LMT - Lockheed Martin Corporation

NYSE - NYSE Delayed Price. Currency in USD
356.96
+0.75 (+0.21%)
At close: 4:05PM EDT
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Previous Close356.21
Open357.64
Bid356.00 x 800
Ask356.93 x 1800
Day's Range355.85 - 359.10
52 Week Range241.18 - 373.37
Volume1,401,714
Avg. Volume1,249,876
Market Cap100.855B
Beta (3Y Monthly)1.24
PE Ratio (TTM)18.26
EPS (TTM)19.55
Earnings DateJul 23, 2019
Forward Dividend & Yield8.80 (2.47%)
Ex-Dividend Date2019-08-30
1y Target Est381.39
Trade prices are not sourced from all markets
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    UPDATE 1-Lockheed awarded $1.48 bln Saudi missile defense contract -Pentagon

    Lockheed Martin was awarded a $1.48 billion contract to build the THAAD missile defense system for Saudi Arabia, bringing the total value of the deal to $5.36 billion, the Pentagon said on Friday. The new contract was a modification to a previously awarded agreement to produce the Terminal High Altitude Area Defense interceptor for Saudi Arabia, the Pentagon said. In November 2018, Saudi and U.S. officials signed letters of offer and acceptance formalizing terms for Saudi Arabia's purchase of 44 THAAD launchers, missiles and related equipment.

  • Lockheed awarded $1.48 billion Saudi missile defence contract - Pentagon
    Reuters12 hours ago

    Lockheed awarded $1.48 billion Saudi missile defence contract - Pentagon

    Lockheed Martin was awarded a $1.48 billion contract to build the THAAD missile defence system for Saudi Arabia, bringing the total value of the deal to $5.36 billion, the Pentagon said on Friday. The new contract was a modification to a previously awarded agreement to produce the Terminal High Altitude Area Defence interceptor for Saudi Arabia, the Pentagon said. In November 2018, Saudi and U.S. officials signed letters of offer and acceptance formalising terms for Saudi Arabia's purchase of 44 THAAD launchers, missiles and related equipment.

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  • Bloombergyesterday

    Trump Says He's Not Looking at Turkey Sanctions ‘Right Now’

    (Bloomberg) -- President Donald Trump said he’s not looking at economic sanctions against Turkey “right now” following its decision to begin receiving parts of a Russian missile-defense system that has divided the two NATO allies and fueled outrage in Congress.“No, we’re not looking at that right now,” Trump told reporters Thursday at the White House.The lira initially strengthened on the news, though on Friday weakened 0.5% to 5.6464 per dollar as of 9:14 a.m. in Istanbul.The president’s comments came a day after his administration confirmed it’s suspending Turkey’s participation in the F-35 jet program, ending its ability to buy and help build the fighter jet because of President Recep Tayyip Erdogan’s decision to begin receiving parts for the Russian-made S-400 system.Trump’s comments may signal a brief reprieve for Erdogan’s government. Under the Countering America’s Adversaries Through Sanctions Act, or CAATSA, the U.S. is required to impose penalties on Ankara over the missile-defense move. The law doesn’t say how quickly the president has to put those sanctions in place, however.The penalties in CAATSA range from limiting the size of American bank loans to Turkish entities to more severe efforts such as cutting off access to the U.S. financial system, an unlikely step that would shatter the already fragile Turkish economy.Erdogan has sought to blunt any sanctions effort by appealing directly to Trump. Referring to a conversation the two leaders had at the G-20 meeting in Japan last month, Erdogan has said that Trump doesn’t favor sanctions, even if they are supported by some U.S. officials.U.S. lawmakers from both parties have expressed outrage over the S-400 purchase and are likely to press for the toughest sanctions on a menu of options in CAATSA.The U.S. says says the S-400 sale puts at risk the Pentagon’s costliest program, the F-35 built by Lockheed Martin Corp. The U.S. says the Russian air defense system is designed to shoot down North Atlantic Treaty Organization aircraft and can collect critical intelligence that could compromise stealth capabilities of the fifth-generation fighter.‘Tough Situation’Turkey’s cutoff from the F-35 program was a move that Trump has made clear he was reluctant to take. He told reporters on Tuesday that “it is a very tough situation that they are in, and it’s a tough situation that we have been placed in, the United States.”Turkey’s Foreign Ministry on Wednesday said “the exclusion of Turkey as one of the main partners of the F-35 program is unjust and the allegation that S-400 system will weaken the F-35s is invalid.”Erdogan has repeatedly said the purchase is essential to meeting his country’s air defense needs. But the move comes as he and Russian President Vladimir Putin have sought to bolster ties.Turkey, with its planned purchases of about 100 of the F-35s, was one of the four top foreign customers for the program, along with Japan, Australia and the U.K.Ten Turkish companies will be suspended from making more than 900 parts for the F-35 that over the program’s lifetime could generate more than $9 billion in orders, according to the Pentagon.To contact the reporter on this story: Jennifer Jacobs in Washington at jjacobs68@bloomberg.netTo contact the editors responsible for this story: Bill Faries at wfaries@bloomberg.net, ;Alex Wayne at awayne3@bloomberg.net, Laurie Asséo, Justin BlumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Lockheed Martin gets $24M add-on to Air Force contract
    American City Business Journals2 days ago

