Lockheed Martin (LMT) Tops Q2 EPS by 13c, Revenues Beat; Boosts FY18 EPS/Revenue Outlook Above Consensus

UPDATE: Cowen Upgrades Lockheed Martin (LMT) to Outperform

July 25, 2018 6:08 AM EDT

(Updated - July 25, 2018 6:46 AM EDT)

(updated to expand analyst comment)

Cowen upgraded Lockheed Martin (NYSE: LMT) from Market Perform to Outperform with a price target of $370.00.

Analyst Cai Von Rumohr upgrades the name citing an increased outlook and an attractive... More

U.S., European allies map out larger role for F-35 fighter

July 20, 2018 2:34 PM EDT

By Andrea Shalal

FARNBOROUGH, England (Reuters) - Lockheed Martin's (NYSE: LMT) F-35 fighter jet is arriving in growing numbers in Europe, and is poised to play a much broader role in missile defense and other warfare plans than conventional fighters, according to U.S. and European officials.

After years of technical challenges and program delays, the F-35, the world's most expensive arms program, is rapidly gaining a foothold in the United States and Europe.

The new warplane's high-end sensors will give it a bigger role across all domains of war than... More

Lockheed Martin (LMT) Secures $450M Contract to Commence Production of Multi-Mission Surface Combatant for Kingdom of Saudi Arabia

July 20, 2018 7:29 AM EDT

The U.S. government awarded Lockheed Martin (NYSE: LMT) an Undefinitized Contract Action (UCA) award for the production of the Multi-Mission Surface Combatant for the Kingdom of Saudi Arabia.

Lockheed Martin is being awarded a contract totaling $450 million to begin the detailed design and planning for construction of four Multi-Mission Surface Combatants (MMSC) that will be built at Fincantieri Marinette Marine shipyard in Marinette, Wisconsin.

The Kingdom of Saudi Arabia (KSA) will acquire four Multi-Mission Surface Combatants as part of a larger agreement between the United States and KSA to enhance... More

Boeing would be 'thrilled' with role on new UK fighter-defence CEO

July 20, 2018 5:50 AM EDT

FARNBOROUGH, England (Reuters) - Boeing Co (NYSE: BA), the world's largest planemaker, would be "thrilled" to participate in a new British fighter jet programme, the company's defence chief said, although she said Britain still needed to clarify details about the project.

Leanne Caret, chief executive of Boeing Defense, Space & Security, told Reuters in an interview at the Farnborough Airshow this week that Boeing was watching the situation but that it was premature to make more definitive... More