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 |
|---|---|---|---|
| 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 |
| 7/24/2024 | $480.00 → $560.00 | Hold → Buy | TD Cowen |
| 4/15/2024 | $475.00 → $518.00 | Neutral → Overweight | JP Morgan |
| 10/11/2023 | $470.00 | Neutral | UBS |
| 10/4/2023 | $505.00 → $455.00 | Hold | Jefferies |
| 9/28/2023 | $435.00 | Hold | Deutsche Bank |
| 9/18/2023 | $440.00 | Underweight → Equal Weight | Wells Fargo |
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IOWA CITY, Iowa, Nov. 21, 2024 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE:LMT), in partnership with Lockheed Martin's Demonstrations and Prototypes organization and the University of Iowa's Operator Performance Laboratory (OPL), showcased a crewed-uncrewed teaming mission where an airborne battle manager issued real-time commands to AI-controlled aircraft through a touchscreen pilot vehicle interface (PVI). In a series of flight tests, the Skunk Works and OPL teams simulated an offensive counter air mission where an airborne, human "battle manager" aboard an L-39 Albat
F-35 reinforced as one-of-a-kind aircraft for allied air defense FORT WORTH, Texas, Nov. 21, 2024 /PRNewswire/ -- The Government of Romania confirmed today its intent to procure 32 Lockheed Martin 5th Generation F-35 Lightning II aircraft by signing a Letter of Offer and Acceptance (LOA) through a U.S. government Foreign Military Sale. This decision marks a significant milestone in Romania's defense strategy and its commitment to maintaining a robust and advanced military force. "We are pleased to welcome Romania into the F-35 enterprise," said Lt. Gen Mike Schmidt, director and program executive officer of the F-35 Joint Program Office. "The integration of the
PALMDALE, Calif., Nov. 12, 2024 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE:LMT), in partnership with NASA Aeronautics, started X-59 engine run testing, marking the aircraft's final major system check-out before taxi tests and first flight. The tests also mark the first time the X-59 was powered fully internally. During the tests, Lockheed Martin is verifying inlet and nozzle performance, aircraft and engine structural and system interfaces, and engine control algorithms. Previously, the X-59 had been powered externally – electrically, hydraulically and pneumatically.
PATUXENT RIVER, Md., Nov. 7, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) collaborated with the U.S. Navy and General Atomics (GA) in a first-ever live control flight demonstration of an uncrewed system by the Unmanned Carrier Aviation Mission Control Station (UMCS). Powered by the Skunk Works® MDCX™ autonomy platform, the UMCS controlled a GA MQ-20 Avenger uncrewed air system (UAS) as it completed a live fly mission. This demonstration is a pathfinder that helps to advance the complex technology necessary to enable crewed and uncrewed teaming as envisioned for programs suc
Deal Enables Rapid Development and Fielding of Mission-Ready Spacecraft BETHESDA, Md., Oct. 30, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) has completed its previously announced acquisition of Terran Orbital, a leading manufacturer of innovative modular spacecraft serving the global aerospace and defense industries, and its subsidiary, Tyvak International. Lockheed Martin has worked with Terran Orbital on projects including Space Development Agency programs and Lockheed Martin's technology demonstrations. "The addition of Terran Orbital's spirit of entrepreneurship to
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
FORT WORTH, Texas, Oct. 9, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) announced today Chauncey McIntosh has been named vice president and general manager of the F-35 Lightning II Program, effective Dec. 1. McIntosh succeeds Bridget Lauderdale, who will be retiring at the end of the year following a 38-year career with the company. McIntosh, who most recently served as the vice president and deputy of the F-35 program, is an exceptional leader with more than 20 years of business, program management, engineering and customer engagement experience. As the vice president a
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
Next-Generation GeoXO Lightning Mapper enhances capabilities of NOAA's next-generation weather satellite system DENVER, Sept. 18, 2024 /PRNewswire/ -- NASA has awarded Lockheed Martin (NYSE:LMT) a contract to design and build the next-generation GeoXO Lightning Mapper (LMX) instruments for the National Oceanic and Atmospheric Administration (NOAA). The baseline contract is valued at approximately $297 million for two instruments with options for two additional instruments. The Capabilities LMX is a single-channel, near-infrared optical instrument developed specifically to det
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., May 2, 2024 /PRNewswire/ -- The Lockheed Martin (NYSE: LMT) board of directors has authorized a second quarter 2024 dividend of $3.15 per share. The dividend is payable on June 28, 2024, to holders of record as of the close of business on June 3, 2024. The independent members of Lockheed Martin's board of directors also unanimously elected Thomas J. Falk as independent lead director of the board effective today, succeeding Daniel F. Akerson who, along with James O. Ellis, Jr., retired from the board this morning following the company's annual stockholders meeti
