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$LMT,Lockheed Martin Corp.

U.S. lawmakers to fight massive Trump Saudi arms deal

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My 2014 Best Performers, Looking Ahead To 2015

Reuters) - U.S. lawmakers introduced legislation on Thursday seeking to stop at least a portion of President Donald Trump's sale of weapons to Saudi Arabia." data-reactid="11">WASHINGTON, May 25 (Reuters) – U.S. lawmakers introduced legislation on Thursday seeking to stop at least a portion of President Donald Trump’s sale of weapons to Saudi Arabia.

Republican Rand Paul and Democrats Chris Murphy and Al Franken introduced a resolution of disapproval in the Senate to force a vote on whether to block part of the sale.

The Senate Foreign Relations Committee received formal notice of the pending sale on May 19.

The Arms Export Control Act of 1976 allows a senator to force a vote on an arms sale, once Congress is formally notified of plans to go ahead. The same three senators introduced a similar resolution last year seeking to block the sale of $1.15 billion of tanks and other equipment to Saudi Arabia. That measure was defeated overwhelmingly.

Saudi Arabia was the first stop on Trump’s first international trip this week, and he marked the visit by announcing the arms deal in Riyadh on May 20. Saudi Arabia agreed to by $110 billion of U.S. arms, with options running as high as $350 billion over 10 years.

The lawmakers aim to block about $500 million of the sale, the portion including precision-guided munitions and other offensive weapons.

“Given Saudi Arabia’s past support of terror, poor human rights record, and questionable tactics in its war in Yemen, Congress must carefully consider and thoroughly debate if selling them billions of dollars of arms is in our best national security interest at this time,” Paul said in a statement.

Members of the U.S. House of Representatives also took action on the planned sale on Thursday. Republican Representative Ted Yoho and Democrat Ted Lieu wrote to the chairman of the House Foreign Affairs Committee asking for a hearing to review the sale of precision-guided munitions to Riyadh.

Democratic President Barack Obama’s administration suspended the planned sale of precision-guided munitions in December because of concerns over the Saudi-led military campaign in Yemen and civilian casualties.

But Trump has said he wants to encourage international weapons sales as a way to create jobs in the United States. (Reporting by Patricia Zengerle; Editing by James Dalgleish)






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Lockheed Martin’s LM-100J Commercial Freighter Makes Successful First Flight

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My 2014 Best Performers, Looking Ahead To 2015

MARIETTA, Ga., May 25, 2017 /PRNewswire/ — The first Lockheed Martin (LMT) LM-100J commercial freighter aircraft achieved a critical milestone with the completion of its first flight here today.

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Lockheed Martin’s LM-100J commercial freighter had a successful first flight, May 25, 2017. by Todd R. McQueen

“I was proud to fly the first flight of our LM-100J. It performed flawlessly, as is typical of our military C‑130J new production aircraft,” said Wayne Roberts, chief test pilot for the LM-100J Program. “This new model will perform many commercial roles in the decades to come, like humanitarian service following natural disasters and others like nuclear accident response, oil spill containment, and firefighting. This aircraft will also enable remote area development such as mining and oil and gas exploration. This day marks the beginning of a tremendous commercial capability that only the LM-100J can deliver.”

FAA) type certificate update flight test requirements." data-reactid="33">This first flight followed the same test flight route over North Georgia and Alabama that is used for all C-130J Super Hercules aircraft. The LM-100J will complete initial production flight tests and then begin Federal Aviation Administration (FAA) type certificate update flight test requirements.

“This first flight is a source of pride for Lockheed Martin and serves as a proof-point to the ongoing versatility of the Super Hercules aircraft,” said George Shultz, vice president and general manager, Air Mobility & Maritime Missions, and Marietta site general manager. “I’m continually impressed by the commitment to quality and relevance that our employees, industry partners and customers have invested into the LM-100J. Like its military counterpart, the LM‑100J is exceeding all expectations in terms of performance and capabilities.”

