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LMT

Lockheed Martin

$301.42

-4.38 (-1.43%)

17:32
08/17/17
08/17
17:32
08/17/17
17:32

Lockheed Martin, others awarded $499M government contract

Lockheed Martin, Fort Worth, Texas, is the third company awarded a previously announced $499M indefinite-delivery/indefinite-quantity shared ceiling contract for six companies for the Aerospace Systems Air Platform Technology Research program. These contracts provide research for affordable, revolutionary capabilities for the warfighter. Work will be performed in Fort Worth, Texas, and is expected to be completed by 2025. This award is the result of competitive acquisition and six offers were received. Fiscal 2017 research and development funds in the amount of $100,000 are being obligated at time of award. Air Force Research Laboratory, Wright-Patterson Air Force Base, Ohio, is the contracting office

  • 23

    Aug

LMT Lockheed Martin
$301.42

-4.38 (-1.43%)

08/14/17
SBSH
08/14/17
NO CHANGE
SBSH
Buy
Lockheed wins $8B contract over L3 and CACI, says Citi
Citi analyst Jason Gursky says the U.S. Special Ops Command Friday after the close awarded the Special Operations Forces Global Logistics Support Services contract to incumbent Lockheed Martin (LMT) over L3 Technologies (LLL), CACI (CACI) and potentially others. The $8B contract over multiple years is a positive development for Lockheed's MFC segment and an "incremental negative" for L3, the analyst tells investors in a research note. He believes CACI's bid "was always a long shot given the level of competition." Gursky has Buy ratings on all three names.
08/08/17
08/08/17
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. Amazon.com (AMZN), Alphabet (GOOG, GOOGL), and Facebook (FB) were reinstated with a Buy at Mizuho, while eBay (EBAY) and Twitter (TWTR) were reinstated with an Underperform. 2. Broadridge (BR) initiated with a Neutral at DA Davidson. 3. Brighthouse Financial (BHF) initiated with an Overweight at Barclays. 4. Akcea Therapeutics (AKCA) WAS initiated with an Outperform at BMO Capital and Cowen, an Outperform at Wells Fargo, as well as a Buy at Stifel. 5. Lockheed Martin (LMT) and Raytheon (RTN) were initiated with an Overweight at Morgan Stanley, while Northrop Grumman (NOC) was initiated with an Equal Weight, and General Dynamics (GD) was initiated with an Underweight at the firm. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
08/08/17
MSCO
08/08/17
INITIATION
Target $342
MSCO
Overweight
Lockheed Martin initiated with an Overweight at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani initiated Lockheed Martin with an Overweight and a $342 price target saying it has the right balance of segment margin growth, revenue visibility, and leading 5-year CAGR, all supported by the F-35 ramp over the coming years, combined with pension benefits.
07/19/17
ARGS
07/19/17
NO CHANGE
ARGS
Lockheed Martin price target raised to $320 from $290 at Argus
Argus analyst John Eade increased his price target on Lockheed Martin after the company reported higher than expected Q2 EPS. The analyst notes that U.S. defense spending is rising, while geopolitical tensions are increasing. Calling the stock's valuation attractive, he keeps a Buy rating on the shares.

TODAY'S FREE FLY STORIES

CELC

Celcuity

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BSTI

BEST Inc

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GIS

General Mills

$55.38

-1.05 (-1.86%)

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PCRX

Pacira

$35.70

-0.6 (-1.65%)

20:00
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Pacira analyst commentary at BMO Capital »

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AVEVF

Aveva

19:56
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Upgrade
Aveva rating change at Goldman Sachs »

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ZLAB

Zai Lab

18:58
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Zai Lab announces upsizing of U.S. IPO of American depositary shares »

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  • 20

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OHI

Omega Healthcare

$32.53

-0.12 (-0.37%)

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  • 20

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F

Ford

$11.72

0.09 (0.77%)

18:30
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18:30
Periodicals
Ford to slash production at five North American assembly plants, Reuters says »

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FDX

FedEx

$216.00

0.92 (0.43%)

18:26
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FedEx says without cyberattack FY18 guidance would not have changed »

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EE

El Paso Electric

$54.85

0.05 (0.09%)

18:25
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El Paso Electric announces City of El Paso approved settlement terms »

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

18:17
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Bed Bath & Beyond says biggest component in drop of FY17 EPS view is operations »

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  • 19

    Sep

CPRT

Copart

$32.54

-0.32 (-0.97%)

18:11
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Earnings
Copart reports Q4 EPS 30c, consensus 29c »

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  • 20

    Sep

STLD

Steel Dynamics

$33.83

0.03 (0.09%)

18:04
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18:04
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Earnings
Steel Dynamics sees Q3 adjusted EPS 63c-67c, consensus 70c »

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XBKS

Xenith Bankshares

$29.96

0.42 (1.42%)

17:58
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Treasury exits stake in Xenith Bankshares »

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BMY

Bristol-Myers

$62.93

0.23 (0.37%)

17:54
09/19/17
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Breaking Periodicals news story on Bristol-Myers »

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BBBY

Bed Bath & Beyond

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Hot Stocks
Breaking Hot Stocks news story on Bed Bath & Beyond »

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  • 19

    Sep

DESP

Despegar.com

17:52
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  • 20

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WAC

Walter Investment

$0.65

0.186 (40.09%)

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CBAY

CymaBay

17:49
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Initiation
CymaBay initiated at Cantor »

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BBBY

Bed Bath & Beyond

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  • 19

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EVH

Evolent Health

$15.65

-0.8 (-4.86%)

17:45
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Initiation
Evolent Health initiated at KeyBanc »

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  • 25

    Sep

BPL

Buckeye Partners

$56.33

0.64 (1.15%)

17:44
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Syndicate
Buckeye Partners announces $210M in limited partnership unit sales »

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RL

Ralph Lauren

$91.03

0.87 (0.96%)

17:43
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Initiation
Ralph Lauren initiated at Barclays »

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  • 03

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PVH

PVH Corp.

$127.47

-0.54 (-0.42%)

17:43
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Initiation
PVH Corp. initiated at Barclays »

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  • 19

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GEMP

Gemphire Therapeutics

$9.65

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, ORIG

Ocean Rig UDW

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GEMP

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$9.65

0.54 (5.93%)

ORIG

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$0.16

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IOVA

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BBBY

Bed Bath & Beyond

$27.03

-0.27 (-0.99%)

FDX

FedEx

$216.00

0.92 (0.43%)

ADBE

Adobe

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