LMT - Lockheed Martin Corporation

NYSE - NYSE Delayed Price. Currency in USD
350.50
-3.46 (-0.98%)
At close: 4:02PM EDT
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Previous Close353.96
Open352.00
Bid345.00 x 900
Ask350.22 x 800
Day's Range349.61 - 355.84
52 Week Range266.11 - 442.53
Volume1,715,182
Avg. Volume1,830,985
Market Cap98.795B
Beta (5Y Monthly)1.01
PE Ratio (TTM)15.97
EPS (TTM)21.95
Earnings DateApr 20, 2020
Forward Dividend & Yield9.60 (2.71%)
Ex-Dividend DateFeb 27, 2020
1y Target Est437.59
  • Lockheed commits millions more dollars, plus resources to COVID-19 response
    American City Business Journals

    Lockheed commits millions more dollars, plus resources to COVID-19 response

    Lockheed CEO Marillyn Hewson is doubling down, a week after committing $53 million to help battle the novel coronavirus pandemic.

  • TheStreet.com

    Lockheed's Hiring Is Bright Spot Amid Wave of Coronavirus Layoffs

    Lockheed Martin said it has hired nearly a thousand new employees even as companies around the country have slashed payrolls amid the coronavirus-driven economic downturn. The giant defense contractor, which relies heavily on federal work, said in a statement attributed to CEO Marillyn Hewson that the hires came over the past two weeks and were part of a broader effort amid the crisis to "support our employees, vulnerable companies in our supply chain, and those on the front lines of the medical crisis." The Bethesda, Maryland-based defense contractor, which employs 110,000 across the world, also said that it continues to advertise 5,000 open positions.

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

  • Lockheed Martin adds jobs, increases supplier payments to counter coronavirus impact
    Reuters

    Lockheed Martin adds jobs, increases supplier payments to counter coronavirus impact

    Reuters reported last month the Pentagon was increasing the amount of interim payments it makes to defense contractors in an effort to give them a financial boost. "As we all deal with the challenges of the health crisis, we will continue to perform and deliver critical products and capabilities for the United States and our allies, support job creation and help those in need wherever we operate," Lockheed said.

  • ACCESSWIRE

    The Gross Law Firm Announces Class Actions on Behalf of Shareholders of LK, MGPI and HAFC

    NEW YORK, NY / ACCESSWIRE / April 3, 2020 / The securities litigation law firm of The Gross Law Firm issues the following notice on behalf of shareholders in the following publicly traded companies. Shareholders ...

  • Defense Stock Roundup: LMT Wins Big Deal, RTN & UTX Get Final Nod for Merger
    Zacks

    Defense Stock Roundup: LMT Wins Big Deal, RTN & UTX Get Final Nod for Merger

    Among past week's highlights, a handful of defense majors won notable deals from Pentagon. However, coronavirus-led broader market turmoil affects share price performance of defense stocks.

  • Statement By Marillyn Hewson On Lockheed Martin Additional Support Of COVID-19 Relief And Recovery Efforts
    PR Newswire

    Statement By Marillyn Hewson On Lockheed Martin Additional Support Of COVID-19 Relief And Recovery Efforts

    Today, Lockheed Martin is announcing a number of additional steps we are taking to continue supporting our employees, vulnerable companies in our supply chain and those on the front lines of the medical crisis impacting our local communities and the nation.

  • Lockheed Martin Wins Deal to Supply F-16 Jets to Bulgaria
    Zacks

    Lockheed Martin Wins Deal to Supply F-16 Jets to Bulgaria

    Nations like Bahrain and Slovakia have been recent additions to Lockheed Martin's (LMT) F-16 Block 70 portfolio.

  • Lockheed (LMT) Wins $818M Contract to Manufacture JASSM
    Zacks

    Lockheed (LMT) Wins $818M Contract to Manufacture JASSM

    As one of the major missile makers in the United States, Lockheed Martin (LMT) stands out among its peers by virtue of its broadly-diversified programs and strong order bookings

  • Is Lockheed Stock A Buy Right Now? Here's What Earnings, Chart Say About LMT
    Investor's Business Daily

    Is Lockheed Stock A Buy Right Now? Here's What Earnings, Chart Say About LMT

    Lockheed Martin enjoys rising F-35 fighter jet sales, while its missile sales grow amid global tensions. Is the stock a buy right now?

  • American City Business Journals

    Lockheed wins $4.9B in defense deals with local work

    The Bethesda, Maryland-based defense giant landed four military contracts worth a combined $4.9 billion with work in Orlando, the Department of Defense announced March 31. Here’s a closer look at those deals:  Lockheed secured a $4.7 billion U.S. Navy deal to provide 78 F-35 aircraft, with 4% of the work taking place in Orlando. The company won another U.S. Navy contract worth $202 million.

  • Why Lockheed (LMT) is Poised to Beat Earnings Estimates Again
    Zacks

    Why Lockheed (LMT) is Poised to Beat Earnings Estimates Again

    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.

