Lockheed Martin Gains Altitude
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Healthy profits and free cash flow propel the stock, but has it reached a ceiling?
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A privately funded spacecraft appeared to rocket past its target altitude more than 60 miles above California&#39;s high desert yesterday
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Lockheed Martin Corp. defended itself Friday against criticism it was moving too slowly in investing $6 billion in Poland - a commitment that helped win the US company an order for 48 F-16 fighter jets over its European competitors.
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The aerospace industry bounced back this year with record sales and the first upswing in employment in five years as a result of &quot;robust&quot; defense spending, according to an industry analysis released yesterday.
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WASHINGTON -- Defense contractor Lockheed Martin Corp. on Thursday said profits rose 10 percent in the fourth quarter, as gains in its space, information technology and electronic systems units made up for a dip in sales of fighter jets.
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Lockheed Martin Corp.  was awarded a $400 million contract for F-16 aircraft sales to several foreign countries and also won a $248 million contract to support the F-22 weapon system, the Pentagon said on Friday.
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U.S. antitrust authorities on Tuesday approved the planned merger of the government rocket launch units of Lockheed Martin Corp.  and Boeing Co. , a deal the companies say will save taxpayers $150 million annually in satellite launching costs.
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Lockheed Martin Corp. said Monday that its maritime systems and sensors unit received contracts worth $625 million to develop radar systems for an international air defense program that aims to replace the Patriot and Hawk missile systems.
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By Daily Record Staff  The Orion capsule, NASA's planned successor to the space shuttle, passed its first major construction milestone as the U.S. space agency and primary contractor Lockheed Martin Corp. set baseline system requirements.
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The first privately funded manned rocket to reach space completed the first half of a $10 million flight competition yesterday by soaring to an altitude of
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Lockheed Martin Corp. (LMT.N: Quote, Profile, Research) has been chosen to lead a $6.4 billion Navy satellite project aimed at boosting US forces&#39; communications capabilities tenfold, the Pentagon said Friday.
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Robust demand for military equipment  and technology led four U.S. defense companies to post higher  quarterly profit on Wednesday, with jet maker Boeing Co. BA.N  reporting a 78 percent jump in earnings despite a decline in  commercial airplane revenue.
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The company reported fourth-quarter net income on higher commercial airplane deliveries and strong growth in defense earnings, beating Wall Streetâs expectations.
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Stocks to watch on Monday: LOCKHEED MARTIN CORP. :
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WASHINGTON -- Lockheed Martin Corp., the world's largest defense contractor, said Tuesday that second quarter earnings rose 34 percent on higher sales across most of its businesses, including fighter jets, missile defense and information technology.
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The defense contractor said second-quarter earnings rose on higher sales across most of its businesses, including fighter jets, missile defense and information technology.
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Lockheed Martin Corp. LMT.N has   won a five-year, $3.9 billion contract to design and build a   capsule-like U.S. spacecraft called Orion to take humans back   to the Moon and beyond, the National Aeronautics and Space   Administration said on Thursday.