|Bid||389.11 x 900|
|Ask||390.88 x 1100|
|Day's Range||386.99 - 393.23|
|52 Week Range||266.11 - 442.53|
|Beta (5Y Monthly)||0.98|
|PE Ratio (TTM)||17.69|
|Earnings Date||Jul 21, 2020 - Jul 27, 2020|
|Forward Dividend & Yield||9.60 (2.47%)|
|Ex-Dividend Date||May 29, 2020|
|1y Target Est||433.11|
The National Transportation Safety Board (NTSB) on Tuesday urged six major manufacturers to equip turbine-powered helicopters with crash-resistant systems to record data, audio and images, after former NBA star Kobe Bryant and eight others were killed in a helicopter crash in January. The NTSB asked Airbus Helicopters, Bell - a unit of Textron Inc Leonardo, MD Helicopters, Robinson Helicopter Co and Sikorsky, a unit of Lockheed Martin Corp – to act after U.S. regulators have not backed mandating the equipment despite a series of recommendations since 2013. Bryant, 41, his 13-year-old daughter Gianna and seven other people died when a twin-engine Sikorsky S-76B helicopter slammed into a hillside outside Los Angeles in heavy fog on Jan. 26.
The Zacks Analyst Blog Highlights: Boeing, Leidos, Virgin Galactic, Northrop Grumman and Lockheed Martin
Lockheed Martin (LMT) is set to offer non-recurring engineering efforts to develop and certify a retrofit solution for suppression of enemy air defenses capabilities for F-35 jets.
Space Exploration Technologies Corp. on Saturday successfully launches the first astronauts into space from U.S. soil in nine years. The capsule carrying NASA astronauts reached orbit on its way to the International Space Station.
Defense stocks Lockheed, Northrop Grumman, L3Harris, Leidos and CACI are in or near buy ranges from cup with handle bases. But are they stock market leaders?
Lockheed Martin's (LMT) F-35 program has been supported by an international team of leading aerospace majors, such as Northrop Grumman, BAE Systems and Pratt & Whitney.
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Lockheed Martin shows improving price performance, earning an upgrade to its IBD Relative Strength Rating
The U.S. State Department has approved a possible $1.425 billion sale of Patriot air and missile defense system components and upgrades to Kuwait, the Pentagon said on Thursday after notifying Congress of the certification. The Pentagon's Defense Security Cooperation Agency said the State Department had approved the sale of 84 interceptor missiles called the Patriot Advanced Capability (PAC-3) Missile Segment Enhancements (MSEs) and related equipment for an estimated cost of $800 million.
The U.S. hasn’t launched astronauts from American soil since 2011, the year National Aeronautics and Space Administration retired its space shuttle.
Shares of Lockheed Martin (NYSE: LMT) traded up more than 5% on Wednesday after the defense titan's CEO expressed confidence that pandemic-related disruptions to production lines would be short-lived, and that the Pentagon budget will remain robust for years to come. Lockheed Martin and other defense contractors have been relative safe havens during the COVID-19 pandemic, but the company has seen some supply chain and manufacturing disruptions on key products, including its F-35 Joint Strike Fighter. CEO Marillyn Hewson, speaking Thursday at a Bernstein conference, said that Lockheed Martin will deliver 18 to 24 fewer F-35s than planned this year due to the pandemic.
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HEICO Corp.'s (HEI) fiscal second-quarter earnings decline 8.3% on a year-over-year basis due to lower quarterly sales as well as operating income.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Lockheed Martin (LMT) have what it takes? Let's find out.
Sweeping global travel restrictions have hindered the awarding of an $800m marine helicopter contract being fought over by UK and US manufacturers, in the latest example of the coronavirus pandemic disrupting the defence sector. US-based Lockheed Martin and Italian defence group Leonardo are competing to supply the South Korean navy with 12 anti-submarine helicopters as well as weapons systems and support services. Both Lockheed Martin and Leonardo declined to comment on the situation.
A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks to deploy a low-power nationwide mobile broadband network, saying it could pose a threat to global positioning systems (GPS). The U.S. Commerce Department's National Telecommunications and Information Administration filed a request on behalf of executive branch agencies, including the Defense and Transportation departments, saying the approval will cause "irreparable harms to federal government users" of GPS. It asked the FCC to "prevent Ligado from deploying its network until this petition is addressed and harmful interference concerns are resolved."
(Bloomberg Opinion) -- After a prolonged shutdown, Ford Motor Co. officially resumed production at its North American factories this week. It hasn’t been as smooth a process as the company might have hoped: Ford had to temporarily close two critical facilities this week to allow for a deep cleaning after workers tested positive for the coronavirus. An Explorer SUV plant in Chicago was closed a second time after an employee at a nearby supplier facility tested positive for the virus, causing a parts shortage.This is the reality of manufacturing for the time being as companies fret about worker safety and the legal and reputational risks of not doing enough to protect employees. Unlike Ford, whose products fall into a category of consumer spending that’s become even more discretionary amid the pandemic, wide swaths of the industrial sector were deemed essential and allowed to remain operational. Those companies, too, have had their share of growing pains as they adjust to a new way of working.Boeing Co. temporarily closed its factories in the Puget Sound area in March after a worker died of the coronavirus and later briefly shuttered work at its 787 plant in South Carolina. CBS Minnesota reported earlier this month that a Honeywell International Inc. facility in Minneapolis had closed after a worker tested positive. Whirlpool Corp. closed its Amana, Iowa, refrigerator plant at least twice after employees tested positive for the virus, according to the Gazette local paper. Deere & Co. and Altria Group Inc.’s Philip Morris USA are among the many others that have had to close plants on a limited basis to avoid outbreaks among workers. Lockheed Martin Corp., meanwhile, said this week it will temporarily slow production of the F-35 fighter jet because of delays at suppliers. It’s a lot harder, though, to bring factories back to life than it is to just figure it out as you go along. Ford may be a manufacturer, but because it’s one of the few to have experienced an extended lockdown, it’s arguably a better benchmark for the non-industrial economy. You better believe that office-based companies that have sent most of their workers home are keeping a close eye on how the likes of Ford fare in flipping the switch back on. Seeing the automaker’s setbacks this week, companies that can operate without their employees clustered in the same place may be less keen to rush back. They’re getting a more continuous stream of work out of their employees now than they would if they had to hit the pause button and clear out the office every few weeks. And the mixed messages from the White House aren't helpful: President Donald Trump is due to visit a Ford factory in Michigan that’s been converted to ventilator production and has been wishy-washy on whether he will adhere to the company’s face-mask requirements. Already, American Express Co. CEO Steve Squeri and Visa Inc. CEO Al Kelly said this week that most of their employees would work from home for the rest of the year. Some 28% of employers recently surveyed by Challenger, Gray & Christmas said they would make work-from-home arrangements permanent for at least some employees. Cryptocurrency exchange Coinbase and social media site Twitter Inc. are among those who have publicly said remote working will be their indefinite default option. Facebook Inc. said Thursday it would follow suit and move to a more permanent remote workforce.At the end of the day, manufacturing or non-manufacturing, it's all interconnected. How permanent this shift to work from home will be is debatable, but if companies end up needing less office space, by default that means fewer HVAC systems, commercial lighting, fire and security products or even 3M Co.’s Post-it notes. And if workers aren’t going to be commuting, do they still need to buy cars from Ford? There's a lot riding on getting reopening right. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Lockheed Martin is slowing production and delivery of its F-35 stealth fighters as the coronavirus pandemic continues to weigh on its suppliers.
Expect more fiscal and monetary support and don't expect a full return to previous economic activity for quite some time.