Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions. The Rotary and Mission Systems segment offers military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; the Littoral combat ship; simulation and training services; and unmanned systems and technologies. It also supports government customers in cybersecurity; and delivers communications, and command and control capabilities through mission solutions for defense applications. The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive missile systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground-based systems to help its customers gather, analyze, and securely distribute critical intelligence data. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.
IPO Year:
Exchange: NYSE
Website: lockheedmartin.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/16/2025 | $575.00 | Equal-Weight → Overweight | Morgan Stanley |
| 3/27/2025 | $550.00 → $480.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 3/24/2025 | $685.00 → $485.00 | Buy → Neutral | BofA Securities |
| 3/24/2025 | Buy → Hold | Melius | |
| 1/14/2025 | $579.00 | Buy | Truist |
| 1/2/2025 | $611.00 → $523.00 | Buy → Hold | Deutsche Bank |
| 9/3/2024 | $704.00 | Hold → Buy | Melius |
| 8/5/2024 | $500.00 → $600.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 7/31/2024 | $465.00 → $635.00 | Neutral → Buy | BofA Securities |
| 7/26/2024 | $540.00 → $600.00 | Hold → Buy | Deutsche Bank |
LEEUWARDEN AIR BASE, Netherlands, April 14, 2025 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) Skunk Works and the Royal Netherlands Air Force (RNLAF) showcased the first-ever live classified data share outside the United States between an F-35 in flight and Keystone, a Dutch Command and Control (C2) environment at Ramstein Flag, Multi-Domain Operations (MDO) exercise. In this real-time live fly exercise, Dutch F-35s operating in an Anti-Access Area Denial environment, successfully detected, identified, and passed targeting data on multiple simulated ground effectors via Multi
PALMDALE, Calif., April 14, 2025 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE:LMT), the global technology company's advanced aerospace development division, in collaboration with Arquimea demonstrated an anomaly detection capability for Intelligence, Surveillance, and Reconnaissance (ISR) platforms as they scan a mission area. This cutting-edge capability reduces the number of scans by a sensor to identify unusual patterns or deviations from expected behavior in data, systems, or processes – specifically in the electro optical and infrared spectra – and dramatically impr
TOV ETF Sponsor Calls for Shareholders to Vote AGAINST Proposals Motivated by Antisemitic Boycott, Divestment and Sanctions Movement JLens, a Registered Investment Advisor (RIA) and Fund Sponsor of the JLens 500 Jewish Advocacy U.S. ETF (NYSE:TOV), today calls upon shareholders of two prominent global defense companies to vote AGAINST shareholder proposals that JLens believes were designed to pressure the companies into severing ties with Israel. The companies, General Dynamics (NYSE:GD) and Lockheed Martin Corporation (NYSE:LMT), are portfolio holdings of TOV, a faith-based ETF that was launched earlier this year to advocate for Jewish communal interests. This press release features multi
FORT WORTH, Texas, April 1, 2025 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today completed the delivery of the 51st and 52nd F-35As to the Royal Norwegian Air Force, making Norway the first F-35 partner nation to fulfill its program of record. "The F-35 is the world's best fighter jet and I am very pleased that we will receive the last of the 52 fighter jets from Lockheed Martin that Norway has ordered," said Tore O. Sandvik, Norwegian Minister of Defence. "The aircraft ensure that we can safeguard Norwegian sovereignty and maintain even better control over our areas on land
BETHESDA, Md., April 1, 2025 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live its first quarter 2025 earnings results conference call (listen-only mode) on Tuesday, April 22, 2025, at 11 a.m. ET. James Taiclet, chairman, president and CEO; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss first quarter 2025 results, provide updates on key topics and answer questions. First quarter 2025 results will be published prior to the market opening on April 22. The live webcast will be available at w
Integration of Google AI with Lockheed Martin's AI Factory Ecosystem to Enhance Decision-Making and Innovation BETHESDA, Md. and RESTON, Va., March 27, 2025 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) and Google Public Sector today announced their intent to integrate Google's advanced generative artificial intelligence (gen AI) into Lockheed Martin's AI Factory ecosystem. This collaboration will enhance Lockheed Martin's ability to train, deploy, and sustain high-performance AI models alongside other leading providers, accelerating AI-driven capabilities in critical national security, aerospace, and scientific applications.