The LM-100J is the 17th different mission capability developed for the C-130J Super Hercules and it is an updated version of the L-100 cargo aircraft, which Lockheed Martin produced from 1964-1992. Lockheed Martin officials submitted a Program Notification Letter to the FAA on Jan. 21, 2014, for a type design update to this aircraft, a civil-certified variant of the C-130J Super Hercules to be marketed as the LM-100J.

Through select design innovations, the LM-100J will perform as a commercial multi-purpose air freighter capable of rapid and efficient cargo transport. The LM-100J is an ideal airlift solution for delivering bulk and oversize cargo, particularly to austere locations worldwide. Like its military counterpart, the LM-100J will be able to support multiple missions, ranging from firefighting to medevac to VIP transport.

The LM-100J incorporates technological developments and improvements over the existing L‑100s that result from years of C-130J operational experience, including more than 1.5 million fleetwide flight hours. The result of this experience and advancement translates to an aircraft that will deliver reliable service in a multi-role platform for decades to come.

More information about the LM-100J is available at www.lockheedmartin.com/lm100j

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 97,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lockheed-martins-lm-100j-commercial-freighter-makes-successful-first-flight-300464322.html






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Pentagon Contacted For 'Top Gun 2,' A Potential PR Hit For Lockheed Or Boeing

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My 2014 Best Performers, Looking Ahead To 2015

The Pentagon said Thursday it has been in touch with producers of a “Top Gun” sequel, which could be a public relations bonanza for Boeing (BA) or Lockheed Martin (LMT) as one of their jets could be the real star in the follow-up to the 1986 blockbuster movie.

“We’ve been contacted, but the picture is in the early stages of preproduction. We’ve not even received a script,” Philip Strub, director of entertainment media at the Pentagon, wrote in an email to IBD.

Tom Cruise, who played Maverick in the first movie, told the Australian morning show “Sunrise” earlier this week that a sequel is “definitely happening.” Val Kilmer, who played Iceman in the original, has said in an Instagram post he’s excited about the sequel.

A generation ago, “Top Gun” wowed audiences as Navy F-14 Tomcats turned and burned, making inverted dives and other acrobatic maneuvers. But those jets are no longer in service.

Today, the Navy flies Boeing F/A-18 Super Hornets, while the service’s variant of Lockheed’s F-35 is slated to be combat ready sometime between 2018 and 2019. Cruise said filming for the new “Top Gun” movie is scheduled to start early next year.

The timing could be tricky for producers of the sequel. The Super Hornet is in the fleet now but isn’t the latest-generation fighter jet. The F-35 is a cutting-edge fighter with stealth technology but may not be combat ready in the Navy when filming starts.

Other versions of the F-35 are available, however. The Marines’ F-35B reached initial operational capability in July 2015, and the Air Force’s F-35A was declared combat ready in August 2016. But neither is designed to take off and land from aircraft carriers, which appeared in the original “Top Gun.”

Meanwhile, the movie could deliver a priceless public-relations boon to Boeing or Lockheed at a critical time for each company.

Boeing is trying to sell more Super Hornets to U.S. allies, and President Trump has suggested a “big order” for the fighter could be on the way. Without new Super Hornet or F-15 Eagle orders, the aerospace giant faces the possibility of no longer making combat aircraft after it was shut out of the F-35 contract and lost the B-21 bomber bid to Northrop Grumman (NOC).

Lockheed’s $400 billion F-35 program has been blasted for being over budget and behind schedule. But as the backbone of America’s future fighter fleet, the Pentagon must start asking Congress for more and more procurement money as production ramps up, even as Trump and lawmakers on Capitol Hill have piled on criticism.

Boeing shares closed up 1% to 187.07 on the stock market today. Lockheed shares ended the day up 0.7% to 282.06. Northrop, a major F-35 subcontractor, jumped 1.2%.

RELATED:

Boeing’s Super Hornet And Lockheed’s F-35: Wingmates Or Rivals?

