LMT - Lockheed Martin Corporation

NYSE - NYSE Delayed Price. Currency in USD
+3.15 (+0.72%)
At close: 4:05PM EST
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Previous Close434.70
Bid437.80 x 1200
Ask438.74 x 1100
Day's Range434.31 - 438.47
52 Week Range292.53 - 442.53
Avg. Volume1,091,837
Market Cap123.446B
Beta (5Y Monthly)0.93
PE Ratio (TTM)19.95
EPS (TTM)21.95
Earnings DateApr 20, 2020 - Apr 26, 2020
Forward Dividend & Yield9.60 (2.21%)
Ex-Dividend DateFeb 27, 2020
1y Target Est461.22
  • Darryll Pines is quick with a dad joke. But he’s serious about growing UMd.'s business ties.
    American City Business Journals

    Darryll Pines is quick with a dad joke. But he’s serious about growing UMd.'s business ties.

    Incoming University of Maryland President Darryll Pines may describe himself as a bit of a joker — but he is serious about building out the school’s tech and startup ecosystems. The press conference, held in The Hotel at the University of Maryland, would literally have not been possible without outgoing President Wallace Loh, said University System of Maryland Chancellor Jay Perman in a speech introducing Pines.

  • HM Dunn goes all-in on Wichita
    American City Business Journals

    HM Dunn goes all-in on Wichita

    HM Dunn AeroSystems Inc. is betting on Wichita as the best place to be to meet growing customer demand and prepare for other growth opportunities. Company CEO Phil Anderson tells the WBJ that the supplier, after having consolidated a plant in St. Louis two years ago and bringing the work to Wichita, is now doing the same with its plant in Fort Worth. “We’re bringing the best of HM Dunn to our customers,” he says.

  • Why Lockheed Martin (LMT) is a Top Dividend Stock for Your Portfolio

    Why Lockheed Martin (LMT) is a Top Dividend Stock for Your Portfolio

    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.

  • 3 Defense Stocks for Geopolitical Turmoil

    3 Defense Stocks for Geopolitical Turmoil

    When tensions arise between nations, markets get rattled but one sector often holds up amid the saber-rattling. For those of us anticipating more posturing, recriminations and other breaches of the peace, a position in defense stocks might be as reliable a wager as any.To help you pick the best of the best defense stocks, I'll present to you a selection of U.S.-focused large-cap companies that provide not only a dividend while you wait for a crisis to erupt, but strong potential for upside when turmoil arises.Notably absent from this list of defense stocks to consider will be Boeing (NYSE:BA), which just announced that it received zero plane orders in January. This is not a good sign, so I'll be looking elsewhere for my defense-sector picks today.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 Without further ado, let's go on the offensive with three defense stocks to consider adding to your holdings. Defense Stocks to Buy: Lockheed Martin (LMT)Source: Ken Wolter / Shutterstock.com When Boeing just won't do, Lockheed Martin (NYSE:LMT) will do just fine.In fact, I would assert that it's the better buy at the moment. A respectable 2.18% annual dividend payout and a price-to-earnings ratio of 19.89 add up to a perfectly reasonable buy-and-hold, even when geopolitical tensions aren't running hot.In contrast to the dismal news for Boeing, Lockheed Martin just landed a sweet $347 million deal with the U.S. Navy to ramp up a defense program in Orlando. Lockheed has something akin to a love affair going on with Orlando, it seems, as the company intends to employ 9,000 workers in the vicinity by 2023 and just shipped its third GPS III satellite to Cape Canaveral. Evidently the home of Disneyland is also the epicenter of Lockheed's business activity, which is fine with me, as long as they're making money. Northrop Grumman (NOC)Source: Shutterstock Rising tensions mean that it's time to get bullish on firms with Pentagon connections, and Northrop Grumman (NYSE:NOC) fits squarely into that category. In fact, this company participates in Pentagon contracts involving the F-35 stealth fighter and the world-famous B-21 stealth bomber, and Northrop is seeking to add more Pentagon deals to its fiscal arsenal.There's a Lockheed connection here, as Northrop Grumman serves as a subcontractor on Lockheed Martin's powerful F-35 fighter aircraft model. Not only that, but Northrop also produces the Global Hawk drone and enhanced its market footprint in the space race in 2018 when the company acquired Orbital ATK. * 7 Exciting Stocks to Buy for Aggressive Investors These plum deals, coupled with a 1.43% annualized dividend yield, should place NOC front-and-center in any well-rounded defense-niche portfolio. L3Harris Technologies (LHX)Source: Shutterstock This final pick might have a funny name, but L3Harris Technologies (NYSE:LHX) is serious business with a 1.32% annual dividend yield and a multimillion-dollar contract with the U.S. Air Force to develop an artificial-intelligence (AI) software platform. Since AI is the latest frontier in defense technology, L3Harris is in the right place at the right time to capitalize on America's need to compete with other nations in this area.The partnership with the Air Force might not end there, however, as L3Harris recently passed the preliminary design review phase as the company seeks the opportunity to develop the Navigation Technology Satellite-3 (NTS-3) program. As L3Harris Space and Airborne Systems President explains:"We have moved from contract award to finishing an early design review in under one year, which is an amazing accomplishment for a satellite development program that normally takes twice that amount of time … We have proven we can move quickly to support the Air Force's go-fast mission requirements."Given these exciting developments, I wouldn't be at all surprised if LHX stock has a "go-fast" moment as the defense sector gears up for a potentially turbulent -- and lucrative -- 2020.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post 3 Defense Stocks for Geopolitical Turmoil appeared first on InvestorPlace.

