Company Watch - Lockheed Martin.Oct 30, 2006 Lockheed anticipated changes to C-130J contract. 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 had anticipated the restructuring of its C-130J cargo aircraft A cargo aircraft is an airplane designed and used for the carriage of goods, rather than passengers. This role demands a number of features that makes a cargo aircraft instantly identifiable; a "fat" looking fuselage, a high-wing to allow the cargo area to sit near the ground, a contract. The company's shares declined after newspapers reported the Air Force renegotiated the contract to reduce costs by $244 million. Oct 27, 2006 Lockheed agrees to lower price on C-130J, report says. Lockheed Martin has agreed to lower the price of its C130J cargo plane cargo plane n → avión m de carga cargo plane n → avion-cargo m cargo plane cargo n → , a move that will reduce the profit margin on the aircraft by 50%, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. media reports. The company yielded to congressional pressure over the rising cost of weapons, observers say. Lockheed and the Air Force declined to comment on changes in profitability. Oct 26, 2006 Lockheed Martin's third-quarter profits climbed 47% to $629 million. The company benefited from strong electronic systems sales and a one-time gain. The company also raised its profit forecast for the full year to between $5.45 and $5.60 a share. Oct 24, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To 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"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Oct 23, 2006 |
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