Latest Lockheed Martin Corporation Stories
BETHESDA, Md., Nov. 3, 2011 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation (NYSE: LMT) today announced the acquisition of Sim-Industries B.V., a commercial aviation simulation company located in the Netherlands. The acquisition is a demonstration of the Corporation's strategy to expand into closely related markets that build on our core capabilities and expand our customer base. The terms of the agreement were not disclosed. "This acquisition demonstrates Lockheed Martin's...
BETHESDA, Md., Oct. 26, 2011 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation (NYSE: LMT) today reported third quarter 2011 net sales of $12.1 billion, compared to $11.3 billion in 2010. Earnings from continuing operations during the third quarter of 2011 were $665 million, or $1.99 per diluted share, compared to $557 million, or $1.53 per diluted share, in 2010. Cash from operations during the third quarter of 2011 was $511 million, compared to $513 million during 2010. Third quarter...
AMPTHILL, Bedfordshire, England, Oct. 25, 2011 /PRNewswire/ -- The Ministry of Defence has selected Lockheed Martin UK to lead a 642 million pounds ($1 billion) contract as part of the major 1 billion pounds ($1.6 billion) upgrade of the British Army's Warrior Armoured Fighting Vehicle. Under the Warrior Capability Sustainment Programme (WCSP), Lockheed Martin UK will be responsible for upgrades and enhancements extending the vehicles' service life to beyond 2040. WCSP will generate...
WASHINGTON, Oct. 17, 2011 /PRNewswire/ -- Joanne M. Maguire, executive vice president of Lockheed Martin Space Systems Company, was formally inducted into the National Academy of Engineering (NAE) in Washington, D.C. ceremonies Sunday. Election to the NAE is among the highest professional distinctions accorded to an engineer. Academy membership honors those who have made outstanding contributions to "engineering research, practice, or education, including, where appropriate, significant...
SUNNYVALE, Calif., Oct. 13, 2011 /PRNewswire/ -- For the fourteenth consecutive year, Lockheed Martin [NYSE:LMT] is a leading sponsor of "The Year In Space" Desk Calendar, featuring images and information from the past, present and future of space exploration and astronomical discovery. Through a special arrangement with the publisher, Lockheed Martin employees, retirees and stockholders nationwide are eligible to purchase the 144-page 2012 Desk Calendar at discounts ranging from 25% to...
Lockheed Martin-hosted Festival lines up engineering and science stars to inspire next generation of innovators Washington, D.C. (PRWEB) September 29, 2011 The Nation’s largest celebration of science and engineering, the USA Science & Engineering Festival, is returning to Washington, D.C., April 28-29, 2012. Adam Savage and Jamie Hyneman, hosts of the Discovery Channel's hit TV series MythBusters, and Bill Nye the Science Guy are among the science superstars signed up to join...
BETHESDA, Md., Sept. 27, 2011 /PRNewswire-FirstCall/ -- Lockheed Martin Corporation (NYSE: LMT) has completed its acquisition of QTC Holdings Inc. The company, based in Diamond Bar, Calif., is the largest provider of outsourced medical evaluation services to the U.S. Department of Veterans Affairs (VA), processing more than 450,000 evaluations last year. Founded in 1981, QTC provides IT-enabled case management services and health care expertise to the Department of Defense, the VA and...
BETHESDA, Md., Sept. 22, 2011 /PRNewswire-FirstCall/ -- Today, the Lockheed Martin Corporation (NYSE: LMT) board of directors authorized a fourth quarter 2011 dividend of $1.00 per share and the purchase of up to an additional $2.5 billion of Lockheed Martin common stock under its share repurchase program. "Our focus on performance, affordability and delivering on our commitments for our customers has enabled us to generate this value for our shareholders," said Chairman and CEO Bob...
BETHESDA, Md., Aug. 23, 2011 /PRNewswire/ -- Lockheed Martin Corporation (NYSE: LMT) will webcast a live presentation by Chairman and Chief Executive Officer Bob Stevens on Tuesday, Aug. 30, 2011 from 9:20 a.m. to 9:55 a.m. Eastern Time at the Morgan Stanley Annual Aerospace & Defense Unplugged Conference. During the presentation, he will discuss the company's performance and its future strategy. To watch the webcast live log-on to: http://www.lockheedmartin.com/investor. An audio...
BETHESDA, Md., Aug. 23, 2011 /PRNewswire/ -- Lockheed Martin Corporation (NYSE: LMT) announced that its Board of Directors has approved an interim increase to the amount available under the share repurchase program of up to $1 billion. The new authorization increases the current share repurchase program initiated in October 2010, which is expected to reach its limit prior to the next scheduled review of share repurchase authority. A new share repurchase program is expected to be...
