DIRS.INFO The most relevant business & tech news

☆ China's latest supersonic spy drone looks a lot like the Lockheed D-21 that crashed there in 1971
▼ + stars: | 2024-04-20 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +11 min

The aircraft, shaped like a dart and painted black, was a D-21 supersonic reconnaissance drone. Ultimately unsuccessful, the drone would be relegated to the annals of aviation history if not for the appearance of a strikingly similar Chinese drone unveiled at a recent military parade. AdvertisementThis is what we know about the high-flying Chinese spy drone and the D-21 upon which it could be based. High altitude, high speedLockheed's solution was to create an unmanned high-altitude high-speed reconnaissance aircraft with similar capabilities as the A-12, but much smaller. A WZ-8 reconnaissance drone is on display at the 13th China International Aviation and Aerospace Exhibition on September 28, 2021 in Zhuhai, China.

Persons: —, Francis Gary Powers, Dwight Eisenhower, Marquardt, Bill, Ray Torrick, Chen Xiao, Benjamin Brimelow Organizations: Service, Air Force, 4200th Support Squadron, Andersen Air Force Base, Business, Lockheed Corporation, Soviet, White House, CIA, Central Intelligence Agency, Lockheed's, Works, Redesignated, Navy, US Air Force, Chinese Aviation Museum, Davis, Monthan Air Force Base, 13th China International Aviation, Aerospace, US National Geospatial - Intelligence Agency, 29th Air Regiment, People's Liberation Army Air Force's 10th Bomber, Global Affairs, Fletcher School of Law, Diplomacy, Modern, Institute Locations: Guam, China, Soviet Union, Soviet, Yunnan, Beijing, Tucson , Arizona, United States, Zhuhai, People's Republic of China, Liuan, Korean, Taiwan, Pacific, West

☆ JPMorgan upgrades Lockheed Martin, says 'under-owned' defense stocks may find a bid in this 'dangerous' world
▼ + stars: | 2024-04-15 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

JPMorgan says Iran's drone attack on Israel over the weekend can drive a near-term surge in Lockheed Martin stock. LMT YTD mountain Lockheed Martin stock. "What we can say is that it's a dangerous world and while that is not a sufficient condition for Defense stocks to outperform, it is a potential source of support, especially when they are under-owned." The analyst added that Lockheed Martin and the array of defense stocks could benefit from a small increase to the defense budget last month, forecasting some supplemental spending for Ukraine, Israel and Taiwan. Lockheed Martin stock has lagged the broader market so far in 2024, falling less than 1% through Friday.

Persons: Seth Seifman, Seifman, Lockheed Martin, — CNBC's Michael Bloom Organizations: JPMorgan, Lockheed Locations: Israel, Lockheed Martin, Ukraine, Taiwan

☆ Take a look at the workhorse C-130 cargo plane that the US Air Force is reinventing to fight like a bomber
▼ + stars: | 2024-04-11 | by ( Elias Chavez | ) www.businessinsider.com time to read: +1 min

The first of its kindThe first C-130 Transport flying back from its early flight paces over California's Mojave Desert. Bettmann/Getty ImagesThe C-130 Hercules was created to address deficiencies in the US Air Force fleet during the Korean War. At the time, no plane could simultaneously achieve all the objectives the Air Force needed. To this day, Lockheed still makes C-130 models and their upgraded versions. The US Air Force has not stopped production of the C-130 class plane since it was invented in the 1950s, making it the longest continuous aircraft production run in history.

Persons: Hercules, Fairchild, Lockheed Martin, Jeff Rhodes, Rhodes Organizations: US Air Force, Air Force, Boeing, Douglas, Lockheed, Popular Mechanics, YC, Edwards Air Force Base Locations: Burbank , California, Kern County , California

Satellite manufacturer Terran Orbital is "looking at everything" regarding the company's future, CEO Marc Bell told CNBC, as it considers Lockheed Martin' s acquisition offer. "We found out about [Lockheed's takeover bid] when the rest of the world found out about it," Bell said on CNBC's "Manifest Space" podcast. The defense giant is already a significant stakeholder in Terran Orbital, with a 28.3% stake at the time of the proposal. Terran Orbital declined to comment on a shareholder lawsuit filed Wednesday in response to the company's board adopting a "poison pill" stock rights plan after Lockheed's offer. Bell added that Terran Orbital is "thrilled with the validation" that Lockheed's offer gave it.

