Lockheed Martin sales up but net income drops
Lockheed Martin, an aerospace and defense contractor with operations in San Luis Obispo, Santa Maria and Goleta, reported a 5 percent increase in net sales but a steep drop in net income for the quarter ended Sept. 24. Sales rose to nearly $12.2 billion, primarily from the aeronautics and space systems segments, but net earnings Read More →
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Defense stock investors making ‘flight to safety’
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Read More →Vandenberg missile launch tests tri-county region’s engineering
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Read More →Lockheed Martin reports strong fourth quarter earnings
Defense and technology giant Lockheed Martin, which has operations in Goleta, reported earnings of $3.25 per share for the fourth quarter of 2016, bringing it up to $12.38 per share for the year. Sales grew from $11.8 billion in the final quarter of 2015 to $13.8 billion, the company reported Jan. 24, with net earnings Read More →
Read More →Teledyne gets contract for underwater vehicles that remove explosives
A subsidiary of Thousand Oaks industrial conglomerate Teledyne Technologies secured a multi-million dollar contract with the U.S. Department of Defense to deploy underwater vehicles to disable and remove explosives, the company announced Jan. 3. The amount of the contract was not disclosed. Teledyne SeaBotix, a manufacturer of underwater observation class remotely-operated vehicles, will deliver 60 Read More →
Read More →Election results boost tech, defense stocks
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