Investing.com -- Lockheed Martin (NYSE: LMT) has been awarded a 10-year contract worth nearly $3 billion to continue work on the Aegis Ballistic Missile Defense system, according to the U.S. Department of Defense.
The contract, valued at $2,968,000,000, was awarded to Lockheed Martin Rotary and Mission Systems (LM RMS) in Moorestown, New Jersey. Under this sole-source, indefinite-delivery/indefinite-quantity agreement, the company will serve as the Combat Systems... (continue reading...)
Investing.com -- U.S. crude oil futures were roughly unchanged from post-settlement levels Tuesday despite the American Petroleum Institute reporting a surprise decline in weekly domestic crude inventories.
Crude Oil WTI Futures, the U.S. benchmark, recently traded at $65.54 a barrel following the report after settling up $0.34, or 0.5%, at $65.45 barrel.The positive start for oil prices followed a recent retracement as the geopolitical risk premium continues to be... (continue reading...)
Investing.com -- Centene Corporation (NYSE: CNC) stock tumbled 20% after the health insurer withdrew its 2025 earnings guidance, citing unexpected challenges in its Health Insurance Marketplace business and rising Medicaid costs.
The company’s decision to pull its previous 2025 GAAP and adjusted diluted earnings per share guidance came after receiving concerning data about its Marketplace business. Centene’s analysis of information from independent actuarial firm... (continue reading...)
Investing.com -- JPMorgan Chase (NYSE: JPM) stock rose 1% in afterhours trading Tuesday following the banking giant’s announcement of a massive $50 billion share repurchase program and plans to increase its quarterly dividend.
The largest U.S. bank by assets said its board of directors intends to raise the quarterly common stock dividend to $1.50 per share, up from the current $1.40, for the third quarter of 2025. This marks JPMorgan’s second dividend increase this... (continue reading...)
Investing.com -- Cloud-based collaborative web design platform Figma filed for an initial public offering in the United States on Tuesday.
The company plans to list on the New York Stock Exchange under the ticker symbol "FIG".
Figma didn’t disclose the proposed sizing or pricing range for the offering. According to the filing, the company had revenue of $228.2 million for the three months ended March 31, with a net income of $44.9 million during the same period.
Morgan... (continue reading...)
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