Lockheed’s F-35, F-22 May Soon Face Their Moment Of Truth






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Orbital ATK (OA) Wins $76 Million Supply Order from US Army

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My 2014 Best Performers, Looking Ahead To 2015

$55M Deal for CH-53K Aircraft)<br><br>General Dynamics Corp.’s GD business division, Ordnance and Tactical Systems, secured a modification contract worth $40.8 million. (Read more: General Dynamics' Unit Wins $41M Contract from U.S. Navy)<br><br>Northrop Grumman Corp.’s NOC unit, Systems Corp. recently secured a contract to support the planned production schedule of MQ-4C Triton unmanned aircraft system (UAS). (Read more: Northrop Wins Deal to Support MQ-4C Triton Production)<br><br><strong>Price Movement</strong><br><br>In the last six months, shares of Orbital ATK increased 14.8%, outperforming the Zacks categorized Aerospace – Defense Equipment industry's gain of 5.1%." data-reactid="11">Orbital ATK OA recently signed a new supply order with the U.S. Army worth $76 million. The deal is for .50 caliber ammunition to the U.S. Army. Orbital ATK’s manufactures these small-caliber ammunition for the U.S. government in its Lake City Army Ammunition Plant (Lake City) in Independence, MO.

Earlier this month, Orbital ATK had received another $53 million order from the U.S. Army. Per this contract, the company will supply large-caliber training ammunition. (Read more: Orbital ATK Wins $53 Million Contracts from U.S. Army)

As the largest manufacturer of small-caliber ammunition for the U.S. Department of Defense, the company has supplied more than 17 billion rounds of small-caliber ammunition at Lake City to various verticals of the U.S Defense and the allied forces around the world.

Current Scenario in Defense Industry

Most countries, including U.S., have been actively focusing on new and improved technology to strengthen their defense in order to counter rising global terrorism. President Trump took a step ahead and proposed a 10% hike in defense spending of fiscal 2018. The hike is expected to boost the aerospace and defense industry; which will attract more investors. If the proposed hike is approved, it will open up possibilities of fresh orders for the major producers in the defense industry.

Orders Galore in Defense Space

In just last four day defense giants have won some deals.

Lockheed Martin Corp.’s LMT Sikorsky Aircraft Corp. has won a modification contract from the U.S. Navy to provide the long-lead items in support of low-rate initial production of four Lot II CH-53K aircraft. (Read more: Lockheed Martin Wins $55M Deal for CH-53K Aircraft)

General Dynamics Corp.’s GD business division, Ordnance and Tactical Systems, secured a modification contract worth $40.8 million. (Read more: General Dynamics’ Unit Wins $41M Contract from U.S. Navy)

Northrop Grumman Corp.’s NOC unit, Systems Corp. recently secured a contract to support the planned production schedule of MQ-4C Triton unmanned aircraft system (UAS). (Read more: Northrop Wins Deal to Support MQ-4C Triton Production)

Price Movement

In the last six months, shares of Orbital ATK increased 14.8%, outperforming the Zacks categorized Aerospace – Defense Equipment industry’s gain of 5.1%.

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Hold). You can see <strong>the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here</strong>.<br><br><strong>Looking for Stocks with Skyrocketing Upside?</strong><br><br>Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.<br><br>Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. <strong>See the pot trades we're targeting&gt;&gt;</strong>" data-reactid="19">

The company stands tall with its strong order book that ensures consistent flow of revenue for the upcoming quarters.

Zacks Rank

Orbital ATK carries a Zacks rank #3 (Hold). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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Lockheed Wins Trident II Support Services Deal Worth $80M

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My 2014 Best Performers, Looking Ahead To 2015

RMS) has won a Navy contract to offer technical and program management support services.&nbsp; These services will be provided in relation to the navigation subsystems of Lockheed’s Trident II (D5) Shipboard Systems Integration (SSI) Increments four and eight." data-reactid="11">Defense major Lockheed Martin Corp.’s LMT business segment, Rotary and Mission Systems (RMS) has won a Navy contract to offer technical and program management support services.  These services will be provided in relation to the navigation subsystems of Lockheed’s Trident II (D5) Shipboard Systems Integration (SSI) Increments four and eight.

