Lockheed Martin Stock Price, News & Analysis

The Lockheed Martin Corporation (NYSE: LMT) announced a quarterly dividend of $3.00 per share for the second quarter of 2023. This dividend will be payable on June 23, 2023, to shareholders recorded as of June 1, 2023.

This announcement underscores the company's commitment to returning value to its shareholders amidst its global operations in security and aerospace, employing approximately 116,000 individuals. Investors can expect ongoing dividends as a sign of financial health and shareholder confidence.

Lockheed Martin (NYSE: LMT) has announced that its first LM 400 satellite has successfully completed critical Electromagnetic Interference/Electromagnetic Compatibility testing, ensuring no signal interference during operations. The LM 400, versatile for military, civil, and commercial applications, completed assembly in December and is also undergoing thermal vacuum testing. This satellite supports various missions, including remote sensing and surveillance, and boasts a scalable design that allows for quick adaptation to customer needs. It is under multiple contracts, including a recent agreement with the U.S. Space Force for the Missile Track Custody program.

Lockheed Martin (NYSE: LMT) announced the successful on-orbit demonstration of its In-space Upgrade Satellite System (LM LINUSS™), showcasing advanced navigational algorithms and cloud-based operations. This technology demonstration involved two LM 50™ CubeSats, which displayed precise rendezvous and proximity operations, essential for future on-orbit servicing missions. The LM LINUSS system validated maneuvering capabilities and successfully executed automated maneuvers, employing artificial intelligence and a secure cloud architecture for mission control. Feedback suggests these CubeSats are among the most capable in their class, enhancing mission capabilities and lifecycle sustainability.

Lockheed Martin Corporation (LMT) reported first quarter 2023 net sales of $15.1 billion, slightly up from $15.0 billion in the prior year. Net earnings were $1.7 billion, or $6.61 per share, compared to $1.7 billion, or $6.44 per share, in Q1 2022. The company generated $1.6 billion in cash from operations and $1.3 billion in free cash flow, marking increases from $1.4 billion and $1.1 billion respectively in the same quarter last year. Lockheed returned $1.3 billion to shareholders through dividends and stock repurchases, reaffirming its financial outlook for 2023. Key accomplishments included securing a contract for the Conventional Prompt Strike hypersonic missile program and delivering F-16 aircraft from a new factory in South Carolina. Overall, the company emphasizes its commitment to enhancing national security and delivering value to shareholders.

Lockheed Martin (NYSE: LMT) will conduct a live webcast of its first quarter 2023 earnings results conference call on April 18, 2023, at 11 a.m. ET. CEO James Taiclet, CFO Jay Malave, and VP of Investor Relations Maria Ricciardone Lee will present the results, which will be released before the market opens on the same day. This event promises insights into key business metrics and company updates. The webcast can be accessed at www.lockheedmartin.com/investor, and an on-demand replay will be available until May 2, 2023. Lockheed Martin, based in Bethesda, Maryland, employs about 116,000 people globally and specializes in advanced technology systems.