LMT - Lockheed Martin Corporation

NYSE - NYSE Delayed Price. Currency in USD
388.25
-5.18 (-1.32%)
At close: 4:09PM EDT
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Previous Close393.43
Open394.49
Bid387.10 x 1000
Ask390.05 x 1000
Day's Range388.05 - 395.44
52 Week Range241.18 - 399.96
Volume1,083,966
Avg. Volume1,087,165
Market Cap108.644B
Beta (3Y Monthly)1.18
PE Ratio (TTM)18.92
EPS (TTM)20.52
Earnings DateOct 21, 2019 - Oct 25, 2019
Forward Dividend & Yield8.80 (2.24%)
Ex-Dividend Date2019-08-30
1y Target Est395.53
Trade prices are not sourced from all markets
  • U.S. Orders Defensive Boost to Mideast After Saudi Attacks
    Bloomberg

    U.S. Orders Defensive Boost to Mideast After Saudi Attacks

    (Bloomberg) -- The U.S. will send a “moderate” number of American troops to the Middle East and additional missile defense capabilities to Saudi Arabia in response to last weekend’s attack on oil facilities, top Pentagon officials said.Secretary of Defense Mark Esper said Friday that the decision came at the request of Saudi Arabia and the United Arab Emirates and represented a “first step” in the U.S. response. He reiterated U.S. statements that evidence collected to date shows Iran was responsible for the attacks. The briefing by Esper and General Joseph Dunford, chairman of the Joint Chiefs of Staff, followed a meeting of national security officials at the White House.“Iran is waging a deliberate campaign to destabilize the Middle East,” Esper told reporters at the Pentagon. He added that the U.S. has shown “great restraint” in responding so far, but called the strike on Saudi Aramco facilities on Saturday a “dramatic escalation.”Esper and Dunford are still deciding on the specific number of troops and weapons systems but said the personnel deployment will be relatively small, not numbering in the thousands, and that more details would be forthcoming.Read More: Trump Announces Sanctions on Iran Central Bank for Saudi AttackIn addition to the U.S. missile defense assistance, Esper said “we are calling on many other countries who all have these capabilities to do two things -- stand up and condemn these attacks” and also contribute equipment.U.S. and Saudi analyses of the attack have described the strike as complex, involving a mix of low-flying drones and cruise missiles coming from the north. The attack exposed glaring vulnerabilities in Saudi Arabia’s defense capabilities despite having spent hundreds of billions of dollars on weaponry in recent years.Saudi Arabia has already taken delivery of Patriot-3 hit-to-kill missiles bought years ago and designed to defend against cruise and ballistic missiles. The kingdom earlier this year finalized a long-sought after contract for Lockheed Martin Corp.’s Thaad missile interceptors designed to intercept ballistic missiles at higher altitudes. It’s not known whether any Thaad batteries have been delivered.Swarms of Drones“No single system is going to be able to defend against a threat like” the combination of systems launched against Saudi Arabia last week, Dunford said. “But a layered system of defensive capabilities would mitigate the risk of swarms of drones or other attacks that may come from Iran.”During a news conference earlier on Friday, President Donald Trump signaled he’s trying to avoid a military conflict. Trump campaigned in 2016 on getting the U.S. out of Mideast conflicts and he’s repeatedly criticized the second U.S. invasion of Iraq.“I will say I think the sanctions work, and the military would work,” Trump told reporters. “But that’s a very severe form of winning.”After Houthi rebels in Yemen claimed credit for the strike, Saudi and U.S. officials said that the drones and missiles used were made by Iran, had never before been deployed by Iranian proxy groups, and came from a northerly direction, ruling out Yemen as a launch site. Secretary of State Michael Pompeo has repeatedly said Iran was responsible for the attack.The Blame GameAs tensions surged, Iranian Foreign Minister Mohammad Javad Zarif warned that any U.S. or Saudi strike on his country in response to the attacks on the kingdom’s critical oil facilities would lead to “all-out war.” “I know that we didn’t do it,” he told CNN.He later said in a post on Twitter that it was “curious” the Saudis “retaliated” against Yemen when Iran was blamed for the attacks. “It is clear that even the Saudis themselves don’t believe the fiction of Iranian involvement.”Pompeo returned early Friday from a two-day trip to Saudi Arabia and the U.A.E., saying he wanted to begin building a coalition that would organize a response to Iran. On Friday the Treasury Department announced it is sanctioning Iran’s central bank and sovereign wealth fund, a move aimed at squelching any remaining trade the country conducts with Europe and Asia.(Adds comment from Iran’s foreign minister in the penultimate paragraph.)\--With assistance from Dana El Baltaji.To contact the reporters on this story: Tony Capaccio in Washington at acapaccio@bloomberg.net;Glen Carey in Washington at gcarey8@bloomberg.netTo contact the editors responsible for this story: Bill Faries at wfaries@bloomberg.net, Kevin WhitelawFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Hypersonic Weapons Program At Risk Due To Budget Fight
    Investor's Business Daily

    Hypersonic Weapons Program At Risk Due To Budget Fight

    A budget war in Congress could put one of the Pentagon's hypersonic weapons programs at risk, including one that includes Lockheed Martin and Raytheon.

