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Lockheed Martin Corporation (LMT) delivers cutting-edge aerospace systems and defense technologies that shape global security infrastructure. This dedicated news hub provides investors and industry professionals with authoritative updates on LMT's strategic developments.
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Lockheed Martin (NYSE: LMT) and General Motors (NYSE: GM) have partnered to develop next-generation lunar vehicles for NASA's Artemis program, enhancing lunar exploration capabilities. The Lunar Terrain Vehicle (LTV) aims to enable astronauts to travel farther on the Moon's rugged terrain, especially at the Moon's south pole. Lockheed Martin will leverage over 50 years of experience with NASA, while GM will integrate advanced battery-electric technologies and autonomous systems for improved operational efficiency. This partnership represents a significant advancement in space exploration technology.
Lockheed Martin will host a live webcast presentation featuring Chairman, President, and CEO James Taiclet at Bernstein's 37th Annual Strategic Decisions Conference on June 2, 2021, from 11:00 a.m. to 11:50 a.m. EDT. Investors can access the webcast through the company’s investor relations page. An audio replay will be available for two weeks afterward. Lockheed Martin, headquartered in Bethesda, Maryland, is a global leader in security and aerospace, employing about 114,000 people and specializing in advanced technology systems.
Lockheed Martin's SBIRS GEO-5 satellite successfully launched on May 18, 2021, from Cape Canaveral. It is now communicating with U.S. Space Force's Space Delta 4 operations team, confirming signal acquisition 36 minutes post-launch. SBIRS GEO-5 enhances missile warning capabilities with its advanced sensors, critical for national security amid rising global threats. Built on the new LM 2100 Combat Bus, it features improved resilience and cyber-hardening. The satellite is part of the broader Next Gen OPIR Block 0 System, set to strengthen missile defense operations.
Lockheed Martin (NYSE: LMT) will host a live webcast of a presentation by CFO Ken Possenriede at the Goldman Sachs Industrials & Materials Conference on May 13, 2021, from 8:50 a.m. to 9:25 a.m. EDT. The webcast can be accessed at Lockheed Martin Investor, where an audio replay will be available for two weeks after the event. Headquartered in Bethesda, Maryland, Lockheed Martin is a major player in global security and aerospace, employing around 114,000 people worldwide.
Lockheed Martin (NYSE: LMT) has appointed Christian Marrone as the new senior vice president of government affairs, succeeding Robert Rangel, who will retire later this year. Marrone brings extensive experience, having previously served in significant roles within the U.S. government, including chief of staff at the Department of Homeland Security. His selection reflects Lockheed Martin's effective leadership succession planning. CEO Jim Taiclet praised Marrone's national security expertise and bipartisan relationships, while expressing gratitude for Rangel's contributions.
The U.S. government and Lockheed Martin (NYSE: LMT) have submitted a best and final offer (BAFO) for the F-35 fighter jets to Finland on April 29, 2021. This offer includes a comprehensive package with F-35A aircraft and tailored sustainment solutions. The F-35 is presented as the most affordable option for Finland's future air force needs, providing high-tech job opportunities and lasting industrial collaboration for over 20 years. The aircraft is considered the most advanced and cost-effective 5th Generation fighter, with 13 nations already selecting it for service.
Lockheed Martin Corporation (NYSE: LMT) has announced a dividend of $2.60 per share for the second quarter of 2021. This dividend will be payable on June 25, 2021, to shareholders recorded as of the close of business on June 1, 2021. This action reflects the company's ongoing commitment to return value to its shareholders while supporting its strategic initiatives.
ORock Technologies, in collaboration with Intel and Lockheed Martin, has launched ORockCloud with Hardened Security, a cutting-edge hybrid cloud solution designed for commercial and federal organizations. This offering enhances security, performance, and latency predictability for mission-critical workloads and high-performance computing (HPC) applications. The solution integrates advanced security measures with Intel's 2nd Gen Xeon Scalable processors, ensuring data confidentiality and availability. As an Intel Select Solutions provider, ORock aims to transform organizations' defense against cyber threats by delivering a secure cloud platform.
Lockheed Martin Corporation (LMT) reported first-quarter 2021 net sales of $16.3 billion, up from $15.7 billion in 2020. Net earnings rose to $1.8 billion or $6.56 per share, compared to $1.7 billion or $6.08 per share last year. Cash from operations was $1.7 billion, down from $2.3 billion in the first quarter of 2020. The quarter included unrealized gains of $68 million from the Ventures Fund, offset by $36 million in severance and restructuring charges. Lockheed anticipates continued growth while managing operational challenges due to COVID-19.
On April 13 and 15, 2021, Sikorsky's S-97 RAIDER helicopter showcased advanced maneuverability and speed during demonstrations at Redstone Arsenal, Alabama. This event aimed to support Sikorsky's bid for the U.S. Army's Future Attack Reconnaissance Aircraft (FARA) program. The S-97 RAIDER is the only FARA candidate currently flying, contributing to risk reduction for its next-generation RAIDER X model. Sikorsky emphasizes its digital thread approach, enhancing aircraft lifecycle sustainability and operational readiness, crucial in addressing evolving military needs.
