorsky of the probe on July 13, and requested that Sikorsky and two...

  • July 24- The U.S. Department of Justice told Sikorsky Aircraft that it had started a criminal investigation, alleging that the helicopter maker had overbilled the U.S. Navy for a contract. The DOJ informed Sikorsky of the probe on July 13 and said it is seeking about $148 million in claims, Sikorsky's parent United Technologies Corp said in a filing on Friday.

  • WASHINGTON, July 23- Lockheed Martin Corp has won $1.56 billion in new foreign orders for PAC-3 missiles used in the Patriot missile defense system built by Raytheon Co, the U.S. Defense Department said on Thursday. The Pentagon's Defense Security Cooperation Agency announced the possible sale of up to $1.75 billion in PAC-3 missiles and associated equipment...

  • Overbought: 7 stocks ready to drop Thursday, 23 Jul 2015 | 9:34 AM ET
    Google headquarters in Mountain View, California.

    A group of S&P 500 stocks has significantly moved away from their trading ranges and may be ready to drop as the market rolls over.

  • WASHINGTON, July 23- Raytheon Co posted higher-than-expected earnings and revenues for the second quarter, aided by strong international bookings and the favorable impact of a tax settlement, and the U.S. weapons maker lifted its revenue target for the full year. Raytheon, maker of the Patriot missile system, reported net earnings of $504 million from...

  • WASHINGTON, July 22- Lockheed Martin Corp's decision to buy helicopter maker Sikorsky Aircraft and sell $6 billion in lower-margin units marks a clear turning point for Lockheed CEO Marillyn Hewson, who is shaking up the world's largest weapons maker. Thrust into the CEO job in January 2013 after retiring CEO Robert Stevens' designated successor was fired for...

  • DEALTALK-Spending cuts fuel government contractor M&A Wednesday, 22 Jul 2015 | 12:59 AM ET

    NEW YORK/ WASHINGTON, July 22- Companies that provide the U.S. government with services ranging from air traffic management and data analytics to janitors and trainers for military dolphins are increasingly trying to find buyers for those businesses as cuts in public spending erode profit margins. Showing growing impatience with a declining sector,...

  • Dow closes off triple digits as IBM, UTX slide Tuesday, 21 Jul 2015 | 4:00 PM ET
    A trader works on the floor of the New York Stock Exchange.

    U.S. stocks closed lower, with the Dow Jones industrial average pressured by lackluster earnings from a few blue chips.

  • Early movers: TRV, UTX, VZ, RF, DEPO, NKE & more Tuesday, 21 Jul 2015 | 8:04 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • WASHINGTON, July 20- Lockheed Martin Corp said Monday it would buy Black Hawk maker Sikorsky Aircraft from United Technologies Corp for $9 billion, cementing Lockheed's dominance in weapons making. The Pentagon's largest supplier called Sikorsky a "national icon" and said the net cost of the deal was around $7.1 billion, taking into account tax benefits.

  • Lockheed to buy Sikorsky from United Tech for $9B Monday, 20 Jul 2015 | 8:44 AM ET
    A Black Hawk S-70i helicopter, manufactured by United Technologies Corp.'s Sikorsky Aircraft unit

    Lockheed Martin on Monday announced plans to acquire Sikorsky Aircraft from United Technologies in a deal valued at $9 billion.

  • WASHINGTON, July 20- Lockheed Martin Corp said Monday it would buy Sikorsky Aircraft, the helicopter unit of United Technologies Corp, for $9 billion, and would review the possible sale or spinoff of $6 billion in other information technology and services businesses. The deal cements Lockheed's dominance in weapons making and opens key new foreign markets for...

  • July 20- Lockheed Martin Corp, the Pentagon's largest arms supplier, reported a better-than-expected 4.5 percent rise in quarterly profit and said it could spin off or sell its government IT and technical services businesses. Lockheed, which reported quarterly results a day earlier than scheduled to coincide with the announcement of the Sikorsky...

  • Early movers: MS, HAS, HAL, VSLR, PYPL & more Monday, 20 Jul 2015 | 7:55 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Lockheed profit rises 4.5 pct Monday, 20 Jul 2015 | 7:44 AM ET

    July 20- Lockheed Martin Corp, the Pentagon's largest arms supplier, reported a 4.5 percent rise in quarterly profit and said it was starting a strategic review of its government IT and technical services businesses. The company, which said on Monday it would buy Black Hawk helicopter maker Sikorsky Aircraft from United Technologies Corp for $9 billion, said...

  • Lockheed to buy United Tech's Sikorsky for $8B Monday, 20 Jul 2015 | 2:03 AM ET
    A Black Hawk S-70i helicopter, manufactured by United Technologies Corp.'s Sikorsky Aircraft unit

    Lockheed Martin has agreed to buy United Technologies' Sikorsky Aircraft for over $8 billion, two sources said on Sunday.

  • WASHINGTON, July 19- Lockheed Martin Corp, the largest U.S. weapons maker, has agreed to buy United Technologies Corp's Sikorsky Aircraft unit, the maker of Black Hawk helicopters, for over $8 billion, a source familiar with the negotiations said on Sunday. It will be Lockheed's largest acquisition since it bought Martin Marietta Corp for about $10 billion two...

  • Gay marriage? Companies fear the #hashtag Thursday, 16 Jul 2015 | 1:48 PM ET
    The Confederate flag on the Capitol grounds in Columbia, South Carolina.

    Companies, fearing a possible backlash by customers, are increasingly taking a stand on issues from gay marriage to the Confederate flag.

  • WASHINGTON, July 15- The U.S. government on Wednesday said it had approved Lockheed Martin Corp to upgrade 134 U.S.-made F-16 jet fighters for South Korea with new mission computers, radars and other equipment in a deal worth an estimated $2.5 billion. South Korea initially chose the U.S. unit of Britain's BAE Systems Plc to do the upgrades, but canceled the deal in...