Persons: Marc Bell, Lockheed Martin, Bell, Jefferies, We've Organizations: CNBC, Lockheed, Terran, Terran Orbital

☆ Lockheed Martin to cut 1% of its jobs in cost-cutting push
▼ + stars: | 2024-01-26 | by ( ) www.cnbc.com time to read: +1 min

Lockheed Martin's Tranche 0 Transport Layer satellites are seen in one of the company's processing facilities. Lockheed Martin will cut 1% of its jobs over the course of the year in a bid to cut costs and streamline operations, a company spokesperson said on Friday. The cost reductions will aid the company in transforming its operations digitally. "We're driving cost reduction in our direct cost base through supply chain optimization, factory productivity and also on 1LMX-driven efficiencies," Lockheed Martin CFO Jay Malave said in the company's post-earnings conference call on Tuesday. Lockheed on Tuesday forecast its 2024 profit below Wall Street expectations, citing supply chain disruptions in its largest aeronautics segment which makes F-35 jets.

Persons: Lockheed Martin's, Lockheed Martin, Jay Malave, 1LMX Organizations: Lockheed Locations: Maryland, China, Philippines, Russia, Ukraine

☆ Investing in Space: Sector led Lockheed and Northrop growth last year
▼ + stars: | 2024-01-25 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. But, when Lockheed Martin and Northrop Grumman both reported 2023 results this week, it was a different story. For both companies, space was the top segment for sales growth in 2023 — by a wide margin. You'd think with such strong results, space would be a highlight of quarterly earnings calls. But for both Lockheed and Northrop, executives and analysts still only mentioned space in passing.

Persons: CNBC's Michael Sheetz, Lockheed Martin, Northrop Grumman, Northrop, Morgan Brennan, Jay Malave, It's, it's, We've Organizations: Lockheed, Northrop, Vulcan, Boeing Locations: ULA

☆ NASA delays crewed Artemis moon missions into 2025 as companies navigate challenges
▼ + stars: | 2024-01-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

NASA is pushing back the schedule for upcoming missions of its flagship Artemis lunar program by about a year as the agency's contractors work to finish technology needed to return U.S. astronauts to the moon's surface. Artemis 2 — with a four-person crew, which NASA announced last spring — was previously planned to launch in November, while Artemis 3 had been targeting December 2025. The pair of missions are set to follow the uncrewed Artemis I mission that flew in 2022. The Artemis program represents a series of missions with escalating goals, aiming to return astronauts to the lunar surface for the first time since the Apollo era. Nelson's comments confirm reporting by CNN and Reuters that NASA would be pushing out the schedule for the program.

Persons: Artemis, Reid Wiseman Victor Glover, Christina Koch, Jeremy Hansen, Bill Nelson, —, Lockheed Martin, Elon, Jeff Bezos Organizations: NASA, Artemis, CNN, Reuters, Boeing, Northrop Grumman, Lockheed, SpaceX, Collins Aerospace, SpaceX's Locations: U.S

☆ Lockheed Martin CEO says America needs to invest in digital defense systems to prepare for the future
▼ + stars: | 2023-11-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Lockheed Martin CEO Jim Taiclet told CNBC's Jim Cramer on Tuesday that the U.S. needs to invest in digital technology to prepare for the future. Taiclet added that Lockheed has alliances with companies like Nvidia, Microsoft and Intel to bring digital technology more quickly into the defense sector. The Biden administration is seeking a $105 billion security aid package to support the security needs of allies like Ukraine and Israel. According to Taiclet, Lockheed is capable of doubling its F35 aircrafts with the right investments from government and its suppliers, but it might take a few years. "We want to be on offense and defense and use the latest technology to actually make that happen," he said.

