Date | Price Target | Rating | Analyst |
---|---|---|---|
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 |
7/19/2023 | $500.00 → $475.00 | Sector Perform | RBC Capital Mkts |
7/19/2023 | $575.00 → $550.00 | Positive | Susquehanna |
4/12/2023 | $513.00 | Outperform → Neutral | Robert W. Baird |
Elon Musk‘s SpaceX had its first Falcon Heavy launch this year on Tuesday, following over 50 launches of its workhorse Falcon 9 vehicle and multiple flight tests for its ambitious Starship launch vehicle. What Happened: SpaceX’s Falcon Heavy rocket launched the National Oceanic and Atmospheric Administration’s (NOAA) GOES-U mission to a geostationary orbit from Florida on Tuesday at 5:26 p.m. ET. GOES-U is among the agency’s most sophisticated Geostationary Operational Environmental Satellites (GOES) series. It will help weather forecasters with high-resolution imagery while also aiding early detection of severe weather and tropical cyclones. The environmental monitoring satellite con
- Bloomberg
Lockheed Martin (NYSE:LMT) has outperformed the market over the past 20 years by 3.47% on an annualized basis producing an average annual return of 11.66%. Currently, Lockheed Martin has a market capitalization of $112.23 billion. Buying $1000 In LMT: If an investor had bought $1000 of LMT stock 20 years ago, it would be worth $9,095.76 today based on a price of $467.73 for LMT at the time of writing. Lockheed Martin's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated co
-Reuters
China has reportedly imposed sanctions on several subsidiaries and senior executives of Lockheed Martin Corp. (NYSE:LMT) in response to U.S. arms sales to Taiwan. The sanctions include freezing the assets of Lockheed Martin’s senior executives, including Chairman James Donald Taiclet, and banning their entry into China, reported Reuters. China’s foreign ministry announced that the sanctions target Lockheed Martin Missile System Integration Lab, Lockheed Martin Advanced Technology Laboratories, and Lockheed Martin Ventures, per the report. Beijing has repeatedly urged the U.S. to cease its arms sales to Taiwan, a self-governed island that China claims as its own. Also Read: US And
NASA, on behalf of the National Oceanic and Atmospheric Administration (NOAA), has selected Lockheed Martin Corp. of Littleton, Colorado, to build the spacecraft for NOAA's Geostationary Extended Observations (GeoXO) satellite program. This cost-plus-award-fee contract is valued at approximately $2.27 billion. It includes the development of three spacecraft as well as four options for additional spacecraft. The anticipated period of performance for this contract includes support for 10 years of on-orbit operations and five years of on-orbit storage, for a total of 15 years for each spacecraft. The work will take place at Lockheed Martin's facility in Littleton and NASA's Kennedy Space Center
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The Pentagon has announced the first set of winners in its rocket launch contract competition, with Jeff Bezos’ Blue Origin securing a spot for the first time. What Happened: The contracts were awarded under the Pentagon’s $5.6 billion National Security Space Launch program, reported CNBC on Thursday. Elon Musk‘s SpaceX and United Launch Alliance, a joint venture of Lockheed Martin (NYSE:LMT) and Boeing (NYSE:BA), were also awarded contracts under the multi-year third phase of the NSSL program. These companies will now be eligible to compete for contracts until mid-2029 under the program, known as NSSL Phase 3 Lane 1. SpaceX and ULA have been competing for contracts under the previo
Investors with a lot of money to spend have taken a bearish stance on Lockheed Martin (NYSE:LMT). And retail traders should know. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LMT, it often means somebody knows something is about to happen. Today, Benzinga's options scanner spotted 9 options trades for Lockheed Martin. This isn't normal. The overall sentiment of these big-money traders is split between 11% bullish and 33%, bearish. Out of all of the options we uncovered, there was 1 put, for a total amou
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
NOAA's newest satellite will complete the GOES-R series and provide critical weather and climate data KENNEDY SPACE CENTER, Fla., June 25, 2024 /PRNewswire/ -- An advanced weather satellite built by Lockheed Martin (NYSE:LMT) for the National Oceanic and Atmospheric Administration (NOAA) launched today from NASA's Kennedy Space Center at 5:26 p.m. ET. Lifted to space aboard a Space X Falcon Heavy rocket, the GOES-U satellite successfully deployed its large solar array to generate electrical power and has established communications with mission operators. GOES-U is the final sa