  • Reuters

    Trump administration taking $3.8 billion more from military for Mexico border wall

    The U.S. Defense Department sent Congress a request to shift nearly $4 billion from the military budget to pay for a wall on the border with Mexico, a central promise of President Donald Trump's campaign for the White House four years ago and bid this year for a second term. Lawmakers said they received a request on Thursday to reprogram more than $3.8 billion from funding for the National Guard and weapons programs, setting the stage for a possible confrontation with Democrats. Democratic aides said $1.5 billion would come from the National Guard, and the rest from funds for procurement, including the Lockheed Martin Corp F-35 fighter jet program, Lockheed C-130 aircraft, Boeing Co P-8 Poseidon aircraft, Bell Boeing V-22 Osprey helicopters and shipbuilding.

  • GlobeNewswire

    NASA’s Artemis I Progresses Toward Launch

    The flight hardware has been built, the launch facilities are ready, and NASA and its industry partners are checking off final milestones for the launch that will put America on the path to landing the first woman and next man on the Moon. The Artemis I mission – the culmination of work by people across the country in support of the Space Launch System (SLS), Orion and Exploration Ground System (EGS) programs – will preserve the nation’s leadership in human space exploration and set the U.S. on a new journey to explore deep space.

  • PR Newswire

    Lockheed Martin Chairman, President and CEO to Speak at Citi's 2020 Global Industrials Conference

    Lockheed Martin (NYSE: LMT) will webcast live a presentation by Chairman, President and Chief Executive Officer (CEO) Marillyn Hewson at Citi's 2020 Global Industrials Conference on Wednesday, Feb. 19, 2020, from 8:45 a.m. to 9:25 a.m. EST.

  • 6th Generation Fighter Development To Ramp Up At Air Force, Navy
    Investor's Business Daily

    6th Generation Fighter Development To Ramp Up At Air Force, Navy

    The Air Force and Navy plan to accelerate funding for 6th generation fighter development and seek to mothball or cut short existing fighter programs to do it.

  • Tariff Hurts Aerospace-Defense Stocks, Passenger Growth Aids

    Tariff Hurts Aerospace-Defense Stocks, Passenger Growth Aids

    Tariff Hurts Aerospace-Defense Stocks, Passenger Growth Aids

  • American City Business Journals

    Lockheed lands $347M deal to ramp up local defense program

    Lockheed Martin Corp. secured a $347 million modification to a U.S. Navy contract with local work, the Department of Defense announced Feb. 7. The contract is for the procurement of long lead materials that will enable Lockheed to stay on track for the delivery of 43 F-35 aircraft. Ten percent of the work will happen in Orlando, and it’s expected to wrap up in December 2023.

  • Reuters

    Virus fears, China diplomacy loom over Singapore Airshow

    Singapore kicked off Asia's largest aerospace event under heightened scrutiny on Tuesday as thousands of visitors shunned the Singapore Airshow over coronavirus fears, while all eyes were on a sensitive fly-off between U.S. and Chinese fighters. The United States brings F-35B to Singapore a month after it approved sale of 12 jets to the city-state.

  • Aerospace and Defense ETFs Gain Despite Mixed Q4 Earnings

    Aerospace and Defense ETFs Gain Despite Mixed Q4 Earnings

    Let's take a look at some ETFs with exposure to major players in the U.S. Aerospace and Defense industry, post their Q4 earnings release.

  • Next-Gen F-15 Fighters Get Boost While F-35s Cut In Pentagon Budget Request
    Investor's Business Daily

    Next-Gen F-15 Fighters Get Boost While F-35s Cut In Pentagon Budget Request

    The Pentagon wants to buy more of Boeing's next-gen F-15 fighter jets in its 2021 budget request, but less money is earmarked for the Northrop B-21 and Lockheed F-35.

  • Reuters

    Trump's Pentagon budget bolsters nuclear weapons, weapons research

    U.S. President Donald Trump's $740.5 billion defense budget request sent to Congress on Monday includes more money for nuclear weapons and a big boost to research and development spending to prepare for future warfare. The defense spending request contains the Pentagon's largest research and development budget in 70 years, a senior defense official said, as the military aims to build next generation capabilities to counter the growing strength of China and Russia. Within the Pentagon's competing priorities, the request for nuclear weapons modernization funds rose 18% compared to last year or $29 billion extra dollars, a second senior defense official said.

