|Bid||345.00 x 900|
|Ask||350.22 x 800|
|Day's Range||349.61 - 355.84|
|52 Week Range||266.11 - 442.53|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||15.97|
|Earnings Date||Apr 20, 2020|
|Forward Dividend & Yield||9.60 (2.71%)|
|Ex-Dividend Date||Feb 27, 2020|
|1y Target Est||437.59|
Lockheed CEO Marillyn Hewson is doubling down, a week after committing $53 million to help battle the novel coronavirus pandemic.
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.
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.
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.
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 ...
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.
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.
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
Lockheed Martin enjoys rising F-35 fighter jet sales, while its missile sales grow amid global tensions. Is the stock a buy right now?
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.
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.
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
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
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.
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.
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.
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 has no intention to take government aid, Treasury Secretary Steve Mnuchin said, after reports said it was seeking $60 billion for the aerospace industry.
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.
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.