Tag Archives: Lockheed Martin

At MUFON’s 2013 annual symposium and top 10 UFO cases of 2012.

By ScottCWaring

At MUFON’s 2013 annual symposium they handed the press a press release outlining the top 10 UFO cases of 2012 as determined by their newly formed science review board. MUFON’s science review board is headed by their director of research Robert Powell. It consists of scientists with degrees in physics, chemistry, geology and electrical engineering. The board’s work experience includes working with NASA and the Lawrence Livermore National Laboratory, and many leading high-tech companies, such as Lockheed Martin and Northrup Grumman.


Of the 10 cases, one of them is an intriguing UFO video case that took place in Ball Ground, Georgia, a town about 50 miles north of Atlanta. The witness says “We saw a black, bird like shaped object that made no noise along with blinking lights in the sky.”

Read more at: http://www.openminds.tv

…read more

Source: FULL ARTICLE at UFO Sightings Daily

HUFFPOST HILL – World Learns ‘Royal Baby’ Isn’t A Line Of Velour Tracksuits

By The Huffington Post News Editors

People everywhere congratulated the Duke and Duchess of Cambridge on the birth of their son, while Republicans vowed to rescue the child from Britain’s socialist health care system. The media’s coverage was a bit breathless, but thankfully the New York Post didn’t report the baby’s name as “Dick Gephardt.” And Mitch McConnell greeted his likely primary challenger by calling him “an East Coast con man” but stopped short of demanding he take his stagecoach full of elixirs back home. This is HUFFPOST HILL for Monday, July 22nd, 2013:

GOP ESTABLISHMENT RALLYING AROUND ENZI – Beleaguered folk hero Mike Enzi is getting some help from the little guy: Koch Industries. Politico: “Sen. Mike Enzi’s fundraising efforts have gotten off to a sluggish start this year, but he’s received support from Republican establishment and heavyweight political action committees ahead of his primary fight against Liz Cheney. The Wyoming Republican received $7,500 from Koch Industries PAC, the committee affiliated with the company owned by megadonors Charles and David Koch, according to a POLITICO review of Enzi’s second quarter campaign finance reports filed with the Federal Election Commission. Other PACs affiliated with major politically active companies and trade associations who gave to Enzi between April and June include: Boeing, Lockheed Martin, Time Warner Cable, Pfizer and National Retail Federation. The three-term incumbent also received support from the leadership PACs of establishment Republicans such as Minority Leader Mitch McConnell of Kentucky and Sens. Jim Inhofe of Oklahoma and Lindsey Graham of South Carolina.” [Politico]

CELEBS PROMOTING OBAMACARE – Oprah’s boldly going where the NFL wouldn’t dare. Sarah Kliff: “What do Oprah, Funny or Die and the Grammys have in common? All three, it turns out, have volunteered to promote Obamacare. Senior advisor Valerie Jarrett hosted a meeting Monday with a star-studded group of actors, musicians, writers and producers who have ‘expressed a personal interest in educating young people about the Affordable Care Act,’ according to a White House official.” [WashPost]

Read More…
More on Video

…read more

Source: FULL ARTICLE at Huffington Post

John Stoker: How Fake Talk Prevents Productivity

By Dan Schawbel, Contributor

I recently spoke to John Stoker, who is the author of the new book, Overcoming Fake Talk. John is a speaker, facilitator and expert in the areas of communications, critical thinking, performance management, change management, leadership, conflict resolution, and emotional intelligence. He has presented to and trained in multiple Fortune 500 companies, including well-known organizations such Turner Broadcasting, Lockheed Martin, Honeywell, and Cox Communications. He has worked with individuals, teams, and audiences large and small for over 20 years. …read more

Source: FULL ARTICLE at Forbes Latest

Will Sequestration Sink General Dynamics' Aegis Destroyer?

By Katie Spence, The Motley Fool

Filed under:

Sequestration’s in full swing, and it’s putting a kink in the Navy’s ship-buying plans. Before sequestration took effect, the Navy signed a multi-year procurement contract, which saved money by buying ships in bulk. Now, however, the defense budget has been cut, and that contract’s in jeopardy. This is bad news for defense contractors on the DDG 51 Aegis Destroyer contract and could also be bad news for investors. Here’s what you need to know.