  • The First Drone Of Its Kind For The Navy Marks Huge Milestone
    Investor's Business Daily

    The First Drone Of Its Kind For The Navy Marks Huge Milestone

    The Boeing MQ-25 Stingray, the first Navy drone for aerial-refueling, made its first flight on Thursday.

  • Lockheed Martin Aeronautics leader undergoes medical treatment; F-35 head steps in
    American City Business Journals

    Lockheed Martin Aeronautics leader undergoes medical treatment; F-35 head steps in

    The head of the F-35 program will step in for Michele Evans, executive vice president of Lockheed Martin Aeronautics, as she undergoes medical treatment.

  • Elon Musk's SpaceX Could Become Aerospace Giant Worth $120 Billion
    Investopedia

    Elon Musk's SpaceX Could Become Aerospace Giant Worth $120 Billion

    A new Morgan Stanley report outlines how the aerospace company could disrupt the global internet industry with 12,000 satellites.

  • Northrop Grumman Stock Tests Buy Point As Big Pentagon Deals Look To Pay Off
    Investor's Business Daily

    Northrop Grumman Stock Tests Buy Point As Big Pentagon Deals Look To Pay Off

    Northrop Grumman briefly entered buy range as the defense contractor has its hands in major Pentagon deals including the B-21 bomber and F-35 fighter.

  • Why Expendable Planes May Be Key To Countering China In The Pacific
    Investor's Business Daily

    Why Expendable Planes May Be Key To Countering China In The Pacific

    The wide expanse of the Pacific theater makes keeping planes in the air trickier, but a lower-cost Air Force plane could be the answer.

  • American City Business Journals

    Derco Aerospace expansion to connect facilities, grow workforce by 15%

    Derco Aerospace Inc., a subsidiary of Bethesda, Maryland-based defense contractor Lockheed Martin Corp. (NYSE:LMT), broke ground on its new 192,000-square-foot campus Sept. 19.

  • Defense Stocks Set to Gain After Strike on Saudi Oil Facility
    Zacks

    Defense Stocks Set to Gain After Strike on Saudi Oil Facility

    The drone attacks on Saudi oilfields increase the need for Saudi Arabia to strengthen its air defense missile systems. This is good news for U.S. defense majors.

  • Air Force Eyes These Surprising Possibilities For Dropping Bombs
    Investor's Business Daily

    Air Force Eyes These Surprising Possibilities For Dropping Bombs

    The Air Force has studied whether so-called mobility assets like cargo planes could be used to drop bombs, as the service grapples with a shortfall in its bomber fleet.

  • 3 Large-Cap Dividend Stocks to Buy After Fed Cuts Interest Rates for Second Time
    Zacks

    3 Large-Cap Dividend Stocks to Buy After Fed Cuts Interest Rates for Second Time

    We searched, using our Zacks Stock Screener, for large-cap dividend stocks investors might want to buy after the U.S. Federal Reserve cut interest rates for the second time...

  • 2 Defense Stocks With Cheap Options
    Schaeffer's Investment Research

    2 Defense Stocks With Cheap Options

    XAR hit a record high earlier this week

  • Northrop Grumman Wins $57M Deal to Support JCREW Systems
    Zacks

    Northrop Grumman Wins $57M Deal to Support JCREW Systems

    Northrop Grumman's (NOC) JCREW is a software-programmable jammer that provides protection from device-triggered IEDs.