  • Centennial-based ULA launches probe to the sun
    American City Business Journals

    Centennial-based ULA launches probe to the sun

    An Atlas V rocket made by Centennial-based United Launch Alliance blasted off from Cape Canaveral Space Force Station on Feb. 9, carrying a science probe destined to study the polar regions of the sun. The 182-foot-tall launch vehicle launched the Solar Orbiter probe successfully, notching the rocket company’s first launch of 2020 and its 137th consecutive successful mission. The Solar Orbiter is a joint research project of NASA and the European Space Agency designed to orbit the sun and work with NASA’s Parker Solar Probe, launched by ULA in 2018, to reveal never-before-seen parts of the star and broaden human understanding of its solar system.

  • Coronavirus update: 910 deaths, 40,000 sickened, companies withdraw from global conferences

    Coronavirus update: 910 deaths, 40,000 sickened, companies withdraw from global conferences

    There are now 40,484 confirmed coronavirus cases and 910 deaths, according to figures released Monday by the World Health Organization.

  • Exclusive: India readying $2.6 billion U.S. naval helicopter deal ahead of Trump trip

    Exclusive: India readying $2.6 billion U.S. naval helicopter deal ahead of Trump trip

    India is set to give final approval to a $2.6 billion deal for military helicopters from U.S. defence firm Lockheed Martin ahead of a visit by U.S. President Donald Trump this month, defence and industry sources said. Prime Minister Narendra Modi's government is trying to pull out all the stops for Trump's trip in a bid to reaffirm strategic ties between the two countries, which have been buffeted by sharp differences over trade, to counter China. India's defence purchases from the United States have reached $17 billion since 2007 as it has pivoted away from traditional supplier Russia, looking to modernise its military and narrow the gap with China.

  • American City Business Journals

    Why Lockheed’s $100K investment is just the start

    The Lockheed Martin Invests: Orlando initiative is a call for local tech companies to submit proposals and compete for $100,000 to execute research and development projects.

  • PR Newswire

    Third Lockheed Martin-Built GPS III Satellite Delivered to Cape Canaveral for First U.S. Space Force GPS III Launch in April

    The nation's third next-generation GPS III satellite – and the first delivered by Lockheed Martin (NYSE:LMT) to the new U.S. Space Force -- has arrived in Florida for an expected April launch.

  • Reuters

    Airlines face growth warning as virus curtails Singapore Airshow

    Asian airlines face "drastic" cuts in their planned growth because of the coronavirus crisis, an industry group warned, adding gloom to an already depleted Singapore Airshow as more companies scaled back plans on Monday. The Singapore Airshow from Feb. 11 to 16 is proceeding, but the exhibition centre is pockmarked with empty spaces that would have held displays from Chinese companies and others skipping the show because of the epidemic, which has killed more than 900 people. More than 70 exhibitors, including major U.S. defence firms Lockheed Martin Corp and Raytheon Co have pulled out over concerns related to the new coronavirus.

  • Reuters

    CORRECTED-WRAPUP 9-American dies of coronavirus in China; five Britons infected in French Alps

    A 60-year-old American has died of the new coronavirus, the first confirmed non-Chinese death of the illness, U.S. officials said, as millions of Chinese began returning home after a Lunar New Year break that was extended to try to contain the outbreak. While the vast majority of cases have been in China, the virus has spread to some two dozen countries abroad, including five British nationals infected in a French mountain resort. The American died on Thursday in Wuhan, epicentre of the virus outbreak in the central Chinese province of Hubei, a U.S. embassy spokesman said in Beijing on Saturday.

  • Reuters

    Pentagon official, Lockheed Martin pull out of Singapore Airshow as virus alert level raised

    WASHINGTON/SINGAPORE (Reuters) - The Pentagon shrunk the size of its delegation traveling to the Singapore Airshow and U.S. defence firms Lockheed Martin Corp and Raytheon Co said they would not attend, as the impact of the coronavirus has reduced participation in the event. Both had been due to send some of their most senior executives to Asia's largest aviation and defence event before Singapore on Friday raised its alert level for the coronavirus outbreak to orange, the same level reached during the 2003 Severe Acute Respiratory System (SARS) pandemic.

  • Lockheed Martin drops out of Singapore Airshow over coronavirus concerns

    Lockheed Martin drops out of Singapore Airshow over coronavirus concerns

    U.S. weapons maker Lockheed Martin Corp said on Friday it will not participate in next week's Singapore Airshow over coronavirus concerns. "Following the Singapore Ministry of Health's Feb. 7 declaration of a Code Orange health alert, we consulted with the U.S. government and our medical teams and decided not to participate in the Singapore Airshow," the company said in a statement. "We determined this was in the best interest of our employees and aligned with the U.S. Department of Defense's decision to reduce its presence," it said.

  • Triumph Group (TGI) Beats on Q3 Earnings, Tweaks EPS View

    Triumph Group (TGI) Beats on Q3 Earnings, Tweaks EPS View

    Triumph Group's (TGI) fiscal Q3 sales of $704.7 million outpace the Zacks Consensus Estimate by 4.4% but decline 12.8% on a year-over-year basis.