U.S. Navy photo by Paul Farley. Public domain, via Wikimedia Commons

Who builds what
Both General Dynamics‘ Bath Iron Works shipbuilding company and Huntington Ingalls Industries‘ Ingalls Shipbuilding build the DDG 51 Aegis Destroyer, with the Navy typically buying ships from each builder.

In a move to save money, the Navy signed a 30-year shipbuilding plan that saw the purchase of 10 Aegis Destroyers for the price of nine. It also increased the Navy’s shipbuilding budget from $15 billion to almost $19 billion annually. Now, Rep. Randy Forbes (R-Va.), chairman of the House Armed Services Committee, has expressed grave concerns about funding the 30-year plan and has asked the Navy for “a scintilla of evidence” that it can be done.  

One of the reasons the Navy’s costs are so astronomical is that the service also has to replace the Ohio, a nuclear-capable submarine dating to the 1980s. Adm. Jonathan Greenert, chief of Naval operations, has stated, “People ask me what is my No. 1 program of concern, and I will tell you it’s the Ohio replacement program.” Not only is the Ohio outdated, but the replacement program will also provide 70% of the United States‘ nuclear deterrent capabilities.  

With the price of the new subs and the need for new ships, the Navy is seeing its costs escalating, which of course conflicts with the 10-year, $500 billion cut to defense spending under sequestration . 

Will the Navy remain mission-capable?
Ships aren’t the only area where the Navy is seeing cuts; the service was also planning on purchasing one P-8A maritime surveillance plane from Boeing , one E-2D Hawkeye battle management aircraft and two unmanned Fire Scout helicopters from Northrop Grumman , and one F-35C carrier fighter from Lockheed Martin — all of which face being cut.  

Clearly, this is all bad news for defense contractors. It’s also bad news for the Navy, as it relies on these systems to remain mission-ready.

What now?
What’ll happen to the Aegis Destroyer contract remains to be seen, but it’s not looking great. If it does get cut, General Dynamics and Huntington Ingalls could see their stocks suffer. On the other hand, that might end up being a great time to load up on defense stocks at a discounted rate. Yes, sequestration is hurting defense, and contracts are being cut, but as I’ve said before, defense contractors are essential to the military. Consequently, while defense contractors may be hampered in the short term, in

Source: FULL ARTICLE at DailyFinance

Lockheed Martin's Search For Commercial Opportunities Leads It To The Sea

By Loren Thompson, Contributor

The future is turning out to be a lot brighter for America’s biggest defense contractor than federal budget trends might suggest, and one surprising reason why is a raft of new commercial ventures at sea.  Lockheed Martin has found ways of adapting technologies developed for its military customers to answer some of humanity’s most vexing needs — for abundant fresh water, for clean energy, for affordable protein and for strategic minerals currently in short supply.  Lockheed executives believe the solutions to those challenges lie largely in the world’s seas.

From: http://www.forbes.com/sites/lorenthompson/2013/04/18/lockheed-martins-search-for-commercial-opportunities-leads-it-to-the-sea/

Why Lockheed Martin Is Poised to Pop

By Brian Pacampara, The Motley Fool

Filed under:

Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool’s free investing community, defense contracting giant Lockheed Martin has earned a respected four-star ranking.

With that in mind, let’s take a closer look at Lockheed and see what CAPS investors are saying about the stock right now.

Lockheed facts

Headquarters (founded)

Bethesda, Md. (1909)

Market Cap

$30.8 billion

Industry

Aerospace and defense

Trailing-12-Month Revenue

$47.2 billion

Management

CEO Marillyn Hewson (since January 2013)

CFO Bruce Tanner (since September 2007)

Return on Equity (average, past 3 years)

32.1%

Cash/Debt

$1.9 billion / $6.3 billion

Dividend Yield

4.9%

Competitors

Boeing

Northrop Grumman

Raytheon

Sources: S&P Capital IQ and Motley Fool CAPS.

