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Company Watch - Lockheed Martin.

Oct 1, 2007

Lockheed Martin For the former company, see .

Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta.
 on Thursday said it raised its quarterly dividend 20% to 42 cents a share and that it intends to purchase an additional 20 million of its shares, bringing its total buyback Buyback

The buying back of outstanding shares (repurchase) by a company in order to reduce the number of shares on the market. Companies will buyback shares either to increase the value of shares still available (reducing supply), or to eliminate any threats by shareholders who may
 program to 128 million shares. Sep 28, 2007

Lockheed Martin has completed proof pressure testing of the Revolutionary Approach To Time-critical Long Range Strike vehicle. This testing validates the vehicle's structural integrity and is a crucial step in the development of the flight demonstration vehicle. Sep 28, 2007

Cubic Defense Applications, the defense unit of Cubic Corp. said Thursday it received a $50.3 million development contract from Lockheed Martin Corp. Sep 27, 2007

Defense contractor Noun 1. defense contractor - a contractor concerned with the development and manufacture of systems of defense
armed forces, armed services, military, military machine, war machine - the military forces of a nation; "their military is the largest in the region";
 Lockheed Martin, maker of the F-22 fighter, said Thursday it would repurchase re·pur·chase  
tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es
To buy (something) again.

The act of buying something that one previously sold or owned.

Noun 1.
 20 million additional shares as part of an existing buyback program. Sep 27, 2007

Lawmakers on Thursday are expected to probe senior US Air Force and Lockheed Martin Corp. officials over cost disparities on an $11.7 billion military transport plane program. Sep 27, 2007

Lockheed Martin Corp. on Thursday said it raised its quarterly dividend by 20 percent, to 42 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
. The Bethesda, Md.-based company will pay the dividend Dec. 28 to shareholders of record Dec. 3. Sep 27, 2007

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For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day"
subscribe, take

buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company";
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Publication:Airguide Online
Date:Oct 1, 2007
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