  • 10 Defense Stocks to Buy During Rising Geopolitical Tensions
    InvestorPlace

    10 Defense Stocks to Buy During Rising Geopolitical Tensions

    Editor's note: "10 Defense Stocks to Buy During Rising Geopolitical Tensions" was previously published in June 2019. It has since been updated to include the most relevant information available.Remarkably, the Trump administration has not yet started a war despite multiple geopolitical flash points. On top of the ongoing trade war with China, the U.S. must contend with a number of tense situations. Therefore, defense stocks are particularly relevant now.Initially, this may sound like a strange statement to make. After all, even the most bullish investors will concede that this market rally has overextended itself. Thus, we should welcome a correction to work out some of the excess optimism. Under this environment, the best stocks to buy feature protective elements, such as strong track records of dividend payouts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsObviously, defense stocks primarily take the term protection quite literally. But even though President Trump -- who is typically aggressive with his word choice and blunt with his delivery -- is uncharacteristically quiet about certain geopolitical situations, don't mistake that for an immediately peaceful resolution. We have many problems that will require a big stick, and perhaps the capacity to wield it.For instance, the situation in Iran may soon reach a fever-pitch. Trump opted to hit the country with economic sanctions in response to Iran downing an American military drone.But in response, Iranian President Rouhani called the White House "mentally handicapped." Outraged, Trump threatened to obliterate parts of Iran if they attacked any more American assets. That is just begging for an uptick in defense stocks. * 7 CBD Stocks to Buy That Are Still Worth Your Investment Dollars Iran is just one of several geopolitical flashpoints. And behind each one looms Russia, supporting interests antithetical to our own. Again, this situation is begging for a defense-industry rally. Here are the 10 best stocks to buy in this sector: Lockheed Martin (LMT)Source: Shutterstock Several factors support the robust lift in Lockheed Martin (NYSE:LMT) shares this year. But one of those factors is that among defense stocks, Lockheed Martin represents the military's front face. Most folks are familiar with the company's F-35 Lightning II. However, Lockheed is the backbone for America's squadrons of fighter jets, bombers, and multi-functional aircraft.At this stage, many may feel it's vital for the U.S. to show some muscle, which in turn benefits LMT stock. First, the U.S. has lost significant credibility on the world stage.Our sudden weakness in foreign policy isn't without consequences. Surely, it has inspired Russia to throw its weight around, realizing the penalties for belligerence is minimal. Thus, I like LMT stock to rise higher. Northrop Grumman (NOC)Source: Steve Jurvetson via Flickr (modified)Although seemingly less celebrated than Lockheed Martin in the public space, Northrop Grumman (NYSE:NOC) is no lightweight. In fact, Northrop is one of the most critical defense stocks to buy due to its highly guarded proprietary technologies. That attribute will play a key role, especially in this atmosphere.One of the reasons why I like NOC stock for the long haul is its upcoming B-21 Raider stealth bomber jet. According to the company's information, the B-21 can penetrate the toughest air defenses and strike targets anywhere in the world. The idea that a precision payload can arrive at someone's doorsteps should be a significant deterrent. * 7 Momentum Stocks to Buy On the Dip Ultimately, that's a net positive for NOC stock. Boeing (BA)Source: WikimediaIt's easy to forget that Boeing (NYSE:BA) is actually one of the best stocks to buy in the defense industry. Right now, the main focus is how the company will navigate the minefield that is the Boeing 737 Max jetliner. After two fatal crashes linked to the aircraft's faulty software, BA stock took a beating.But with each passing day, the controversy fades slightly more into the background. Eventually, like most controversies involving publicly traded companies, the 737 Max will become a footnote. Right now, though, BA stock is an undervalued play in the defense sector.In addition to the B-1B Lancer, Boeing manufacturers the F-15 and F/A-18 Super Hornet, which the Air Force and Navy deploys, respectively. Although these two fighter jets don't generate headlines like the advanced F-35, they're considerably cheaper. If we dive further into a conflict, resources will be limited.Thus, Boeing is still very much relevant among defense stocks. Raytheon (RTN)Source: Shutterstock A key reason why no nation has attacked the U.S. in modern times is its ability to respond from anywhere. Among defense stocks, that attribute is no more emblematic than in shares of Raytheon (NYSE:RTN).Famous for the Tomahawk cruise missile, Raytheon leads in offensive weapons capabilities.However, so much has changed in the military space since the Tomahawk came out. With our adversaries making significant progress in electronic warfare, it's imperative that Raytheon also take the lead in defensive technologies. They're doing exactly that with their Next Generation Jammer Mid-Band, or NGJ MB.When it becomes operational in 2022, the NGJ MB will allow our aircraft to fly deeper into enemy territory. This allows our forces to establish air superiority, deliver weapons payloads, and support the troops on the ground. * 7 Discount Retail Stocks to Buy for a Recession Raytheon's comprehensive approach to defense makes RTN stock an easy buy. Huntington Ingalls Industries (HII)Source: WikipediaNaval warfare is as old as war itself. Nevertheless, it is still one of the most relevant and crucial components of our armed forces.Whenever