There is no shortage of ideas in the fast-evolving world of transportation, including an elevator stretching thousands of miles into space.» Read More
*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.
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.
*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.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
News of Malaysian Air 17's crash in Eastern Ukraine sent a ripple effect through the markets, says "Fast Money" trader Jon Najarian.
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.
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.
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.
FARNBOROUGH, England, July 16- A potential collaboration between Australia and Norway could reduce the development costs of Kongsberg Gruppen's Joint Strike Missile, designed for use in Lockheed Martin's F-35 fighter jet, the Norwegian Air Force said on Wednesday.
FARNBOROUGH, England, July 16- ASL Aviation, an Irish aviation services company, on Wednesday signed a letter of intent to buy up to 10 of Lockheed Martin Corp's LM-100J commercial freighters as the launch customer for the new turbo-prop airplanes, Lockheed said in a statement.
FARNBOROUGH, England, July 15- U.S. military officials have approved limited flights for Lockheed Martin's F-35 fighter jets, but the Pentagon said the newest U.S. combat jet would not make its international debut before potential buyers this week.
The Pentagon has decided not to send Lockheed Martin F-35 fighters to a UK air show amid mechanical problems with the weapons project.
The U.S. military granted Lockheed Martin's F-35 the right to fly on Tuesday, raising the odds that the fighter jet could still debut.
Some of the names on the move ahead of the open.
FARNBOROUGH, England, July 15- U.S. military officials have approved limited flights for Lockheed Martin's F-35 fighter jets, improving the chances of the newest U.S. combat jet making its international debut before potential buyers this week.
Singapore, Greece among F-16 upgrade opportunities. FARNBOROUGH, England, July 14- Europe's largest defense contractor BAE Systems expects to win more than half of the $10 billion market to modernize F-16 fighter jets, saying its cost-effective offering could give it an edge in the battle with Lockheed Martin.
Despite an engine fire, Lockheed Martin remains hopeful that its troubled F-35 fighter will make its debut at the Farnborough International Airshow.
*Airbus announces revamp of twin-aisle A330 passenger jet. FARNBOROUGH, England, July 14- Airbus announced a revamp of its twin-aisle A330 passenger jet on Monday, sharpening a contest with Boeing for up to $250 billion of orders at the core of the market as the start of the Farnborough Airshow fuelled a debate about new technology.