Persons: Lockheed Martin, Jim Taiclet, CNBC's Jim Cramer, Taiclet, Biden Organizations: Lockheed, Nvidia, Microsoft, Intel Locations: Ukraine, Israel

"Airbus remains committed to providing the U.S. Air Force and our warfighters with the most modern and capable tanker on the market," an Airbus spokesperson said. The Air Force has sought to replace hundreds of Eisenhower-era KC-135 tankers in three lots. "Lockheed Martin has decided not to respond to the U.S. Air Force's KC-135 fleet recapitalization Request for Information," Lockheed spokesperson Stephanie Stinn said in a statement. A Lockheed-Airbus victory would have landed Airbus its first aircraft contract with the U.S. Air Force after attempting to penetrate the U.S. defense market for two decades. In 2011, Boeing won the first of the three-phase procurement to replace the Air Force's aging tanker fleet, securing a contract for 179 KC-46s.

Persons: Cheney Orr, Eisenhower, Lockheed Martin, Stephanie Stinn, Lockheed's, Valerie Insinna, Mike Stone, Chizu Organizations: Lockheed, Association of, United States Army, Global, REUTERS, Rights, Lockheed Martin Corp, U.S . Air, KC, Air Force, Airbus, U.S . Air Force, The Air Force, Boeing, U.S . Air Force's KC, Pegasus, Refueling, recapitalization, Air, Thomson Locations: Huntsville , Alabama, U.S, Alabama, Georgia, Washington

REUTERS/Cheney Orr/File Photo Acquire Licensing RightsOct 17 (Reuters) - Lockheed Martin (LMT.N) reported higher third-quarter revenue on Tuesday, as geopolitical tensions fueled sustained demand for its military equipment. Lockheed's weapons, such as the guided multiple launch rocket system and Javelin anti-tank missiles, made in conjunction with defense company RTX (RTX.N), have proven critical to Ukraine's war efforts. Revenue at the Missiles and Fire Control unit, which makes the High Mobility Artillery Rocket System, was $2.94 billion, up 3.8% from a year earlier. Bethesda, Maryland-based Lockheed posted a net income of $6.73 per share for the quarter ended Sept. 24, compared with $6.71 per share a year earlier. Quarterly net sales rose around 1.78% to $16.88 billion.

Persons: Cheney Orr, Lockheed Martin, LMT.N, restocking, Frank St John, Pratyush Thakur, Mike Stone, Krishna Chandra Organizations: Lockheed, Association of, United States Army, Global, REUTERS, Reuters, Missiles, Control, High Mobility Artillery, Thomson Locations: Huntsville , Alabama, U.S, Ukraine, Bethesda , Maryland, Bengaluru, Washington

☆ Investing in Space: Why the Pentagon is spending billions to build its own satellite constellation
▼ + stars: | 2023-08-31 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Low Earth orbit satellite constellations are all the rage, but up to this point they've been the prospective domain of commercial entities. SDA is about to launch the second mission of its constellation known as the "Proliferated Warfighter Space Architecture," or PWSA. The Transport satellites in Tranche 0 cost about $15 million each, according to Jennifer Elzea, the agency's chief of strategic engagement. Investing in Space programming note: I will be out next week, but back the following for the World Satellite Business Week conference in Paris!

Persons: Lockheed Martin's, CNBC's Michael Sheetz, Lockheed Martin, Chris Winslett, Winslett, Jennifer Elzea, Elzea, It's, Mike Eppolito, we'll, Eppolito Organizations: Lockheed, Space Development Agency, U.S . Space Force, Transport, Pentagon, SpaceX, Space Force, Command, PWSA, World Locations: tranches, York, Paris

☆ Lockheed's Sikorsky wins $2.7 billion U.S. Navy contract
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

A Sikorsky CH-53K King Stallion helicopter is seen in Berlin, Germany, April 26, 2018. REUTERS/Axel Schmidt/file photo Acquire Licensing RightsAug 24 (Reuters) - Sikorsky, a unit of Lockheed Martin (LMT.N), said on Thursday it was awarded a $2.7 billion contract by the U.S. Navy to build 35 additional CH-53K helicopters. The agreement includes 12 U.S. Marine Corps Lot 7 aircraft, 15 U.S. Marine Corps Lot 8 aircraft, and eight aircraft for Israel. "This contract award for 35 CH-53K helicopters stabilizes Sikorsky's nationwide supply base, creates additional production efficiencies," said Sikorsky's president Paul Lemmo. Sikorsky said it will begin delivery of these aircraft in 2026.

