LMT - Lockheed Martin Corporation
| Previous Close | 386.86 |
| Open | 386.22 |
| Bid | 0.00 x 1100 |
| Ask | 383.34 x 900 |
| Day's Range | 383.23 - 387.42 |
| 52 Week Range | 241.18 - 399.96 |
| Volume | 762,479 |
| Avg. Volume | 1,095,467 |
| Market Cap | 108B |
| Beta (3Y Monthly) | 0.95 |
| PE Ratio (TTM) | 18.22 |
| EPS (TTM) | 21.03 |
| Earnings Date | Jan 27, 2020 - Jan 31, 2020 |
| Forward Dividend & Yield | 9.60 (2.48%) |
| Ex-Dividend Date | 2019-11-29 |
| 1y Target Est | 403.42 |
- Reuters
UPDATE 2-U.S. lawmakers reach deal on massive defense bill, eye Russia, Turkey, China
U.S. lawmakers announced an agreement on Monday on a $738-billion bill setting policy for the Department of Defense, including new measures for competing with Russia and China, family leave for federal workers and the creation of President Donald Trump's long-desired Space Force. It also calls for sanctions on Turkey over its purchase of a Russian missile defense system, and a tough response to North Korea's efforts to develop nuclear weapons.
- Simply Wall St.
Why We Like Lockheed Martin Corporation’s (NYSE:LMT) 24% Return On Capital Employed
Today we'll evaluate Lockheed Martin Corporation (NYSE:LMT) to determine whether it could have potential as an...
- Investopedia
United Technologies Poised for Gains in New Decade
United Tech stock has broken stubborn resistance in the $140s, setting the stage for superior returns in 2020 and beyond.
- Zacks
How Trading Your Own Retirement Can Fleece Your Financial Future - December 06, 2019
Achieving your retirement goals takes a much different investing approach than regular stock trading, from smartly managing risk to keeping emotions in check.
- Moody's
Lockheed Martin Corporation -- Moody's upgrades Lockheed Martin's ratings -- senior unsecured to A3, outlook stable
Moody's Investors Service ("Moody's") upgraded its ratings of Lockheed Martin Corporation: senior unsecured to A3 from Baa1, and senior unsecured shelf to (P)A3 from (P)Baa1. Moody's affirmed the company's P-2 commercial paper rating and withdrew the Baa1 issuer rating.
- American City Business Journals
Lockheed Martin scored over $1B in deals last month for DFW work
Lockheed Martin and other DFW defense contractors brought in hundreds of millions of dollars last month.
- Zacks
Want To Retire Early? Learn the Intelligent Investing Secret - December 05, 2019
Accomplishing the financial cushion to retire early is a fantasy for most, but bringing that fantasy to reality is not as difficult as it sounds. If you are willing to make some serious lifestyle adjustments, it can be achievable.
- Zacks
Defense Stock Roundup: GD Wins Big Deal, CW Boosts Buyback Program
Moderate flow of funds might have driven U.S. defense stocks. While General Dynamic (GD) secures a $22-billion deal, Curtiss Wright (CW) hikes its share buyback program.
- American City Business Journals
Boeing Starliner launch rescheduled at Cape Canaveral
The target date for the first test of Boeing’s Starliner spacecraft has been pushed back. The launch will be from Cape Canaveral Air Force Station at 6:36 a.m. on Dec. 20, three days later than the original Dec. 17 launch date. The mission will serve as a key milestone for Starliner, a Boeing project based in Central Florida that eventually will carry astronauts to and from the International Space Station.
- American City Business Journals
Lockheed’s air-launched hypersonic missile contract gets $988 million bump
The Bethesda defense contractor originally secured a contract in 2018 to help prototype the Air Force’s air-launched rapid response weapon (ARRW), but the follow-on deal issued Monday was worth more than double the original.
- American City Business Journals
Orlando simulation companies show off latest tech at I/ITSEC 2019
Orlando is considered the MS&T; capital of the world, and the industry is valued at $6 billion locally.
- American City Business Journals
Here’s how big Lockheed wants to grow its Orlando workforce
Lockheed Martin Corp. (NYSE: LMT) is already Central Florida’s eighth-largest employer, but it’s not done growing. The Bethesda, Maryland-based defense contractor employs 8,000 people between its two campuses in Orlando, and the company plans to add 1,000 more over the next four years, said Amy Gowder, vice president and general manager of Lockheed Martin in Orlando, at the I/ITSEC modeling, simulation and training conference on Dec. 2. Roughly 70% of the company's existing positions are engineering or technical jobs, which pay more than the Orlando area's average annual salary of $44,900.