BETHESDA, Md., March 6, 2025 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) CFO Jay Malave will participate in a fireside chat at J.P. Morgan's 2025 Industrial Conference on Thursday, March 13 at 7:30 a.m. to 8:05 a.m. ET. Live access to the webcast will be available at: http://www.lockheedmartin.com/investor. A replay will be available for two weeks following the presentation. About Lockheed MartinLockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelera
Spacecraft ready for launch as early as March 15 VANDENBERG SPACE FORCE BASE, Calif., March 5, 2025 /PRNewswire/ -- The latest self-funded technology demonstration from Lockheed Martin (NYSE:LMT) is ready to launch no earlier than March 15. In the weeks ahead, the LM 400 technology demonstration is planned to launch on a Firefly Aerospace Alpha rocket, which successfully passed its static fire test today. The technology demonstration arrived in California on March 1, and is now undergoing pre-launch payload processing at Astrotech Space Operations. The satellite was specifical
FORT WORTH, Texas, March 3, 2025 /PRNewswire/ -- Today, Lockheed Martin (NYSE:LMT) announced that the global F-35 fleet has surpassed 1 million flight hours, further proof of the program's size and strength in ensuring America's warfighter and those of our allies maintain air dominance around the world. "Reaching 1 million flight hours is a monumental achievement for the F-35 program. It highlights the unwavering dedication of our pilots, maintainers, industry partners and our international partners and foreign military sales customers," said Lt. Gen. Michael Schmidt, Program
Demonstration advances interoperability of commercial 5G connections with militarycommunications systems Successfully integrated Nokia's military-grade 5G solutions and Verizon network managementcapabilities into Lockheed Martin 5G.MIL hybrid base station BETHESDA, Md., March 2, 2025 /PRNewswire/ -- Lockheed Martin (NYSE:LMT), Nokia (NYSE: NOK), and Verizon (NYSE: VZ) today announced the successful integration of Nokia's industry-leading, military-grade 5G solutions into Lockheed Martin's 5G.MIL® Hybrid Base Station (HBS). The technology advances new capabilities to integrate commercial 5G connections with military communications systems to provide decisive information for national defense.
Morgan Stanley upgraded Lockheed Martin from Equal-Weight to Overweight and set a new price target of $575.00
RBC Capital Mkts downgraded Lockheed Martin from Outperform to Sector Perform and set a new price target of $480.00 from $550.00 previously
BofA Securities downgraded Lockheed Martin from Buy to Neutral and set a new price target of $485.00 from $685.00 previously
Melius downgraded Lockheed Martin from Buy to Hold
Truist initiated coverage of Lockheed Martin with a rating of Buy and set a new price target of $579.00
Deutsche Bank downgraded Lockheed Martin from Buy to Hold and set a new price target of $523.00 from $611.00 previously
Melius upgraded Lockheed Martin from Hold to Buy and set a new price target of $704.00
RBC Capital Mkts upgraded Lockheed Martin from Sector Perform to Outperform and set a new price target of $600.00 from $500.00 previously
BofA Securities upgraded Lockheed Martin from Neutral to Buy and set a new price target of $635.00 from $465.00 previously
Deutsche Bank upgraded Lockheed Martin from Hold to Buy and set a new price target of $600.00 from $540.00 previously
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BETHESDA, Md., April 1, 2025 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live its first quarter 2025 earnings results conference call (listen-only mode) on Tuesday, April 22, 2025, at 11 a.m. ET. James Taiclet, chairman, president and CEO; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss first quarter 2025 results, provide updates on key topics and answer questions. First quarter 2025 results will be published prior to the market opening on April 22. The live webcast will be available at w
BETHESDA, Md., Jan. 28, 2025 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE:LMT) board of directors has authorized a first quarter 2025 dividend of $3.30 per share. The dividend is payable on March 28, 2025, to holders of record as of the close of business on March 3, 2025. About Lockheed MartinLockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of re
2024 net sales increased 5% to $71.0 billionRecorded pre-tax losses of $1.7 billion and $2.0 billion associated with classified programs in the fourth quarter and full year, which impacted earnings per share by $5.45 and $6.16Earnings per share of $2.22 in the fourth quarter and $22.31 in 2024, including impact of classified programs lossesCash from operations of $7.0 billion and free cash flow of $5.3 billion in 2024 after a pension contribution of $990 millionReturned $6.8 billion of cash to shareholders through dividends and share repurchases in 2024Record backlog of $176.0 billion at end of 20242025 financial outlook providedBETHESDA, Md., Jan. 28, 2025 /PRNewswire/ -- Lockheed Martin Co
BETHESDA, Md., Jan. 2, 2025 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) will webcast live its fourth quarter and full year 2024 earnings results conference call (listen-only mode) on Tuesday, Jan. 28, 2025 at 11 a.m. ET. James Taiclet, chairman, president and chief executive officer; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss fourth quarter and full year 2024 results, provide updates on key topics and answer questions. Fourth quarter and full year 2024 results will be published prior to the market opening on Jan. 28.