NOAA's Geostationary Extended Observations weather satellites to bring new critical measurements and advanced weather forecasting capability DENVER, June 18, 2024 /PRNewswire/ -- NASA has selected Lockheed Martin [NYSE: LMT] to develop and build the nation's next generation weather satellite constellation, Geostationary Extended Observations (GeoXO), for the National Oceanic and Atmospheric Administration (NOAA). The baseline contract is for three spacecraft with options for four additional spacecraft. The total estimated value of the contract including options is $2.27 billio
MARIETTA, Ga., June 18, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) recently delivered the 2,700th Hercules multi-mission tactical airlifter, increasing the size, reach and strength of the worldwide C-130 fleet. This landmark aircraft is a KC-130J Super Hercules tanker operated by the U.S. Marine Corps Aerial Refueler Transport Squadron 252 at Marine Corps Air Station at Cherry Point, North Carolina. Defined by its proven performance and unmatched versatility, operators in 70 nations around the world fly C-130 airlifters to support any mission — anywhere, any time. The cur
Visiongain has published a new report entitled Defence Electronics Market Report 2024-2034: Forecasts by Platform (Airborne, Marine, Land), by EW Systems (Radar Jamming Systems, Electronic Countermeasures, Signal Intelligence Systems, Other), by ISR Sensors (Electro-Optical/Infrared (EO/IR) Sensors, Synthetic Aperture Radar (SAR), Electronic Support Measures (ESM), Magnetic Anomaly Detection (MAD) Systems, Other), by Type (Command, Control and Communication Systems, Electronic Warfare Systems, Surveillance and Reconnaissance Systems, Intelligence, Surveillance and Reconnaissance (ISR) Sensors, Navigation and Guidance Systems, Other) AND Regional and Leading National Market Analysis PLUS Anal
IOWA CITY, Iowa, June 5, 2024 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE:LMT) partnered with the University of Iowa's Operator Performance Laboratory (OPL) to demonstrate the use of artificial intelligence (AI) in air-to-air intercept scenarios. The successful flights are a significant milestone for Skunk Works' Tactical AI team, in which AI directly flew and conducted tactical exercises with a full-scale, live aircraft – one of OPL's L-29 Delfin jets – using heading, speed and altitude commands. The team executed simulated-to-real transfer test objectives against a vi
Companies Ink Agreement to Help Bring New Tech to Orbit Faster and Increase Access to Space DENVER, June 5, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) signed an agreement with Firefly Aerospace, Inc., for up to 25 launches on the company's Alpha rocket through 2029. Under this agreement, Firefly will routinely launch a variety of future Lockheed Martin spacecraft, including new payload technologies, into low-Earth orbit from Firefly's facilities on the west and east coasts. Lockheed Martin benefits from Firefly's lower-cost launch vehicle, which helps reduce risk for the
BALTIMORE, Md., May 30, 2024 (GLOBE NEWSWIRE) -- Lawsuits have been filed alleging that a number of large corporate employers have offloaded billions of dollars in pension obligations to Athene Annuity and Life Company and/or Athene Annuity & Life Assurance Company of New York, subsidiaries of Athene Holding Ltd. (collectively, "Athene") in violation of ERISA. In addition to AT&T Inc., Lockheed Martin Corporation (NYSE:LMT), and Alcoa Corporation (NYSE:AA), against which lawsuits have already been filed, according to SEC filings and/or Athene's public statements, Bristol-Myers Squibb Company (NYSE:BMY), Armstrong World Industries, Inc. (NYSE:AWI), ATI, Inc. (NYSE:ATI), Weyerhaeuser Company
BALTIMORE, May 23, 2024 (GLOBE NEWSWIRE) -- Lawsuits have been filed alleging that a number of large corporate employers have offloaded billions of dollars in pension obligations to Athene Annuity and Life Company and/or Athene Annuity & Life Assurance Company of New York, subsidiaries of Athene Holding Ltd. (collectively, "Athene") in violation of ERISA. In addition to AT&T Inc. (NYSE:T), Lockheed Martin Corporation (NYSE:LMT), and Alcoa Corporation (NYSE:AA), against which lawsuits have already been filed, according to SEC filings and/or Athene's public statements, Bristol-Myers Squibb Company (NYSE:BMY), Armstrong World Industries, Inc. (NYSE:AWI), ATI, Inc. (NYSE:ATI), Weyerhaeuser Com