  • Lockheed Martin Wins $4.8B Deal to Procure 78 F-35 Jets
    Zacks

    Lockheed Martin Wins $4.8B Deal to Procure 78 F-35 Jets

    Cost reductions initiatives for Lockheed's (LMT) F-35 jets along with continued demand growth for military jets have been boosting contract growth for this program

  • Lockheed Martin Scores $4.7 Billion Defense Contract Modification
    TipRanks

    Lockheed Martin Scores $4.7 Billion Defense Contract Modification

    Texas-based defense giant Lockheed Martin (LMT) has been awarded a $4.7 billion contract modification, according to a statement released by the US Department of Defense on March 31. This modification is for the procurement of 78 F-35 combat aircraft (48 F-35A combat aircraft for the Air Force, 14 F-35B combat aircraft for the Marine Corps, 16 F-35C fighter aircraft for the Navy) and associated aircraft red gear. The statement adds that the majority of the work will be carried out in Fort Worth Texas, and work is expected to be complete by March 2023.In the last five days, shares in LMT have surged 17% to $339. TipRanks reveals that the Street sees further upside ahead- with an average analyst price target of $452 indicating 33% upside potential. Analysts have a consensus of Moderate Buy on LMT stock with 9 buy ratings vs 5 hold ratings. This includes a recent ratings upgrade from hold to buy by DZ Bank AG’s Robert Czerwensky. (See LMT stock analysis on TipRanks) On March 27, Lockheed Martin CEO Marillyn Hewson set out a raft of measures to assist with Covid-19 relief and recovery efforts. These include a $10 million charity donation, a $6.5 million employee relief fund and a $50 million advance to small- and medium-sized business partners to ensure their continued operation. Latest News: Verint Systems Misses Profit Estimates, Sees Growing Cloud Demand Momentum Apple Buys Weather App Dark Sky in Undisclosed Deal Zoom Shares Pull Back As Company Sued For Personal Data Breach

  • Lockheed Martin (LMT) Gains But Lags Market: What You Should Know
    Zacks

    Lockheed Martin (LMT) Gains But Lags Market: What You Should Know

    Lockheed Martin (LMT) closed at $349.09 in the latest trading session, marking a +0.2% move from the prior day.

  • Lockheed Martin fronting $50M in payments to suppliers
    American City Business Journals

    Lockheed Martin fronting $50M in payments to suppliers

    The advances are part of more than $65 million pledged in various relief efforts by the defense contractor.

  • Coronavirus crisis already changing how government contractors do business
    American City Business Journals

    Coronavirus crisis already changing how government contractors do business

    Government contractors are accustomed to unforeseen impacts on their business. More than a year removed from the longest partial government shutdown in U.S. history, contractors were still navigating their way back to normal with no compensation for the business lost to the 35-day budget impasse. Then came the novel coronavirus, combining the destabilizing confusion of a shutdown with the urgency of a national disaster, and contractors have found themselves without access to the facilities needed to do their jobs at a time when the federal government is even more dependent on them to keep operating.

  • Charting Lockheed Martin's Flight Pattern
    TheStreet.com

    Charting Lockheed Martin's Flight Pattern

    Jim Cramer had plenty to say about some of the stocks that callers offered up during the Mad Money Lightning Round Friday evening. In the daily bar chart of LMT, below, we can see that prices have quickly retraced about half of the February/March decline. Trading volume has been very heavy from the middle of February, which suggests we have seen a movement of ownership from weak hands to strong hands as prices fell from around $440 to briefly below $270.

  • Lockheed commits $66.5M, vehicles and other resources to coronavirus relief
    American City Business Journals

    Lockheed commits $66.5M, vehicles and other resources to coronavirus relief

    With the U.S. continuing to battle the ongoing novel coronavirus pandemic, one of its largest defense contractors is committing new resources to the fight. Lockheed Martin Corp. (NYSE: LMT) Chairman, President and CEO Marillyn Hewson said in a statement Friday the Bethesda defense giant would commit $66.5 million “as an initial contribution” to national COVID-19 relief efforts, in addition to other company resources. “Lockheed Martin understands that the shared effort to combat COVID-19 and recover from its effects will be a long-term one,” said Hewson, who announced last week that she would step down from her president and CEO roles in June.

  • Lockheed Martin speeds up payments to suppliers amid coronavirus slowdown
    Reuters

    Lockheed Martin speeds up payments to suppliers amid coronavirus slowdown

    Defense contractor Lockheed Martin Corp said on Friday that it would advance more than $50 million to suppliers hurt by a sharp economic slowdown caused by efforts to stop the coronavirus. Reuters had reported last week that the Pentagon was increasing the amount of interim payments, known as progress payments, to defense contractors. Lockheed said in an email statement from CEO Marillyn Hewson that the company would advance more than $50 million to small- and medium-sized companies in its supply chain to keep them afloat.

  • Boeing Stock Sinks As Mnuchin Says No Plan For Bailout; 'They Don't Need It'
    Investor's Business Daily

    Boeing Stock Sinks As Mnuchin Says No Plan For Bailout; 'They Don't Need It'

    Boeing has no intention to take government aid, Treasury Secretary Steve Mnuchin said, after reports said it was seeking $60 billion for the aerospace industry.

  • Statement From Lockheed Martin Chairman, President And CEO Marillyn Hewson On COVID-19 Response
    PR Newswire

    Statement From Lockheed Martin Chairman, President And CEO Marillyn Hewson On COVID-19 Response

    At Lockheed Martin, we recognize that the rapid spread of COVID-19 and its wide-ranging impacts have caused severe disruption across society and tragic loss of life around the world. We also recognize that the global pandemic has created a need for urgent action by government, business, communities and citizens.

  • Centennial's United Launch Alliance launches first satellite for U.S. Space Force
    American City Business Journals

    Centennial's United Launch Alliance launches first satellite for U.S. Space Force

    United Launch Alliance launched a large defense communications satellite made by Lockheed Martin Space into orbit Thursday, the first national security launch for the U.S. Space Force. The launch was the first conducted under the authority of the U.S. Space Force, a branch of the military formally created in December by combining much of the existing U.S. defense and intelligence agency space operations. “The success of today’s launch is the culmination of years of dedication, hard work and teamwork with several of our mission partners,” said Gen. Jay Raymond, chief of space operations for the U.S. Space Force.