Net sales of $17.1 billion, an increase of 1% year over yearNet earnings of $1.6 billion, or $6.80 per shareCash from operations of $2.4 billion and free cash flow of $2.1 billion$1.6 billion of cash returned to shareholders through dividends and share repurchases Increased share repurchase authority by $3.0 billion to a total authorization of $10.3 billionIncreased quarterly dividend 5% to $3.30 per share2024 financial outlook increasedBETHESDA, Md., Oct. 22, 2024 /PRNewswire/ -- Lockheed Martin Corporation (NYSE:LMT) today reported third quarter 2024 net sales of $17.1 billion, compared to $16.9 billion in the third quarter of 2023. Net earnings in the third quarter of 2024 were $1.6 billi
BETHESDA, Md., Oct. 2, 2024 /PRNewswire/ -- The Lockheed Martin (NYSE:LMT) board of directors has authorized a fourth quarter 2024 dividend of $3.30 per share. This is an increase of $0.15 per share over the last quarter and represents the company's 22nd consecutive year of dividend increases. The dividend is payable on Dec. 27, 2024, to holders of record as of the close of business on Dec. 2, 2024. The company's board has also authorized the purchase of up to an additional $3 billion of Lockheed Martin common stock under its share repurchase program. With this increase, total
BETHESDA, Md., Oct. 1, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) will webcast live its third quarter 2024 earnings results conference call (listen-only mode) on Tuesday, October 23, 2024 at 11 a.m. ET. James Taiclet, chairman, president and chief executive officer; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss third quarter 2024 results, provide updates on key topics and answer questions. Third quarter 2024 results will be published prior to the market opening on October 22. The live webcast wi
Net sales of $18.1 billion, an increase of 9% year over yearNet earnings of $1.6 billion, or $6.85 per share, inclusive of net non-operational charges of $79 million ($63 million, or $0.26 per share, after-tax)Cash from operations of $1.9 billion and free cash flow of $1.5 billion$1.6 billion of cash returned to shareholders through dividends and share repurchases 2024 outlook increased for sales, segment operating profit and earnings per shareBETHESDA, Md., July 23, 2024 /PRNewswire/ -- Lockheed Martin Corporation (NYSE:LMT) today reported second quarter 2024 net sales of $18.1 billion, compared to $16.7 billion in the second quarter of 2023. Net earnings in the second quarter of 2024 were
BETHESDA, Md., July 1, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) will webcast live its second quarter 2024 earnings results conference call (listen-only mode) on Tuesday, July 23, 2024 at 11 a.m. ET. James Taiclet, chairman, president and chief executive officer; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss second quarter 2024 results, provide updates on key topics and answer questions. Second quarter 2024 results will be published prior to the market opening on July 23. The live webcast will
BETHESDA, Md., June 27, 2024 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE:LMT) board of directors has authorized a third quarter 2024 dividend of $3.15 per share. The dividend is payable on September 27, 2024, to holders of record as of the close of business on September 3, 2024. Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More inf
BETHESDA, Md., Dec. 3, 2024 /PRNewswire/ -- The Board of Directors at Lockheed Martin (NYSE:LMT) named Kevin O'Connor as the corporation's new senior vice president, general counsel and corporate secretary. Effective Jan. 13, O'Connor will succeed Maryanne Lavan, who plans to retire. O'Connor most recently served as senior vice president and chief legal officer for Carrier. "Kevin is a proven leader who brings insight, expertise, and a shared commitment to our 21st Century Security® vision. I look forward to working with him as we continue to prioritize strong governance and d
EL ALAMEIN, Egypt, Sept. 5, 2024 /PRNewswire/ -- The Egyptian Armed Forces announced today at the Egypt International Air Show that Lockheed Martin (NYSE: LMT) will deliver two C-130J-30 Super Hercules tactical airlifters to the Egyptian Air Force (EAF) through a Foreign Military Sale (FMS) with the U.S. Air Force. Egypt is the 23rd nation to join the worldwide Super Hercules operating community. Egypt is the 23rd nation to join the Super Hercules fleet with the acquisition of two C-130J-30 tactical airlifters.As the most advanced and proven tactical airlifter in the world, th
Announces Planned Retirements of Chairman Thomas O. Barnes and Lead Independent Director Mylle H. Mangum, and appointment of Richard Hipple as Chair Elect Appoints Irenic Capital Management Co-Founder Adam Katz to the Board Enters into Cooperation Agreement with Irenic Capital Management Barnes Group Inc. (NYSE:B), a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced the planned retirements of Chairman Thomas O. Barnes and Lead Independent Director Mylle H. Mangum, consistent with the Company's corporate governance retirement policy, effective at the Company's Annual Meeting of Stockholders in May 2024. Mr.