Persons: Axel Schmidt, Lockheed Martin, Paul Lemmo, Sikorsky, Pratyush Thakur, Shailesh Organizations: Sikorsky, King Stallion, REUTERS, Lockheed, U.S . Navy, Berlin Air, . Marine Corps, U.S . Marine Corps, Thomson Locations: Berlin, Germany, Israel, Bengaluru

☆ Pentagon space arm awards $1.5 billion contract to Lockheed Martin and Northrop Grumman for communications satellites
▼ + stars: | 2023-08-21 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

The Pentagon's Space Development Agency on Monday awarded $1.5 billion in contracts to Lockheed Martin and Northrop Grumman for prototype communications satellites. Lockheed and Northrop will each build 36 of the prototype satellites, scheduled to begin launching by September 2026. Those "Tranche 0" satellites were the first effort to demonstrate the feasibility of SDA's network. In addition to communications, the SDA network aims to provide the U.S. military with features such as missile warning and tracking capabilities. SDA has previously awarded contracts to build and operate satellites in its fleet to York Space, SpaceX, Lockheed Martin, Northrop Grumman, and L3Harris .

Persons: Lockheed Martin, Northrop, Northrop Grumman Organizations: Space Development Agency, Lockheed, Northrop Grumman, Northrop, SDA, CNBC, Pentagon, Space Force, Department of Defense's, Command, Control, SpaceX

REUTERS/Joe Skipper/File PhotoPARIS, Aug 2 (Reuters) - U.S. space venture company Voyager Space and Airbus (AIR.PA) said on Wednesday they will co-operate more closely in the race to build a private version of the International Space Station. Voyager Space also declined to discuss funding plans. "Lockheed will likely still have a role to play somewhere within the supply chain," Dylan Taylor, CEO of Voyager Space told reporters. Lockheed remains an important customer for Voyager and Starlab will remain U.S.-led, he added. Voyager Space and Airbus have said Starlab would deploy in 2028, but backed away from a specific timeline on Wednesday.

Persons: Joe Skipper, Voyager's Starlab, Lockheed Martin, Dylan Taylor, Jeff Bezos, we're, Taylor, Tim Hepher, Joey Roulette, Jane Merriman Organizations: NASA, Vehicle, Kennedy Space Center, REUTERS, Space, Airbus, International Space, Lockheed, Voyager Space, Thomson Locations: Cape Canaveral , Florida, U.S, Columbus, Europe

☆ Investing in Space: What to watch for in Q2 earnings reports
▼ + stars: | 2023-07-27 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. As Wall Street works its way through second-quarter earnings reports, investors are getting a closer look at first-half performance from the space sector — and setting expectations for the second half of the year. Wall Street continues to be jazzed about the opportunity in the direct-to-device satellite market, but Iridium cautioned that it will take time for the nascent vertical to mature. Most of the other space stocks will report results over the first two weeks of August (aside from Planet , which follows a fiscal year calendar, and Mynaric , Satellogic , Intuitive Machines and Sidus Space ). As a guide for the upcoming Q2 space results, I'm roughly separating companies into two groups: No surprises wanted, and good surprises needed.

Persons: CNBC's Michael Sheetz, Lockheed Martin, Northrop Grumman Organizations: Boeing, Northrop, Iridium, Barclays, Fed

July 18 (Reuters) - U.S. weapons maker Lockheed Martin (LMT.N) on Tuesday raised its annual profit and sales outlook on strong demand for military equipment stoked by ongoing geopolitical uncertainties. The advanced jet is Lockheed's largest program, after having generated 27% of total consolidated net sales and 66% of aeronautics' net sales in 2022. Quarterly sales at Lockheed's aeronautics unit, its largest, rose 17.3% from a year earlier to $6.88 billion. It expects full-year net sales to be between $66.25 billion and $66.75 billion, up from its earlier forecast of $65 billion to $66 billion. Quarterly net sales rose 8.1% to $16.69 billion.

