Lockheed Martin Corporation (LMT)

NYSE: LMT · IEX Real-Time Price · USD
418.72
-1.99 (-0.47%)
Jun 29, 2022 1:07 PM EDT - Market open
-0.47%
Market Cap 111.42B
Revenue (ttm) 65.75B
Net Income (ttm) 6.21B
Shares Out 266.11M
EPS (ttm) 22.64
PE Ratio 18.49
Forward PE 16.53
Dividend $11.00 (2.63%)
Ex-Dividend Date Aug 31, 2022
Volume 354,707
Open 423.06
Previous Close 420.71
Day's Range 416.43 - 424.41
52-Week Range 324.23 - 479.99
Beta 0.76
Analysts Buy
Price Target 492.54 (+17.6%)
Earnings Date Jul 25, 2022

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. 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-groun... [Read more...]

Industry Aerospace & Defense
Founded 1912
CEO James Taiclet
Employees 114,000
Stock Exchange NYSE
Ticker Symbol LMT
Full Company Profile

Financial Performance

In 2021, LMT's revenue was $67.04 billion, an increase of 2.52% compared to the previous year's $65.40 billion. Earnings were $6.32 billion, a decrease of -7.58%.

Financial Statements

Analyst Forecast

According to 25 analysts, the average rating for LMT stock is "Buy." The 12-month stock price forecast is 492.54, which is an increase of 17.63% from the latest price.

Price Target
$492.54
(17.63% upside)
Analyst Consensus: Buy
Stock Forecasts

News

5 Stocks to Buy as Markets Head Toward Worst 1H in 50 Years

We have narrowed our search to five U.S. corporate giants that have offered more than 10% returns year to date. These are: ADM, HSY, LMT, MPC and VLO.

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Lockheed (LMT) Wins $2B Deal for Black Hawk Helicopters

Lockheed's (LMT) Sikorsky unit is going to procure 120 H-60M Black Hawk helicopters and provide related support for fiscal years 2022-2026, including options for an additional 135 aircraft.

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Kroger (KR), Boise Cascade (BCC), Lockheed Martin (LMT), Paychex (PAYX) and Everest Re (RE) could be compelling picks heading into the second half of the year.

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Lockheed wins $2.3 billion contract to build Black Hawk helicopters

Lockheed Martin won a $2.3 billion contract to build at least 120 H-60M Black Hawks as the U.S. military continues its search for a next-generation of helicopter.

United States Army and Sikorsky Strengthen Army Aviation Fleet with 10th H-60 Black Hawk Helicopter Contract

STRATFORD, Conn. , June 27, 2022 /PRNewswire/ -- The United States government and Sikorsky, a Lockheed Martin company (NYSE: LMT), signed a five-year contract for a baseline of 120 H-60M Black Hawk heli...

Lockheed Martin Reduces Gross Pension Obligation by $4.3 Billion with Purchase of Group Annuity Contracts

BETHESDA, Md. , June 27, 2022 /PRNewswire/ -- Lockheed Martin Corporation (NYSE: LMT) today announced it has purchased group annuity contracts from Athene Holding Ltd.

Raytheon (RTX), Lockheed (LMT) JV Wins Javelin Missiles Deal

Javelin, a joint venture (JV) of Raytheon (RTX) and Lockheed (LMT), is going to be engaged in the low-rate initial production of lightweight command launch units for Javelin missiles

Other symbols: RTX

Lockheed Martin (LMT) Wins Contract for Apache Helicopters

Lockheed Martin (LMT) clinches a modification contract for the procurement of modernized day sensor assembly kits and spares for Apache helicopters.

Daily Dividend Report: Kroger, S&P Global, Lockheed Martin, Pfizer, Matson

Daily Dividend Report: Kroger, S&P Global, Lockheed Martin, Pfizer, Matson

Other symbols: KRMATXPFESPGI

Lockheed (LMT) Wins Contract to Support MH-60R Aircraft

Lockheed (LMT) is going to provide for modifications for final country-unique configuration requirements for 24 MH-60R aircraft.

Lockheed Martin Declares Third Quarter 2022 Dividend

BETHESDA, Md. , June 23, 2022 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized a third quarter 2022 dividend of $2.80 per share.

Lockheed (LMT) Wins $131M Deal to Support ARTS-V2 Systems

Lockheed (LMT) is going to provide for the exercise of Options Three and Four for an additional quantity of eight ARTS-V2 systems, being produced under the basic contract.

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Lockheed can deliver F-35 to Germany from 2026, sees more orders in Europe

Lockheed Martin said on Wednesday it could deliver first F-35 fighter jets to Germany in 2026 and expects more orders for the aircraft in Europe as Greece and the Czech Republic have expressed significa...

NASA taps three companies to design nuclear power plants for the Moon

Nuclear fission may have to overcome a public perception hurdle here on Earth in order to get the funding and development it needs to advance sufficiently to help our with our de-carbonization efforts, ...

Other symbols: WAB

Lockheed (LMT) Wins $578M Deal to Support F-35 Jet Program

Lockheed (LMT) is going to offer program management support, non-recurring unique requirements, and training for continued integration efforts on the F-35 fighter jet program.

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Lockheed (LMT) Wins $450M Deal to Support JASSM Program

Lockheed (LMT) is going to provide lifecycle support for all efforts related to Joint Air-to-Surface Standoff Missile (JASSM)

Lockheed (LMT) Wins $67M Deal to Support F-35 Jet Program

Lockheed (LMT) is set to procure long-lead-time materials, parts and components for the production of 17 F-35A aircraft.

Sell Lockheed Martin to buy later at lower valuations

Lockheed Martin Corporation (NYSE:LMT) has enjoyed support since the war in Ukraine started. The war triggered a need for many countries to increase war stockpiles.

Lockheed (LMT) Wins Deal to Support F-35 Fighter Jet Program

Lockheed (LMT) is going to provide non-recurring engineering, delivery and installation of F-35 Joint Strike Fighter Pilot Training and Maintainer Training technical refresh hardware.

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Space Force Prefers ULA Over SpaceX

And that's good news for profits at Boeing and Lockheed Martin.

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