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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

ZLAB

Zai Lab

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STX

Seagate

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-1.34 (-4.00%)

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TFX

Teleflex

$237.42

-2.3252 (-0.97%)

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OFIX

Orthofix

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PFE

Pfizer

$35.93

0.475 (1.34%)

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ZLAB

Zai Lab

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NKTR

Nektar

$21.75

-0.85 (-3.76%)

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MAT

Mattel

$15.05

0.18 (1.21%)

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MAT

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JAKK

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KKR

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$19.24

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VNO

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$73.34

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AMZN

Amazon.com

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WMT

Wal-Mart

$80.29

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JPM

JPMorgan

$94.12

0.18 (0.19%)

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MODN

Model N

$13.35

-0.15 (-1.11%)

10:43
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MMM

3M

$210.50

-3.06 (-1.43%)

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  • 24

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ODP

Office Depot

$4.35

-0.07 (-1.58%)

, ADP

ADP

$107.48

0.93 (0.87%)

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ODP

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$4.35

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ADP

ADP

$107.48

0.93 (0.87%)

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ZLAB

Zai Lab

10:40
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09/20
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Syndicate
Zai Lab indicated to open at $23, IPO priced at $18 »

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  • 20

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Energy Action: NYMEX crude »

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APC

Anadarko

$44.64

0.88 (2.01%)

10:35
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JCOM

j2 Global

$73.37

-1.52 (-2.03%)

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PFE

Pfizer

$35.85

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, JNJ

Johnson & Johnson

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PFE

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JNJ

Johnson & Johnson

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LLY

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NVS

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$86.11

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ABBV

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BMY

Bristol-Myers

$63.08

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AGN

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PYPL

PayPal

$63.83

0.91 (1.45%)

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PayPal analyst commentary  »

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The 1.7% U.S. August existing home sales drop »

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AAXN

Axon

$22.07

-0.33 (-1.47%)

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BIIB

Biogen

$317.93

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, CBAY

CymaBay

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Initiation
On The Fly: Top five analyst initiations »

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BIIB

Biogen

$317.93

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CBAY

CymaBay

EVH

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EPZM

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INTU

Intuit

$145.34

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JNJ

Johnson & Johnson

$133.80

-1.42 (-1.05%)

, UAL

United Continental

$58.01

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10:29
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Downgrade
On The Fly: Top five analyst downgrades »

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JNJ

Johnson & Johnson

$133.80

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UAL

United Continental

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IR

Ingersoll-Rand

$88.85

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LB

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YAHOY

Yahoo Japan

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  • 22

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PFE

Pfizer

$35.91

0.455 (1.28%)

, PGR

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$47.57

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10:29
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Upgrade
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PFE

Pfizer

$35.91

0.455 (1.28%)

PGR

Progressive

$47.57

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AAL

American Airlines

$44.38

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LUV

Southwest

$53.77

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POST

Post Holdings

$86.68

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NDSN

Nordson

$114.62

0.12 (0.10%)

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  • 27

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CELC

Celcuity

10:29
09/20/17
09/20
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Syndicate
Celcuity opens at $12.35, IPO priced at $9.50 per share »

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  • 20

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