Persons: Lockheed Martin, Russia's, Lockheed's, Pratyush Thakur, Mike Stone, Krishna Chandra Organizations: Lockheed, Defense, Thomson Locations: U.S, Ukraine, China, Israel, United States, Bethesda , Maryland, Bengaluru, Washington

☆ Exclusive: Lockheed raises concerns over L3Harris-Aerojet deal
▼ + stars: | 2023-06-20 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

PARIS, June 20 (Reuters) - Lockheed Martin (LMT.N) has raised concerns with the U.S. Defense Department and Federal Trade Commission (FTC) about L3Harris's (LHX.N) acquisition of Aerojet Rocketdyne (AJRD.N), Lockheed's chief operating officer said on Tuesday. Frank St John told Reuters that Lockheed, Aerojet's biggest customer, wanted L3Harris to ensure access to rocket motors, fair pricing and IP protections, adding it had received "little response" from L3Harris over its concerns. If L3Harris continues to be unresponsive, Lockheed wants the Defense Department or FTC to put in place a mechanism to guarantee access to technology, St John said. L3Harris, Aerojet Rocketdyne, the FTC and Defense Department did not immediately respond to emailed requests for comment. Lockheed had previously attempted to buy Aerojet in a $4.4 billion deal, but walked away from the acquisition in February 2022 after the FTC sued to block the deal, citing concerns that Lockheed could hinder competitors' fair access to Aerojet products.

Persons: Lockheed Martin, Aerojet, Frank St John, L3Harris, we've, St John, Aerojet Rocketdyne, Lockheed's, Greg Hayes, Chris Calio, Valerie Insinna, Mark Potter Organizations: Lockheed, U.S . Defense Department, Federal Trade Commission, Reuters, Paris, Defense Department, FTC, Aerojet, Thomson Locations: L3Harris, Ukraine

☆ U.S. Air Force to award sixth-generation fighter contract in 2024
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

May 18 (Reuters) - The U.S. Air Force intends to award a contract in 2024 for its sixth-generation fighter jet as it races to retain its edge against rapid advances in Chinese military technology, the service said on Thursday. The Air Force released a classified solicitation to industry on Thursday laying out the technical requirements. The new fighter will "survive, persist, interoperate, and adapt in the air domain, all within highly-contested operational environments," Air Force Secretary Frank Kendall said in a statement. "No one does this better than the U.S. Air Force, but we will lose that edge if we don't move forward now." The Air Force plans to spend $2.3 billion on the program in fiscal 2024, and an additional $595 million to continue engine development for the new fighter.

☆ Lockheed and Rheinmetall to develop German version of HIMARS rocket launchers
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo, Japan, October 12, 2016. REUTERS/Kim Kyung-HoonBERLIN, April 20 (Reuters) - Arms makers Lockheed Martin (LMT.N) and Rheinmetall (RHMG.DE) will team up to develop a German rocket artillery system, they said on Thursday, a weapon in the same category as the HIMARS rocket launchers Lockheed has been supplying to Ukraine. Rheinmetall and Lockheed said in a statement they had signed a memorandum of understanding and that the new weapon would integrate existing German components. "The combination of proven capabilities and comprehensive know-how of Lockheed Martin with the expertise of Rheinmetall on the production side will provide unique opportunities for both sides," Rheinmetall Chief Executive Armin Papperger said. "Lockheed Martin is looking forward to the cooperation and the optimisation of our joint resources to meet the immediate needs for deterrence," said Paula Hartley, Lockheed's vice president of tactical missiles.

April 18 (Reuters) - U.S. weapons maker Lockheed Martin Corp's (LMT.N) first-quarter results surpassed Wall Street targets on Tuesday despite parts and labor shortages, as simmering geopolitical tensions fueled demand from both U.S. and international customers. Shares of the company rose as much as 3.8% to hit a record high of $508.1 in early trading. The Pentagon's $858 billion defense budget for 2023 has also resulted in multiple contract wins for U.S. defense firms such as Lockheed, Raytheon Technologies (RTX.N) and Northrop Grumman Corp (NOC.N), which count the U.S. Department of Defense as their biggest customer. Lockheed's order backlog also fell to $145.1 billion as of quarter-end from $150 billion at the end of 2022. The missiles maker reaffirmed its full-year outlook, projecting net sales in the range of about $65 billion to $66 billion and profits between $26.60 and $26.90 per share.

