Lockheed Martin Corporation (LMT)

NYSE: LMT · IEX Real-Time Price · USD
431.14
+1.96 (0.46%)
Feb 27, 2024, 1:08 PM EST - Market open
0.46%
Market Cap 103.71B
Revenue (ttm) 67.57B
Net Income (ttm) 6.92B
Shares Out 241.64M
EPS (ttm) 27.55
PE Ratio 15.57
Forward PE 16.25
Dividend $12.60 (2.92%)
Ex-Dividend Date Feb 29, 2024
Volume 384,478
Open 428.68
Previous Close 429.18
Day's Range 426.50 - 431.23
52-Week Range 393.77 - 508.10
Beta 0.49
Analysts Hold
Price Target 486.10 (+12.75%)
Earnings Date Apr 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 10 analysts, the average rating for LMT stock is "Hold." The 12-month stock price forecast is $486.1, which is an increase of 12.75% from the latest price.

Price Target
$486.1
(12.75% upside)
Analyst Consensus: Hold
Stock Forecasts

News

We're aiming to find more suppliers outside the U.S.: Lockheed Martin International president

Michael Williamson, president of Lockheed Martin International, discusses how it's addressing supply challenges and says it aims to find "additional suppliers outside of the U.S." to "reduce the fragi...

7 days ago - CNBC International TV

Lockheed Martin on track to increase production of weapons systems

Lockheed Martin said on Thursday that it was on track to raise production of its weapons systems to meet increased demand amid escalating security concerns.

11 days ago - Reuters

Investing in Space: How bankers read a potential sale of rocket builder ULA

It's been widely reported over the last year that ULA parent companies Boeing and Lockheed Martin are considering offloading the rocket business. And last week ULA CEO Tory Bruno gave a conference pre...

Other symbols: BA
18 days ago - CNBC

Lockheed Martin CFO to Speak at the TD Cowen 45th Annual Aerospace and Defense Conference

BETHESDA, Md. , Feb. 7, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live a presentation by Chief Financial Officer Jay Malave at the TD Cowen 45th Annual Aerospace and Defense Confer...

20 days ago - PRNewsWire

Saudi companies to make parts for Lockheed's THAAD defense system

U.S. weapons maker Lockheed Martin has signed agreements for Saudi Arabian companies to manufacture parts of its Terminal High Altitude Area Defense (THAAD) system, the company said on Monday.

22 days ago - Reuters

Poland to buy Lockheed Martin missile launchers for navy

Poland has signed a deal to buy Lockheed Martin's MK 41 Vertical Launching System for three frigates it is building, Polish defence firm PGZ said on Thursday.

26 days ago - Reuters

3 defense stocks that could soar on new contracts

The whole world has turned its attention to the escalating conflicts in the Red Sea involving United States and United Kingdom military personnel. While the media may underplay the significance of thi...

Other symbols: BANOC
27 days ago - MarketBeat

Exclusive: Lockheed Martin to cut 1% of its jobs in cost-cutting push

Lockheed Martin will cut 1% of its jobs over the course of the year in a bid to cut costs and streamline operations, a company spokesperson said on Friday.

4 weeks ago - Reuters

Should You Pick Lockheed Martin Stock At $430 After Q4 Beat?

Lockheed Martin LMT (NYSE: LMT) recently reported its Q4 results, with revenues and earnings beating the street estimates. The company reported revenue of $18.9 billion, reflecting a 0.6% decline from...

4 weeks ago - Forbes

Lockheed Martin and RTX Corporation: One to buy, one to let fly?

Lockheed Martin Corporation NYSE: LMT and RTX Corporation NYSE: RTX are moving in opposite directions following their Q4 reports, suggesting one market is a buy and the other a sell.

Other symbols: RTX
4 weeks ago - MarketBeat

Investing in Space: Sector led Lockheed and Northrop growth last year

When Lockheed Martin and Northrop Grumman reported 2023 results this week, both companies' space businesses were top in sales growth by a long shot.