- American City Business Journals
Lockheed Martin reels in $1B+ in defense work for Orlando
Orlando’s largest defense contractor has secured one of its biggest local contracts of the year. Bethesda, Maryland-based Lockheed Martin Corp. (NYSE: LMT) won a $988 million U.S. Air Force contract modification with work to be performed in Orlando. The contract was awarded to the company’s Missiles & Fire Control campus in southwest Orlando and work is expected to be completed by Dec. 31, 2022.
- Reuters
Trump says he is looking at sanctions against Turkey over S-400 missile deal
President Donald Trump said on Tuesday he was looking at imposing sanctions on Turkey over its purchase of a Russian missile system, blaming his predecessor for not selling Ankara a U.S. missile system. Sitting alongside French President Emmanuel Macron, Trump was asked whether he would issue sanctions on Turkey over the purchase of the S-400 missile system.
- Zacks
CACI Wins $438M Task Order to Aid Air Force C4ISR Program
CACI will provide AI, ML, advanced geospatial intelligence and signals intelligence support, among others, to the Air Force and intelligence community.
- Bloomberg
How Blacklisting Companies Became a Trade War Weapon
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Tariffs aren’t the only weapon in a trade war. Countries are also turning to “blacklists” to restrict the economic activities of certain foreign companies. While such steps are often described as necessary to preserve national security, they’re increasingly being deployed as policy tools to gain leverage in trade negotiations. In the case of the U.S. and China, disputes over human rights or geopolitics also can play a role.1\. Where is this happening?President Donald Trump has placed dozens of Chinese companies on the U.S. Commerce Department’s “entity list” -- a classification that restricts their ability to purchase U.S. software and components. China’s government has been considering hitting back with a blacklist of its own, targeting foreign companies, organizations and people it calls “unreliable entities.” Export powerhouses Japan and South Korea also have deployed trade restrictions in a renewal of a long feud dating back to Japan’s colonization of the Korean peninsula in the early 20th century.2\. Who is on the U.S. list?The most prominent among those blacklisted in May, primarily on national security grounds, is Huawei Technologies Co., the telecommunications giant at the forefront of fifth-generation, or 5G, mobile technology. In October, the U.S. added 28 Chinese companies -- including another eight technology giants -- for alleged human rights violations against Uighur Muslims in China’s far west Xinjiang province. Those companies include two of the world’s largest manufacturers of video surveillance products, Hangzhou Hikvision Digital Technology Co. and Zhejiang Dahua Technology Co., and a pair of artificial-intelligence companies, SenseTime Group Ltd. and Megvii Technology Ltd.3\. How is China responding?Slowly. In May, it said it was compiling its own list of “unreliable entities,” defined as those having “severely damaged the legitimate interests” of Chinese firms by not obeying market rules, violating contracts or blocking or cutting off supply for noncommercial reasons. None were identified but FedEx Corp. has been under particular scrutiny after China accused it of mis-routing some parcels sent by Huawei. In July, Chinese state media raised the specter of backlash against U.S. companies including General Dynamics Corp. and Honeywell International Inc. in connection with a proposed $2 billion U.S. arms sale to Taiwan. A month later, China vowed retaliation against U.S. companies participating in a proposed $8 billion U.S. sale of Lockheed Martin Corp. F-16 fighter jets to Taiwan. It also has pledged to retaliate against Trump’s sanctions related to human rights violations.4\. When will that happen?Soon, the Communist Party-backed Global Times said in early December. It reported said the list was being sped up in response to a bill moving through the U.S. Congress requiring measures against Chinese officials involved in alleged abuses of Uighurs. The bill passed the Senate in September and the House was set to vote on it in December. However, Chinese officials have said “soon” before.5\. What does it mean to be blacklisted by the U.S.?Those on the U.S. entity list are prohibited from doing business with American companies without first obtaining a U.S. government license. It was created in 1997 as a way to sanction companies that helped build weapons of mass destruction. It’s since been expanded to cover activities considered “contrary to the national security or foreign policy interests of the United States.” Targets can be “businesses, research institutions, government and private organizations, individuals, and other types of legal persons,” according to the