☆ After 55 years in flight, the US Air Force is planning to keep its biggest plane in action for a few more decades
▼ + stars: | 2023-04-13 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +7 min

The Air Force said the material used to make the parts showed "promising results" and appeared "to be impervious to natural elements." The use of 3D parts could result in faster turnaround times and reduced costs for maintenance on the C-5, the largest aircraft in Air Force's inventory and the workhorse of US Air Force Air Mobility Command. The GalaxyThe C-5A Galaxy lifts off from the Dobbins Air Force Base for its maiden flight on June 30, 1968. The Air Force needed a single plane capable of carrying loads of over 150,000 pounds to distances over 3,000 miles. Development, upgrades, and futureA C-5 and other US Air Force aircraft during an air show at at Andrews Air Force Base in May 2007.

☆ US GAO denies Lockheed protest of Textron $7 bln Army helicopter deal
▼ + stars: | 2023-04-06 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

WASHINGTON, April 6 (Reuters) - The U.S. Government Accountability Office on Thursday denied Lockheed Martin Corp's (LMT.N) protest of the Army contract for the Future Long Range-Assault Aircraft worth as much as a $7.1 billion, awarded to Textron Inc's (TXT.N) Bell helicopter unit over Lockheed's Sikorsky unit. The initial contract award was for $232 million, but the first batch of helicopters in low rate production will be worth $7.1 billion. Ultimately, the contract is potentially worth around $70 billion - over decades - depending on how many the Army and U.S. allies order, the Army has said. In the FLARAA competition was Bell's V-280 "Valor," a tiltrotor aircraft that has reached speeds in excess of 340 mph (547 kph) according to the Army. “We remain confident the Lockheed Martin Sikorsky and Boeing team submitted the most capable, affordable and lowest-risk Future Long-Range Assault Aircraft solution.

☆ Defence contractors target Australia as it gears up to counter China
▼ + stars: | 2023-03-02 | by ( Jamie Freed | ) www.reuters.com time to read: +4 min

The firms are pushing for billions of dollars' worth of purchases expected after Australia's long-awaited defence strategic review (DSR) is made public next month, setting out the force structure and equipment required over the next decade. The government's aim is to "speed up the acquisition cycle" and move as quickly as possible once the review is public, Defence Industry Minister Pat Conroy told reporters on Wednesday. Australia ranked 12th globally in military spending in 2021 at $31.8 billion, according to the Stockholm International Peace Research Institute. Lockheed was selected last year alongside Raytheon Technologies Corp (RTX.N) to accelerate the manufacture and delivery of guided weapons to Australia. In-country assembly, and eventually manufacturing, are a focus of the project that aims to build local stockpiles, said Ken Kota, vice president of Lockheed's Australian defence strategic capabilities office.

☆ Lockheed's HIMARS plant gearing up to meet demand after Ukraine success
▼ + stars: | 2023-02-28 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

REUTERS/Kevin LamarqueCAMDEN, Arkansas, Feb 27 (Reuters) - Lockheed Martin's mobile rocket launcher plant in Camden, Arkansas is gearing up to boost production of the HIMARS system after its success on the battlefield in Ukraine drove up demand from other nations, executives said on Monday. The High Mobility Artillery Rocket System (HIMARS) is now a widely recognized weapon after mobile phone camera footage of the war in Ukraine showed the launchers in action. Lockheed started 2022 with a HIMARS launcher production rate of 48, but has since ramped up to 60 year. The HIMARS launcher had been growing in popularity even before its success in Ukraine. Reporting by Mike Stone in Camden, Arkansas; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street’s most overbought stocks include PepsiCo and this little-known insurance company
▼ + stars: | 2023-02-26 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The data sparked a broad market sell-off, with the S & P 500 losing 1%. .SPX 5D mountain Tough week for stocks Still, investors should consider easing exposure to names that are still overbought. CNBC Pro screened for S & P 500 stocks in overbought territory, using the relative strength index. CNBC Pro also screened for S & P 500 stocks in oversold territory. To be sure, First Republic shares are down 1.2% year to date, lagging SPDR S & P Regional Banking ETF (KRE) — which is up 5% in 2023.

Search resuls for: "Lockheed's"

25 mentions found