Lockheed Martin bags $240M Air Force contract

Friday, 2 June 2023, 07:20:49
Lockheed Martin”s (LMT) Missile and Fire Control, Orlando, has been awarded a $240M undefinitized contract for the Joint Air-to-Surface Standoff Missile AGM-158D development, test,…
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Lockheed Martin Corporation (LMT) Bernstein”s 39th Annual Strategic Decisions Conference 2023 (Transcript)

Thursday, 1 June 2023, 21:45:10
Lockheed Martin Corporation (NYSE:NYSE:LMT) Bernstein”s 39th Annual Strategic Decisions Conference 2023 June 1, 2023 10:00 AM ETCompany ParticipantsJames Taiclet – Chairman, President and…
— Seeking Alpha

Fortify Secures $12.5 Million in Funding From Investors, Including Lockheed Martin Ventures & RTX Ventures, to Accelerate Growth in Advanced Materials & Additive Manufacturing

Thursday, 1 June 2023, 15:00:00
BOSTON, MA / ACCESSWIRE / June 1, 2023 / Fortify , a leading full-stack materials science and additive manufacturing company, announced today that it has raised $12.5 million in a funding round from investors, including Lockheed Martin Ventures and RTX Ventures, the venture capital arms of Lockheed Martin and Raytheon Technologies, respectively. This strategic investment will enable Fortify to expand its capabilities and accelerate the development of its groundbreaking Digital Composite Manufacturing (DCM) platform. Fortify”s DCM platform revolutionizes the manufacturing of complex structures by offering unique mechanical, electrical, thermal, and electromagnetic properties. The platform has garnered significant interest across more than 50 Fortify partners and customers in digital tooling, medical devices, electronics, aerospace, and defense. Key customers in the A&D space beyond Lockheed and Raytheon Technologies include: In-Q-Tel, US Department of Energy, Rogers Corporation, Lawrence Livermore National Labs, TTM Technologies, and Ierus Technologies. “We are thrilled to have Lockheed Martin Ventures and RTX Ventures as strategic investors in this funding round,” said Lawrence Ganti, CEO of Fortify. “Their expertise and global reach in the aerospace and defense industries will be invaluable in helping us to continue to innovate and scale our Digital Composite Manufacturing platform.
— Accesswire

7 Dividend Stocks to Buy (and Never Sell)

Thursday, 1 June 2023, 03:11:56
When it comes to finding the best long-term dividend stocks to buy, yield should one be a key part of your overall criteria. It may sound tempting to build a dividend portfolio made up entirely of high-yielding names, but there are some flaws to such a strategy. Namely, given how common it is for high-yielding stocks to end up becoming yield or value-traps, paper losses can sometimes outweigh the gains from steady-but-large payouts. Hence, placing as much emphasis on factors like quality and dividend growth are key. A portfolio consisting of the best forever hold dividend stocks may have the highest overall yield, yet factors like continued dividend growth, as well as from growth of the portfolio due to price appreciation will more than make up for it. So, what are some of the best long-term dividend stocks to buy right now? Consider these seven. Each one offers a solid yield, has a track record of steady dividend growth, and is reasonably-priced to boot. GPC Genuine Parts $148.93 ITW Illinois Tool Works $218.73 JPM JPMorgan $135.71 LMT Lockheed Martin $444.01 LOW Lowe’s $201.13 MRK Merck $110.41 TXN Texas Instruments $173.88 Genuine Parts (GPC) Source: Dmitry Lobanov/Shutterstock.com Genuine Parts (NYSE: GPC ) is a leading distributor of automotive and industrial parts.
— InvestorPlace

Piasecki Aircraft Corporation Acquires Lockheed Martin Sikorsky Heliplex in Coatesville, Pennsylvania

Wednesday, 31 May 2023, 22:40:00
Piasecki To Transform Former Sikorsky Helicopter Plant Into Advanced VTOL R&D Facility; Plans To Hire 400 Workers By 2028 COATESVILLE, PA / ACCESSWIRE / May 31, 2023 / Piasecki Aircraft Corporation (PiAC), a pioneer in advanced rotorcraft technology, announced today that it has acquired the former Lockheed Martin Sikorsky Heliplex facility in Coatesville, Pennsylvania, which previously served as a production and delivery center for Sikorsky”s S-76 and S-92 helicopters. Piasecki Aircraft Corporation Ribbon-Cutting in Coatesville, PA From left to right: Mike Stanberry, Mike Hirschberg, Rick Siger, Arthur Kania, Fred Piasecki, Rep. Chrissy Houlahan, Dr. Martine Rothblatt, John Piasecki, Greg Piasecki, Val Miftakhov, Michael Tremlett, Bill Moeller The company will transform the 219,000 square foot state-of-the-art facility into an advanced R&D center for next-generation Vertical Take Off and Landing (VTOL) aircraft, Unmanned Aerial Systems (UAS), and related enabling technologies. Notably, the company”s forthcoming PA-890 helicopter, the world”s first zero-emission hydrogen fuel cell rotorcraft, will be built and tested there.
— Accesswire