ADVFN - Advanced Financial Network.
HOME» NYSE » L » LMT Stock Price » LMT Stock News

Lockheed Martin Share News

 Lockheed Martin Corp. Stock Price
LMT Stock Price
 Lockheed Martin Corp. Stock Chart
LMT Stock Chart
 Lockheed Martin Corp. Stock News
LMT Stock News
 Lockheed Martin Corp. Company Information
LMT Company Information
 Lockheed Martin Corp. Stock Trades
LMT Stock Trades

Republican Lawmakers Ask Defense Firms about Impact of Coming Budget Cuts

By Corey Boles WASHINGTON--A group of Republican senators wrote to leading defense contractors seeking information about what the industry is doing to prepare for the impact of $600 billion in scheduled spending cuts starting in January. The lawmakers sent a letter asking for answers to a handful of questions to 15 major defense-contracting firms including Lockheed Martin Corp. (LMT), Raytheon Co. (RTN) and Northrop Grumman Corp. (NOC). "Significant questions exist regarding the implementation of these automatic budget cuts and how they will impact federal government operations, our economy, and the defense industrial base," the letter sent by the lawmakers said. It was sent by six Republican members of the Senate Armed Services Committee, including Sen. John McCain (R., Ariz.), the top Republican lawmaker on the influential panel. The letter asks for the total number and dollar figure of contracts the companies have with the Pentagon that could be cut as a result of the coming belt tightening. It also asks what likely impact there would be on job losses and spending on research and development by the companies. Republican lawmakers have been warning for months the cuts could imperil the military's ability to defend U.S. interests at home and abroad. They have pushed for the cuts to be spread across the rest of the federal budget. The cuts were part of $1.2 trillion in budget cuts included as part of a debt deal last year. The spending reductions were aimed at compelling a committee of lawmakers to agree to a wider deal to rein in federal spending. The panel failed, however, leaving lawmakers facing the prospect of implementing the cuts or taking action before the end of the year to change the law requiring them to do so. The other half of the cuts would come from the rest of federal spending that funds many domestic programs including efforts to combat poverty and provide assistance to elderly Americans. The $1.2 trillion in cuts would take place over the next decade, with the first round of cuts set to be implemented in January. Write to Corey Boles at corey.boles@dowjones.com

Stock News for Lockheed Martin (LMT)
DateTimeHeadline
08/09/201409:56:36Hagel Says U.S., India Should Jointly Develop, Produce Arms
07/15/201417:04:43Safety Concerns Force Cancellation of F-35's Air Show Appearance
07/10/201410:39:21Makers of F-35 Combat Jets to Help Keep Cost of Fighter Plane...
06/18/201411:54:45United Launch CEO Confident on Russian Engine Deliveries
06/16/201408:32:38Airbus, Safran to Combine Space-Launcher Activities -- Update
06/12/201420:07:26Pentagon Looks to Lower Costs of F-35 Joint Strike Fighter Program...
06/12/201419:51:35Pentagon Looks to Lower Costs of F-35 Joint Strike Fighter Program
06/11/201420:43:57Iraqi, U.S. Forces Trade Barbs Over Failures
06/11/201416:50:17Iraq Requests Accelerated Shipment of U.S. Arms to Counter Militants
06/05/201417:40:10Canada Near $8.2 Billion Buy of 65 Lockheed Fighter Jets
06/05/201417:26:20Canada Near $8.2 Billion Buy of 65 Lockheed Fighter Jets -Reuters
06/02/201418:17:01Lockheed Martin Wins $915 Million Space Fence Deal
05/27/201419:56:25Washington Considers Missile-Defense System in South Korea
05/13/201420:29:20Russia Bans U.S. Sales of Rocket Engines
05/06/201418:03:57Turkey Moves Closer to F-35 Deal
05/01/201402:50:15SpaceX Wins Injunction Against Rocket Rival
04/23/201408:06:04Kongsberg Gruppen Gets NOK160 Million F-35 Joint Strike Fighter...
04/23/201402:57:11Australia to Buy 58 F-35 Joint Strike Fighters
04/22/201417:30:11MARKET SNAPSHOT: U.S. Stocks Gain; S&P 500 Extends Streak To...
04/22/201417:22:59Lockheed Boosts 2014 Profit Guidance, Posts Gains in1st Quarter...

Lockheed Martin and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad