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Fly News Breaks for July 14, 2015
LMT
News For LMT From the Last 2 Days
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Apr 24, 2024 | 16:16 EDT
Deutsche Bank raised the firm's price target on Lockheed Martin to $487 from $467 and keeps a Hold rating on the shares. The company reported solid Q1 results, the analyst tells investors in a research note. The firm says that while the Street mis-modeling the extra week played a part in this quarter's outperformance versus sell-side estimates, "there were also pockets of fundamental outperformance." It sees upside to full-year sales estimates.
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Apr 23, 2024 | 17:46 EDT
Lockheed Martin was awarded a $102.06M cost-plus-incentive-fee modification to previously-awarded contract for capability package development and fielding, system integration and fielding, and in-service sustainment in support of current configurations of the AEGIS combat system. Work is expected to be completed by December 31. The Naval Sea Systems Command is the contracting activity.
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Apr 23, 2024 | 16:25 EDT
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Apr 23, 2024 | 11:59 EDT
During its earnings conference call, Lockheed Martin says expectations for FY24 remain unchanged. Will reassess guidance by the end of Q2. Says company off to a solid start in 2024. Thinking of 2025, has higher confidence on continued growth. Sees potential "re-balance of the workforce." Expects "stable growth" over the next five years.
LMT
Apr 23, 2024 | 11:57 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
LMT
Apr 23, 2024 | 09:04 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly. UP AFTER EARNINGS... To see the rest of the story go to thefly.com. See Story Here
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Apr 23, 2024 | 07:33 EDT
Backs FY24 free cash flow view $6B-$6.3B; FY24 CapEx view ~$1.75B.
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Apr 23, 2024 | 07:31 EDT
Backs FY24 revenue view $68.5B-$70B, consensus $69.51B.
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