|Bid||360.01 x 900|
|Ask||360.14 x 900|
|Day's range||357.25 - 360.74|
|52-week range||241.18 - 360.74|
|Beta (3Y monthly)||1.30|
|PE ratio (TTM)||18.41|
|Earnings date||22 Jul 2019 - 26 Jul 2019|
|Forward dividend & yield||8.80 (2.47%)|
|1y target est||370.06|
Britain broke the law by allowing arms sales to Saudi Arabia that might have been deployed in the war in Yemen, an English court ruled on Thursday after activists said there was evidence the weapons had been used in violation of human rights statutes. While the court's decision does not mean Britain must immediately halt arms exports to Saudi Arabia, it does mean that there is a stay on the granting of new export licenses to sell arms to the kingdom - Britain's biggest weapons purchaser.
Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers. Rising tensions between the United States and China have sparked concerns that Beijing could use its dominant position as a supplier of rare earths for leverage in the trade war between the two global economic powers. China supplied 80% of the rare earths imported by the United States from 2014 to 2017.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Lockheed Martin (LMT) have what it takes? Let's find out.
The Zacks Analyst Blog Highlights: Boeing, Lockheed, Raytheon, General Dynamics and Huntington
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step in the budding hypersonic arms race between China and Russia.
(Bloomberg) -- Crane Co. is ramping up pressure on rival Circor International Inc. by taking its $45-a-share takeover offer directly to the industrial product manufacturer’s shareholders.Crane has commenced an unsolicited, all-cash tender offer for the flow control equipment maker’s outstanding shares, Circor said in a statement Monday, confirming an earlier Bloomberg News report."The Circor board of directors will carefully review and evaluate Crane’s tender offer to determine the course of action that it believes is in the best interests of Circor and its shareholders," the company said. The board intends to make a recommendation to shareholders on the offer within 10 business days.The tender offer, which would crystallize Crane’s unrequited overtures into a formal hostile takeover proposal, is aimed at forcing Circor’s management to the negotiating table to avoid facing the prospect of a shareholder referendum on the deal."This cash tender offer provides Circor shareholders the opportunity to send a clear message to the Circor board," Crane Chief Executive Officer Max Mitchell said in a statement Monday. "Circor shareholders have endured five years of underperformance and a series of value-destroying capital allocation decisions by current management."The offer represents about a 50% premium above Circor’s share price on May 20, the day before Bloomberg first reported Crane’s interest in acquiring it. Circor rose less than 1 percent to $45.02 at 12:55 p.m. in New York on Monday, valuing the Burlington, Massachusetts-based company at $896 million. Crane’s largest customers by revenue include Boeing Co. and Airbus SE, while Circor’s include Lockheed Martin Corp. and Exxon Mobil Corp.The push comes almost two weeks after Mitchell criticized Circor’s board for refusing to engage in merger talks despite a series of offers to do so. In a letter dated June 4, Mitchell said Circor’s board had “provided no significant rationale for its rejection,” calling it a “disservice to Circor shareholders.”In the same letter, Mitchell said Crane was willing to improve the terms of its $45-a-share offer should Circor decide to engage.Mario Gabelli, chairman of Gamco Investors Inc., which owns 15.2% of Circor’s stock and is the largest investor, has also criticized the board’s failure to engage with Stamford, Connecticut-based Crane.In an interview last month, Gabelli said “there is no way you could talk about this as proper governance.”(Updates with comment from Crane CEO in fifth paragraph.)To contact the reporter on this story: Ed Hammond in New York at email@example.comTo contact the editors responsible for this story: Elizabeth Fournier at firstname.lastname@example.org, Kevin MillerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The recent attacks on oil tankers rattle the international petroleum market. If U.S. initiates a war in the Middle East, U.S. defense majors are likely to gain.
Lockheed Martin F-35 program manager Greg Ulmer said on Monday he had "no concern" that the proposed merger of Raytheon Co and United Technologies Corp would affect the F-35 program or pressure its margins. "I don't see any concern," Ulmer told reporters at the Paris Airshow when asked if the merger of two key suppliers would affect the F-35 program, which is working hard to reduce costs.
Lockheed Martin F-35 programme manager Greg Ulmer said on Monday he had "no concern" that the proposed merger of Raytheon Co and United Technologies Corp would affect the F-35 programme or pressure its margins. "I don't see any concern," Ulmer told reporters at the Paris Airshow when asked if the merger of two key suppliers would affect the F-35 programme, which is working hard to reduce costs.
The F-35 fighter jets maker had announced plans to close the plant, which does "completion work" for Sikorsky's S-92 and S-76D helicopters, citing a multi-year slump in the rotorcraft industry, possibly due to the protracted downturn in oil prices. "While Pennsylvania is BOOMING, I don't want there to be even a little glitch in Coatesville - every job counts.
The Senate on Thursday voted against an effort to block sales of a set of U.S. arms to Qatar and Bahrain, though Kentucky Republican Sen. Rand Paul’s push got support from more than 40% of the chamber.
Between 2014 and 2018—during Modi’s first term—India imported $13.9 billion worth of arms, making it the world’s second-largest importer of arms. With $16.9 billion worth of arms imports, Saudi Arabia was the largest importer of arms during the period.
American Outdoor Brands (AOBC) is likely to witness some duplicate expense in fourth-quarter fiscal 2019 due to the ramp-up of the new logistics facility
Zacks.com featured highlights include: Lithia Motors, OUTFRONT, Lockheed, Maximus and Microsoft
Lockheed Martin is a year ahead of schedule with its plan to cut the cost of its F-35 A fighter jet variant to $80 million by 2020, the U.S. company said on Thursday. "We have beaten the goal by a full year," Lockheed Martin campaign manager Mark Pranke told a news conference in Helsinki, where the company is seeking a deal worth an estimated 7-10 billion euros ($7.9-11.3 billion) to replace Finland's ageing 64 Hornet fighter jets. Finland's new centre-left government said last week it would pick new fighter jets in 2021 from five shortlisted options, including U.S.-based Boeing's F/A-18 Super Hornet, French firm Dassault's Rafale, the Eurofighter Typhoon and Swedish firm Saab's Jas Gripen, as well as the F-35.