|Bid||327.00 x 800|
|Ask||328.14 x 1100|
|Day's Range||326.06 - 330.04|
|52 Week Range||291.52 - 363.00|
|Beta (3Y Monthly)||0.77|
|PE Ratio (TTM)||36.68|
|Forward Dividend & Yield||8.80 (2.64%)|
|1y Target Est||N/A|
President Donald Trump on Friday is scheduled to meet the chief executives of Lockheed Martin Corp. , Boeing Co. , Northrop Grumman Corp. and General Dynamics Corp. to discuss their supply chains, according to a Reuters report that cited people familiar with the meeting plans. The meeting will take place at Luke Air Force Base in Arizona, and on the table is a discussion about ways the companies can source more parts and materials domestically, the report said. Trump is scheduled to be on a tour and participate in a roundtable at the base on Friday, according to the White House.
U.S. President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts and materials domestically, people familiar with the meeting said on Friday. This is the second presidential meeting in as many weeks for executives from Lockheed Martin Corp (LMT.N), Boeing Co (BA.N), Northrop Grumman Corp (NOC.N) and General Dynamics Corp (GD.N) to discuss their supply chains, also referred to as their industrial base. During the roll out of the Defense Industrial Base Review on Oct. 5, executives from the four defense firms were invited to the Oval office for a meeting that turned into a 90 minute discussion with Trump, according to sources familiar with the meeting.
The Canadian government on Friday said Lockheed Martin Corp would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C$60 billion ($46 billion). The ministries of procurement and defense said Ottawa and Irving Shipbuilding, a Canadian firm which will actually build the vessels, had identified Lockheed Martin Canada as the "preferred bidder to provide the design and design team." The ministries said in a joint statement that Lockheed Martin would have to go through a due diligence process before a contract was awarded later this year. Last year, Defence Minister Harjit Sajjan said Canada would spend between C$56 billion and C$60 billion on 15 ships to be known as Canadian Surface Combatants.
The Canadian government on Friday said Lockheed Martin Corp (LMT.N) would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C$60 billion ($46 billion). The ministries said in a joint statement that Lockheed Martin would have to go through a due diligence process before a contract was awarded later this year. Last year, Defence Minister Harjit Sajjan said Canada would spend between C$56 billion and C$60 billion on 15 ships to be known as Canadian Surface Combatants.
J.P. Morgan's Silicon Valley office in Palo Alto will house more than 1,000 employees. The building is being erected at Stanford Research Park on a plot of land that formerly housed Lockheed Martin. Palo Alto is among the most expensive real estate markets in the country, with asking rents three times the national average, according to JLL.
While the space agency may take a bit longer to send astronauts on a trip around the moon, it is working quickly to ship technology there.
Belgium is likely to decide which fighter jet to buy to replace its ageing F-16s by the end of this month, several sources have told Reuters, and industry experts expect it to pick Lockheed Martin's F-35 over the Eurofighter Typhoon. Washington extended the terms of the F-35 bid for 34 fighter jets by two weeks through Oct. 31 at Brussels' request, U.S. sources said, adding that any further delay would trigger changes in pricing. "The Belgian competition is the F-35's to lose," said Harry Breach, London-based analyst for Raymond James, noting that Belgium already flew the F-16 fighter, also built by Lockheed.
Controversy surrounding the suspected killing of journalist Jamal Khashoggi is unlikely to derail the multibillion-dollar relationship that makes Saudi Arabia a top customer of U.S. defense firms, said industry executives and analysts. The U.S. and Saudi Arabian governments have a long record of negotiating contracts that can take years to reach fruition. President Trump last year heralded nearly $110 billion in potential deals during a trip to Saudi Arabia in May 2017.
In the latest trading session, Lockheed Martin (LMT) closed at $328.12, marking a -1.58% move from the previous day.
Following the U.S. Air Force's recent cluster of defense contracts, aerospace firms are hiring more local workers.
There’s a new military defense powerhouse on the block expected to bring more work and high-wage jobs to the region, thanks to the marriage of Central Florida’s second-largest tech firm to another industry giant. Melbourne-based Harris Corp. (NYSE: HRS) and New York-based L3 Technologies Inc. (NYSE: LLL) on Oct. 14 announced plans to merge by mid-2019, creating the defense industry’s largest deal ever. The new merged company, L3 Harris Technologies Inc., will be based in Melbourne.
Strong contribution from segments, lower share count and ability to win consistent contracts will drive Lockheed Martin's (LMT) Q3 earnings.
Wall Street expects Honeywell (HON) to report revenue of $10.75 billion in Q3 2018, representing a 6.2% increase over Q3 2017 when it reported revenue of $10.12 billion. If it manages to meet expectations, it will achieve its highest third-quarter revenue ever, which would imply a CAGR (compound annual growth rate) of 2.2% for the third quarter since 2013. The continued demand for the solstice products is considered to be the major revenue driving factor in Honeywell’s third quarter.
Lockheed (LMT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The system is the backbone of the Missile Defense Agency’s work protecting the U.S. from a ballistic missile attack and the centerpiece of a $784 million contract.
The second half of October will be filled with a couple of rocket launches from Florida's Space Coast. United Launch Alliance LLC will send up its Atlas V rocket from Cape Canaveral Air Force Station's Launch Complex 41 on Oct.
Lockheed (LMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Zacks Analyst Blog Highlights: Amazon, Broadcom, Lockheed Martin, Procter & Gamble and American Electric
The defense contractors agreed to a merger that will form one of the industry’s largest players, a $33.5 billion behemoth to challenge weapons makers such as Raytheon Co. and Northrop Grumman Corp. With product lines spanning communications and electronics, the newly formed L3 Harris Technologies Inc. is poised to capitalize on military spending increases under U.S. President Donald Trump. “This looks to be a special transaction capable of catapulting both companies into the defense big league,” Carter Copeland, an analyst at Melius Research, said in a note Monday.
More than 80 percent of Lockheed Martin Co-made F-35 fighter jets in the United States and around the world have cleared engine inspections and are now approved for flights, the Pentagon said on Monday. Last week, all U.S. and international F-35 fighter jets made by Lockheed Martin were grounded so that fuel tubes could be examined. The Pentagon said it is working closely with United Technologies Corp's Pratt & Whitney, the maker of the F-35's engine, to rapidly procure more parts to minimize the time it will take for remaining repairs.
Stocks in the Zacks Aerospace sector are expected to exhibit year-over-year earnings growth of 16.6% on 6.5% revenue growth in the third quarter
U.S. President Donald Trump said on Saturday the United States would be "punishing" itself by halting military sales to Saudi Arabia even if it is proven that Saudi journalist Jamal Khashoggi was killed inside the country's consulate in Istanbul. Turkey's government believes he was deliberately killed inside the building and his body removed. Trump has forged closer ties with Saudi Arabia and is under international and domestic pressure to help determine what happened to Khashoggi and punish Saudi Arabia if investigations show its government had him killed.
It may be hard to find good help these days, but for some companies, they're a little more attractive to job seekers. Yahoo Finance's Alexis Christoforous, Sibile Marcellus, Julia La Roche and Scott Gamm discuss.