Details of the Deal

Valued at $79.9 million, the deal was awarded by the Strategic Systems Programs, Washington, D.C. Per the terms of the agreement, Lockheed will provide the required navigation hardware and software design, testing, installation, and deliverables for the SSI Increments Fleet support services. The services will be offered for the current fleet ballistic missile strategic weapon system, the U. S. and U.K. inertial navigation system and gyro modification and repair associated efforts, and development efforts for the modernization program of SSI program, including U.S. and U.K. trainer maintenance and development. 

The majority of the work related to this contract will be executed in Mitchel Field, NY and the rest will be carried out at a few other locations across the country. The contract will utilize fiscal 2017 research, development, technology and evaluation funds, other procurement funds, as well as U.K. funds to complete the deal. Work is scheduled to be over by Dec 31, 2018.

A Brief Note on Trident II

D5) is the latest generation of the Navy's submarine-launched fleet ballistic missiles, developed and produced by Lockheed Martin. These missiles are equipped with multiple independently-targetable reentry vehicles (MIRV) and armed with thermonuclear warheads." data-reactid="16">Trident II (D5) is the latest generation of the Navy’s submarine-launched fleet ballistic missiles, developed and produced by Lockheed Martin. These missiles are equipped with multiple independently-targetable reentry vehicles (MIRV) and armed with thermonuclear warheads.

It enhances U.S.’ position in strategic arms negotiation by providing a weapon system with performance and payload flexibility that accommodates various treaty initiatives. The Trident II missile’s increased payload allows the deterrent mission to be achieved with fewer submarines.

Our View

In Nov 1979, the U.S. Navy was instructed to pursue a program of incremental submarine-launched ballistic missile modernization. With increasing global threats — especially the recent ones that include the ISIS gaining more grounds these days — developed nations have raised their defense budget and are indulging in stocking up more missiles. 

Per Lockheed, due to the high rate of Trident II missile production in the early years of the program, a significant portion of the inventory will age out in the near term, driving the quantities to increase in FY 2018.

Consequently, we can expect the company to win more of such contracts in the future, given that Trident II has one of the top priorities in the U.S. Navy’s missile system. This, in turn, will boost Lockheed’s growth trajectory in the days ahead, making its prime U.S. contractor position even more solid.

Price Performance

Lockheed’s stock has gained about 16.3% in the last one year, underperforming the Zacks categorized Aerospace/Defense industry’s gain of 24.5%.This could be because the earlier budget cuts have put pressure on the top line, although the present defense budget is more in favor of the sector. We believe that budget deficits and political uncertainty might make future defense budgets vulnerable to cutbacks. Moreover, the company faces tough competition from other defense giants like The Boeing Company BA, General Dynamics Corp. GD and Northrop Grumman Corp. NOC.

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Zacks Rank

Hold). You can see <strong>the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here</strong>." data-reactid="36">Lockheed Martin currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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CPI Aerostructures Announces MH-53E Sea Dragon Component MRO Contract From Sikorsky Aircraft

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My 2014 Best Performers, Looking Ahead To 2015

CPI Aerostructures, Inc. announced today that it has received a contract from Sikorsky, a Lockheed Martin Company , to provide maintenance repair and overhaul services for tow hook assemblies used on the …






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Sen. Rand Paul is expected to force vote on key portion of $110 billion Saudi arms deal

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My 2014 Best Performers, Looking Ahead To 2015

Sen. Rand Paul, R-Ky., is looking to block a key portion of $110 billion Saudi Arabia arms deal and is finding support from the other side of the aisle.

The Republican lawmaker could introduce the resolution as early as Wednesday evening, according to a source familiar with the matter. Sen. Chris Murphy, D-Conn., is expected to be one of the co-sponsors of Paul’s resolution.

The measure would force a vote on the munitions portion of the defense package, but not the entire arms deal.

The Arms Export Control Act gives Congress a 30-day period to review arms deals to non-NATO countries. The arms package was formally announced over the weekend during President Donald Trump’s visit to Saudi Arabia.

Paul is known to oppose the Saudi sale because of concerns over the Saudi-led war in Yemen. Also, the lawmaker has expressed concern that the massive defense package could lead to an arms race in the region.

