LMT - Lockheed Martin Corporation
400.90 0.00 (0.00%)
After hours: 7:01PM EST
| Previous Close | 400.36 |
| Open | 400.31 |
| Bid | 395.40 x 900 |
| Ask | 400.90 x 1100 |
| Day's Range | 399.34 - 410.52 |
| 52 Week Range | 292.53 - 442.53 |
| Volume | 1,608,978 |
| Avg. Volume | 1,108,460 |
| Market Cap | 113.029B |
| Beta (5Y Monthly) | 0.93 |
| PE Ratio (TTM) | 18.26 |
| EPS (TTM) | 21.95 |
| Earnings Date | Apr 20, 2020 - Apr 26, 2020 |
| Forward Dividend & Yield | 9.60 (2.40%) |
| Ex-Dividend Date | Feb 27, 2020 |
| 1y Target Est | 461.22 |
- Zacks
The Zacks Analyst Blog Highlights: Lockheed Martin, Northrop Grumman, Raytheon and Boeing
The Zacks Analyst Blog Highlights: Lockheed Martin, Northrop Grumman, Raytheon and Boeing
- American City Business Journals
Atlanta packaging giant adds familiar face to its new-look board
Veritiv Corp.'s new-look board of directors includes a familiar face. The Atlanta-based packaging company said Tuesday it appointed Shantella (Shan) E. Cooper to its current 10-person board, joining the Compensation and Leadership Development, and Nominating and Governance committees. The pair will, in essence, replace two retiring board members: John Zillmer, who was named CEO of Aramark in October, and another who is reaching the company's stated age limit as of April, according to a company spokesperson.
- Reuters
Canada's protracted fighter jet procurement race hits new delay
Canada's protracted effort to buy 88 new fighter jets hit a new delay on Tuesday when the government granted potential bidders another three months to submit their proposals. Canadian governments of various stripes have been trying for well over a decade to replace a fleet of ageing Boeing Co CF-18 jets, some of which are more than 40 years old. In December 2017, Canada announced it would buy a fleet of older Australian F-18 jets to help keep the air force operational until the new planes start arriving in 2025.
- Zacks
US-India Set to Strike Defense Deal: Stocks to Watch
The United States and India are paving the way for a slew of military deals worth $3 billion, which in turn, might boost American defense contractors.
- Investor's Business Daily
You Can't Buy SpaceX Yet But These Space Stocks Are Up For Grabs
Space stocks like Boeing and upstart space companies like SpaceX are working to return astronauts to the moon and beyond.
- Investor's Business Daily
India To Buy $3 Billion In U.S. Weapons But This Key Deal Awaits
India will sign $3 billion in military deals with the U.S. as Boeing and Lockheed Martin remain in a fight to win a fighter jet deal.
ReutersCrowds gather to greet Trump hours before he lands in India
Crowds were lining up outside a giant stadium in western India on Monday ahead of U.S. President Donald Trump's first visit to the country during which the two sides will aim to reset relations that have been buffeted by a trade spat. Modi, who has built a personal rapport with Trump, is pulling out the stops for Trump's visit even though a trade deal that Washington was pushing for has run into problems. The rally in Ahmedabad will be a larger version of the "Howdy Modi" rally that Trump and Modi jointly appeared at in Houston to a jubilant crowd of 50,000 Indian Americans last year, where Trump likened Modi to Elvis Presley for his crowd-pulling power.
- Simply Wall St.
Lockheed Martin Corporation (NYSE:LMT) Passed Our Checks, And It's About To Pay A US$2.40 Dividend
Lockheed Martin Corporation (NYSE:LMT) stock is about to trade ex-dividend in 4 days time. Ex-dividend means that...
- American City Business Journals
Firm takes aim at $21M weapons deal with local work
A defense giant has scored a big local contract, and it’s hiring for more than 100 positions in Central Florida. Arlington, Virginia-based Leonardo DRS won a $21 million U.S. Army contract, the Department of Defense announced Feb. 19. The contract was awarded to the company’s Melbourne-based division, DRS Network & Imaging Systems LLC. The company will provide chargers, computers and displays for the Digital Fire Control System, used by the Army as an internal positioning unit for its Howitzer artillery weapon.
