Lockheed Martin Stock Price, News & Analysis

Lockheed Martin (NYSE: LMT) will host a live webcast featuring Chief Financial Officer Jay Malave at Cowen's 44th Annual Aerospace/Defense & Industrials Conference on February 16, 2023, from 10 a.m. to 10:40 a.m. EST. The presentation will cover key insights on the company's financial strategies. Interested parties can access the webcast at Lockheed Martin Investor Relations. An audio replay will be available for two weeks post-event. Headquartered in Bethesda, Maryland, Lockheed Martin employs around 116,000 people and specializes in advanced technology systems and services.

SAS has joined CESMII, the Smart Manufacturing Institute, to enhance the use of AI and analytics in manufacturing. This collaboration aims to help manufacturers digitally transform and adopt advanced analytics, addressing challenges like supply chain disruptions and sustainability. SAS's technologies, including IoT analytics, have already proven beneficial for companies such as Lockheed Martin, which saved 2,000 hours of aircraft downtime through predictive maintenance. SAS intends to empower manufacturers of all sizes to leverage data insights for improving operational efficiency and decision-making.

The Defense Advanced Research Projects Agency (DARPA), in collaboration with Lockheed Martin (NYSE: LMT) and Aerojet Rocketdyne (NYSE: AJRD), successfully completed the second flight test of the Hypersonic Air-breathing Weapon Concept (HAWC) on January 30, 2023. The HAWC system, launched from a B-52, reached speeds exceeding Mach 5, traveling over 300 nautical miles at altitudes above 60,000 feet. This test demonstrated advanced manufacturing techniques aimed at improving affordability and reliability for future hypersonic solutions. The collaboration underscores Lockheed Martin's long-standing investment in hypersonic technologies, crucial for national defense.

The board of directors of Lockheed Martin (NYSE: LMT) has announced a first-quarter 2023 dividend of $3.00 per share. This dividend is scheduled to be paid on March 24, 2023, to shareholders recorded as of March 1, 2023. Lockheed Martin is a leading global security and aerospace firm headquartered in Bethesda, Maryland, employing around 116,000 individuals. The company specializes in the research, design, development, manufacturing, integration, and sustainment of advanced technology systems.

Machina Labs has secured an investment from Lockheed Martin Ventures (LMT), raising the total funding to $21.8M. The funds will accelerate growth to meet customer demand and expand R&D for additional manufacturing processes. CEO Edward Mehr emphasizes the development of advanced, on-demand manufacturing for the defense sector, enhancing competitive advantages in national security. Chris Moran from Lockheed views the collaboration as a means to operationalize agile manufacturing to address emerging threats. Machina Labs leverages AI and robotics to significantly reduce production time for metal products, aiming to revolutionize manufacturing efficiency.

Lockheed Martin (NYSE: LMT) has expanded its strategic partnership with SAP SE (NYSE: SAP) to enhance its 1LMX transformation initiative. This program aims to modernize Lockheed's business systems and improve efficiency across its supply chain. Key features of this collaboration include the adoption of RISE with SAP, which will transition Lockheed's SAP ERP systems to SAP S/4HANA Cloud. The partnership focuses on leveraging data for improved agility and security in response to evolving threats facing customers like the U.S. Department of Defense. This initiative is expected to streamline operations and support Lockheed's goals in the defense sector.

Lockheed Martin (LMT) announced the successful first flight of the F-16 Block 70 on January 24, 2023, at its Greenville, South Carolina facility. The flight lasted approximately 50 minutes and involved critical airworthiness checks. This milestone marks the commencement of delivering 16 jets to Bahrain, while the backlog stands at 128 jets. Recent contracts from Jordan and Bulgaria could increase the backlog to 148 jets. The defense contractor emphasizes its commitment to quality and national security, driven by significant advancements in development and production.

Lockheed Martin Corporation reported Q4 2022 net sales of $19.0 billion, up from $17.7 billion in Q4 2021. Net earnings for Q4 2022 were $1.9 billion ($7.40 per share), a slight decrease from $2.0 billion ($7.47 per share) in the previous year. For 2022, net sales totaled $66.0 billion, down from $67.0 billion in 2021, with net earnings of $5.7 billion ($21.66 per share). The company returned $5.0 billion to shareholders in Q4 2022 and $10.9 billion for the entire year. Cash from operations was $1.9 billion in Q4 2022. The backlog increased by 11% to $150 billion.

Lockheed Martin (NYSE: LMT) successfully launched the sixth Global Positioning System III (GPS III) satellite, GPS III SV06, from Cape Canaveral, Florida, on January 18, 2023. This satellite will enhance the U.S. Space Force's GPS constellation, providing advanced positioning, navigation, and timing data to military and civil users globally. Lockheed Martin has completed production of all 10 original GPS III satellites, with GPS III SV06 being the 25th Military-Code satellite. The company is now contracted for three additional GPS IIIF satellites, valued at approximately $744 million. This satellite boasts three times greater accuracy and improved anti-jamming capabilities.