In line with the estimates by analysts, health insurer Coventry Health Care reported a 52 percent plunge in its fourth-quarter profit, largely due to an increase in medical costs, which resulted in increase in costs of claims, while it membership fell.

Defense contractor Lockheed Martin Corp. has bagged a $1.1 billion contract from U.S. government, to build the next-generation Geostationary Operational Environmental Satellite R-Series, known as GOES-R.

The satellites are the latest in a series used by NASA and the National Oceanic and Atmospheric Administration to monitor weather and environmental changes on Earth.

Catapult Technology Ltd. has secured four orders worth of $10.2 million from various firms across the United States.