    Lockheed Martin gets $24M add-on to Air Force contract

    Lockheed Martin Corp. snagged a big contract to support an ongoing deal with the U.S. Air Force. The Bethesda, Maryland-based defense contracting giant's Missiles & Fire Control business unit in southwest Orlando won a $23.6 million deal to finance operations to develop the Air Force's Joint Air-to-Surface Standoff Missile (JASSM), according to the U.S. Department of Defense. This was an add-on to a previously awarded $51.1 million contract dating back to September 2018, making the total current contract value worth more than $74 million.

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    Trump Balks At Turkey Sanctions Despite U.S. Law On Russian Weapons

    President Trump said Thursday his administration isn't looking at imposing economic sanctions on Turkey now, despite a law that requires penalties for increasing reliance on Russian weapons.

  • What Turkey's ousting from Lockheed Martin's F-35 program means for DFW
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    What Turkey's ousting from Lockheed Martin's F-35 program means for DFW

    Turkey's ousting from the F-35 program eliminates a customer and forces supply chain alternations for Lockheed Martin.

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  • Reuters2 days ago

    Trump says no decision yet on Turkey sanctions over its Russian purchase

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  • Ivanka Trump recommits to visit Lockheed Martin in Colorado
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    Ivanka Trump recommits to visit Lockheed Martin in Colorado

    Ivanka Trump will visit the Lockheed Martin Corp. (NYSE: LMT) campus in Littleton next week for a roundtable discussion, according to the White House. On Monday, she will join Lockheed Martin executives and employees, including Marillyn Hewson, chairwoman, president and CEO, for the discussion about workforce development and apprenticeship programs in Colorado, as well as across the United States. Trump was scheduled to visit Lockheed Martin May 8, but that visit was postponed following the deadly shooting at STEM School Highlands Ranch.

  • DFW unit of Lockheed Martin snags nearly $500M award for rocket launcher on wheels
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    DFW unit of Lockheed Martin snags nearly $500M award for rocket launcher on wheels

    The High Mobility Artillery Rocket Systems, commonly referred to as HIMARS, will be delivered by 2022 to the U.S. Army, U.S. Marine Corps, Romania and Poland.

  • Reuters2 days ago

    UPDATE 2-Turkish defence firms set to lose billions after F-35 removal

    Turkish defence companies helping to build F-35 stealth fighter jets are set to lose work worth billions of dollars after Washington said it was removing Turkey from the programme over its purchase of a Russian missile defence system. Eight Turkish firms have been involved in producing the advanced fighter jets, supplying hundreds of items including parts for cockpit display systems and landing gear, on contracts the Pentagon said would have been worth $9 billion over the course of the programme. The head of Turkey's Defence Industry Directorate acknowledged on Thursday that the U.S. decision to move the work elsewhere - and the potential for additional U.S. sanctions - would be a setback for those companies.

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  • Reuters2 days ago

    PRESS DIGEST - Bulgaria - July 18