BETHESDA, Md., May 23, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live a presentation by Chief Operating Officer Frank St. John and Chief Financial Officer Jay Malave at the Bernstein's 40th Annual Strategic Decisions Conference on Thursday, May 30 at 8 a.m. to 8:50 a.m. ET. Access to the webcast will be available at: http://www.lockheedmartin.com/investor. An audio 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 discover
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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
RBC Capital Mkts reiterated coverage of Lockheed Martin with a rating of Sector Perform and set a new price target of $475.00 from $500.00 previously
Susquehanna reiterated coverage of Lockheed Martin with a rating of Positive and set a new price target of $550.00 from $575.00 previously
Robert W. Baird downgraded Lockheed Martin from Outperform to Neutral and set a new price target of $513.00
Credit Suisse upgraded Lockheed Martin from Underperform to Outperform and set a new price target of $510.00 from $427.00 previously
DZ Bank upgraded Lockheed Martin from Hold to Buy and set a new price target of $523.00
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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
Net sales of $18.9 billion in the fourth quarter and $67.6 billion in 2023Net earnings of $1.9 billion, or $7.58 per share in the fourth quarter; $6.9 billion, or $27.55 per share in 2023Cash from operations of $2.4 billion and free cash flow of $1.7 billion in the fourth quarter; cash from operations of $7.9 billion and free cash flow of $6.2 billion in 2023$3.8 billion of cash returned to shareholders through dividends and share repurchases in the fourth quarter, and $9.1 billion in 2023Record backlog of $160.6 billion2024 financial outlook providedBETHESDA, Md., Jan. 23, 2024 /PRNewswire/ -- Lockheed Martin Corporation (NYSE:LMT) today reported fourth quarter 2023 net sales of $18.9 billi
BETHESDA, Md., Jan. 16, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) will webcast live its fourth quarter and full year 2023 earnings results conference call (listen-only mode) on Tuesday, Jan. 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 fourth quarter and full year 2023 results, provide updates on key topics and answer questions. Fourth quarter and full year 2023 results will be published prior to the market opening on Jan. 23.
BETHESDA, Md., Oct. 10, 2023 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) will webcast live its third quarter 2023 earnings results conference call (listen-only mode) on Tuesday, Oct.17, 2023 at 11 a.m. ET. James Taiclet, chairman, president and chief executive officer; Jay Malave, chief financial officer; and Maria Ricciardone Lee, vice president of investor relations, will discuss third quarter 2023 results, provide updates on key topics and answer questions. Third quarter 2023 results will be published prior to the market opening on Oct. 17. The live webcast will be available
BETHESDA, Md., Oct. 6, 2023 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE:LMT) board of directors has authorized a fourth quarter 2023 dividend of $3.15 per share. The dividend is payable on Dec. 29, 2023, to holders of record as of the close of business on Dec. 1, 2023. This marks the 21st consecutive year of dividend increases for the company. The company's board has also authorized the purchase of up to an additional $6 billion of Lockheed Martin common stock under its share repurchase program, nearly doubling total authorization of the current program to $13 billio
Net sales of $16.7 billion, an increase of 8% year-over-yearNet earnings of $1.7 billion, or $6.63 per shareCash from operations of $1.1 billion and free cash flow of $0.8 billion$1.5 billion of cash returned to shareholders through dividends and share repurchasesRecord backlog of $158.0 billion2023 outlook increased for sales, segment operating profit and earnings per shareBETHESDA, Md., July 18, 2023 /PRNewswire/ -- Lockheed Martin Corporation [NYSE: LMT] today reported second quarter 2023 net sales of $16.7 billion, compared to $15.4 billion in the second quarter of 2022. Net earnings in the second quarter of 2023 were $1.7 billion, or $6.63 per share, compared to $309 million, or $1.16 p
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
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 information at Lockheedmartin.com.
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