The F-35's growing European presence strengthens interoperability FORT WORTH, Texas, Jan. 29, 2024 /PRNewswire/ -- The Czech Republic government signed a Letter of Offer and Acceptance (LOA) today making official its intent to procure 24 Lockheed Martin 5th Generation F-35 Lightning II aircraft. Through the U.S. government Foreign Military Sale, the Czech Air Force will receive its first aircraft in 2031, which will be in the latest advanced Block 4 configuration. "We are pleased the government of Czech Republic is now officially a part of the F-35 Lightning II program of reco
Funding expands X-Bow's advanced manufactured solid rocket motor production capacity and the US industrial base ALBUQUERQUE, N.M., Nov. 16, 2023 /PRNewswire/ -- X-Bow Systems Inc (X-Bow), America's low-cost hypersonics provider announced the close of an interim funding round led by Lockheed Martin Ventures the venture arm of Lockheed Martin Corporation (NYSE: LMT). Investors included, Crosslink Capital, Razor's Edge Ventures, Balerion Spacen Ventures, Bravo Victor Venture Capital, and Capital Factory. "This interim investment in X-Bow is part of Lockheed Martin's strategy to add anti-fragility in the solid rocket motor industrial base by enabling new technology and affordability in this s
BETHESDA, Md., Aug. 31, 2022 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) announced today that Tim Cahill will be the new executive vice president of the company's Missiles and Fire Control (MFC) business area. The appointment is effective Nov. 1. Cahill is currently senior vice president of Lockheed Martin's Global Business Development & Strategy, where he brought integrated solutions to our customers and established comprehensive growth-enabling strategies across the enterprise. He previously served as senior vice president for Lockheed Martin International and vice president,
Lorraine Martin, Beverly Wyse and Melissa Waller appointed as independent Non-Executive Directors of Hyperion Metals, effective from 13 September 2021. Lorraine Martin has 35 years of experience in aerospace, leading a range of global business programs at Lockheed Martin (NYSE:LTM) from VP of the C-130 & C-5 Programs, to VP & GM F-35 Lightning II Program, and then EVP and Deputy of the Rotary & Mission Systems division. Lorraine is currently President and CEO of the National Safety Council. Beverly Wyse has over 30 years of leadership experience with Boeing (NYSE:BA), the world's largest aerospace company, where she held a range of senior executive roles including President of Shar
BETHESDA, Md., May 4, 2021 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) announced today Christian Marrone as the senior vice president of government affairs, succeeding Robert Rangel, who will retire later this year. A proven leader in the public and private sectors, Marrone, a current Lockheed Martin vice president of government affairs, has played an active role in many of the most critical issues facing the company. Prior to joining Lockheed Martin in 2019, he successfully served as a senior presidential appointee in both the Bush and Obama administrations in addition to
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced that Marillyn A. Hewson has been elected to Chevron’s board of directors, effective on January 1, 2021. She will serve on the Audit Committee of the Board. Hewson, 66, is executive chairman of Lockheed Martin Corporation. She served as Lockheed Martin’s chairman, president and chief executive officer from January 2014 to June 2020 and held the positions of president and chief executive officer from January 2013 to December 2013. “It’s truly an honor to welcome Marillyn to Chevron’s board,” said Chevron Chairman and CEO Michael Wirth. “Marillyn is one of the world’s most accomplished business leaders. S