(Premarket story updated with Lockheed Martin news and share price information.)
NEW YORK ( TheStreet) -- Lockheed Martin ( LMT) was awarded a Navy contract on Wednesday worth up to $3.6 billion to build 10 warships between now and 2015.
Qiao Xing Universal Resources posted pictures of its newly acquired Xinyuan lead-zinc-copper mine in Chifeng city yesterday. It also said it plans to launch a new Web site in early January. Shares of the company are down 0.35%, or 1 cent, to $2.84 in premarket trading, as investors take profits.
Chinese digital media company Focus Media Holding ( FMCN) is buying a 15% stake in VisionChina Media ( VISN) for $61 million. Shares of Focus Media are down 1.01%, or 22 cents, to $21.55 while VisionChina shares are up 0.65%, or 3 cents, to $4.70 in premarket trading.
Last week, WebMediaBrands ( WEBM) announced its plans to repurchase up to $2 million worth of its common stock. Shares of the company are up 2%, or 3 cents, to $1.53 in premarket trading.