On CAPS, 94% of the 1,906 members who have rated Lockheed believe the stock will outperform the S&P 500 going forward.

Just yesterday, one of those Fools, jukebox71, highlighted Lockheed as a particularly refreshing opportunity: “[A] dirt cheap P/E, a solid dividend, AND they have solved one of the greatest threats to the existence of mankind: cheap desalinated water. [F]or all the garbage in the news, [Lockheed’s] efforts to bring fresh water to the masses reminds me that there is still a lot of good in the world.”

If you want market-beating returns, you need to put together the best portfolio you can. Of course, despite a strong four-star rating, Lockheed may not be your top choice.

We’ve found another stock we are incredibly excited about — excited enough to dub it “The Motley Fool’s Top Stock for 2013.” We have compiled a special free report for investors to uncover this stock today. The report is 100% free, but it won’t be here forever, so click here to access it now.

Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.

The article Why Lockheed Martin Is Poised to Pop originally appeared on Fool.com.

Fool contributor Brian Pacampara has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin, Northrop Grumman, and Raytheon Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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From: http://www.dailyfinance.com/2013/04/11/why-lockheed-martin-is-poised-to-pop/

Drexel Hamilton Upgrades Defense Stocks As Sequestration Threat Diminishes

By David M. Ewalt, Forbes Staff

Drexel Hamilton analysts upgraded a trio of defense industry stocks on Thursday morning, arguing that the sector has fared well through the ongoing U.S. government budget battle, and that spending cuts have not been as bad as expected. General Dynamics F-16A in flight. (Photo credit: Wikipedia) The equity research firm bumped up Northrop Grumman from sell to hold, setting a $70 price target; Lockheed Martin was upgraded from sell to hold, with a $90 price target; and General Dynamics was upgraded from sell to hold, with a $65 price target.

From: http://www.forbes.com/sites/davidewalt/2013/04/11/drexel-hamilton-upgrades-defense-stocks-as-sequestration-threat-diminishes/

Raytheon Wins Part of $1.1 Billion South Korean Contract

By Rich Smith, The Motley Fool

Filed under:

South Korea has named the next contractor to participate in the planned $1.1 billion upgrade of its 134 KF-16C/D Block 52 Fighting Falcon fighter jet fleet. And the winner is: Raytheon .

South Korea‘s upgrade program got under way last summer, when the country chose Britain’s BAE Systems over Lockheed Martin to serve as prime integrator in the project — a surprising development, given that Lockheed built the planes in the first place.

The upgrades that will be made are substantial, including the installation of new software, a new fire control computer, radar, data exchange system, display, and new, more advanced air-to-air and air-to-ground ordnance. Raytheon’s role in all this will be to supply its new Raytheon Advanced Combat Radar, an active electronically scanned array radar system, in the 134 planes.

Deliveries will begin in 2016. Raytheon’s share of the $1.1 billion in project payouts was not revealed.

The article Raytheon Wins Part of $1.1 Billion South Korean Contract originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin and Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance

Lockheed Saves Air Force $50 Million

By Rich Smith, The Motley Fool

Filed under:

Lockheed Martin announced Wednesday that it has just completed a Delta Preliminary Design Review, or dPDR, for the U.S. Air Force‘s next generation Global Positioning System III satellite vehicles. That was the primary headline today — but it was hardly the best news in Lockheed’s announcement.

According to Lockheed, once GPS III is up and running, the 32 new GPS satellites will deliver three times better accuracy than current-gen GPS satellites, be eight times harder to jam from the ground, and be interoperable with international global navigation satellite systems — all while delivering a longer lifespan than the original system.

All of that, however, we knew before. What’s new today is that Lockheed confirmed that after making design modifications as part of the just-announced dPDR, it will now be able to launch two GPS satellites at once, atop a single launch vehicle, thus saving the Air Force $50 million that it would otherwise have had to spend to buy a second booster rocket.

