Archive: Lockheed

Lockheed's Profits Rise, Boosted By IT

By Stephen Manning Associated Press Bethesda defense contractor Lockheed Martin said Tuesday that third-quarter earnings rose 2 percent as the company recorded strong sales in its information technology business, along with a one-time gain from the sale of a rocket launch business. Lockheed, which makes F-35 fighter jets, raised its...

By Dan Beyers | October 21, 2008; 09:56 AM ET | Comments (0)

Early Briefing: Costs Could Rise For Lockheed Jet

*It was already the most expensive weapons program ever: Now Lockheed Martin's Joint Strike Fighter could cost up to $38 billion more, the Government Accountability Office says. That would bring the cost of the 2,458 F-35s to $337 billion, 45 percent more than originally estimated in October 2001. See story...

By Terri Rupar | March 12, 2008; 05:00 AM ET | Comments (0)

Profits Up 10 Percent At Lockheed

By Stephen Manning AP Business Writer" Lockheed Martin Corp. on Thursday said profits rose 10 percent in the fourth quarter, as gains in its space, information technology and electronic systems units made up for a dip in sales of fighter jets. The Bethesda defense contractor reported a profit of...

By Dan Beyers | January 24, 2008; 09:56 AM ET | Comments (0)

Air Force Asks For New Bids On Rescue Helicopter

The Air Force's announcement is a victory for Lockheed Martin and Sikorsky, which had protested an original decision to award a contract for search-and-rescue helicopters to Boeing. Here's Reuters' take: By Jim Wolf The U.S. Air Force expects to award by mid-February a recompeted contract for a new rescue helicopter...

By Dan Beyers | October 25, 2007; 06:57 AM ET | Comments (0)

Lockheed Martin Reports Strong Third Quarter Results

From the Associated Press Strong results across its four business units pushed third quarter earnings up 22 percent Tuesday at defense contractor Lockheed Martin, as the company beat Wall Street expectations and boosted its outlook for 2007. But the improved forecast and 2008 earnings guidance still fell shy of analyst...

By Mike Shepard | October 23, 2007; 11:53 AM ET | Comments (1)

Lockheed Martin Names New CFO

Bethesda defense giant Lockheed Martin has announced that executive vice president and chief financial officer Christopher E. Kubasik will lead its electronic systems business area, succeeding Robert B. Coutts, who is retiring. Bruce L. Tanner has been selected to replace Kubasik as executive vice president and CFO. "Both appointments will...

By Dan Beyers | August 12, 2007; 11:08 AM ET | Comments (0)

Lockheed's Earnings Up 34 Percent

From the Associated Press: Lockheed Martin Corp., the world's largest defense contractor, said Tuesday that second quarter earnings rose 34 percent on higher sales across most of its businesses, including fighter jets, missile defense and information technology. Lockheed also raised its 2007 forecast. The Bethesda company said it earned $778...

By Dan Beyers | July 24, 2007; 08:16 AM ET | Comments (0)

Rough Ride For Lockheed's Presidential Helicopter

The WSJ takes a look (subscription required) at Lockheed's effort to replace the government's fleet of presidential helicopters and finds what one expert calls a "a classic case of mission creep." The Navy has added so many bells and whistles since the contract was first let that the future Marine...

By Dan Beyers | July 24, 2007; 07:32 AM ET | Comments (11)

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