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's Skunk Works® and KX have announced a collaboration at the Farnborough Air Show to advance Open Mission System architectures. This partnership aims to combine KX's kdb+, the world's fastest analytical database for time-series data, with Lockheed Martin's AI and data tooling technologies. The collaboration will create a UK-sovereign, real-time situational awareness model for combined joint all-domain command and control (CJADC2), enhancing decision-making and operational agility across armed forces.
This initiative demonstrates Lockheed Martin's commitment to partnering with UK industry and allies, focusing on interoperability with international sovereign systems. The collaboration aims to deliver unmatched value in data management and enhance operational decision-making at scale.
Lockheed Martin (NYSE: LMT) announced at the Farnborough International Airshow that the global C-130J Super Hercules fleet has surpassed 3 million flight hours. This milestone, achieved by 545+ delivered aircraft from 21 nations, showcases the aircraft's versatility across 18 different mission types. The hours were logged from the C-130J's first flight on April 5, 1996, through early July 2024.
The C-130J's capabilities include combat, transport, aerial refueling, Special Operations, medevac, humanitarian relief, search and rescue, weather reconnaissance, firefighting, and commercial freight delivery. The Super Hercules leads in tactical airlift missions, offering advantages such as proven operational readiness, increased reliability, superior tactical airlift and combat airdrop capabilities, and certification by over 20 airworthiness authorities.
Lockheed Martin (NYSE: LMT) has delivered the first of eight C-130J-30 Super Hercules tactical airlifters to the Ohio Youngstown Air Reserve Station. This marks the addition of a new mission capability for the Super Hercules — the aerial spray mission. The 910th Airlift Wing, which operates these aircraft, maintains the Department of Defense's only large area, fixed-wing aerial spray capability.
The C-130J Super Hercules now supports 19 unique mission capabilities, showcasing its versatility. This delivery preserves the unit's tactical airlift and aerial spray mission while providing more space, speed, range, and versatility. The global C-130J fleet spans 26 operators in 22 nations, with over 545 aircraft logging nearly 3 million flight hours.
Lockheed Martin (NYSE: LMT) has announced a live webcast of its second-quarter 2024 earnings results on July 23, 2024, at 11 a.m. ET. The presentation will feature CEO James Taiclet, CFO Jay Malave, and VP Maria Ricciardone, discussing the financial results and key updates. The results will be published before the market opens on the same day. The webcast and accompanying presentation slides and financial charts will be accessible on Lockheed Martin’s investor relations website. An on-demand replay will be available through August 6, 2024, along with a podcast.
Lockheed Martin (NYSE: LMT) has announced a third quarter 2024 dividend of $3.15 per share.
The dividend will be paid on September 27, 2024, to shareholders registered by the close of business on September 3, 2024. Lockheed Martin, a global leader in defense technology, continues to drive innovation and scientific discovery through its all-domain mission solutions and 21st Century Security® vision.
Additional details can be found on the company's official website.
On June 25, 2024, Lockheed Martin announced the successful launch of the GOES-U weather satellite from NASA's Kennedy Space Center, marking the completion of NOAA's GOES-R series. Lifted by a SpaceX Falcon Heavy rocket, the satellite deployed its solar array and established communications. GOES-U will be renamed GOES-19 and will provide advanced weather imagery, atmospheric measurements, and lightning mapping over North America's East Coast. Lockheed Martin's Advanced Technology Center designed key instruments, including the Geostationary Lightning Mapper and Solar Ultraviolet Imager, enhancing weather forecasting and space weather monitoring. NOAA manages the GOES-R series, with NASA overseeing spacecraft and instrument development. Post-GOES-U, Lockheed Martin will develop the GeoXO constellation for NOAA, offering more accurate weather forecasting into the 2030s.
NASA has selected Lockheed Martin (NYSE: LMT) to develop the next-generation weather satellite constellation, GeoXO, for NOAA. The initial contract encompasses three spacecraft, with options for four more, totaling an estimated $2.27 billion. GeoXO will enhance weather forecasts and environmental monitoring, building on the GOES-R series. The satellites will feature advancements in air pollution tracking and marine ecosystem observations. The first launch is planned for the early 2030s, with operations extending into the 2050s. Lockheed Martin aims to leverage its 50+ years of experience and modernized LM2100™ satellite bus technology for this mission.
Lockheed Martin (NYSE: LMT) announced the delivery of the 2,700th C-130 Hercules tactical airlifter. This KC-130J Super Hercules tanker will join the U.S. Marine Corps Aerial Refueler Transport Squadron 252 at Cherry Point, North Carolina. The C-130J model supports 18 mission requirements and is used by operators in 70 nations.
Rod McLean, VP and GM of Lockheed Martin's Air Mobility & Maritime Missions, emphasized the aircraft's versatility and ongoing relevance. The KC-130J can refuel both rotary and fixed-wing aircraft like the F-35B/C. The global fleet of C-130Js, spanning 26 operators in 22 nations, has logged nearly 3 million flight hours.
The aircraft is noted for its evolving capabilities and innovation, playing critical roles in tactical and humanitarian missions worldwide.
Lockheed Martin's Skunk Works demonstrated AI in air-to-air intercepts using the University of Iowa's L-29 Delfin jets. The AI conducted eight test scenarios, showing intentional and decisive behavior. This was the first live exercise of the new flight interface, exceeding performance observed in simulations. Live tests are part of a broader AI development initiative for air-to-air missions. Additional tests are planned to increase complexity and involve multiple aircraft. Lockheed Martin aims to enhance AI mission performance, adhering to ethical guidelines from the U.S. Department of Defense.
Lockheed Martin (NYSE: LMT) has signed a deal with Firefly Aerospace for up to 25 launches on Firefly's Alpha rocket through 2029. These launches will support Lockheed Martin's technology demonstration missions and other spacecraft deployments into low-Earth orbit. By leveraging Firefly’s cost-efficient and scalable launch solutions, Lockheed Martin aims to accelerate the development and deployment of new technologies. This long-term partnership is designed to reduce risk, ensure consistent launch availability, and enhance technology investments. The agreement allows Lockheed Martin to diversify its launch options, fostering innovation and maintaining its leadership in space missions.