Some have accused the Saudis of war crimes in Yemen. More than 10,000 people have been killed in the civil war in Yemen, according to the United Nations.

In a Huffington Post op-ed Saturday, Murphy called the Saudi arms deal “a terrible idea.” He noted that the Obama administration wouldn’t sell “precision-guided munitions because the Saudis were using U.S.-provided munitions to repeatedly target civilians and humanitarian sites in their bombing campaign inside Yemen.”

The Saudi deal includes various munitions supplied by Raytheon as well as air defense system technology from the defense contractor.

“There was a lot of reluctance on behalf of the previous administration to allow the Saudis to buy a lot of equipment,” said Jeff Sorenson, a former U.S. Army chief information officer and now partner at A.T. Kearney in Washington, where he leads the public sector practice.

Sorenson said the arms deal sends a strong message to Iran, pointing to the recent comments from Trump.

In remarks Monday during his visit to Riyadh, Trump blasted Iran as “a regime that is responsible for so much instability in the region.” The president also hailed the landmark arms sale, saying it will help the Saudis “take a greater role in security operations.”

“The most interesting feature of this [arms] transaction is that the Saudis will begin to produce weapons for themselves,” said Loren Thompson, COO of the nonprofit Lexington Institute, a defense think-tank based in Arlington, Virginia.

Under the deal, Lockheed Martin is teaming with a Saudi firm to assemble about 150 Black Hawk helicopters. The Saudis also will manufacture other defense technology as part of the kingdom’s diversification strategy. It comes as Iran also is manufacturing more of its own weapons.

The Saudi defense package also includes air and missile defense systems from Lockheed as well as combat ships and other military technology.

Additionally, Boeing is selling the Saudis guided weapons systems in the defense package as well as aircraft.






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Sen. Rand Paul is expected to force vote on key portion of $110 billion Saudi arms deal

This post was originally published on this site



My 2014 Best Performers, Looking Ahead To 2015

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Sen. Rand Paul, R-Ky., is looking to block a key portion of $110 billion Saudi Arabia arms deal and is finding support from the other side of the aisle.

The Republican lawmaker could introduce the resolution as early as Wednesday evening, according to a source familiar with the matter. Sen. Chris Murphy, D-Conn., is expected to be one of the co-sponsors of Paul’s resolution.

The measure would force a vote on the munitions portion of the defense package, but not the entire arms deal.

The Arms Export Control Act gives Congress a 30-day period to review arms deals to non-NATO countries. The arms package was formally announced over the weekend during President Donald Trump’s visit to Saudi Arabia.

Paul is known to oppose the Saudi sale because of concerns over the Saudi-led war in Yemen. Also, the lawmaker has expressed concern that the massive defense package could lead to an arms race in the region.

Some have accused the Saudis of war crimes in Yemen. More than 10,000 people have been killed in the civil war in Yemen, according to the United Nations.

In a Huffington Post op-ed Saturday, Murphy called the Saudi arms deal “a terrible idea.” He noted that the Obama administration wouldn’t sell “precision-guided munitions because the Saudis were using U.S.-provided munitions to repeatedly target civilians and humanitarian sites in their bombing campaign inside Yemen.”

The Saudi deal includes various munitions supplied by Raytheon (NYSE: RTN) as well as air defense system technology from the defense contractor.

“There was a lot of reluctance on behalf of the previous administration to allow the Saudis to buy a lot of equipment,” said Jeff Sorenson, a former U.S. Army chief information officer and now partner at A.T. Kearney in Washington, where he leads the public sector practice.

Sorenson said the arms deal sends a strong message to Iran, pointing to the recent comments from Trump.

In remarks Monday during his visit to Riyadh, Trump blasted Iran as “a regime that is responsible for so much instability in the region.” The president also hailed the landmark arms sale, saying it will help the Saudis “take a greater role in security operations.”

“The most interesting feature of this [arms] transaction is that the Saudis will begin to produce weapons for themselves,” said Loren Thompson, COO of the nonprofit Lexington Institute, a defense think-tank based in Arlington, Virginia.

