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Lockheed Martin Corp

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  • WASHINGTON, Nov 2- Lockheed Martin Corp's F-35 fighter jet is slated to begin two weeks of developmental testing on board the USS Nimitz aircraft carrier, marking another key milestone for the Pentagon's biggest weapons program. Lockheed spokesman Mike Rein said his company would support the Navy during the testing. The Navy will be the last of the U.S. military...

  • WASHINGTON, Oct 30- The crash of an unmanned Orbital Sciences Antares rocket is a "wake-up call" to the U.S. space community about the need to develop a new U.S. rocket engine, the head of Boeing Co's defense division said on Thursday. The Antares rocket was powered by a pair of Soviet-era NK-33 engines that were rebuilt by Aerojet Rocketdyne, a unit of GenCorp, and...

  • WASHINGTON, Oct 30- Engine maker Pratt& Whitney on Thursday said it had won a contract to build an eighth batch of 48 engines for the F-35 fighter jet built by Lockheed Martin Corp, bringing the total value of the deal to $1.05 billion. Neither Pratt nor the Pentagon disclosed the specific cost of each engine under the new contract. Bogdan said the Pentagon planned to...

  • WASHINGTON, Oct 30- Engine maker Pratt& Whitney on Thursday said it had won a contract to build an eighth batch of 48 engines for the F-35 fighter jet built by Lockheed Martin Corp, bringing the total value of the deal to $1.05 billion and lowering the cost of the engines by 3.5 to 4.5 percent.

  • WASHINGTON, Oct 30- Defense contractor Lockheed Martin will buy privately-held Systems Made Simple, a provider of health information technology solutions to the federal government, the company said on Thursday. Terms were not disclosed but were said to be not material to Lockheed Martin. Among other things, Systems Made Simple, based in Syracuse, New York, works...

  • The 14- story Antares rocket, built and launched by Orbital Sciences Corp, blasted off from the Wallops Flight Facility at 6:22 p.m. on Tuesday but burst into flames moments later, the first disaster since NASA turned to private operators to run cargo to the space station. Orbital Sciences stock fell 15.9 percent to $25.54 on Wednesday. The loss of the supply...

  • JERUSALEM/ WASHINGTON, Oct 28- Israel plans to buy a second batch of Lockheed Martin's F-35 stealth fighter jets, bringing its total number on order to about 44, Israeli defense and U.S. sources said on Tuesday. Israel bought 19 F-35s for $2.75 billion in 2010, a deal that included options for up to 75 planes. Israel will benefit from various efforts under way by...

  • Crude to 'go the way of whale oil': Dennis Gartman Monday, 27 Oct 2014 | 6:34 PM ET
    Dennis Gartman

    Crude oil is going the way of the fossils that comprise it, commodities trader Dennis Gartman says.

  • WASHINGTON, Oct 27- The U.S. Defense Department and Lockheed Martin Corp have agreed in principle for the production of 43 F-35 Lightning II fighter jets, the Pentagon said on Monday. The Pentagon statement said cost details would be released once the agreement is finalized in coming weeks. The Pentagon said the contract, for what will be the eighth batch of F-35...

  • NEW DELHI, Oct 25- India has opted to buy Israel's Spike anti-tank guided missile, a defense ministry source said on Saturday, rejecting a rival U.S. offer of Javelin missiles that Washington had lobbied hard to win. India will buy at least 8,000 Spike missiles and more than 300 launchers in a deal worth 32 billion rupees, the source said after a meeting of India's...

  • WASHINGTON, Oct 24- The Pentagon and Congress have better-than-ever odds of reaching agreement on how to streamline myriad overlapping laws that slow the process for buying military equipment and services, a top Defense Department official said. "I am optimistic," Andrew Hunter, a former congressional aide who helped draft many of those laws before joining the...

  • EXCLUSIVE- LOCKHEED MARTIN, PENTAGON AGREE CONTRACT FOR 8 TH BATCH OF F-35 FIGHTER JETS, VALUED AROUND $4 BLN- SOURCES.

  • WASHINGTON, Oct 23- Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets, sources familiar with the deal said on Thursday.

  • Midday movers: Deere, GrubHub, Lazard, Pfizer & more Thursday, 23 Oct 2014 | 12:50 PM ET

    Some of Thursday's midday movers:

  • UPDATE 1-Lockheed Martin challenges contract to Raytheon Wednesday, 22 Oct 2014 | 5:09 PM ET

    Government Accountability Office challenging the Air Force's decision to pick Raytheon Co to develop a new long-range radar. Raytheon earlier this month beat out Northrop and Lockheed to develop a replacement for the Air Force's current TPS-75 radar, which has been in service since the late 1960 s. The Air Force issued a stop-work order to Raytheon on Tuesday...

  • Lockheed Martin challenges contract to Raytheon Wednesday, 22 Oct 2014 | 1:42 PM ET

    WASHINGTON, Oct 22- Lockheed Martin Corp on Wednesday said it had filed a formal protest with the U.S. Government Accountability Office challenging the U.S. Air Force's decision to pick Raytheon Co to develop a new long-range radar. Lockheed's move follows a similar protest filed on Tuesday by Northrop Grumman Corp..

  • General Dynamics Corp shares were up 3 percent at $127.60 in early afternoon after the maker of tanks, ships and business jets reported that quarterly net profit rose 6.4 percent to $694 million, or $2.05 per share, and raised its earnings forecast by 25 cents a share. Northrop posted a 5 percent drop in net earnings to $473 million, or $2.26 per share, from $497...

  • ISTANBUL, Oct 22- Lockheed Martin and Turkish missile manufacturer Roketsan signed an agreement Wednesday to produce and sell Turkey's SOM-J air-launched cruise missile for the F-35 Lightning II combat jet, the companies said. "Lockheed Martin has a long history of partnership with Turkey, and we look forward to working closely with Roketsan on this very...

  • Raytheon beat out Northrop and Lockheed Martin Corp to develop a replacement for the Air Force's current TPS-75 radar, which has been in service since the late 1960 s. Raytheon said it would work closely with the Air Force to mitigate any resulting delays once the issue was resolved. "The Air Force ran a very tough but very fair competition, and selected the world...

  • WASHINGTON, Oct 21 (Reuters)- Lockheed Martin Corp, the top supplier to the U.S. military, forecast a drop in 2015 sales and reported lower-than-expected quarterly revenue for the second time this year. The projected decline pointed to "further Department of Defense pain," RBC Capital Markets analyst Robert Stallard said in a client note. The company said it...