Lockheed Martin Stock Price, News & Analysis

Crescent Space Services LLC, a new venture by Lockheed Martin (NYSE: LMT), has entered the lunar infrastructure market, focusing on providing essential communications and navigation services for lunar missions. The company's first offering, Parsec®, will utilize a network of lunar satellites to ensure constant connectivity for lunar operations starting in 2025. Crescent aims to capitalize on the growing demand for lunar exploration services, leveraging Lockheed Martin's technical expertise and experience in space missions.

On March 27, 2023, Singapore's Defence Science and Technology Agency (DSTA) and Lockheed Martin signed a collaboration agreement aimed at enhancing mission readiness through data analytics and workflow automation. The partnership is focused on improving maintenance and training effectiveness for platforms like the F-16 used by the Republic of Singapore Air Force (RSAF). The collaboration includes creating a data pipe to streamline aircraft performance insights. DSTA emphasizes the need for innovative solutions, while Lockheed Martin stresses commitment to operational excellence in Singapore.

Lockheed Martin (NYSE: LMT) will host a live webcast featuring Chief Financial Officer Jay Malave at the J.P. Morgan Industrials Conference on March 16, 2023, from 10:30 a.m. to 11:10 a.m. ET. This event presents an opportunity for investors to gain insights from the CFO regarding the company’s performance and future strategies. The webcast can be accessed through the Lockheed Martin investor website, and an audio replay will be available for two weeks following the event. Lockheed Martin, based in Bethesda, Maryland, is a leader in global security and aerospace, employing around 116,000 people worldwide.

Lockheed Martin (NYSE:LMT), Korea Aerospace Industries, and Red 6 Aerospace have launched a partnership aimed at enhancing training and combat capabilities through advanced technologies. Announced on March 7, 2023, the collaboration will integrate Red 6's Airborne Tactical Augmented Reality System (ATARS) into the TF-50 aircraft. This innovative platform allows real-time interaction with synthetic threats, significantly improving pilot training. Additionally, the TF-50A variant has been submitted for U.S. Air Force missions, targeting tactical training and air support. The partnership exemplifies Lockheed's commitment to leveraging emerging technologies for military readiness.

On March 2, 2023, Lockheed Martin (NYSE: LMT) announced the upcoming delivery of the first F-16 Block 70 to the Royal Bahraini Air Force, marking a significant milestone for the F-16 program. The delivery celebration is scheduled for March 10, 2023, at 11 a.m. ET. This aircraft represents the first of 16 jets for Bahrain and aims to enhance 21st Century Security capabilities. With an ongoing backlog of 127 jets to be built in Greenville, there are plans for further orders from Jordan and Bulgaria, potentially increasing the backlog to 147. The F-16 Block 70's first flight occurred on January 24, 2023, with additional tests planned before its arrival in Bahrain in 2024.

DENVER--(BUSINESS WIRE)--H3X Technologies has secured an investment from Lockheed Martin Ventures (NYSE: LMT), totaling $9M in funding. H3X specializes in advanced electric motor development for sustainable aviation and other high-performance applications. This funding will accelerate the development of H3X's HPDM family of integrated motor drives and facilitate expansion of their production facility in Louisville, Colorado. H3X's innovative motors are designed to meet the demanding requirements of electric aviation while also serving markets in defense and ground vehicles.

Lockheed Martin (NYSE: LMT) delivered the first of five C-130J-30 Super Hercules tactical airlifters to the Indonesian Air Force (IDAF) on February 21, 2023. This delivery marks a significant enhancement in the IDAF's operational capabilities, with the C-130J-30 offering improved cargo capacity, speed, and lower operating costs compared to older models. The aircraft will support a range of mission requirements, including humanitarian aid and military operations, further strengthening partnerships with regional allies. Lockheed Martin has delivered over 520 C-130Js worldwide, underscoring its leadership in tactical airlift solutions.

Lockheed Martin (NYSE: LMT) has secured a contract exceeding $2 billion from the U.S. Navy to integrate the Conventional Prompt Strike (CPS) hypersonic weapon system onto ZUMWALT-class guided missile destroyers. This capability enables long-range missile flights at speeds greater than Mach 5. The project aims to field CPS by the mid-2020s, and it includes launcher systems, control systems, and support for the U.S. Army's Long Range Hypersonic Weapon. This integration marks a significant advancement in naval warfare technology, enhancing operational capabilities at sea.