Net sales of $17.2 billionNet earnings of $1.5 billion, or $6.39 per shareCash from operations of $1.6 billion and free cash flow of $1.3 billion$1.8 billion of cash returned to shareholders through dividends and share repurchases Reaffirms 2024 financial outlookBETHESDA, Md., April 23, 2024 /PRNewswire/ -- Lockheed Martin Corporation [NYSE: LMT] today reported first quarter 2024 net sales of $17.2 billion, compared to $15.1 billion in the first quarter of 2023. Net earnings in the first quarter of 2024 were $1.5 billion, or $6.39 per share, compared to $1.7 billion or $6.61 per share, in the first quarter of 2023. Cash from operations was $1.6 billion in both the first quarters of 2024 and
BETHESDA, Md., April 1, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) will webcast live its first quarter 2024 earnings results conference call (listen-only mode) on Tuesday, April 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 first quarter 2024 results, provide updates on key topics and answer questions. First quarter 2024 results will be published prior to the market opening on April 23. The live webcast will b
BETHESDA, Md., Jan. 23, 2024 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE:LMT) board of directors has authorized a first quarter 2024 dividend of $3.15 per share. The dividend is payable on March 29, 2024, to holders of record as of the close of business on March 1, 2024. About Lockheed MartinHeadquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 122,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced te
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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
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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
TD Cowen upgraded Lockheed Martin from Hold to Buy and set a new price target of $560.00 from $480.00 previously
JP Morgan upgraded Lockheed Martin from Neutral to Overweight and set a new price target of $518.00 from $475.00 previously
UBS initiated coverage of Lockheed Martin with a rating of Neutral and set a new price target of $470.00
Jefferies reiterated coverage of Lockheed Martin with a rating of Hold and set a new price target of $455.00 from $505.00 previously
Deutsche Bank initiated coverage of Lockheed Martin with a rating of Hold and set a new price target of $435.00
Wells Fargo upgraded Lockheed Martin from Underweight to Equal Weight and set a new price target of $440.00
JP Morgan analyst Seth Seifman maintains Lockheed Martin (NYSE:LMT) with a Overweight and raises the price target from $518 to $560.
On CNBC's “Halftime Report Final Trades,” Jason Snipe of Odyssey Capital Advisors said he likes Lockheed Martin Corporation (NYSE:LMT), which reported a nice beat on the top and bottom lines this week. On July 23, the aerospace and defense giant reported earnings per share (EPS) of $7.11 for the second quarter 2024, surpassing analysts' expectations of $6.46. Additionally, revenue for the quarter reached $18.122 billion, exceeding the anticipated $17.044 billion. Lockheed Martin expects FY24 net sales of $70.50 billion-$71.5 billion (prior $68.5 billion–$70 billion) versus the consensus of $69.822 billion. LMT sees EPS of $26.10-$26.60 (prior $25.65 – $26.35) versus the consensus of $
Lockheed Martin Corporation (NYSE:LMT) shares are higher Wednesday after multiple analysts raised their price targets following the company’s second-quarter earnings. What Happened: The aerospace and defense giant reported earnings per share (EPS) of $7.11 for Q2 2024, surpassing analysts’ expectations of $6.46. Additionally, revenue for the quarter reached $18.122 billion, exceeding the anticipated $17.044 billion. Earnings Highlight Revenue Growth: Consolidated revenue rose by 8.6%, surpassing both internal estimates and market consensus by 6.3%. F-35 Program: Lockheed Martin delivered 10 F-35 aircraft in July alone, with six featuring the TR-3 update and four with the TR-2
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AAL PUT TRADE BEARISH 07/26/24 $10.50 $795.0K 51.7K 16.8K UPS CALL SWEEP BEARISH 09/20/24 $130.00 $78
Deep-pocketed investors have adopted a bearish approach towards Lockheed Martin (NYSE:LMT), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LMT usually suggests something big is about to happen. We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Lockheed Martin. This level of activity is out of the ordinary. The general mood among these heavyweight investors is divided, with 25% leaning bullish and 62% bearish. Among these notable opt
Deutsche Bank analyst Scott Deuschle maintains Lockheed Martin (NYSE:LMT) with a Hold and raises the price target from $487 to $540.
RBC Capital analyst Ken Herbert maintains Lockheed Martin (NYSE:LMT) with a Sector Perform and raises the price target from $470 to $500.
Wells Fargo analyst Matthew Akers maintains Lockheed Martin (NYSE:LMT) with a Equal-Weight and raises the price target from $483 to $525.