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Lockheed Martin Corp. - LMT STOCK NEWS

Welcome to our dedicated page for Lockheed Martin news (Ticker: LMT), a resource for investors and traders seeking the latest updates and insights on Lockheed Martin stock.

Lockheed Martin Corporation is a leading global aerospace, arms, defense, information security, and technology corporation. Based in North Bethesda, Maryland, Lockheed Martin was formed by the merger of Lockheed Corporation and Martin Marietta in 1995.

The company is renowned for being the world's largest defense contractor, with significant influence in high-end fighter aircraft markets, notably due to its F-35 Joint Strike Fighter program. The aeronautics segment, which includes the F-35, generates two-thirds of the company's revenue. Other segments encompass rotary and mission systems (including Sikorsky helicopters), missiles and fire control, and space systems, which involve satellite production and partnerships like the United Launch Alliance joint venture.

Lockheed Martin has recently made headlines with its advancements in missile defense. In November 2023, it achieved a major milestone by completing the first Knowledge Point (KP1) for the Next Generation Interceptor program, a crucial step toward the Critical Design Review scheduled for future development. This program aims to counter evolving ballistic missile threats and is pivotal for national security.

The company's Q1 2024 financial results showed a robust performance with net sales of $17.2 billion. Despite a slight dip in net earnings compared to 2023, Lockheed remains confident in meeting full-year financial expectations. Investments in R&D and significant capital projects highlight ongoing efforts to strengthen production capacity and innovation.

Strategic collaborations have bolstered Lockheed Martin's position. For instance, the integration of Elsight’s Halo connectivity platform with the Indago 4 UAS enhances the drone’s operational capabilities. Additionally, partnerships with academic institutions like the University of Iowa have advanced AI applications in air-to-air intercepts, showcasing the company’s commitment to cutting-edge technology.

Lockheed Martin’s commitment to innovation is also evident in its Skunk Works division, which has been pivotal in testing AI and autonomy capabilities through the VISTA X-62A aircraft. This platform has facilitated significant breakthroughs in AI development and integration, essential for future aerospace advancements.

Looking ahead, Lockheed Martin continues to play a critical role in global security and defense, leveraging its technological expertise to innovate and adapt to emerging threats. With a strong financial foundation and strategic initiatives, the company remains poised to maintain its leadership in the defense sector.

News

LOCKHEED MARTIN AND RED 6 BUILD ON PARTNERSHIP THROUGH MENTOR-PROTÉGÉ AGREEMENT

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Lockheed Martin (LMT) and Red 6 announced a strategic joint venture and Mentor-Protégé Agreement under the U.S. Small Business Administration Mentor-Protégé Program. This agreement aims to support both companies' efforts to innovate at a more rapid pace, with Lockheed Martin gaining access to small business teaming partner contracts and potential Red 6 technology integration into various fighter platforms and emerging trainers. The partnership also demonstrates Lockheed Martin's commitment to providing customers with 21st Century Security capabilities and integrated air power solutions.
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Lockheed Martin Declares First Quarter 2024 Dividend

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Lockheed Martin Corporation (LMT) has announced a first quarter 2024 dividend of $3.15 per share, payable on March 29, 2024, to holders of record as of March 1, 2024.
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Lockheed Martin Reports Fourth Quarter and Full Year 2023 Financial Results

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Lockheed Martin Corporation reported net sales of $18.9 billion in the fourth quarter and $67.6 billion in 2023. The company's net earnings were $1.9 billion, or $7.58 per share in the fourth quarter, and $6.9 billion, or $27.55 per share in 2023. Cash from operations was $2.4 billion in the fourth quarter and free cash flow of $1.7 billion, and $7.9 billion in the full year of 2023. Lockheed Martin also returned $9.1 billion to shareholders through dividends and share repurchases in 2023. The company's backlog reached a record $160.6 billion. The 2024 financial outlook was provided by the company's Chairman, President, and CEO Jim Taiclet, who expressed optimism about the company's opportunities to support global security and its mid-single digit growth target in free cash flow per share.
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Lockheed Martin Delivers First C-130J-30 Super Hercules to the Georgia Air National Guard

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Lockheed Martin (LMT) delivered the first of eight C-130J-30 Super Hercules tactical airlifters to the Georgia Air National Guard, marking a new era in Hercules operations for the 165th Airlift Wing. The C-130J-30 offers unprecedented power, space, integration, and versatility, and is the most advanced Hercules ever produced. The delivery represents Lockheed Martin's long-term commitment to the state of Georgia. The C-130J Super Hercules is the proven standard in tactical airlift, with over 530 deliveries to 26 operators in 22 nations.
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Lockheed Martin Announces Fourth Quarter and Full Year 2023 Earnings Results Webcast

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Lockheed Martin (LMT) will webcast its Q4 and full year 2023 earnings results conference call on Jan. 23, 2024. The company's top executives will discuss the results, provide updates, and answer questions. The live webcast and presentation slides will be available on the company's investor website. An on-demand replay and podcast will also be accessible.
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Skunk Works® Rolls Out X-59, NASA's Newest X-Plane

