Lockheed Martin Corp., Has Substained a $59.6 Million From Navy CRWEPicks Reports
Posted on 11/16/2009 6:30:57 PM in #Stocks | 0 comments comments
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WASHINGTON (CRWENewswire) -- A division of Lockheed Martin Corp. received a $59.6 million contract from the Navy to provide services on the P-3C aircraft acoustic system and tactical software, the Pentagon said late Monday.
Work will be performed in Manassas, Va., Patuxent River, Md., and is expected to be completed by November 2014.
Shares of the Bethesda, Md., company added 91 cents to close at $76.98.
WASHINGTON (CRWENewswire) -- Northrop Grumman Corp.'s shipbuilding unit received a $96.7 million contract from the Navy for a wide range of services for the Ohio class submarines, the Pentagon said late Monday.
Work will be performed in Newport News, Va., and is expected to be completed by September 2010.
Shares of the Los Angeles-based company added 74 cents to close at $56.01.
NEW YORK (CRWENewswire) -- IMAX Corp., operator of giant-screen movie theaters, said Monday it has reached a deal for a new $75 million credit line.
The deal with Wachovia Capital Finance Corp., with the participation of Export Development Canada, is for a four-year senior secured credit line consisting of revolving loans of up to $40 million and a term loan of $35 million.
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