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Lockheed Martin Corp

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  • Midday Glance: Aerospace companies Wednesday, 18 Feb 2015 | 1:18 PM ET

    Boeing rose $1.28 or. 9 percent, to $151.20. Lockheed Martin Corp. fell$. 47 or. 2 percent, to $197.10. Northrop Grumman Corp. fell$. 83 or. 5 percent, to $166.77.

  • Lockheed says technology investments cut cost of F-35 jets Wednesday, 18 Feb 2015 | 12:00 PM ET

    WASHINGTON, Feb 18- Lockheed Martin Corp said a series of manufacturing changes and technology investments were already driving down the cost of the F-35 fighter jet, and the savings were set to triple in the ninth batch of jets to be produced. Under the initiative, Lockheed and its key suppliers, Northrop Grumman Corp and Britain's BAE Systems agreed to invest...

  • Early Glance: Aerospace companies Wednesday, 18 Feb 2015 | 10:53 AM ET

    Boeing rose$. 91 or. 6 percent, to $150.83. Lockheed Martin Corp. fell$. 22 or. 1 percent, to $197.35. Northrop Grumman Corp. fell $1.25 or. 7 percent, to $166.35.

  • BENGALURU, INDIA, Feb 18- India's prime minister has asked global defence contractors to transfer more technology to the country as part of the lucrative deals that they win to modernise its armed forces. The country's offsets policy, which requires contractors to invest a percentage of the value of the deal in India, will be tweaked to encourage more technology...

  • The policy, the details of which are classified, comes after a two-year review amid growing demand from U.S. allies for the new breed of weapons that have played a key role in U.S. military action in Afghanistan, Iraq and Yemen. Privately held General Atomics, maker of the Predator and Reaper drones, Northrop Grumman Corp, Textron Inc and other arms makers have been...

  • BlackBerry names new chief security officer Tuesday, 10 Feb 2015 | 10:09 AM ET

    TORONTO, Feb 10- BlackBerry Ltd named David Kleidermacher as its chief security officer on Tuesday, moving to further bolster the smartphone maker's credentials with security-conscious clients, including big players in the defense, automotive and healthcare sectors. Green Hills' technologies power systems as diverse as medical devices and aircraft made...

  • WASHINGTON, Feb 9- Australia has picked Britain's BAE Systems to carry out heavy maintenance of Lockheed Martin Corp's F-35 fighter jet in Australia from 2018 and Tasman Aviation Enterprises to service its engines, sources familiar with the decision said on Monday. In December, the Pentagon announced that Australia would handle heavy maintenance for the...

  • WASHINGTON, Feb 9- Australia has picked Britain's BAE Systems to carry out heavy maintenance of Lockheed Martin Corp's F-35 fighter jet in Australia from 2018 and Tasman Aviation Enterprises to service its engines, sources familiar with the decision said on Monday. In December, the Pentagon announced that Australia would handle heavy maintenance for the...

  • 8 ways to find growth in this market Monday, 9 Feb 2015 | 7:06 PM ET

    CNBC's "Fast Money" traders discussed the sectors they believe hold the best growth prospects.

  • Feb 6- Harris Corp said it would buy Exelis Inc in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense. Exelis, spun off from ITT Corp in 2011, makes antennas for military aircraft, domes for Navy ships, sonar systems and GPS navigation systems. The total offer of $23.75 per...

  • WASHINGTON, Feb 5- The Pentagon's plans to fund 50 percent more F-35 fighter jets in fiscal 2016 will help drive down the price of the new plane and its engine, a top official at engine maker Pratt& Whitney, a unit of United Technologies Corp, said on Thursday. The Pentagon plans to spend nearly $400 billion to develop and build 2,457 of the radar-evading warplanes...

  • WASHINGTON, Feb 4- President Barack Obama's pick to become defense secretary told Congress on Wednesday he was leaning in favor of providing arms to Ukraine but later cautioned that the focus must remain on pressuring Russia economically and politically. Ashton Carter, a former Pentagon No. 2, told the Senate Armed Services Committee he would "very much...

  • WASHINGTON, Feb 2- The U.S. Air Force's fiscal 2016 budget plan earmarks $7.1 billion for space programs, including a 10th Global Positioning System III satellite by Lockheed Martin Corp, and sets the stage for future competition for such satellites. Lockheed won the contract to build GPS-III satellites in 2008, beating out Boeing Co, which had built earlier GPS...

  • WASHINGTON, Feb 2- The U.S. Air Force's fiscal 2016 budget plan earmarks $7.1 billion for space programs, including a 10th Global Positioning System III satellite by Lockheed Martin Corp, and sets the stage for future competition for such satellites. The Air Force had no immediate details on the potential competition, how many satellites it would include, or when...

  • Last year, the Navy also omitted EA-18G jets, or Growlers, from its base budget request, but later told Congress on an "unfunded priority list" that it wanted $2.1 billion to buy 22 more of the planes, given the growing threat of electronic attacks. Lawmakers ultimately funded 15 of them in the fiscal 2015 budget passed by Congress, which is expected to maintain...

  • Last year, the Navy also omitted EA-18G jets, or Growlers, from its base budget request, but later told Congress on an "unfunded priority list" that it wanted $2.1 billion to buy 22 more jets, given the growing threat of electronic attacks. Lawmakers ultimately funded 15 of the jets in the fiscal 2015 budget passed by Congress, which is expected to maintain Boeing's...

  • Your first trade for Monday, February 2 Friday, 30 Jan 2015 | 5:47 PM ET

    The "Fast Money" traders give their final trades of the day.

  • Lightning Round: Need to listen to me & break up Thursday, 29 Jan 2015 | 7:36 PM ET

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • *Expects 2015 earnings $9.20- $9.50/ share vs est $9.11. *Earnings $2.48/ share vs est $2.25. U.S. defense suppliers have cut costs and increased sales to markets outside the United States as the Pentagon tries to cut about $1 trillion in spending over a decade as required by a 2011 law.

  • Jan 29- U.S. weapons maker Raytheon Co on Thursday forecast 2015 revenue largely below average analyst expectations as orders fell for the first time in four quarters, but said it expected a return to modest revenue growth in 2016.. Raytheon Chief Financial Officer Dave Wajsgras told Reuters he expected low single-digit revenue growth in 2016, with...