Congress is asking top U.S. defense contractors to disclose their corporate plans if the military is forced to cut $500 billion from its budget early next year, putting the companies in the middle of a political fight between Republicans and the White House.
No doubt about it, the job recovery has all but hit a standstill.
It's the security nightmare scenario: A website stuffed with sensitive documents leaves all of its customer data unprotected and exposed.
updated: Mon May 30 2011 06:09:00
Lockheed Martin cuts carbon, waste and water use with "Go Green" initiative.
Thousands of confidential files on the U.S. military's most technologically advanced fighter aircraft have been compromised by unknown computer hackers over the past two years, according to senior defense officials.
The FBI has awarded a nearly $1 billion contract to Lockheed Martin to help create a massive computer database of people's physical characteristics as part of an effort to better identify criminals and terrorists.
updated: Wed Feb 13 2008 16:02:00
The FBI's Thomas Bush says his agency needs to 'get up to speed' with biometrics to collect data on criminals and others.
Lockheed Martin Corp. said on Friday its chief financial officer will take up the leadership of one of the company's main operating units, and be replaced as CFO by the finance chief of its plane building unit.
JIM DOWN'S 85-YEAR-OLD MOTHER wasn't happy for him when he retired. In fact, she cried. The former vice chairman of Mercer Management Consulting was only 50 when he stepped down in 2002—far too young, as far as Mom was concerned, to cross the finish line. Jim's father, a Travelers insurance manager, retired at age 70 and had never been happy with all the free time on his hands. "To her, retirement is the end of the road," says Down. "I had to convince her it was a new beginning."
Jim Down's 85-year old mother wasn't happy for him when he retired. In fact, she cried. The former vice chairman of Mercer Management Consulting was only 50 when he stepped down in 2002 far too young, as far as Mom was concerned, to cross the finish line.
Think you know what will make you happy when you call it quits? Learn from those who've been there, done that.
Lockheed Martin wasn't my favorite defense stock the last time I wrote about the sector back in January. But based on the recent news reports out of Washington, I've got a sudden soft spot for the company - one unrelated to Lockheed's business or its earnings prospects.
Wall Street struggled Tuesday as stocks fought for gains after surging but ultimately disappointing sales over the Christmas weekend.
Lockheed Martin tries to buzz buyers
Joanne Maguire, the 52-year-old EVP, Space Systems of Lockheed Martin, ranks No. 35 on Fortune's 2006 list of 50 Most Powerful Women.
Lockheed Martin ranks no. 150 on FORTUNE's Global 500 this year, with $37.2 billion in revenues, up 4.7% from the previous year. The Bethesda, Maryland-based company was ranked no. 135 on the 2005 list. Its 2005 profits were $1.8 billion, up 44.2% from a year earlier. 2005 was a banner year for most Global 500 companies.
Stocks opened higher Friday after a monthly employment report offered no big surprises and came in line with expectations.
NASA has awarded Lockheed Martin the contract to build the Orion spacecraft, which is to be used in the effort to return astronauts to the moon.
The place became such a legend, they trademarked the name - and even a skunk. Founded in 1943, Lockheed's Skunk Works built a series of remarkable aircraft, including the F-104 Starfighter and the ...
What's going on with Mrs. Market? (Yes, a SHE!) We get close to the Dow record, then we get scared off. Makes sense to me actually ... too much inflation for my taste.
Attention, people of Earth: We are going to Mars. This is no sci-fi fantasy; for the past two years, NASA has been gearing up to meet the Bush administration's goal of landing humans on Mars by around 2030. The agency plans to set up a base on the Moon by 2020 to act as a staging area; that effort alone is projected to cost at least $104 billion. Throw in the round-trip voyage to Mars, and John Edwards, space systems analyst at Forecast International, estimates that the total cost of the program will top $400 billion--making it history's largest government-backed science project.
Lockheed Martin's Skunk Works, famed for the U-2 and Blackbird spy planes that flew higher than anything else in the world in their day, is trying for a different altitude record: an airplane that starts and ends its mission 150 feet underwater.
The new year rally could come to a halt Thursday as rising oil prices dampen investor sentiment towards the stock market.
Computer Sciences Corp. shares tumbled Monday following reports that a group of potential buyers abandoned talks to acquire the computer services company.
Stocks staged a late-day rally Monday as strength in energy, financials, homebuilders and aerospace overshadowed worries about General Motors.
NASA's Michoud Assembly Facility in New Orleans, the location where space shuttle external tanks are assembled, has weathered the ravages of Hurricane Katrina, said the facility's spokesman on Tuesday.
When was the last time you heard about a bold CEO who has bet the company on some big, hairy project that may never pay off? Has the age of compliance turned executives into wimps with a calculator...
L-3 Communications announced Friday that it has agreed to acquire defense contractor Titan Corp. for $2.65 billion, including debt.
Defense contractor Titan Corp. has held talks on a possible sale to L-3 Communications Holdings, less than a year after its proposed purchase by Lockheed Martin was scuttled by a foreign-bribery investigation, according to a published report.
