Lockheed Martin Corporation (LMT)

NYSE: LMT · IEX Real-Time Price · USD
465.70
-0.74 (-0.16%)
At close: Jul 2, 2024, 4:00 PM
464.70
-1.00 (-0.21%)
After-hours: Jul 2, 2024, 7:43 PM EDT
-0.16%
Market Cap 111.74B
Revenue (ttm) 69.64B
Net Income (ttm) 6.78B
Shares Out 239.94M
EPS (ttm) 27.33
PE Ratio 17.04
Forward PE 17.40
Dividend $12.60 (2.71%)
Ex-Dividend Date Sep 3, 2024
Volume 501,703
Open 465.60
Previous Close 466.44
Day's Range 464.02 - 466.76
52-Week Range 393.77 - 479.50
Beta 0.47
Analysts Buy
Price Target 495.78 (+6.46%)
Earnings Date Jul 16, 2024

About LMT

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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments. 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-gr... [Read more]

Sector Industrials
Founded 1912
Employees 122,000
Stock Exchange NYSE
Ticker Symbol LMT
Full Company Profile

Financial Performance

In 2023, LMT's revenue was $67.57 billion, an increase of 2.41% compared to the previous year's $65.98 billion. Earnings were $6.92 billion, an increase of 20.73%.

Financial Statements

Analyst Forecast

According to 9 analysts, the average rating for LMT stock is "Buy." The 12-month stock price forecast is $495.78, which is an increase of 6.46% from the latest price.

Price Target
$495.78
(6.46% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Lockheed Martin Announces Second Quarter 2024 Earnings Results Webcast

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...

1 day ago - PRNewsWire

US army awards Lockheed Martin $4.5 bln multi-year Patriot Missiles contract

The U.S. Army awarded Lockheed Martin a multi-year contract worth $4.5 billion for its air defense Patriot Missiles system, the Pentagon said on Friday.

4 days ago - Reuters

Lockheed Martin Declares Third Quarter 2024 Dividend

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.

5 days ago - PRNewsWire

Lockheed Martin-Built GOES-U Weather Satellite Successfully Launched

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 ...

6 days ago - PRNewsWire

Lockheed Martin subsidiaries reach $70 million settlement over claims they overcharged Navy for parts

STRATFORD, Conn. — Two Lockheed Martin subsidiaries have agreed to pay the federal government $70 million for overcharging the Navy for aircraft parts, the U.S. Department of Justice announced Friday.

10 days ago - Market Watch

China sanctions several Lockheed Martin units, three executives over Taiwan arms deals

BEIJING — China said Friday it has banned a number of business units of American aviation manufacturer Lockheed Martin Corp. and three of its executives over arms deals the company has signed with Tai...

11 days ago - Market Watch

China sanctions Lockheed Martin over Taiwan arms sales

China has imposed sanctions against some Lockheed Martin Corp subsidiaries and senior executives over U.S. arms sales to Taiwan, China's foreign ministry said in a statement.

11 days ago - Reuters

Lockheed Martin Selected to Develop Next Generation Weather Satellite Constellation

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 Lo...

14 days ago - PRNewsWire

Lockheed Martin Delivers 2,700th C-130 Hercules Tactical Airlifter

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 world...

14 days ago - PRNewsWire

PLTR, AMGN, LMT: Must Watch Stocks

Palantir (PLTR) shares are trading between the $20 to $25 range. Amgen (AMGN) is coming out of the GLP-1 Phase 3 trial with a once a month delivery versus once a week.

Other symbols: PLTRAMGN
15 days ago - Schwab Network

These space stocks deserve attention, analysts say

It has been a busy few weeks for the U.S. commercial space industry, marked by milestone launches that have thrust space-related stocks into the spotlight.

Other symbols: ASTSBALUNRRKLBSPCE
19 days ago - Market Watch

Buy Lockheed Martin (LMT) stock as bullish catalysts rise

Lockheed Martin (NYSE: LMT) stock price has been a perennial laggard in the past few years even after receiving billions of dollars worth of orders and as defense spending soared. Its total return thi...

20 days ago - Invezz

The U.S. Spends the Most on Defense. What It Means for Lockheed Martin.

Global defense spending hit about $2.4 trillion in 2023, up about 8.5% compared with 2022.

24 days ago - Barrons

Lockheed Martin to buy up to 25 rocket launches from Firefly Aerospace

Lockheed Martin has entered a purchase agreement with Firefly Aerospace for up to 25 launches on its Alpha rocket by 2029, the U.S. defense contractor said on Wednesday.

27 days ago - Reuters

Skunk Works® Demonstrates AI for Air-to-Air Tactical Intercepts

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 artifici...

27 days ago - PRNewsWire

Lockheed Martin Purchases Up to 25 Rocket Launches from Firefly Aerospace

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...

27 days ago - PRNewsWire

5 Stocks That Are Close To Becoming Dividend Aristocrats

Income investors love Dividend Aristocrats. And why not?

Other symbols: ESNKEQCOMSO
4 weeks ago - Forbes

Lockheed Martin COO and CFO to Speak at the Bernstein's 40th Annual Strategic Decisions Conference

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 Bernst...

5 weeks ago - PRNewsWire

Lockheed Martin Elects Heather Wilson to Board of Directors

BETHESDA, Md. , May 22, 2024  /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today announced its board of directors has elected Dr. Heather Wilson to the board, effective today.

5 weeks ago - PRNewsWire

Defense stocks: Two things investors should consider

The US defense sector has underperformed the broader market in 2024. Is there any potential for upside?

Other symbols: GDRKLB
5 weeks ago - Yahoo Finance

2 years, no gains: Is Lockheed Martin's stock worth buying?

Lockheed Martin Corp (NYSE:LMT) has been a solid player in the aerospace and defense sector. But in the last two years, its stock hasn't really gone anywhere, hovering around $465.

7 weeks ago - Invezz

Elsight Enhances the Indago 4 Uncrewed Aerial System with Robust and Beyond Visual Line-of-Sight (BVLOS) Communications

After integration with Elsight Halo, the Indago 4 completed its first BVLOS (beyond visual line-of-sight) flight with enhanced capabilities for wider situational awareness OR YEHUDA, Israel , May 7, 2...

2 months ago - PRNewsWire

Maxar Intelligence and Lockheed Martin Expand Partnership to Enhance the F-35 Full Mission Simulator Experience

WESTMINSTER, Colo.--(BUSINESS WIRE)--Maxar Intelligence, a provider of secure, precise, geospatial intelligence, announced today a long-term agreement with Lockheed Martin to streamline the procuremen...

2 months ago - Business Wire

U.S. Air Force Secretary Kendall Flies in AI-piloted X-62A VISTA

Lockheed Martin's open systems architecture is advancing the future of AI-enabled autonomous flight with human oversight EDWARDS AIR FORCE BASE, Calif., May 3, 2024  /PRNewswire/ -- Lockheed Martin Sk...

2 months ago - PRNewsWire

Lockheed Martin drops $300 million buyout bid for Terran Orbital

Lockheed Martin has withdrawn an offer to acquire satellite maker Terran Orbital for nearly $300 million.

Other symbols: LLAP
2 months ago - Market Watch