Cowen Raises Price Target on Lockheed Martin (LMT) Based on Extended Visibility

Aerojet to pay Orbital $50 million over Antares rocket accident

September 24, 2015 8:26 PM EDT

By Irene Klotz

CAPE CANAVERAL, Fla (Reuters) - Aerojet Rocketdyne Holdings Inc (NYSE: AJRD) will pay Orbital ATK (NYSE: OA) $50 million to settle a dispute stemming from an Antares rocket launch accident last year that destroyed a load of cargo bound for the International Space Station, Aerojet said on Thursday.

The company also said it would take title to 10 AJ-26 rocket engines previously earmarked for Orbital, one of two companies hired by NASA to fly cargo to the station after the agency retired its space shuttles.

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Exclusive: Aerojet weighs higher offer for Lockheed-Boeing venture - sources

September 24, 2015 7:06 PM EDT

By Andrea Shalal

WASHINGTON (Reuters) - Aerojet Rocketdyne Holdings Inc (NYSE: AJRD) is considering raising its $2 billion offer for United Launch Alliance, a rocket launch venture of Boeing Co (NYSE: BA) and Lockheed Martin Corp (NYSE: LMT), but faces big hurdles after a public rejection of the bid last week, according to multiple sources familiar with the matter.

Aerojet is meeting with outside advisers this week to explore its options, said the sources, who were not authorized to speak publicly about... More

Lockheed Martin (LMT) Raises Buyback Plan by $3B

September 24, 2015 1:52 PM EDT

The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized the purchase of up to an additional $3.0 billion of Lockheed Martin common stock under its share repurchase program. The number of shares purchased and the timing of... More

Lockheed Martin (LMT) Raises Quarterly Dividend 10% to $1.65; 3.3% Yield

September 24, 2015 12:51 PM EDT

Lockheed Martin (NYSE: LMT) declared a quarterly dividend of $1.65 per share, or $6.6 annualized. This is a 10% increase from the prior dividend of $1.50.

The dividend will be payable on December 24, 2015, to stockholders of record on December 1, 2015, with an ex-dividend date of November 27,... More

Lockheed says U.S. approves its $9 billion takeover of Sikorsky

September 24, 2015 9:03 AM EDT

By Andrea Shalal

WASHINGTON (Reuters) - Lockheed Martin Corp said on Thursday that U.S. officials have approved its $9 billion takeover of Black Hawk helicopter maker Sikorsky Aircraft from United Technologies Corp.

In a filing with the U.S. Securities and Exchange Commission, the company said authorities in Japan and South Korea had also approved the deal, but it was waiting for other regulatory approvals.

Multiple sources familiar with the matter said Lockheed was now likely to... More