Welcome to our dedicated page for Lockheed Martin news (Ticker: LMT), a resource for investors and traders seeking the latest updates and insights on Lockheed Martin stock.
Lockheed Martin reports developments across its defense technology programs, including military aircraft, missile defense, space systems, and command-and-control platforms. Recurring updates cover F-35 and F-16 aircraft activity, Skunk Works® technologies such as the MDCX™ platform, layered missile defense programs using THAAD, PAC-3 and related interceptor experience, and GPS satellite production and launches.
Company news also includes U.S. and allied customer selections, contract awards, quarterly operating results, capital and production initiatives, and leadership changes within major businesses such as Aeronautics and Space.
Lockheed Martin (NYSE: LMT) has announced its dividend for the first quarter of 2025. The company's board of directors has authorized a quarterly dividend payment of $3.30 per share. Shareholders who are recorded as holders by the close of business on March 3, 2025, will receive the dividend payment on March 28, 2025.
Lockheed Martin (LMT) reported a 5% increase in net sales to $71.0 billion for 2024, with fourth quarter sales of $18.6 billion. The company faced significant challenges with pre-tax losses of $1.7 billion in Q4 and $2.0 billion for the full year from classified programs, impacting earnings per share by $5.45 and $6.16 respectively.
Net earnings for 2024 were $5.3 billion, or $22.31 per share, down from $6.9 billion ($27.55 per share) in 2023. The company generated $7.0 billion in cash from operations and $5.3 billion in free cash flow after a $990 million pension contribution. LMT achieved a record backlog of $176.0 billion by year-end and returned $6.8 billion to shareholders through dividends and share repurchases.
KX and SiXworks, an IBM company, have announced a collaboration to provide secure data analytics and visualization tools to the UK Ministry of Defence (MOD) and other defense sectors. The partnership combines KX's high-performance analytical database, kdb+, with SiXworks' secure deployment capabilities.
The solution addresses the critical need for time-sensitive analytics in defense operations, featuring a high-performance data processing engine, secure-by-design hosting environment, and integration with development frameworks. The toolset enables real-time decision-making and improved situational awareness while maintaining strict security standards.
The collaboration initially focuses on serving the MOD but has potential for broader implementation across EMEA and global defense operations. This partnership follows KX's earlier collaboration with Lockheed Martin's Skunk Works® division.
Lockheed Martin (NYSE: LMT) has secured a $270 million contract from the U.S. Air Force to integrate next-generation infrared defensive sensors on the F-22 Raptor. The upgrade includes the implementation of distributed embedded TacIRST sensors, known as the Infrared Defensive System (IRDS), designed to enhance aircraft survivability and lethality.
The company will manage IRDS integration not only on the F-22 but also on other platforms. This modernization effort aims to improve pilot mission survivability against current and future threats while maintaining U.S. air superiority through advanced threat-detection capabilities.
Lockheed Martin (NYSE: LMT) has scheduled its fourth quarter and full year 2024 earnings results conference call for Tuesday, January 28, 2025, at 11 a.m. ET. The webcast will be available in listen-only mode. Chairman, President and CEO James Taiclet, along with CFO Jay Malave and VP of Treasury and Investor Relations Maria Ricciardone, will present the results, provide key updates, and conduct a Q&A session.
The company will release its Q4 and full-year 2024 results before market opening on January 28. The presentation slides and financial charts will be accessible on Lockheed Martin's investor website. An on-demand replay will be available through February 11, 2025, and a podcast will also be provided.
Lockheed Martin successfully launched its seventh GPS III satellite (GPS III SV07) into orbit from Cape Canaveral Space Force Station. The launch occurred on December 16, 2024, at 7:52 p.m. ET, placing the satellite 12,550 miles above Earth. Notable aspects of this launch include:
The mission demonstrated rapid deployment capabilities, with only three months from call-up to launch. The satellite was transported by ground instead of air due to military aircraft being engaged in hurricane relief efforts, covering 2,337 miles to reach its launch site. The GPS III SV07 features M-code technology, providing up to eight times more anti-jamming power than GPS II satellites, enhancing secure access for U.S. and allied armed forces.
Lockheed Martin (NYSE: LMT) has elected Admiral John C. Aquilino to its board of directors, effective immediately. Aquilino, who recently served as the 26th commander of the U.S. Indo-Pacific Command until July 2024, brings extensive military leadership experience to the board. A graduate of the U.S. Naval Academy and Navy Fighter Weapons School (TOPGUN), Aquilino's career includes commanding roles in the U.S. Pacific Fleet, Fifth Fleet, and Naval Forces Central Command. He will serve as an independent director on the Classified Business and Security Committee, contributing to Lockheed Martin's 21st Century Security® strategy.
Lockheed Martin (NYSE: LMT) has appointed Kevin O'Connor as senior vice president, general counsel and corporate secretary, effective January 13. O'Connor, who previously served as senior vice president and chief legal officer at Carrier, will succeed Maryanne Lavan, who is retiring after a 34-year career with the company. Lavan will remain as a strategic advisor through Q1 2025 to ensure a smooth transition. CEO Jim Taiclet praised O'Connor's leadership and commitment to the company's 21st Century Security® vision, emphasizing the focus on delivering cutting-edge capabilities to the United States and allies.
Lockheed Martin (NYSE: LMT) has announced that CFO Jay Malave will deliver a presentation at the UBS Global Industrials & Transportation Conference on Tuesday, Dec. 3, from 8:00 a.m. to 8:40 a.m. ET. The presentation will be accessible through a live webcast on the company's investor relations website. An audio replay of the presentation will remain available for two weeks after the event.
Lockheed Martin Skunk Works®, along with its Demonstrations and Prototypes organization and the University of Iowa's Operator Performance Laboratory, successfully demonstrated a crewed-uncrewed teaming mission. The test involved a human battle manager aboard an L-39 Albatros commanding AI-controlled L-29 Delfin jets through a touchscreen interface during simulated offensive counter air missions. The AI-controlled aircraft worked collaboratively to defeat mock enemy jets using simulated systems and weapons. This third test builds upon previous experiments in AI-controlled air-to-ground operations, marking the first inclusion of real-time human battle management overseeing AI actions.