NEW YORK (CNN/Money) - There have been few places for investors to hide in what's been a lackluster market lately.
THE SHOOTINGS ON Jan. 26 at a Jeep factory in Toledo bring to mind an eerily similar episode of violence that is likely to have serious legal implications for all U.S. employers. On a scorching-hot...
Lockheed Martin received a multibillion-dollar contract to build the next fleet of presidential helicopters -- new three-engined craft that will be larger than the current Marine One and have a new array of security measures aboard, officials said Friday.
U.S. stocks were poised to open higher Tuesday, reversing declines it saw in the first trading day of the year.
Tech workers trusted by Uncle Sam are in high demand. Government contractors, flush with more Homeland Security and Defense Department business than they can handle, are desperate for talent to tac...
What killed the cat makes us rich. To be more specific: If it weren't for the intellectual curiosity of engineers and scientists thinking things through, trying out ideas, and taking wild guesses i...
Raised profit guidance from Ford Motor, the passing of Hurricane Ivan and Texas Instruments' latest news pointed to a higher open for stocks Friday as the trading week comes to an end.
Stock futures were mixed Friday following news that economic growth was slower than initially thought in the second quarter.
Investors will chew over earnings statements from a number of hefty companies before the bell Tuesday as they await the release of key economic indicators mid morning.
An audit by the Department of Defense inspector-general criticizes the Air Force for spending $2.6 billion on airplanes that failed to fulfill the military's requirements.
Five days after gunmen attacked a residential compound in Khobar on May 29, Jerry Johnston packed his bags and went home to West Columbia, Texas. After 13 years working and living in Saudi Arabia, ...
Shares of Titan Corp. sagged Monday after U.S. defense contractor Lockheed Martin Corp. said it called off its planned acquisition of the information technology provider because Titan had not resolved a federal bribery investigation by a Friday deadline.
As Saudi authorities search for American Paul M. Johnson, his kidnappers are reportedly preparing a video on which he will "confess" and they will make their demands.
A batch of higher-than-expected earnings brought out the bulls early Tuesday, with investors dipping back into stocks after Monday's decline.
NEW YORK (Reuters) - Top U.S. defense contractor Lockheed Martin Corp. Friday postponed its $1.8 billion purchase of information technology specialist Titan Corp. while the government investigates payments by Titan consultants to foreign officials.
Investors will try to find a way to keep stocks from sliding Tuesday after Wall Street finished Monday's trading on the upside.
If it seems the possibility of a U.S. mission to Mars or the moon would be a boon to the nation's aerospace industry, industry officials and the analysts who follow it are more down to earth.
With the federal government spending $36 billion on homeland security and the private sector upping its outlays, companies are clamoring to get in on the action. Perhaps the most watched area has b...
Perhaps the only thing certain about the impending conflict with Iraq is that we will need weapons to fight it. And nobody makes vehicles of war like Lockheed Martin (LMT, $48), the world's largest...
The next time American armed forces go to war--if they're not already fighting in Iraq as you read this--the nature of the battle will be unlike anything the world has ever known. Afghanistan provi...
There are few places safer than the sidelines. Rarely do fans get body-slammed by 350-pound linebackers, cleated in the face by base runners, or hit in the skull by hockey pucks. It is the same wit...
Heading to Splitsville
Bear with us for a moment as we review some news from February.
Sure, shares of defense contractors like Northrop Grumman and Lockheed Martin have shot up since the Sept.11 attacks. It's only natural: America is at war. But the big guns aren't the only ones ben...
No one knows precisely what President Bush's "new kind of war" against terrorism will look like--as Defense Secretary Donald Rumsfeld soberly notes, our opponents "operate in the shadows and we hav...
"Bandwidth is kind of like a drug," says Dana Waldman. "The more you get, the more you want." As CEO and founder of a private communications startup that's building a potent new way to deliver this...
Ever since the end of the Cold War, defense contractors have tried--and mostly failed--to find commercial uses for their military technology. For every huge success like Qualcomm's wireless standar...
There is no use having a universe if there is no one to see it. That is our job. --Ray Bradbury, Space Frontier Foundation Conference, 1999
Imagine FORTUNE's surprise when it recently received a sternly worded letter from the estimable law firm of Quinn Emanuel Urquhart Oliver & Hedges. The problem? As the letter put it, "FORTUNE Magaz...
It seems like the stuff of pipe dreams. Engineers at Lockheed Martin, taking inspiration from dragonfly wings, crab shells, and other strong, light forms found in nature, want some similarly exquis...
The most important trend in the stock market today is what analysts call divergence. The best-performing stocks keep moving higher, while shares that have long been lagging fall further and further...
Armsmakers just can't seem to hit their targets. Last year it was Boeing that missed its earnings and saw its stock go into a tailspin. Last summer it was Lockheed Martin. Then, on Oct. 12, highfly...
