Latest Lockheed Martin Corporation Stories

BETHESDA, Md., Aug. 22, 2011 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation (NYSE: LMT) has entered into a definitive agreement to acquire QTC Holdings Inc. Terms of the agreement were not disclosed. QTC, headquartered in Diamond Bar, Calif., is the largest provider of outsourced medical evaluation services to the U.S. government and the U.S. Department of Veterans Affairs (VA), processing more than 450,000 evaluations last year. "QTC's IT-enabled case management services and...

Lockheed Martin moved the Court to shut down a Class Action lawsuit filed on behalf of Industrial Security Representatives by the San Diego Employment Attorneys at Blumenthal, Nordrehaug & Bhowmik, by submitting a Motion to dismiss the Private Attorney General Act of 2004 ("PAGA") representative claim. However, the motion was denied by the Court, meaning Lockheed Martin will continue to face allegations of unlawful and systematic classification of employees as exempt from overtime...

SAN FRANCISCO, Aug. 17, 2011 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) showcased the importance and value of careers in the technology and engineering fields to San Francisco Bay area students today at the NASA IT Summit 2011 Education Blast Off. The education session, attended by more than 200 middle and high school students, promoted science, technology, engineering and math (S.T.E.M.) careers, and is one of Lockheed Martin's many STEM activities in support of NASA programs. (Logo:...

WASHINGTON, Aug. 16, 2011 /PRNewswire/ -- Inspired by a maple seed, Lockheed Martin's Samarai handheld vehicle flew publically for the first time today at the Association for Unmanned Vehicle Systems International conference. Weighing less than half a pound, Samarai demonstrated vertical takeoff and landing, stable hover, and on-board video streaming. While the aircraft flew a series of flights in the roughly 40 foot test area, it streamed live video from a camera that rotated around its...

BETHESDA, Md., July 26, 2011 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation (NYSE: LMT) today reported second quarter 2011 net sales of $11.6 billion, compared to $11.3 billion in 2010. Earnings from continuing operations for the second quarter of 2011 were $742 million, or $2.14 per diluted share, compared to $714 million, or $1.92 per diluted share in 2010. Cash from operations in the second quarter of 2011 was $843 million, compared to $1.2 billion in 2010. The second quarter of...

BETHESDA, Md., June 23, 2011 /PRNewswire/ -- Lockheed Martin Corporation (NYSE: LMT) today announced that its Board of Directors has authorized a third quarter 2011 dividend of $0.75 per share. The dividend is payable on Sept. 23, 2011 to holders of record as of the close of business on Sept. 1, 2011. Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 126,000 people worldwide and is principally engaged in the research, design, development,...

GAITHERSBURG, Md., June 22, 2011 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) and its Cyber Security Alliance partners today released a study revealing security remains the single biggest concern on the minds of government information technology decision-makers when it comes to cloud computing. Despite these security concerns, 50% are now considering cloud applications for their agencies, versus only 12% a year ago. (Logo: http://photos.prnewswire.com/prnh/20110419/PH85737LOGO-b )...

FORT WORTH, Texas, June 21, 2011 /PRNewswire/ -- The Norwegian parliament unanimously approved the funding of four Lockheed Martin (NYSE: LMT) F-35 Lightning II training jets to begin fulfilling Norway's future air-combat capability requirements. These 5th Generation fighters will bridge the gap between Norway's aging F-16s currently in service, and due to be phased out by 2023. The jets will be delivered to a U.S.-based international training center in 2016. "We're very pleased with the...

CHICAGO, June 21, 2011 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: The Boeing Company (NYSE: BA), General Dynamics Corporation (NYSE: GD), Lockheed Martin Corporation (NYSE: LMT) and Northrop Grumman Corporation (NYSE: NOC). (Logo:...

SUNNYVALE, Calif., June 20, 2011 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will host 20 teachers ranging from elementary schools to community colleges this summer as part of the company's long-standing support of the Bay Area-based Industry Initiatives for Science and Math Education (IISME). The IISME organization works to foster a strong, highly skilled workforce in mathematics, science and technology. IISME's primary initiative, the Summer Fellowship Program, places qualified teachers...