“From the beginning of the program,” Lockheed said in a statement, it “has remained focused on affordability for GPS III.” Well, mission accomplished.

The article Lockheed Saves Air Force $50 Million originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Why It's Time to Buy Boeing

By Rich Smith, The Motley Fool

BA Free Cash Flow Yield Chart

Filed under:

It might not be obvious to the casual observer, but right now, Boeing stock offers one of the best values available in the entire aerospace and defense industry. Why?

Three reasons.

Boeing is a contender
At first glance, Boeing stock looks firmly in the running as a good investment idea for defense investors. Stacked up against comparable players in this industry, Boeing’s 17 price-to-earnings ratio ranks between the pricier 17.6 P/E at United Technologies , and the cheaper 11.4 P/E at Lockheed Martin . So the stock‘s neither outrageously expensive nor suspiciously cheap.

Boeing has the best prospects
Boeing stock also looks likely to prosper to a greater extent than its rivals. If United Tech is in the midst of a corporate restructuring that may or may not pay off, and Lockheed Martin is dogged by continuing difficulties with its F-35 fighter jet and the cancellation of its F-22 stealth fighter, all systems look like a go for Boeing as it sells cheaper F-15s and F/A-18s to the Pentagon, while the popular Boeing 737 continues to rack up record sales and works to get the kinks out of its popular 787 Dreamliner.

When all’s said and done, analysts agree: Boeing has the brightest prospects for earnings growth going forward.

Boeing pays you best
Perhaps most important to investors, though, is the simple fact that out of the three big aerospace names discussed above, Boeing is generating the most cash from its business — and gives you the biggest free cash flow bang for the buck.

Measured by dividing its market capitalization (the price you pay for its stock) into its free cash flow (the money your investment generates for you), Boeing stock offers investors quite simply the best “free cash flow yield” of the three firms named. Put even more simply, for every dollar you invest in a share of Boeing stock today, you can expect the firm to generate nearly 9% worth of real, cash profits on your investment.

Source: BA Free Cash Flow Yield data by YCharts.

Boeing may ultimately use this cash to pay you bigger dividends (it already pays a 2.3% dividend), to buy back shares (increasing the size of your stake in the company for every share it takes off the table), or to reinvest in its business and ensure it maintains “air superiority” for years to come. Any way you look at it, though, Boeing’s ability to generate cash offers investors a great reason to invest.

And that, Fools, is the reason I think now’s a great time to buy Boeing stock.

Boeing operates as a major player in a multitrillion-dollar market in which the opportunities and responsibilities are absolutely massive. However, emerging competitors and the company’s execution problems have investors wondering whether Boeing will live up to its shareholder responsibilities. In our premium research report on the company, two of The Motley Fool’s best minds on …read more

Source: FULL ARTICLE at DailyFinance

3 Reasons to Buy Lockheed Martin Stock

By Aimee Duffy, The Motley Fool

Filed under:

It’s no surprise that defense contractors like Lockheed Martin are desperately trying to diversify their business mix. The government is a big customer, but in this age of belt tightening, Lockheed needs to branch out if it wants to survive. The company is doing just that, pursuing a variety of projects outside the realm of government contracts. Today I’ll take a look at three of Lockheed’s diversification efforts. Each project serves as an important step forward, and together they provide three reasons investors should consider buying Lockheed Martin stock.

1. LNG tanks
In March, Lockheed announced it was making a $3 million capital investment to develop liquefied natural gas tanks for transportation and storage. The company is using its experience manufacturing tanks for space shuttles to get into the LNG business. The increasing importance of natural gas on a global scale makes this a smart investment for Lockheed. The company has already received initial orders for the tanks, and it expects demand to grow.

Indeed, companies like Chevron and Cheniere Energy are both quickly working to finish LNG export facilities in the next two years. At the beginning of this year, the industry was capable of producing 290 million tons per year, and some estimates for LNG see supplies rising 4.5% per year through to 2030.

