Shares in British aerospace group BAE Systems rose sharply on Tuesday, with four traders citing market speculation of interest in the company from U.S. group Lockheed Martin. "Vague rumours that Lockheed is showing interest," one trader wrote in an Email.BAE shares were up by 2.8 percent at 320.80 pence in early afternoon trade, second-top riser on a 0.5 percent higher FTSE 100 index.Traded volume in the stock was 40 percent of its 90-day daily average, against 33 percent for the FTSE 100.In October, merger talks between BAE and European aerospace group EADS collapsed. sudip.kargupta@thomsonreuters.com; +44 207 542 9795 /+44 207 542 7717; Reuters Messaging: sudip.kargupta.thomsonreuters.com@reuters.net
Lockheed Martin Corporation is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of technology systems and products. Shares of LMT remained unchanged at $93.29. In the past year, the shares have traded as low as $76.02 and as high as $95.92. On average, 1472420 shares of LMT exchange hands on a given day and today's volume is recorded at 0.
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