a foreign conflict breaks out, the U.S. Navy can respond with alarming speed thanks to its unprecedented fleet. But to keep this pace up requires ships, and that's where Huntington Ingalls Industries (NYSE:HII) and HII stock comes in.As America's largest military shipbuilding company, Huntington Ingalls is easily one of the defense sector's best stocks to buy. Several naval warships are aging badly, requiring multiple replacements. HII stands to benefit significantly from the order stream. Indeed, they're backlogged with requests, which is naturally positive for HII stock.Also, this is a great opportunity to show some love for the U.S. Coast Guard, which HII also serves. The overlooked maritime service, the Coast Guard directly defends our territorial waters. Thus, their operations are intricately linked to our overall security umbrella. TransDigm Group (TDG)Source: Shutterstock In some ways, defense stocks are glamorous investments. Whenever a conflict breaks out, the underlying companies' products are on full display in the national news media.That said, one of the best stocks to buy within the broader security network is TransDigm Group (NYSE:TDG). Hardly a household name, TDG stock likewise doesn't get much airtime. It should, though, as shares are up over 40% year-to-date.If further tensions arise, expect TDG stock to build off this rally. That's because TransDigm operates in the background, specializing in seemingly mundane aerospace components, such as pumps, valves, and actuators. Not exactly Tom Clancy material, I concede. * 10 Battered Tech Stocks to Buy Now However, it's these small details that keep our military machinery running. It's one of the reasons why the U.S. is a superpower. Leidos (LDOS)Source: Jarek Tuszyński via Wikimedia (Modified)Currently, most defense stocks are kinetic. What I mean is that their underlying "products" deliver brute-force impact on both hard and soft targets. From a purely guttural level, nothing gets the point across more than a kinetic response.However, the warfare of tomorrow will increasingly shift toward the digital realm. This is actually a more sinister pathway, allowing military forces to conquer societies without leveling infrastructures; thus, they can use said infrastructures for their own good. It's a terrifying scenario, one that Leidos (NYSE:LDOS) helps to ensure we stay on the right side of.Simply from a technical point of view, LDOS stock is one of the best stocks to buy anywhere. On a year-to-date basis, Leidos shares have gained over 50%. More impressively, the ride up is almost linear.So what makes LDOS stock so compelling? Leidos has many specialties, including cybersecurity. Cyberwarfare represents one of the easiest ways for our enemies to wreak havoc. To prevent this, Leidos deploys next-generation threat assessment and response measures. Booz Allen Hamilton (BAH)For defense stocks to stay relevant, the underlying organizations must address the threats of tomorrow. What keeps the military brass up at night is not necessarily the kinetic threat, as we previously mentioned. Instead, it's the digital realm that could render the most damage without shedding any blood.The reason why cyber-threats are so worrisome to our security forces is that they're often asymmetric. Under the kinetic framework, we have an obvious adversary: the Kremlin, which wages war against us online.It sounds like science-fiction but it's becoming a frightening reality. To ensure that we stay above this next-gen threat, Booz Allen Hamilton (NYSE:BAH) deploys an offensive cybersecurity platform. Rather than wait for a threat to strike, this system actively hunts them down. * 7 Stocks to Buy In a Flat Market Consequently, BAH stock is one of the best stocks to buy in the defense arena. On a YTD basis, shares are up over 50%. Kratos Defense & Security Solutions (KTOS)Source: Kratos Defense & Security Solutions Iran's downing of an American military drone -- with conflicting reports about where it happened -- may well go down as the catalyst for a new Middle Eastern conflict.But in the future, this embarrassing incident may become a relic of a bygone era. That's because companies like Kratos Defense & Security Solutions (NASDAQ:KTOS) are developing the next wave of advanced drones. Unlike prior iterations, these drones will carry offensive payloads: in other words, they have the ability to punch back, deterring any shenanigans.What will drive KTOS stock higher is the company's XQ-58 Valkyrie. Small and nimble, the Valkyrie can carry a 550-pound payload. Better yet, they're designed with economy in mind. Therefore, these drones can achieve air superiority with minimal cost and no loss of life (for our service members). Olin (OLN)As I mentioned above, defense stocks will increasingly focus on digital threats. However, that doesn't mean the kinetic element will go away. It's not just a matter of imposing our will on belligerent states. Rather, the kinetic approach is usually the cheapest.That's why I don't think you should ignore organizations like Olin (NYSE:OLN). A chemicals specialist, OLN stock has significant exposure to the defense industry. Earlier this year, the U.S. Army awarded Olin with an $85 million contract to provide small-caliber ammunition.Although that's small potatoes, I expect Olin to consistently pick up these types of contracts. Relatively speaking, small-caliber ammunition is dirt cheap to produce. Also, with the company's Winchester brand, they can service the consumer market as well. * 7 Deeply Discounted Energy Stocks to Buy Considering that we have more guns than people in the U.S., that's a strong incentive to buy OLN stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for a Dovish Fed * 7 Stocks That Insiders Are Buying * 5 High-Price Stocks to Buy Worthy of Your Portfolio The post 10 Defense Stocks to Buy During Rising Geopolitical Tensions appeared first on InvestorPlace.