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Lockheed Martin Skunk Works (LMT) has rolled out the X-59, an experimental aircraft designed to reduce the loudness of sonic booms to a gentle thump, marking a significant milestone in the journey to solve the challenges of supersonic flight. The project, a collaboration between Lockheed Martin and NASA, aims to provide statistically valid data to regulators for new rules that could allow quiet commercial supersonic flight over land, cutting commercial flight times in half.
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Lockheed Martin, Verizon Demonstrate 5G Streaming for Sustainment Applications

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Lockheed Martin Skunk Works (LMT) and Verizon (VZ) demonstrated 5G streaming for real-time visualization content on edge computing devices to advance Department of Defense (DOD) sustainment missions. The strategic collaboration validated three key technology areas: 5G at the edge, streaming of real-time, complex, 3D visualization content, and streaming to edge compute devices. These technologies enable Lockheed Martin's 'Maintainer as a Node' concept, providing crucial 21st Century Security technologies that drive speed, efficiency, quality, and reliability where needed most.
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Belgium and Lockheed Martin Celebrate Rollout of First F-35A for Belgium

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Lockheed Martin (LMT) presented Belgium's first F-35A Lightning II to the Belgian government, marking a significant milestone in the Belgian Air Force's history. The F-35 will provide the next generation of air power to ensure the Belgian Air Force can fulfill its NATO missions and protect the alliance's key interests. The introduction of the F-35 strengthens the alliance between the United States and Belgium, a key NATO ally. The first aircraft, designated AY-01, will be delivered to the Belgian Air Force next year and will be based at Luke Air Force Base, Arizona. The F-35 also creates high-quality, long-term employment opportunities for Belgium. Lockheed Martin has delivered more than 980 F-35s, trained more than 2,250 pilots and 15,125 maintainers, and the F-35 fleet has surpassed 768,000 cumulative flight hours.
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X-Bow Systems Closes Funding from Lockheed Martin Ventures and Company Insiders

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X-Bow Systems Inc (X-Bow) secures interim funding led by Lockheed Martin Ventures to expand solid rocket motor production capacity. The investment fulfills matching requirements for the $60M STRATFI Program with AFWERX and the U.S. Airforce. The funds will be used for solid rocket motor technology and the phase I build out of a 'gigafactory' style solid rocket motor campus, completed in months at a fraction of the typical cost.
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Lockheed Martin Opens 25,000-Square Foot, $16.5M Missile Defense Lab

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Lockheed Martin (NYSE: LMT) opens a $16.5M engineering facility at its Huntsville campus, enhancing missile defense innovation in North Alabama. The new Missile System Integration Lab (MSIL) will support the development, testing, and system integration of the Next Generation Interceptor (NGI) for the U.S. Missile Defense Agency. The facility also includes a digital engineering center to maintain a digital thread throughout the integration process, showcasing Lockheed Martin's commitment to investing in advanced technology and facilities critical to reducing risk for the NGI program.
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FAQ

What is the current stock price of Lockheed Martin (LMT)?

The current stock price of Lockheed Martin (LMT) is $534.83 as of November 15, 2024.

What is the market cap of Lockheed Martin (LMT)?

The market cap of Lockheed Martin (LMT) is approximately 127.8B.

What does Lockheed Martin Corporation specialize in?

Lockheed Martin Corporation specializes in aerospace, arms, defense, information security, and technology.

When was Lockheed Martin formed?

Lockheed Martin was formed in March 1995 by the merger of Lockheed Corporation and Martin Marietta.

What is the significance of the F-35 Joint Strike Fighter program?

The F-35 Joint Strike Fighter program is significant as it has helped Lockheed Martin dominate the high-end fighter aircraft market and contributes two-thirds of the company's revenue.

What recent milestone did Lockheed Martin achieve in missile defense?

In November 2023, Lockheed Martin achieved a major milestone by completing the first Knowledge Point (KP1) for the Next Generation Interceptor program.

How did Lockheed Martin perform financially in Q1 2024?

In Q1 2024, Lockheed Martin reported net sales of $17.2 billion, demonstrating a strong start to the year despite a slight dip in net earnings compared to 2023.

What are some of Lockheed Martin's strategic collaborations?

Lockheed Martin has collaborated with Elsight for drone connectivity and the University of Iowa for AI applications in air-to-air intercepts.

What advancements has Lockheed Martin made in AI and autonomy?

Lockheed Martin's Skunk Works division has tested AI and autonomy capabilities through the VISTA X-62A aircraft, facilitating significant breakthroughs in AI development.

Where is Lockheed Martin headquartered?

Lockheed Martin is headquartered in North Bethesda, Maryland, in the Washington, D.C. area.

What are Lockheed Martin's main business segments?

Lockheed Martin's main business segments are aeronautics, rotary and mission systems, missiles and fire control, and space systems.

What is Lockheed Martin's vision for the future?

Lockheed Martin’s vision is to drive innovation and advance scientific discovery, ensuring that its technologies keep those they serve ahead of emerging threats.

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Lockheed Martin Corp.

NYSE:LMT

LMT Rankings

#100 Ranked by Market Cap
#1219 Ranked by Dividends

LMT Stock Data

127.76B
237.04M
0.07%
74.41%
1.03%
Aerospace & Defense
Guided Missiles & Space Vehicles & Parts
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United States of America
BETHESDA