Lockheed Martin Corporation (LMT)
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]
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 StatementsAnalyst 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.
News
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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...
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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.
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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.
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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 ...
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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.
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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...
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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.
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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...
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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...
PLTR, AMGN, LMT: Must Watch Stocks
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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...
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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.
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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.
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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...
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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...
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5 Stocks That Are Close To Becoming Dividend Aristocrats
Income investors love Dividend Aristocrats. And why not?
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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...
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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.
Defense stocks: Two things investors should consider
The US defense sector has underperformed the broader market in 2024. Is there any potential for upside?
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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.
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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...
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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...
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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...
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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.