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LMT

Lockheed Martin

$232.77

0.2 (0.09%)

17:47
10/17/16
10/17
17:47
10/17/16
17:47

Lockheed Martin awarded $743.2M government contract modification

Lockheed Martin Corp., Lockheed Martin Aeronautics Co., Fort Worth, Texas, is being awarded a $743,169,377 fixed-price-incentive, firm target and cost-plus-fixed-fee modification to the previously awarded low-rate initial production Lot 9 F-35 Lightening II Joint Strike Fighter advance acquisition contract. This modification provides additional funding and will establish not-to-exceed prices for diminishing manufacturing and material shortages redesign and development, estimated post production concurrency changes and country unique requirements. In addition, this modification will establish NTE prices for one F-35A aircraft and one F-35B aircraft for a non-U.S. Department of Defense participant in the F-35 program. Work is expected to be completed in December 2019. The Naval Air Systems Command, Patuxent River, Maryland, is the contracting activity.

  • 25

    Oct

LMT Lockheed Martin
$232.77

0.2 (0.09%)

09/06/16
09/06/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Johnson Controls (JCI) initiated with a Sector Perform at RBC Capital with analyst Deane Dray saying he thinks that the company's synergies from its merger can beat expectations, but the analyst says that the stock is already "reflecting optimism." 2. DaVita (DVA) initiated with a Neutral at Citi. 3. Hershey (HSY) reinstated with a Neutral at JPMorgan. 4. Dollar Tree (DLTR) coverage assumed with a Conviction Buy at Goldman. 5. Lockheed Martin (LMT) initiated with a Buy at Citi. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/19/16
WELS
09/19/16
UPGRADE
WELS
Outperform
Lockheed Martin upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo analyst Sam Pearlstein upgraded Lockheed Martin to Outperform saying he believes the company's earnings can grow 20% per year through 2020. The analyst sees potential for $20 per share of earnings in 2020 driven mainly by Lockheed's decision to freeze its pension plans. Pearlstein thinks the stock could be worth $300 and he upped his price target range for the name to $275-$280 from $255-$260.
09/19/16
09/19/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. General Motors (GM) upgraded to Overweight from Equal Weight at Morgan Stanley with analyst Adam Jonas saying he believes even flat earnings in 2017 and 2018 would be received as a positive surprise by the market. 2. Wells Fargo (WFC) upgraded to Outperform from Neutral at Baird analyst David George saying he believes the recent pullback is a buying opportunity. 3. Lockheed Martin (LMT) upgraded to Outperform from Market Perform at Wells Fargo with analyst Sam Pearlstein saying he believes the company's earnings can grow 20% per year through 2020. 4. U.S. Steel (X), AK Steel (AKS), and Olympic Steel (ZEUS) were upgraded to Sector Weight from Underweight at KeyBanc with analyst Ivan Marcuse saying the stocks at current levels better reflect the more competitive market conditions he expects in Q4 and 2017. 5. Mattel (MAT) upgraded to Buy from Neutral at Monness Crespi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/05/16
BARD
10/05/16
INITIATION
Target $284
BARD
Outperform
Lockheed Martin initiated with an Outperform at Baird
Baird analyst Peter.Arment initiated Lockheed with an Outperform and a $284 price target.

TODAY'S FREE FLY STORIES

MRK

Merck

$65.54

-0.38 (-0.58%)

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  • 22

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TROX

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ANCUF

Alimentation Couche-Tard

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1.0803 (2.25%)

, CST

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CST Brands

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MSLI

Merus Labs

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-0.0015 (-0.12%)

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EIGI

Endurance

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-0.15 (-1.80%)

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Endurance chief administration officer Andreasen to leave company »

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HII

Huntington Ingalls

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0.68 (0.37%)

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Huntington Ingalls receives contract modifications to incorporate upgrades »

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IP

International Paper

$56.18

-0.55 (-0.97%)

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International Paper agrees to settle Kleen Products class action litigation »

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HUSA

Houston American Energy

$0.67

0.0385 (6.10%)

17:33
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Syndicate
Houston American Energy requests withdrawal of registration statement »

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KBH

KB Home

$22.82

0.04 (0.18%)

, RYI

Ryerson

$9.00

-0.1 (-1.10%)

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KBH

KB Home

$22.82

0.04 (0.18%)

RYI

Ryerson

$9.00

-0.1 (-1.10%)

AVAV

AeroVironment

$32.49

1.52 (4.91%)

CAMP

CalAmp

$19.25

-0.37 (-1.89%)

GMRE

Global Medical REIT

$9.83

0.07 (0.72%)

WLL

Whiting Petroleum

$5.48

0.04 (0.74%)

OAS

Oasis Petroleum

$7.93

0.21 (2.72%)

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  • 27

    Jun

  • 27

    Jun

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    Jun

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    Jun

  • 03

    Jul

  • 04

    Jul

  • 05

    Jul

  • 28

    Jun

CHKE

Cherokee

17:22
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Breaking Hot Stocks news story on Cherokee »

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  • 17

    Jul

  • 18

    Jul

KBH

KB Home

$22.82

0.04 (0.18%)

17:16
06/27/17
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KB Home sees Q3 housing revenue $1.08B-$1.15B »

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  • 27

    Jun

KBH

KB Home

$22.82

0.04 (0.18%)

17:16
06/27/17
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Hot Stocks
KB Home raises FY17 housing revenue view to $4.2B-$4.4B from $4B-$4.3B »

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  • 27

    Jun

17:15
06/27/17
06/27
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17:15
General news
Breaking General news story  »

Minneapolis Federal…

CHKE

Cherokee

17:13
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Cherokee receives listing notice over late 10-Q »

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  • 17

    Jul

  • 18

    Jul

BEP

Brookfield Renewable

$33.03

0.1 (0.30%)

, BAM

Brookfield

$39.47

0.33 (0.84%)

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Syndicate
Brookfield Renewable files to sell 8.3M L.P. units on bought deal basis »

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BEP

Brookfield Renewable

$33.03

0.1 (0.30%)

BAM

Brookfield

$39.47

0.33 (0.84%)

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UTX

United Technologies

$121.59

-0.28 (-0.23%)

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United Technologies responds to reports regarding Carrier manufacturing facility »

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SPTN

SpartanNash

$25.30

0.22 (0.88%)

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FARO

FARO Technologies

$36.10

-0.65 (-1.77%)

17:06
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Initiation
FARO Technologies initiated  »

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MNR

Monmouth Real Estate

$14.98

-0.03 (-0.20%)

17:05
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  • 10

    Aug

WDC

Western Digital

$91.85

-0.81 (-0.87%)

, TOSBF

Toshiba, also use TOSYY

$2.60

-0.09 (-3.35%)

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Western Digital announces new 3D NAND technology, touts strength in Japan JV »

Western Digital (WDC)…

WDC

Western Digital

$91.85

-0.81 (-0.87%)

TOSBF

Toshiba, also use TOSYY

$2.60

-0.09 (-3.35%)

TOSYY

Toshiba, also use TOSBF

$15.67

-0.24 (-1.51%)

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FDP

Fresh Del Monte

$49.98

-0.19 (-0.38%)

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AAL

American Airlines

$48.50

-0.28 (-0.57%)

, ALOG

Analogic

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American Airlines, Analogic announce partnership to improve aviation security »

American Airlines (AAL)…

AAL

American Airlines

$48.50

-0.28 (-0.57%)

ALOG

Analogic

$68.15

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  • 07

    Jul

DOW

Dow Chemical

$63.09

-0.48 (-0.76%)

, DD

DuPont

$80.69

-0.47 (-0.58%)

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Canada Competition Bureau reaches agreement with DuPont, Dow Chemical on merger »

Canada's Competition…

DOW

Dow Chemical

$63.09

-0.48 (-0.76%)

DD

DuPont

$80.69

-0.47 (-0.58%)

FMC

FMC Corporation

$74.01

-0.76 (-1.02%)

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  • 25

    Jul

GMRE

Global Medical REIT

$9.83

0.07 (0.72%)

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Global Medical REIT provides update on acquisition of cardiac clinic in Lubbok »

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RYI

Ryerson

$9.00

-0.1 (-1.10%)

16:46
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Ryerson comments on Q2 market conditions, demand environment »

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