Commerce Department’s Bureau of Industry and Security, which administers the list as part of U.S. Export Administration Regulations.6\. What about by China?Unclear. “Necessary measures will be taken” against those listed, was all Ministry of Commerce spokesman Gao Feng said when he announced it May 31. However, the broad definition opens the possibility that a great swath of the global technology industry could be targeted, including U.S. giants such as Google, Qualcomm and Intel, as well as non-American suppliers that have cut off Huawei like Toshiba Corp. and SoftBank Group Corp.’s ARM Holdings. Global Times Editor-in-Chief Hu Xijin said on his Twitter feed that U.S. officials and diplomats might face visa and travel restrictions.7\. What explains the increased use of blacklists?It’s part of what trade hawks in both governments see as a generational fight for technological and economic supremacy of the 21st century. The Chinese government has leveraged its massive state resources to support industrial policies like “Made in China 2025,” and a 2017 development strategy that aims to make China the world’s primary artificial intelligence innovation center by 2030. The Trump administration, backed by many in Congress, views this as a threat to America’s economic and national security and has actively sought to curb China’s technological ambitions.To contact the reporters on this story: Bryce Baschuk in Geneva at bbaschuk2@bloomberg.net;Brendan Murray in London at brmurray@bloomberg.netTo contact the editors responsible for this story: Brendan Murray at brmurray@bloomberg.net, Laurence Arnold, Grant ClarkFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters
UPDATE 1-Turkey to oppose NATO plan if it fails to recognise terrorism threats -Erdogan
Turkey will oppose NATO's plan for the defence of Baltic countries if the alliance does not recognise groups that Turkey deems terrorists, Turkish President Tayyip Erdogan said on Tuesday, ahead of a NATO alliance summit in London. Relations between Turkey and its NATO allies have been strained over a host of issues, ranging from Ankara's decision to procure Russian air defence systems to Syria policy. Several NATO members condemned Turkey's decision to launch an offensive into northeastern Syria against the Kurdish YPG militia.
- American City Business Journals
Lockheed Martin secures 2 contracts worth $1.1B with work in metro Orlando
The U.S. military’s F-35 program is generating more defense work for Central Florida. Bethesda, Maryland-based Lockheed Martin Corp. (NYSE: LMT) won a $831 million U.S. Navy contract to produce 15 F-35 aircraft for the government of Australia. Four percent of the work will be performed in Orlando, with a completion date of March 2023.
- GuruFocus.com
Ron Muhlenkamp's Firm Starts 3 Positions in 3rd Quarter
New buys include Buffett’s conglomerate Continue reading...
- MarketWatch
The 10 most FIRE-friendly places to live if you want to retire early
Short for Financial Independence, Retire Early, the FIRE movement finds its roots in the 1992 best-seller “Your Money or Your Life” by Joe Dominguez (a Wall Street financial analyst who — you guessed it — retired at 31) and Vicki Robin (who turned a modest inheritance into an income stream that allowed her to quit work at 23). As a result, “Knoxville is an easy place to live, to raise a family, or to retire,” she says.
- American City Business Journals
How this NASA audit may affect business on Florida's Space Coast
A Nov. 14 report by the NASA Office of Inspector General highlighted the delays in spacecraft development by both Boeing and SpaceX.
- Zacks
Lockheed Martin Wins $328M Deal to Acquire F-35 Components
Lockheed Martin (LMT) secures deal to procure long lead material, parts and components for supporting production and delivery of 48 F-35A jets.
- Reuters
Italy approves second phase of F-35 investment programme - minister
Italy will press ahead with an investment programme for F-35 fighter jets, Defence Minister Lorenzo Guerini said, after uncertainty over further orders from the Rome government had raised questions on production plans. "As the government aims to build on the investments made so far and seize the opportunities offered by the programme, I've decide to give a green light to the phase two," Guerini said during a parliamentary hearing on Thursday. Luigi Di Maio, leader of the co-ruling 5-Star Movement, said last year that F-35 fighter jets were not a priority for the country and that the programme had to be reviewed in 2019.
- American City Business Journals
Lockheed Martin secures $1.15B in F-35 contracts
The two contracts call for Lockheed to provide 15 F-35 jets to Australia and parts for future production efforts.
- Zacks
Lockheed Martin Secures $831M Deal to Support F-35 Program
Lockheed Martin (LMT) wins deal to offer associated red gear in relation to production and delivery of 14 F-35A aircraft.
