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LMT

Lockheed Martin

$264.40

-0.26 (-0.10%)

17:49
11/23/16
11/23
17:49
11/23/16
17:49

Lockheed Martin awarded $7.2B contract modification for F-35

Lockheed Martin is being awarded a $7.189B undefinitized not-to-exceed modification to the previously awarded low-rate initial production Lot 10 F-35 Lightning II advance acquisition contract. This modification provides for the procurement of 90 aircraft, comprised of 76 F-35A aircraft for the Air Force, non-U.S. Department of Defense participants, and Foreign Military Sales customers; 12 F-35B aircraft for the Marine Corps, and non-U.S. DoD participants; and two F-35C aircraft for the Navy. In addition, this modification provides for diminishing manufacturing and material shortages redesign and management; non-recurring engineering, changes to correct deficiencies resulting from concurrency between systems development and demonstration and production; and unique requirements for non-U.S. participants and FMS customers. Work is expected to be completed in March 2020. Fiscal 2016 aircraft procurement and non-U.S. DoD participant and FMS funding in the amount of $1.28B are being obligated on this award, none of which will expire at the end of the current fiscal year.

  • 29

    Nov

  • 01

    Dec

LMT Lockheed Martin
$264.40

-0.26 (-0.10%)

11/10/16
11/10/16
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. Priceline (PCLN) upgraded to Buy from Hold at Stifel while the firm upgraded Expedia (EXPE) to Hold from Sell. 2. IBM (IBM) upgraded to Buy from Neutral at BofA/Merrill with analyst Wamsi Mohan expecting 2017 profits to grow as earnings have stabilized and negative revisions are unlikely and expects tailwinds from moderating pace of investments and savings from restructuring efforts. 3. L-3 Communications (LLL) and Northrop Grumman (NOC) upgraded to Overweight from Equal Weight at Barclays while the firm upgraded Lockheed Martin (LMT) to Equal Weight from Underweight. 4. Microsoft (MSFT) upgraded to Neutral from Underweight at Atlantic Equities. 5. Novartis (NVS) upgraded to Buy from Hold at Argus. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/14/16
STFL
11/14/16
UPGRADE
STFL
Buy
Lockheed Martin upgraded to Buy from Hold at Stifel
11/14/16
STFL
11/14/16
UPGRADE
STFL
Buy
Lockheed Martin upgraded on 2018 outlook, election at Stifel
As noted earlier, Stifel upgraded Lockheed Martin to Buy from Hold. Analyst Joseph DeNardi is pleased with the company's comments regarding its 2018 free cash flow outlook, and he thinks that it could benefit from increased defense spending in the wake of the election results. Price target to $290 from $260.
11/14/16
11/14/16
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. Lockheed Martin (LMT) upgraded to Buy from Hold at Stifel with analyst Joseph DeNardi saying he is pleased with the company's comments regarding its 2018 free cash flow outlook, and he thinks that it could benefit from increased defense spending in the wake of the election results. 2. Philip Morris (PM) upgraded to Buy from Outperform at CLSA with analyst Michael Levy citing the recent pullback for his rating change and said he sees the company adding to its buyback. 3. Citi (C) upgraded to Overweight from Equal Weight at Morgan Stanley with analysts led by Betsy Graseck saying the Republican sweep is positive for all financial stocks due to increased growth, higher rates, lower taxes, and less regulation. 4. U.S. Steel (X) and AK Steel (AKS) upgraded to Overweight from Equal Weight at Morgan Stanley. 5. L Brands (LB), Kohl's (KSS), and Chico's(CHS) were upgraded to Buy from Neutral at Citi, while Chico's was also upgraded to Outperform from Peer Perform at Wolfe Research. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

VNCE

Vince Holding

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NWBO

Northwest Biotherapeutics

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AAPL

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ATKR

Atkore

$19.71

-0.11 (-0.55%)

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  • 08

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BPMC

Blueprint Medicines

$26.20

-2.23 (-7.84%)

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  • 08

    Dec

LULU

lululemon

$59.84

2.6 (4.54%)

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LULU

lululemon

$59.84

2.6 (4.54%)

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lululemon CEO highlights Q3 gross margin, reports 11% comp growth in pants »

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  • 07

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CVX

Chevron

$114.44

1.68 (1.49%)

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  • 13

    Dec

X

U.S. Steel

$37.49

1.54 (4.28%)

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U.S. Steel CEO: Company may bring back 10,000 U.S. jobs, CNBC says »

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VNDA

Vanda

$15.40

-0.6 (-3.75%)

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AE

Adams Resources

$42.31

-0.68 (-1.58%)

, SWN

Southwestern Energy

$12.37

-0.08 (-0.64%)

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Adams Resources appoints Josh Anders as CFO »

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AE

Adams Resources

$42.31

-0.68 (-1.58%)

SWN

Southwestern Energy

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EZPW

EZCORP

$11.80

0.05 (0.43%)

18:42
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Earnings
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  • 08

    Dec

RICE

Rice Energy

$24.59

-0.16 (-0.65%)

18:33
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AMZN

Amazon.com

$770.42

5.7 (0.75%)

18:30
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Amazon spokesperson denies 2,000 grocery stores report, CNET says »

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ICON

Iconix Brand

$9.26

0.14 (1.54%)

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Iconix Brand reports employment termination of Chief Strategy Officer Blumberg »

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PBYI

Puma Biotechnology

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-2 (-4.78%)

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FTK

Flotek

$11.10

-2.01 (-15.33%)

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PBYI

Puma Biotechnology

$39.80

-2 (-4.78%)

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PNM

PNM Resources

$32.05

0.45 (1.42%)

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PNM Resources requests an electric rate increase of $99M in New Mexico »

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  • 14

    Dec

BK

BNY Mellon

$48.55

0.56 (1.17%)

18:03
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BNY Mellon outage led to certain Swift payment failures, WSJ reports »

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TLRD

Tailored Brands

$18.93

0.62 (3.39%)

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Tailored Brands up 22% to $23.20 after Q3 results beat estimates »

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  • 08

    Dec

FLXS

Flexsteel Industries

$59.12

2.92 (5.20%)

, UNH

UnitedHealth

$159.40

2.08 (1.32%)

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Flexsteel names Eric Rangen chair of the board »

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FLXS

Flexsteel Industries

$59.12

2.92 (5.20%)

UNH

UnitedHealth

$159.40

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NKE

Nike

$52.10

1.53 (3.03%)

, UA

Under Armour

$27.03

1.62 (6.38%)

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Nike losing market share to faster-growing rivals, Barron's reports »

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NKE

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1.53 (3.03%)

UA

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ADDYY

adidas

$76.96

1.225 (1.62%)

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  • 20

    Dec

T

AT&T

$40.45

1.1 (2.80%)

17:45
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Conference/Events
AT&T management to meet with Jefferies »

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  • 07

    Dec

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EFC

Ellington Financial

$16.30

0.2 (1.24%)

17:41
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Ellington Financial reports estimated book value per share $19.80 as of Nov 30 »

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