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

Ocean Power Tech Partners With Lockheed Martin on Wave-Energy Project

By Victoria Stilwell Ocean Power Technologies Inc. (OPTT) will partner with Lockheed Martin Corp. (LMT) to develop a 19-megawatt wave-energy project in Australia, one of the largest of its kind. Shares of Ocean Power Technologies, which has a $41 million market value, surged 90% to $3.92 in recent trading Wednesday. Trading of the stock was halted earlier. The stock is up 48% so far this year. Wave energy is captured directly from the surfaces of waves or from pressure fluctuations beneath the ocean surface. Ocean Power captures wave energy using large floating buoys anchored to a sea bed to convert the energy into electricity. The company completed its U.S. initial public offering in 2007. The project will be developed by a special-purpose Australian company owned by Ocean Power. Lockheed Martin will help with the design of Ocean Power's PowerBuoy technology, lead the production and system integration of the wave-energy converters and support program management. Funding for the project, which is expected to be located off the coast of Portland, Victoria, also includes a grant of $65.3 million (63.6 million Australian dollars) from the Commonwealth of Australia's Department of Resources, Energy and Tourism. Write to Victoria Stilwell at victoria.stilwell@dowjones.com

Stock News for Lockheed Martin (LMT)
DateTimeHeadline
04/17/201417:04:26Pentagon Official Criticizes Pratt & Whitney Over F-35 Costs
04/16/201415:01:22Lockheed Martin's F-35 Fighter to Make Overseas Airshow Debut...
03/28/201412:30:42Five Killed in Indian Air Force's Super Hercules Crash
03/26/201415:35:23Efforts to Cut F-35 Costs Hinge on Foreign Partners
03/24/201416:20:06Lockheed Says Overseas F-35 Sales Goal Intact
03/24/201405:09:15Lockheed Martin Says South Korea Selects F-35A Lightning II Aircraft
03/14/201418:00:33Lockheed CEO's Compensation More Than Doubled -- Update
03/14/201416:23:17Lockheed CEO's Compensation More Than Doubled
03/05/201420:34:37Senior Senate Democrats Prod Pentagon To Start Competing Satellite...
03/04/201418:21:28Pentagon Plans to Fund New Sikorsky Helicopter
03/04/201416:17:54Pentagon Eyes Boost for Aircraft, Missile Defense
03/04/201413:01:05As Pentagon Budget Shrinks, Spending Points to Future Priorities
02/28/201418:36:22India Hopes to Regain Top U.S. Aviation Safety Rating
02/21/201418:34:03Sikorsky to Cut 600 Jobs, Secures Turkey Deal
02/19/201417:59:03Germany's Decision to Cancel Eurofighter Jet Order Narrows Field...
02/05/201414:56:10Navy F-35 Set For Sea Trials After Tailhook Redesign
02/04/201409:24:54Hot Stocks: Hot Stocks to Watch
01/23/201407:10:14Lockheed Martin Sees Higher Profit in 2014
01/15/201422:24:11Raytheon Names Kennedy as Successor to Swanson -- Update
11/29/201308:04:34Kongsberg Gruppen Gets NOK480 Million Deal To Further Develop...

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