2. Fusion
Nuclear fusion is an ambitious goal if there ever was one, but that’s exactly what the company is working on at its secretive Skunk Works facility in California. Few specific details are known about the project, but as The New York Times reported last month, the company is aiming to develop small, modular fusion reactors that could be made in factories. If — and this is obviously a big “if” — Lockheed were to reach its goal the development would be nothing short of game-changing.

3. Perforene
The third reason to consider picking up some Lockheed Martin stock is a product called Perforene. It is a thin carbon membrane, called graphene, with perforations about a nanometer big that filters salt from water. The thinness of the filter (it is only one-atom thick) means the energy required to push salt water through the filter is considerably less — 100 times less, according to Lockheed — than what is needed for other filtration systems.

The filter is still in its development phase, but Lockheed expects to be able to commercialize it by 2014 or 2015. It would slash the cost of filtering water at a time when world demand for clean water is reaching unprecedented levels.

Foolish takeaway
Tackling the world’s energy problems with forward-thinking ideas is a brilliant strategy for diversifying a business away from government defense contracts. We will always need energy, and increasingly there is money to be made by whoever can develop cleaner energy, or find ways to use less of it. Lockheed is targeting those problems and I think it will pay off down …read more

Source: FULL ARTICLE at DailyFinance

It's a Brave New World for the Drone-Makers

By Rich Smith, The Motley Fool

Filed under:

On March 26, the U.S. Navy announced plans to award four firm-fixed-price contracts to develop prototype Unmanned Carrier-Launched Airborne Surveillance and Strike (UCLASS) drones. This is on top of a similar project, already in the works, to develop a fleet of Unmanned Combat Air Systems (UCAS).

Billions of dollars are at stake as each of Boeing , Northrop Grumman , Lockheed Martin , and General Atomics lock their targeting radars on these contracts. Who will emerge victorious? With the Pentagon set to spend $5.6 billion on drone purchases this year alone, and more in years to come, it’s a question worth asking, and a trend in weapons purchases worth watching.

Motley Fool contributor Rich Smith explains in the following video.

Boeing operates as a major player in a multi-trillion-dollar aerospace market in which the opportunities and responsibilities are absolutely massive. However, emerging competitors and the company’s execution problems have investors wondering whether Boeing will live up to its shareholder responsibilities. In our premium research report on the company, two of The Motley Fool‘s best minds on industrials have collaborated to provide investors with the key, must-know issues surrounding Boeing. They’ll be updating the report as key news hits, so don’t miss out — simply click here now to claim your copy today.

var FoolAnalyticsData = FoolAnalyticsData || []; FoolAnalyticsData.push({ eventType: “TickerReportPitch”, contentByline: “Rich Smith“, contentId: “cms.29785”, contentTickers: “NYSE:BA, NYSE:LMT, NYSE:NOC”, contentTitle: “It’s a Brave New World for the Drone-Makers”, hasVideo: “True”, …read more

Source: FULL ARTICLE at DailyFinance

Pentagon Spends Merrily Through the Sequester

By Rich Smith, The Motley Fool

Filed under:

In the months leading up to the March 2013 “sequester,” pundits predicted doom and gloom for the U.S. economy — and for defense contractors in particular — as $85 billion in government spending was removed from the economy. To hear them tell it, the revenue streams at Boeing and Lockheed Martin would soon dry up as Pentagon spending evaporated.

Well, we’re one full month into the sequester now, so… how are things working out?

Listen in, as Motley Fool contributor Rich Smith dives into the numbers on Pentagon spending in the month of March, and explains what the future really holds for defense contractors.

If you’re on the lookout for high-yielding stocks, defense stocks offer some of the best dividends around. The Motley Fool has compiled a special free report outlining our nine top dependable dividend-paying stocks. It’s called “Secure Your Future With 9 Rock-Solid Dividend Stocks.” You can access your copy today at no cost! Just click here.