Other symbols: NOC
4 weeks ago - CNBC

The Dealer Lot Is Full - Where Is Lockheed Martin Storing F-35s?

With F-35 deliveries to the U.S. military halted since last July and F-35 production continuing apace, stealth fighters are stacking up on a ramp somewhere.

4 weeks ago - Forbes

LOCKHEED MARTIN AND RED 6 BUILD ON PARTNERSHIP THROUGH MENTOR-PROTÉGÉ AGREEMENT

Program Supports Both Companies' Efforts to Innovate at a More Rapid Pace ORLANDO, Fla. , Jan. 24, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) and Red 6 announced today a strategic joint venture ...

4 weeks ago - PRNewsWire

Lockheed Martin Declares First Quarter 2024 Dividend

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.

4 weeks ago - PRNewsWire

Lockheed Martin beats on top and bottom lines

CNBC's Morgan Brennan joins 'Squawk Box' to break down the company's quarterly earnings results.

5 weeks ago - CNBC Television

Aureus' Kari Firestone previews earnings season: JNJ, PG, LMT, NFLX

Kari Firestone, Aureus Asset Management executive chairman and co-founder, joins 'Squawk Box' to discuss the latest market trends ahead of earnings season.

Other symbols: JNJNFLXPG
5 weeks ago - CNBC Television

Lockheed Martin's Q4 profit and sales beat Wall Street estimates

Lockheed Martin Corp.'s stock LMT, +0.22% dipped 0.1% in premarket trading on Tuesday after the defense contractor's fourth-quarter earnings beat analyst estimates, but the company said its 2024 sales...

5 weeks ago - Market Watch

Defense firm Lockheed forecasts dour 2024 profit on supply chain woes

Lockheed Martin forecast its 2024 profit below Wall Street expectations on Tuesday, as the U.S. defense contractor's largest aeronautics segment that makes the F-35 jets faces supply chain disruptions...

5 weeks ago - Reuters

Lockheed Martin Reports Fourth Quarter and Full Year 2023 Financial Results

Net sales of $18.9 billion in the fourth quarter and $67.6 billion in 2023 Net earnings of $1.9 billion, or $7.58 per share in the fourth quarter; $6.9 billion, or $27.55 per share in 2023 Cash from o...

5 weeks ago - PRNewsWire

Lockheed Martin trade 'makes a ton of sense' right now, says KKM's Jeff Kilburg

Jeff Kilburg, KKM Financial founder and CEO, joins CNBC's "The Exchange" to discuss his outlook on upcoming earnings from major airline stocks such as Delta and United, and defense contractor Lockheed...

5 weeks ago - CNBC Television

Lockheed Martin Delivers First C-130J-30 Super Hercules to the Georgia Air National Guard

165th Airlift Wing to receive a total of eight Super Hercules tactical airlifters MARIETTA, Ga. , Jan. 22, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) delivered the first of eight C-130J-30 Super...

5 weeks ago - PRNewsWire

3 Dividend Stocks for January 2024

The dividend prospects of three firms with wide or narrow Morningstar Economic Moat Ratings.

Other symbols: KVUEMS
5 weeks ago - Morningstar

Cramer's week ahead: Earnings from Procter & Gamble, Tesla, Lockheed Martin

CNBC's Jim Cramer guided investors through next week's Wall Street action, telling them to gear up for a slew of earnings reports.

Other symbols: PGTSLA
5 weeks ago - CNBC

Growth for these defense stocks as global tensions rise

They're not the most glamorous or high-profile stocks, but in the past month, big defense companies like TransDigm Group Inc. NYSE: TDG, RTX Corp. NYSE: RTX, the company formerly known as Raytheon, an...

5 weeks ago - MarketBeat

Investing in Space: Pentagon's satellite constellation awards near $10 billion

The Space Development Agency ordered nearly $10 billion in satellites for a new network known as the "Proliferated Warfighter Space Architecture," or PWSA.

Other symbols: LHXNOCRKLB
5 weeks ago - CNBC