Lockheed Martin Corporation (NYSE:LMT) [Trend Analysis] retains strong position in active trade, as shares scoring 0.11% to $232.10 in a active trade session, while looking at the shares volume, about 1.26 Million shares have changed hands in this session. Lockheed Martin (LMT) has inked a teaming contract with CoGen Limited to develop energy-from-waste projects in the United Kingdom, starting with a new plant in Cardiff, Wales. The Cardiff facility will convert waste into up to 15 megawatts (MW) of energy, enough to power about 15,000 homes and businesses in the local area. To generate energy, the plant will process about 150,000 tons of waste per year, importantly reducing the need for landfill use. Construction is predictable to start in 2018, with operations starting in 2020.
“This project will make a substantial contribution to Cardiff and will additional showcase how bioenergy technologies can help reduce waste, decrease pollution and generate clean, renewable energy,” stated Frank Armijo, vice president of Lockheed Martin Energy. “We’re excited to team with CoGen, and we’re looking forward to other projects where we can help businesses, manufacturers and U.K. municipal and regional governments address their critical waste and energy challenges.” The firm has institutional ownership of 82.00%, while insider ownership included 0.03%. LMT attains analyst recommendation of 2.40 with week’s performance of -1.90%. Investors looking additional ahead will note that the Price to next year’s EPS is 7.00%.
Federal National Mortgage Assctn Fnni Me (OTCMKTS:FNMA) reported that its recent sale of non-performing loans. The five pools of about 7,300 loans totaling $1.39 billion in unpaid principal balance (UPB) are accessible for purchase by qualified offerders.
This sale of non-performing loans is being marketed in alliance with Wells Fargo Securities, LLC as an advisor. “As we work to reduce the number of seriously delinquent loans in Fannie Mae’s portfolio, we are happy to continue to offer borrowers additional options to avoid foreclosure and help stabilize neighborhoods,” stated Joy Cianci, Fannie Mae’s senior vice president, Single-Family Credit Portfolio Management.