The article Pentagon Spends Merrily Through the Sequester originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Pentagon Awards $38 Million for Biometric and Anti-Missile Work

By Rich Smith, The Motley Fool

Filed under:

On Thursday, the Department of Defense announced the award of several small (in defense industry terms) contracts to a handful of companies. Collectively, the awards add up to $38 million in value. Individually, they break down as follows:

  • EADS was awarded a $21 million modification to a previously awarded firm-fixed-price contract to supply “security and support mission equipment package production cut-in services” to the U.S. Army. According to DoD, with this modification, the value of EADS‘s initial contract win has risen to $2.26 billion.
  • CACI won a $9.7 million modification to a firm-fixed-price contract for the provision of “program management and engineering services” supporting DoD biometric programs. The total cumulative face value of the underlying contract has now risen to $43.4 million. 
  • Lockheed Martin was awarded $7.3 million as a modification to its contract to incorporate Large Aircraft Infrared Countermeasures (LAIRCM) NexGen Sensors onto HC/MC-130J aircraft Super Hercules transport aircraft. LAIRCM is a laser-based aircraft anti-missile defense mechanism being developed by Northrop Grumman for the Air Force. It involves mounting hi-intensity lasers on an aircraft, which lasers are then used to disable incoming missiles. Lockheed’s work, installing the system on the Super Hercules planes, should be complete by Oct. 15, 2015.

The article Pentagon Awards $38 Million for Biometric and Anti-Missile Work originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin and Northrop Grumman. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Pentagon Issues Navy Contract Worth Up to $900 Million

By Rich Smith, The Motley Fool

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On Wednesday, the Department of Defense awarded a series of indefinite-delivery/indefinite-quantity contracts to 15 separate companies, giving each the right to compete for future task orders valued at $180 million initially.

The awards have been issued to the following companies, which will compete on a case-by-case basis as task orders are issued: 

  • Booz Allen Hamilton Engineering Services and Booz Allen Hamilton, — both subsidiaries of McLean, Va.-based Booz Allen Hamilton Holding Corporation
  • CACI
  • Computer Sciences Corp. 
  • Engility Corp. 
  • Honeywell 
  • Lockheed Martin (NYSE: LMT)
  • ManTech
  • Science Applications International
  • Britain’s Qinetiq North America
  • Privately held Centurum Information Technology, Glotech, M.C. Dean, Scientific Research Corp, Sotera Defense Solutions.

These contracts provide for the procurement of “Decision Superiority support services” to the Navy’s Space and Naval Warfare Systems Center Atlantic, which services will encompass an “entire spectrum of non-inherently governmental services and solutions.”

The contracts contain provisions for extending them in four, successive, one-year “option year” increments. If all options are exercised, the contracts could ultimately reach $899.8 million in total value, and could run through March 2018.

The article Pentagon Issues Navy Contract Worth Up to $900 Million originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin and ManTech International. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Hyatt House Atlanta/Cobb Galleria Celebrates Official Opening

By Business Wirevia The Motley Fool

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Hyatt House Atlanta/Cobb Galleria Celebrates Official Opening

Opening marks the first Hyatt House TM hotel in Georgia

CHICAGO–(BUSINESS WIRE)– Hyatt Hotels Corporation (NYS: H) , Noble Investment Group and Interstate Hotels & Resorts today announce the opening of HYATT house Atlanta/Cobb Galleria, the first HYATT house hotel in Georgia. The 149-room hotel provides a refreshing new choice for business and leisure travelers looking for the extra space and amenities allowing a space to live, not just stay.

“We are thrilled to bring HYATT house to this dynamic neighborhood. Our social and contemporary environment will help guests feel connected, welcome, and at home,” said Mark Luther, general manager, HYATT house Atlanta/Cobb Galleria. “HYATT house is everything the name represents – a welcoming and warm environment that encourages guests to live like residents. We want each and every guest who comes through our doors to feel that they can let their real-life routines roll on, even when they’re on the road.”

Located in Atlanta’s Northwest Corridor at the intersection of Interstate-75 and Interstate-285 in the Cobb Galleria, HYATT house Atlanta/Cobb Galleria is conveniently located near the global headquarters for Home Depot and the Atlanta offices for IBM, Manhattan Associates, General Electric, SITA, Lockheed Martin. The hotel is across from One Overton Park Galleria and is a short drive to Saint Joseph Hospital, Northside Hospital and Kennestone Hospital.

