Lockheed Martin (LMT) Announces Headcount Reduction for IS&GS Unit
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September 8, 2015 6:43 PM EDT
By Andrea Shalal
WASHINGTON (Reuters) - Aerojet Rocketdyne Holdings Inc (NYSE: AJRD) submitted a $2 cash billion offer to buy United Launch Alliance (ULA), a satellite launch provider jointly held by Lockheed Martin Corp (NYSE: LMT) and Boeing Co (NYSE: BA), sources familiar with the matter said Tuesday, a deal that would further consolidate the space business.
Aerojet Rocketdyne board member Warren Lichtenstein, the chairman and chief executive of Steel Partners LLC, approached ULA President Tory Bruno and senior Lockheed and Boeing... More
September 8, 2015 3:23 PM EDT
(This version of the September 6th story, in 17th paragraph, corrects to read 118-meter warships, not 118-foot)
By Andrea Shalal
MARINETTE, Wis. (Reuters) - Big investments, lean manufacturing techniques borrowed from the automotive industry, and a more engaged workforce have revamped the Wisconsin shipyard where Italy's Fincantieri SpA (NYSE: FCT) builds the Freedom variant of the U.S. Navy's coastal warships for prime contractor Lockheed Martin Corp (NYSE: LMT).
Fincantieri invested $100 million in recent years to transform the 1940s era shipyard into a state-of-the-art facility, where seven LCS ships are now under... More
