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) announced that its Chief Operating Officer, Frank St. John, and Chief Financial Officer, Jay Malave, will present at the Bernstein's 40th Annual Strategic Decisions Conference. The presentation is scheduled for May 30, 2024, from 8 a.m. to 8:50 a.m. ET. Investors and interested parties can access the live webcast and the audio replay, which will be available for two weeks post-event, via the company's investor relations website.
Lockheed Martin has announced the election of Dr. Heather Wilson to its board of directors, effective May 22, 2024. Dr. Wilson brings extensive leadership experience from her tenure as the 24th Secretary of the U.S. Air Force, president of the University of Texas at El Paso, and former president of the South Dakota School of Mines & Technology. She has also served in the U.S. House of Representatives and holds advanced degrees from Oxford University. Wilson will serve on Lockheed Martin's Classified Business and Security Committee, bringing strategic insight and deep industry knowledge to the board.
Elsight collaborated with Lockheed Martin to integrate Elsight's Halo connectivity platform with the Indago 4 Uncrewed Aerial System, enhancing its capabilities for beyond visual line-of-sight (BVLOS) flights. The Halo system ensures continuous connectivity through diverse IP links, improving situational awareness and data transmission for defense, public safety, surveillance, and remote inspection applications.
Lockheed Martin's X-62A VISTA aircraft, equipped with AI technology, hosted U.S. Air Force Secretary Frank Kendall for flights to test and advance AI-enabled autonomous flight capabilities. The AI pathfinder facilitates the development and testing of cutting-edge AI techniques for uncrewed vehicles. With over 100,000 lines of flight-critical software changes completed, the platform demonstrates the potential of AI in aerospace innovation.
Lockheed Martin's board of directors declared a second quarter 2024 dividend of $3.15 per share, payable on June 28, 2024. Thomas J. Falk was elected as the new independent lead director of the board, succeeding Daniel F. Akerson. Falk, a member of the board since 2010, will take over the role's responsibilities, including presiding over executive sessions and providing feedback to management.
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