HYATT house™ Atlanta/Cobb is proximate to popular area attractions such as Life University and the Cobb Galleria Centre. Additionally, guests can view Broadway shows and concerts at the Cobb Energy Performing Arts Centre, located less than a mile from the hotel.

“Every signature element at HYATT house departs from the traditional extended-stay experience to meet the needs of today’s consumers, in particular those frequent travelers looking for a strong community environment,” said Ben Brunt, principal, Noble Investment Group.

HYATT house Atlanta / Cobb Galleria offers:

  • 149 residentially inspired upscale king guestrooms, studio, one- and two-bedroom Kitchen Suites
  • Kitchen Suites feature fully equipped kitchens with a refrigerator, icemaker, convection microwave oven, dishwasher, stove, small appliances and utensils, accompanied by living space and bedrooms with walk-in showers
  • Free Wi-Fi …read more

    Source: FULL ARTICLE at DailyFinance

Congressional OK Sought for F-15 Sale to South Korea

By Rich Smith, The Motley Fool

Filed under:

The Defense Security Cooperation Agency announced on Wednesday (link opens in PDF) that it has notified Congress of plans to make a “Foreign Military Sale” to South Korea of 60 Boeing F-15SE “Silent Eagle” fighter jets. The sale, which would be structured as a direct commercial sale from Boeing to the Republic of Korea, is estimated to be worth $2.4 billion once the cost of associated equipment, parts, training, and logistical support are factored in.

Justifying the sale, DSCA advised Congress that “this proposed sale will contribute to the foreign policy goals and national security objectives of the United States by meeting the legitimate security and defense needs of an ally and partner nation … [augmenting] Korea‘s operational aircraft inventory and enhance[ing] its air-to-air and air-to-ground self-defense capability, provid[ing] it with a credible defense capability to deter aggression in the region.” 

DSCA further advised that as the F-15SEs are delivered, the ROK Air Force plans to decommission the ancient F-4 Phantom fighter jets currently in its arsenal to make way for the new planes. Hence, “Korea will have no difficulty absorbing this additional equipment and support into its inventory.”

As in a similar notification that DSCA gave Congress regarding a proposed F-35 fighter jet sale to South Korea by Lockheed Martin , DSCA made clear that South Korea will not necessarily buy the F-15SEs, even if Congress approves the sale. Rather, South Korea is holding a competition to choose its next generation of fighter jets. Congressional preapproval of a sale would pave the way for Boeing’s participation in this competition.

The article Congressional OK Sought for F-15 Sale to South Korea originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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As North Korea Rattles Sabres, Congress May Sell F-35s to the South

By Rich Smith, The Motley Fool

Filed under:

As the confrontation on the Korean Peninsula heats up, the Defense Security Cooperation Agency announced (link opens a PDF) on Wednesday that it has notified Congress of plans to make a “Foreign Military Sale” to South Korea of 60 new F-35A Lightning II Joint Strike Fighters manufactured by Lockheed Martin .

The fighter jets, which would be sold in the “Conventional Take Off and Landing” configuration, are valued at $10.8 billion with included equipment, parts, training, and logistical support. They would be outfitted with F-135 engines built for the fighter by United Technologies‘ Pratt & Whitney division. In addition to installed engines, nine spare engines would be included in the price of the sale.

Justifying the sale, DSCA advised Congress that “this proposed sale will contribute to the foreign policy goals and national security objectives of the United States by meeting the legitimate security and defense needs of an ally and partner nation” and that “the proposed sale of F-35s will provide the Republic of Korea (ROK) with a credible defense capability to deter aggression in the region.”

DSCA further advised that as the F-35s are delivered to South Korea, the ROK Air Force plans to decommission the ancient F-4 Phantom fighter jets currently in its arsenal to make way for the new planes.

DSCA noted in its letter than the F-35 sale is no done deal. Rather, South Korea is holding a competition to choose its next generation of fighter jets. Congressional preapproval of a sale would pave the way for Lockheed’s participation in this competition.

