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Lockheed Martin Corp

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  • Wall Street optimistic on bumper earnings day Tuesday, 21 Apr 2015 | 8:08 AM ET
    Yahoo President and CEO Marissa Mayer delivers a keynote address at the 2014 International CES in Las Vegas.

    U.S. stock index futures indicated a higher open on Tuesday, ahead of a spate of major earnings and as oil futures for May were set to expire.

  • April 21- Lockheed Martin Corp, the Pentagon's No. 1 weapons supplier, reported a 6 percent fall in quarterly profit, partly due to fewer aircraft deliveries. The company raised its 2015 earnings forecast to $10.85- $11.15 per share from $10.80- $11.10, and reiterated its revenue forecast of $43.50 billion- $45.00 billion. Lockheed's net income fell to $878 million,...

  • April 21- Lockheed Martin Corp, the Pentagon's No. 1 weapons supplier, reported a 6 percent fall in quarterly profit, partly due to fewer aircraft deliveries. The company's net income fell to $878 million, or $2.74 per share, in the first quarter ended March 29, from $933 million, or $2.87 per share, a year earlier. Revenue fell 5.1 percent to $10.1 billion.

  • Oil expiration and earnings are big movers Tuesday, 21 Apr 2015 | 5:55 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Amid the deluge of major earnings reports, traders will also be keeping an eye on the oil market, as U.S. oil futures for May expire Tuesday.

  • Traders work on the floor of the New York Stock Exchange.

    Amid the deluge of major earnings reports, traders will also be keeping an eye on the oil market, as U.S. oil futures for May expire Tuesday.

  • Earnings next test for stocks after market wipeout Monday, 20 Apr 2015 | 5:52 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.

  • Sales of US arms fuel the wars of Arab states Sunday, 19 Apr 2015 | 7:31 AM ET
    A damaged car which was hit by Saudi-led Arab coalition forces to fight against Houthis, in Sanaa, Yemen, April 1, 2015.

    Soon, the Emirates are expected to complete a deal with General Atomics for a fleet of Predator drones to run spying missions. The NYT reports.

  • Vencore's owner, private equity firm Veritas Capital Management LLC, has hired Stone Key Group LLC and Wells Fargo& Co to advise on an auction for the company, three people said on Friday. Veritas Capital and Wells Fargo declined to comment. Veritas Capital bought the company, which was previously called SI Organization Inc, from Lockheed Martin Corp for $815...

  • COLORADO SPRINGS, Colo., April 17- The United States needs disruptive new technologies, new ways of acquiring equipment and bandwidth, and closer ties with global allies to stay ahead of growing challenges in space from China, Russia and others, the head of U.S. General John Hyten said the United States had been bracing for threats to its satellite systems for years,...

  • Earnings next test for stocks after market wipeout Friday, 17 Apr 2015 | 4:29 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.

  • Prime Minister Narendra Modi announced last week that India would buy 36 French Rafale jets for an estimated $4.3 billion, in effect ending talks on a larger deal for 126 planes that would have sucked up some $20 billion and locked rivals out of the market for a generation. Saab was proposing to establish "fully-fledged production" of the Gripen in India...

  • CAPE CANAVERAL, Fla., April 13- Hours after unveiling its next-generation "Vulcan" rocket, the company that launches most of America's satellites, United Launch Alliance, ran into its first problem- the rocket's name. "Vulcan is a trademark of Vulcan Inc. and we have informed ULA of our trademark rights," Chuck Beames, president of the Paul Allen-backed Vulcan...

  • CAPE CANAVERAL, Fla., April 13- Hours after unveiling its next-generation "Vulcan" rocket, the company that launches most of America's satellites, United Launch Alliance, ran into its first problem- the rocket's name. "Vulcan is a trademark of Vulcan Inc. and we have informed ULA of our trademark rights," Chuck Beames, president of the Paul Allen-backed Vulcan...

  • SYDNEY, April 8- Embattled Australian satellite firm NewSat said on Wednesday a major lender for its upcoming $650 million satellite launch had withdrawn support for the project, forcing it to look for alternative funding to prevent the project from collapsing. Funding for the project to launch Australia's only privately owned commercial satellite was...

  • WASHINGTON, April 2- Boeing Co on Thursday said it will ramp up lobbying efforts to extend production of its F/A-18 fighter jets beyond the end of 2017 after the U.S. Navy asked Congress to fund 12 airplanes not included in the 2016 budget proposal. Dan Gillian, who runs the F/A-18E/F and EA-18G electronic attack jet programs for Boeing, told Reuters the company had...

  • WASHINGTON, March 27- The U.S. Defense Department on Friday said it will be "demanding but fair" in negotiations with Lockheed Martin Corp for the next two batches of F-35 fighter jets, one of the Pentagon's largest-ever sole-source contracts. We intend to be a demanding but fair customer, " Shay Assad, the Pentagon's director of defense pricing, told Reuters in an...

  • The report cited a "stark disconnect" between the Air Force and SpaceX, or Space Exploration Technologies, about the purpose of the certification process and recommended changes. Air Force Secretary Deborah James ordered the review after the service missed a December deadline for certifying SpaceX to compete for some launches now carried out solely by...

  • WASHINGTON, March 26- The Pentagon's notoriously slow, bureaucratic and wasteful acquisition system is eroding America's military technological edge and must be reformed, Senator John McCain, the chairman of the Senate Armed Services Committee, said on Thursday. The Arizona Republican, a former presidential candidate and prisoner of war during the Vietnam...

  • The millionaire offering a one-way ticket to Mars Thursday, 26 Mar 2015 | 9:30 AM ET
    An outside view of conceptual Mars One habitats

    Bas Lansdorp has raised funding for Mars One and has chosen 100 candidates to colonize the Red Planet. Is his dream technically feasible?

  • WASHINGTON, March 25- The U.S. Air Force must modify its annual "launch capability" contract with United Launch Alliance, to level the playing field for new competitors of the joint venture of Lockheed Martin Corp and Boeing Co, senior U.S. Air Force and Pentagon officials told lawmakers on Wednesday. There'll have to be a change, "Hyten told the House Armed Services...