Lockheed Martin-Led Team Launches The Future USS Little Rock
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RBC Capital Raises Price Target on Lockheed Martin (LMT) Following Early 2Q15 Results and Announced Sikorsky Acquisition
July 21, 2015 6:48 AM EDTRBC Capital reiterated a Sector Perform rating on Lockheed Martin (NYSE: LMT), and raised the price target to $220.00 (from $206.00), following announced Sikorsky acquisition and 2Q15 results. Analyst Robert Stallard said that LMT reported results one day earlier than planned, but it was a typical quarter, with... More
Lockheed Martin (LMT) to Acquire Sikorsky in $9B Deal (UTX)
July 20, 2015 7:31 AM EDTLockheed Martin (NYSE: LMT) has entered into a definitive agreement to acquire Sikorsky Aircraft, a world leader in military and commercial rotary-wing aircraft, for $9.0 billion. The price is effectively reduced to approximately $7.1 billion, after taking into account tax benefits resulting from the transaction.
"Sikorsky is a natural fit for Lockheed Martin and complements our broad portfolio of world-class aerospace and defense products and technologies," said Marillyn Hewson, Lockheed Martin chairman, president and CEO. "I'm confident this acquisition will help us extend our core business into the growing areas of helicopter production and... More
Lockheed Martin (LMT) Announces Launch of Ninth LCS
July 20, 2015 6:42 AM EDTThe Lockheed Martin (NYSE: LMT)-led industry team launched the nation's ninth littoral combat ship (LCS), Little Rock, into the Menominee River at the Marinette Marine Corporation (MMC) shipyard today.
The ship's sponsor, Mrs. Janee Bonner, christened Little Rock (LCS 9) with the traditional smashing of a champagne bottle across the ship's bow just prior to the launch.
"It is such an honor and a privilege to serve as the sponsor of the future USS Little Rock... More