The article As North Korea Rattles Sabres, Congress May Sell F-35s to the South originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Raytheon Plays a New Patriot Card

By Rich Smith, The Motley Fool

Filed under:

Raytheon‘s Patriot missile system blasted onto the world stage in 1991, when the missiles famously sheltered U.S. troops in Saudi Arabia, and Israeli civilians in Israel, from a furious swarm of Scud missile launches by Iraq’s Saddam Hussein.

In fact, though, the Patriot’s been in active deployment since as far back as 1984, and this poses a problem for Raytheon. With an expected shelf life of 30 years, many of the 10,000-plus Patriot missiles lining military armories around the globe are beginning to approach obsolescence.

On the plus side, this might give Raytheon an opportunity to sell its customers newer, better missiles to replace the aging Patriots they already own. The company’s continually innovating the product, after all, and in partnership with Lockheed Martin , has racking up mongo sales of their new PAC-3 configuration of missile-and-launcher.

On the other hand, though, any time a customer is forced to think about replacing its hardware, a risk arises that it might choose to buy its replacements from… somebody other than Raytheon. Russia‘s S-300 and next-gen S-400 systems, for example, have proven very popular among Third World militaries. Israel‘s new Iron Dome technology, if it becomes available for sale, could also become a contender. So what’s a defense contractor to do?

Offer upgrades.

On Monday, Raytheon announced that the U.S. Army has approved the Patriot for “recertification.” What this means, in essence, is that for a small fee — Raytheon says it will be a mere “fraction of the cost of replacing them with alternative interceptors” — Raytheon can check the oil and rotate the tires on a customer’s Patriot inventory, and if everything checks out, extend the missile’s approved lifespan by 15 years, to 45 years in total. Alternatively, Raytheon can upgrade the missiles to their latest, most advanced GEM-T configuration (as the Army recently paid if $46.7 million to do).

So recertify or upgrade — pick whichever alternative you like, says Raytheon. Just don’t make the mistake of going with an “alternative interceptor” from some other company.

Foolish takeaway
Seems to me, this is good policy on Raytheon’s part. Sure, selling entirely new missiles would generate greater sales for the company (which booked $24.4 billion in 2012). But the revenues from a recertified bird in the hand is worth two uncertain sales of birds in the bush. And the longer Raytheon can keep its customers loyal, and doubling down on their Raytheon-produced products, the less likely they’ll ever choose to switch to an unfamiliar supplier years down the road.

Profiting from our increasingly global economy can be as easy as investing in your own backyard. The Motley Fool’s free report “3 American Companies Set to Dominate the World” shows you how. Click here to get your free copy before it’s gone.

The article Raytheon Plays a New Patriot Card originally appeared on Fool.com.

Fool contributor …read more
Source: FULL ARTICLE at DailyFinance

Qatar Orders 500 U.S. Javelin Anti-Tank Missiles

By Rich Smith, The Motley Fool

Filed under:

Last week, just before America broke for the long weekend, the Defense Security Cooperation Agency announced (link opens a PDF) that it has notified Congress of plans to make a “foreign military sale” to Qatar of 500 FGM-148 Javelin Guided Missiles. Including the cost of accessories, spare parts, training, and logistical support, the deal is estimated to be worth $122 million to the weapons’ manufacturers, Raytheon and Lockheed Martin .

Justifying the sale, DSCA advised Congress that “this proposed sale … [will] improve the security of an important partner which has been, and continues to be, a force for political stability and economic progress in the Middle East.” Importantly, DSCA argued, the sale will also “provide greater security for [Qatar‘s] critical oil and natural gas infrastructure.”

At the same time, the agency assured Congress that the sale of these missiles, designed primarily as an anti-tank weapon but also useful for attacking buildings and even low-flying helicopters, “will not alter the basic military balance in the region.”

At this time, the sale is still considered “potential” and has not yet been concluded.

The article Qatar Orders 500 U.S. Javelin Anti-Tank Missiles originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of Lockheed Martin and Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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