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Lockheed Martin Corp

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  • Rocket wars: Rivals battle for military launches Wednesday, 25 Mar 2015 | 11:56 AM ET
    Bill Hallman, ULA engineering manager

    ULA put the GPS satellites into space, and it handles all U.S. military and top-secret launches. That is about to change.

  • Your first trade for Wednesday Tuesday, 24 Mar 2015 | 6:59 PM ET

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

  • WASHINGTON, March 24- The U.S. House of Representatives Intelligence Committee introduced on Tuesday its version of long-awaited legislation intended to enhance information sharing between private companies and intelligence agencies about cybersecurity threats. Similar legislation is also making its way through the U.S. Senate and the House Homeland...

  • Oil may be headed the way of dinosaurs: Insana Tuesday, 24 Mar 2015 | 11:46 AM ET
    Dinosaur

    Is oil headed to $100? $30? It may not matter, says Ron Insana. It could be headed the way of the dinosaurs.

  • The Air Force said it had worked closely with Space Exploration Technologies, or SpaceX, to map out the "relatively small amount of work" that needs to be done before completing the certification process. Officials also are looking at contamination control as they wrap up the SpaceX certification process, the Air Force said. The Air Force said it and SpaceX...

  • US, Lockheed fixing glitch with GPS satellites Monday, 23 Mar 2015 | 7:45 AM ET

    Lockheed Martin said it is working to resolve a glitch disclosed by the U.S. Air Force that affected some global positioning system (GPS) satellites.

  • Lockheed said the error involved the ground control system for GPS satellites it runs for the Air Force. Lockheed spokeswoman Christine Courard said the company had put a "workaround" in place to avoid further errors and was working on a full software correction with the Air Force. Air Force spokesman Andy Roake said the issue came to light in recent days, but...

  • TOKYO, March 23- Two Japanese firms that until recently were the frontrunners to win a multi-billion dollar contract to build Australia's new submarines have rebuffed an invitation to attend a gathering of top Australian naval officials and politicians this week. The no-show by Mitsubishi Heavy Industries and Kawasaki Heavy Industries at an event called...

  • Lockheed Martin Corp runs the GPS "ground control" segment, which enables Air Force officials to operate all GPS satellites, including the IIF satellites built by Boeing. The Air Force said the issue came to light in recent days, but a close examination of archived data showed the problem had gone unnoticed since 2013. It gave no details of the extent of the problem,...

  • WASHINGTON, March 22- The head of the U.S. House Armed Services Committee plans to introduce legislation on Wednesday as part of a six-year drive aimed at speeding up and improving the way the Pentagon buys arms at a time of rapid gains in technology by Russia and China. The legislation includes six measures proposed by Pentagon acquisition chief Frank Kendall,...

  • WASHINGTON, March 22- The U.S. Defense Department is taking aggressive action to bolster the security of U.S. weapons systems against cyberattacks, including issuing new rules for acquisitions that will be finalized in coming months, officials told Reuters. Increased focus on cybersecurity could create opportunities for Lockheed Martin Corp, General...

  • WASHINGTON, March 19- Further budget cuts would put the U.S. military's ability to protect the United States in "serious jeopardy" at a time when Iran and North Korea are advancing their own missile programs, the head of the U.S. Missile Defense Agency said on Thursday. That would affect Lockheed Martin Corp, Boeing Co and Raytheon Co. The three companies are working...

  • WASHINGTON, March 19- Further budget cuts would put the U.S. military's ability to protect the United States in "serious jeopardy" at a time when Iran and North Korea are advancing their own missile programs, the head of the U.S. Missile Defense Agency said on Thursday. That would affect Lockheed Martin Corp, Boeing Co and Raytheon Co. The three companies are working...

  • WASHINGTON, March 19- The Pentagon on Thursday lowered the projected procurement cost of Lockheed Martin Corp's F-35 fighter jet by almost two percent and officials vowed to keep trimming the cost of the largest U.S. arms program. Lockheed and the Pentagon's F-35 program office welcomed the lower cost estimate for the stealthy new warplanes and said they were...

  • "Continued reliance on Russian rocket engines is unacceptable and it's time the Air Force conduct itself accordingly," McCain, chairman of the Senate Armed Services Committee, told a hearing with senior Air Force officials. McCain said Congress had given the Air Force $220 million this fiscal year and set a deadline of 2019 for replacing the engine.

  • McCord said he welcomed any effort to provide additional funding for the U.S. military, but said taking money out of the Pentagon's base budget proposal and putting it in a fund for "overseas contingency operations" was not the right answer. The Pentagon's budget plan for fiscal year 2016, which begins Oct. 1, was about $36 billion above mandatory spending caps...

  • Senators James Inhofe, an Oklahoma Republican, and Bill Nelson, a Florida Democrat, both members of the Senate Armed Services Committee, said they were concerned that the Defense Department and the Air Force were not complying with a law that seeks development of a U.S. alternate engine by 2019.. The senators said the Air Force was not using $220 million...

  • WASHINGTON, March 12- The U.S. Senate Intelligence Committee voted 14-1 on Thursday to approve a bill intended to enhance information sharing between private companies and intelligence agencies about cybersecurity threats. The panel's approval cleared the way for a vote in the full Senate on the measure, which would extend some legal liability protection...

  • Potential buyers include Boeing Co, Textron Inc, Airbus and BAE Systems and even Lockheed Martin Corp.. Chief Pentagon arms buyer Frank Kendall told UTC that the Defense Department would not object to a spinoff, a source told Reuters. A former defense official said the Pentagon would probably insist that Sikorsky was well capitalized to ensure its survival.

  • Companies with this trait are blowing away the S&P Wednesday, 11 Mar 2015 | 2:36 PM ET
    Employees celebrate opening of Apple store in Rio de Janiero, Brazil

    Companies with happy workers can outperform the broader market handily, while companies with less-than-happy employees see shares fall short.