  • US Defense Stocks Hit New Highs After Drone Strike
    Investopedia

    US Defense Stocks Hit New Highs After Drone Strike

    U.S. defense and aerospace stocks have rallied to multi-month and all-time highs after the weekend terrorist attack on Saudi Arabia.

  • Is Lockheed Martin (LMT) Outperforming Other Aerospace Stocks This Year?
    Zacks

    Is Lockheed Martin (LMT) Outperforming Other Aerospace Stocks This Year?

    Is (LMT) Outperforming Other Aerospace Stocks This Year?

  • Lockheed Martin (LMT) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Lockheed Martin (LMT) Outpaces Stock Market Gains: What You Should Know

    Lockheed Martin (LMT) closed the most recent trading day at $393.98, moving +0.34% from the previous trading session.

  • Moody's

    Lockheed Martin Corporation -- Moody's announces completion of a periodic review of ratings of Lockheed Martin Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Lockheed Martin Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • The Air Force Is Still Taking 'Storm Area 51' Very Seriously; Here's Why
    Investor's Business Daily

    The Air Force Is Still Taking 'Storm Area 51' Very Seriously; Here's Why

    The "Storm Area 51" Facebook event might be canceled, but the Air Force hasn't let its guard down.

  • Turkey Still Supplying F-35 After Ouster But Lockheed Has Found Alternates
    Investor's Business Daily

    Turkey Still Supplying F-35 After Ouster But Lockheed Has Found Alternates

    Lockheed Martin is still receiving Turkish parts for the F-35 stealth fighter as it signs new contracts with alternative suppliers.

  • NASA picks Colorado company for experiment to help return U.S. astronauts to the moon
    American City Business Journals

    NASA picks Colorado company for experiment to help return U.S. astronauts to the moon

    NASA will test a Boulder company’s in-orbit navigation technology using a small satellite experiment meant to help return U.S. astronauts to the moon in 2024. Advanced Space won a $13.7 million NASA contract to develop a satellite the size of small microwave oven that will be used to try out the company’s automated spacecraft positioning software. The satellite also will test the unusual, highly elliptical orbit in which NASA plans to place a lunar outpost where spacecraft will dock before astronauts descend to the moon.

  • Lockheed Martin picks Alabama for 272-job hypersonics project
    American City Business Journals

    Lockheed Martin picks Alabama for 272-job hypersonics project

    Lockheed Martin Corp. (NYSE: LMT) chose a site in north Alabama as the flagship location for its hypersonics program, which will include a new production facility and nearly 275 new jobs. The project will included two new buildings at its Courtland facility in Lawrence County for the the assembly, integration and testing of hypersonics programs. Management and the engineering workforce for the program will be based in Huntsville.  Overall, 72 new jobs are expected in Courtland and 200 new positions are expected in Huntsville over the next three years.

  • PR Newswire

    Lockheed Martin Continues Advanced EOTS Development

    The company estimates Advanced EOTS will save over $1 billion in life cycle cost BETHESDA, Md. , Sept. 17, 2019 /PRNewswire/ --   Lockheed Martin (NYSE: LMT) has continued development of its Advanced Electro-Optical ...

  • 4 Aerospace and Defense Companies to Consider Following Saudi Oil Attack
    GuruFocus.com

    4 Aerospace and Defense Companies to Consider Following Saudi Oil Attack

    Stocks have outperformed the S&P; 500 over the past 6 months Continue reading...

  • Exclusive: F-35 chief to run Lockheed aeronautics as Evans undergoes medical treatment
    Reuters

    Exclusive: F-35 chief to run Lockheed aeronautics as Evans undergoes medical treatment

    Greg Ulmer, head of Lockheed Martin Corp's F-35 fighter program, will temporarily lead the company's aeronautics division while its current chief, Michele Evans, undergoes treatment for a "significant" medical issue, Evans told employees on Monday. Evans, 54, who took over as executive vice president of Lockheed's largest division in October 2018, is widely seen as a leading candidate to succeed Marillyn Hewson, 65, as chief executive of Lockheed, the No. 1 U.S. arms maker.