Alliant Techsystems Inc. received a $100 million contract from Lockheed Martin Corp. to continue to provide services for the Navy's Trident ballistic missile, the company said Wednesday.
A former engineer for defense contractor Lockheed Martin Corp. claims in a federal whistleblower lawsuit that the company knowingly used "defective" stealth coatings when building its F-22 Raptor stealth jets.
Hawaii companies that would benefit from earmarks sponsored by U.S. Sen. Daniel Inouye, D-Hawaii, that are in the Senate version of the fiscal year 2010 defense appropriations measure. The firms' executives and other employees have contributed to Inouye's campaign committees since 1997.
A team led by a small Hawaii company was competing to design a new generation of military transport ships when Navy officials dropped it from contention in late 2007. The reason: the team's entry didn't meet the Navy's criteria.
Stocks retreated Tuesday after several earnings reports beat expectations but economic numbers missed their targets. The Dow shed more than 50 points, or 0.5 percent, but still held above 10,000. The S&P and Nasdaq each lost about 0.6 percent.
Lockheed Martin posted better-than-expected quarterly profit aided by a lower tax rate and share count Tuesday, but revenue missed Wall Street estimates and the defense contractor warned earnings would drop in 2010, sending its shares down more than 5 percent.
Stocks retreated Tuesday after several earnings reports beat expectations but economic numbers missed their targets. Apple and Caterpillar surged after their earnings blew past forecasts.
Lockheed Martin Corp. received a $143.2 million contract from the Air Force for electronics upgrades for the C-5 aircraft, the Pentagon said late Friday.
Friday, 30 Oct 2009 | Source: The Associated Press
A division of Lockheed Martin Corp. received a $7.4 million contract boost from Navy for services on the Virginia class submarine, the Pentagon said late Thursday.
Thursday, 20 Aug 2009 | Source: The Associated Press
The number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly for the second straight week, an indication that jobs remain scarce.
Thursday, 29 Oct 2009 | Source: The Associated Press
Lockheed Martin Corp. received a $13.2 million contract from the Air Force for engineering changes on a replacement mission computer for the C-130J, a military transport aircraft, the Pentagon said late Thursday.
A late rally pushed stocks higher Tuesday following better-than-expected earnings from several Dow components. The Dow logged its seventh-straight gain, the Nasdaq, it's tenth.
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