Under the deal, Lockheed Martin (NYSE: LMT) is teaming with a Saudi firm to assemble about 150 Black Hawk helicopters. The Saudis also will manufacture other defense technology as part of the kingdom’s diversification strategy. It comes as Iran also is manufacturing more of its own weapons.

The Saudi defense package also includes air and missile defense systems from Lockheed as well as combat ships and other military technology.

Additionally, Boeing (NYSE: BA) is selling the Saudis guided weapons systems in the defense package as well as aircraft.

Watch: Saudis welcome Trump with billions in corporate deals

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Highest-paid female CEO? IBM’s Rometty tops Yahoo’s Mayer

This post was originally published on this site



My 2014 Best Performers, Looking Ahead To 2015

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This photo combination of images shows the 10 highest paid women CEOs in 2016, according to a study carried out by executive compensation data firm Equilar and The Associated Press. Top row, from left: IBM CEO Virginia Rometty; Yahoo CEO Marissa Mayer; PepsiCo CEO Indra Nooyi; General Motors CEO Mary Barra, and General Dynamics CEO Phebe Novakovic. Bottom row, from left: Lockheed Martin CEO Marillyn Hewson; Mondelez International CEO Irene Rosenfeld; Duke Energy CEO Lynn Good; Mylan CEO Heather Bresch; and Reynolds American CEO Susan Cameron. (AP Photo)

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These are the 10 highest-paid women CEOs for 2016, as calculated by The Associated Press and Equilar, an executive data firm.

___

1. Virginia Rometty

International Business Machines Corp.

$32.3 million

Change: Up 63 percent

___

2. Marissa Mayer

Yahoo Inc.

$27.4 million

Change: Down 24 percent

___

3. Indra Nooyi

Pepsico Inc.

$25.2 million

Change: Up 13 percent

___

4. Mary Barra

General Motors Co.

$22.4 million

Change: Down 22 percent

___

5. Phebe Novakovic

General Dynamics Corp.

$21.2 million

Change: Up 4 percent

___

6. Marillyn Hewson

Lockheed Martin Corp.

$19.4 million

Change: Down 4 percent

___

7. Irene Rosenfeld

Mondelez International Inc.

$15.8 million

Change: down 13 percent

___

8. Lynn Good

Duke Energy Corp.

$13.5 million

Change: Up 26 percent

___

9. Heather Bresch

Mylan NV

$13.3 million

Change: Down 27 percent

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10. Susan Cameron

Reynolds American Inc.

$13.1 million

Change: Down 3 percent






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How To Trade Boeing And 3 Other Defense Stocks Following Trump’s Deal With Saudi Arabia

This post was originally published on this site



My 2014 Best Performers, Looking Ahead To 2015

Photographer: SeongJoon Cho/Bloomberg

Disclosure: I do not own or plan to own positions in Boeing, General Dynamic, Lockheed Martin or Northrop Grumman.

Over the weekend, President Trump signed a mammoth $110 billion mutual defense deal with Saudi Arabia, which should benefit defense stocks Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT) and Northrop Grumman (NOC).

These four stocks were already top year-to-date performers in anticipation that defense spending would increase under a Trump presidency. Only Dow component Boeing missed setting a fresh all-time intraday high when trading began on Monday.

Here’s a scorecard for the four defense contractors:

Defense Stock Scorecard

Global Market Consultants

Defense Stock Scorecard

When looking at the weekly charts below, keep an eye on the 200-week simple moving averages shown in green. Investors should consider this level as the reversion to the mean–an investment theory that the price of a stock will eventually return to a longer-term simple moving average, and the 200-week is simple to track. A stock trading above its reversion to the mean will eventually decline back to it on weakness. Similarly, a stock trading below its reversion to the mean will eventually rebound to it on strength.

Boeing closed May 23 at $183.49, up 17.9% year-to-date and in bull market territory, 29.9% above its post-election low of $141.29 set on Nov. 8. The post-electric high of $187.20 occurred on May 9.






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