(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.

Shares of the company are up 0.09%, or 6 cents, to $68.75 in premarket trading.

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.

If you liked this article you might like

Defense Stocks Take Off as North Korea Tensions Rise

Here's What Stocks You Want to Own in the Event of a War With North Korea

Tax Reform Is Coming and That Means Trump Stock Rally Is Ready to Kill It Again

'Trump Stock' Rally Is Back on Track

Defense Contractors Exploring India Deals Want to Safeguard Their Technology