- Reuters
India set to dazzle Trump with pomp and circumstance as trade rows fester
NEW DELHI/WASHINGTON, Feb 21 (Reuters) - U.S. President Donald Trump will be accorded the biggest public reception given to any foreign leader in years during his visit to India beginning on Monday, officials say, one that could help paper over the two countries' growing friction over trade. Close political and security partners, India and the United States have hit each other with retaliatory tariffs. Over the past month they have engaged in intense negotiations to produce a mini trade deal, but officials say it remains elusive.
- PR Newswire
Sikorsky Receives Second Contract to Build Presidential Helicopters
Sikorsky, a Lockheed Martin company (NYSE: LMT), will build six production VH-92A® Presidential Helicopters under a contract from the U.S Navy. These helicopters are part of the 23 aircraft program of record for the U.S. Marine Corps.
- PR Newswire
Lockheed Martin and Guardtime Federal Join Forces to Thwart Software Cyber Threats
Lockheed Martin (NYSE: LMT) and Guardtime Federal are working together to mitigate cyber threats across Lockheed Martin Aeronautics' software supply chain by integrating immutable digital integrity into architecture supporting research, design, development, manufacturing, integration and sustainment of its advanced products and services.
- Simply Wall St.
Does Lockheed Martin Corporation (NYSE:LMT) Have A Good P/E Ratio?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- PR Newswire
Lockheed Martin's Most Advanced Mobile Communications Satellite Launches
Lockheed Martin's (NYSE: LMT) third satellite based on the modernized LM 2100™ bus launched from the Guiana Space Center in French Guiana aboard an Ariane 5 rocket and is traveling to its transfer orbit for a series of in-orbit tests before operations are handed over to Sky Perfect JSAT Corporation (TYO: 9412). JCSAT-17 will provide flexible mobile communications services to users in Japan and the surrounding region.
- American City Business Journals
Why this local industry is best-positioned for the future
Central Florida military contract work produced a large economic impact in 2018, according to a recent study.
- Reuters
Austria widens investigation into Eurofighter deal
Austrian prosecutors said on Tuesday they have widened their fraud investigation in connection with a $2 billion Eurofighter jet purchase following a whistleblower's tip in December. The prosecutors launched investigations into Airbus and the Eurofighter consortium in February 2017 after the defence ministry said it believed they had misled the state about the price, deliverability and equipment of the 2003 deal. Airbus and the consortium, which includes Britain's BAE Systems and Italy's Leonardo, have denied the accusations.
- PR Newswire
LONGBOW LLC Secures Contract for Up to $235.8 Million for Fire Control Radar Sustainment Work
The U.S. Army recently awarded LONGBOW Limited Liability Company (LBL), a joint venture of Lockheed Martin (NYSE: LMT) and Northrop Grumman Corporation (NYSE: NOC), a five-year sustainment indefinite delivery/indefinite quantity (IDIQ) contract for up to $235.8 million to provide post production support services for the AH-64 Apache helicopter AN/APG-78 LONGBOW Fire Control Radar (FCR) to international customers.
- PR Newswire
U.S. Air Force, Lockheed Martin, Collins Aerospace Complete U-2 SYERS-2C Upgrades, Enhancing the Dragon Lady's Imaging Capability
The U.S. Air Force, Collins Aerospace Systems, a unit of United Technologies (NYSE: UTX), and Lockheed Martin Skunk Works® (NYSE: LMT) recently completed flight testing and deployment of the latest variant of the Collins Aerospace Senior Year Electro-Optical Reconnaissance System (SYERS) sensor, SYERS-2C, on the U-2. With this milestone, the entire U-2 fleet has been upgraded to the premier electro-optical/infrared sensor capability which provides increased optical performance and highly accurate long-range tracking for superior threat detection in a wider range of weather conditions.
- 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.
- 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.
- Zacks
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.
- InvestorPlace
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.