Late last year I bought Boeing at $34, close to its lowest price since 1995. The company had a lot of problems then. And you know what? It's still got a lot of problems. But the stock is up 36% to ...
As unemployment hovers at a 28-year low, businesses are scrambling to attract and hold staff without having to increase wages. Among the more unusual perks surfacing:
If you think Eisenhower's notion of a military-industrial complex has become outdated, you need only look to the expansion of NATO to see it come alive again, 1990s style. American defense contract...
Everyone I know knows somebody, or knows somebody who knows somebody, who's made $10 million before the age of 35. It's always this guy, just a regular guy like you or like me, a guy I play ball wi...
Orbit is a tough place to get to, and an even tougher place to come back from. Yet an unprecedented number of commercial enterprises--Lockheed Martin and four smaller companies, Kelly Space & Techn...
Often, the most interesting objects in life are those you never knew existed. Consider the 400-page study that landed on this reporter's desk following a request to a company for an entirely differ...
Kennedy Space Center, Sept. 25, 1997: Standing outside the Launch Control Center, Shelley Harrison peers into the Florida evening sky. Four miles away the space shuttle Atlantis is bathed in a blaz...
So rapidly has the defense industry shrunk in recent years that "consolidation" sometimes seemed a polite way of saying "collapse," as one famous name after another disappeared into a black hole. B...
Quick, what's the most reliable measure of a stock's value? If you said the trusty price-to- earnings ratio, you're wrong. New research has found that a better clue to future stock performance is t...
DEFINITIONS AND EXPLANATIONS
ALL 12 INVESTMENTS--SIX STOCKS, THREE CLOSED-END FUNDS, two bonds and one mutual fund--that our May 1995 cover story tagged as likely to double your money in five years are well along to reaching t...
How about a round of doubles? no, we don't mean tennis. we're talking about investments that could double in value over the next five years. Of course, if you're just beginning to learn the ways of...
Shake off that holiday torpor and rouse yourself for a year-in-review quiz (okay, okay, we won't make it that taxing): Which rich software company made a very rich offer for a competitor? Which not...
LIKE A GALE, mergers are sweeping across America's corporate landscape, and the wind speed is picking up. As with the great merger booms of the Sixties and the mid-Eighties, this one, too, will lea...
WHAT DO YOU DO when your business starts catching flak? ''I used to be a pilot,'' says Renso Caporali, CEO of Grumman, which delivered its last F-14 seven months ago -- and currently has no orders ...
The incredible shrinking defense industry has already cost more than 1.6 million Americans their jobs since 1989 -- and even sharper cuts lie ahead. How should the country cope? By facing the music...
Though industry revenues are about to plunge, newly cost-conscious defense contractors like General Dynamics, Grumman, Lockheed, and Northrop are reporting far better cash flows and returns to shar...
BEAUMONT, CALIFORNIA -- Cleanup of toxic wastes at the old Lockheed . . . rocket-testing site south of Beaumont has been delayed about a year while plans are hammered out for dealing with the feder...
Workers at Lockheed are proud, and their office walls show it: News clips and photos of the startlingly angular F-117A Stealth fighter are everywhere. But nobody is flying higher because of the air...
THE WEST was still celebrating the end of the Cold War last April when NBC's Garrick Utley reported this spine-chilling news: Libya's Muammar Qaddafi had issued a call for Arab nations to accelerat...
Last spring MONEY commissioned author and syndicated columnist Richard Reeves to travel the U.S. from the Texas hill country to teeming Miami to the windswept new towns of California's high plain. ...
THE LONG-TERM future is dark for defense contractors -- but don't expect the big guns to admit it. ''We're one of the strongest companies in terms of programs with high national priority,'' says Lo...
DON'T RELAX, managers of America. Junk bond raiders may be less menacing than in the Eighties, but marching right behind them are far mightier challengers for corporate control: the vast institutio...
Defense stocks have been battered by a powerful trio -- prospective military budget cuts, procurement scandals, and a peacenik named Gorbachev. It's no wonder that some companies' shares are tradin...
THE COMPUTER REVOLUTION is at a turning point. Breakthrough after breakthrough in physics, semiconductor materials, and electrical engineering has created computers that process information at ever...
Long jeered as mediocre money managers, banks have stacked up rather well in recent years against other kinds of institutional investors. In the two years that Stephen Timbers, 41, has been pilotin...
Banks are winning new respect as money managers. A recent study by CDA Investment Technologies, an investment research firm in Silver Spring, Maryland, concluded that bank portfolio managers outper...
WHILE computers have grown exponentially faster and more powerful in recent years, programming has lagged behind; many experts think software is now the main barrier to greater performance. The aut...
YEAR AFTER soaring year, American arms makers have ridden Ronald Reagan's military buildup to record sales and earnings. Along the way they have amassed vast hoards of cash, paid off billions of do...
THE BIG PAYOFF is still years away, but defense contractors are already shooting for Star Wars business. Competition for $1.4 billion allocated last year is so red hot that over 60 companies, inclu...
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