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 Corporation (NYSE: LMT) generates frequent news coverage as a global defense technology company active in guided missile and space vehicle manufacturing, fighter aircraft production, missile defense, space systems, autonomy and artificial intelligence. The Lockheed Martin news feed on Stock Titan aggregates company announcements, program milestones and regulatory disclosures so readers can follow developments that shape the company’s operations and its role in U.S. and allied defense.
Recent news highlights include record annual deliveries of F-35 Lightning II fighter aircraft, ongoing expansion of the global F-35 fleet, and production of F-16 Block 70 aircraft for allied air forces under the U.S. Foreign Military Sales program. Articles also cover contracts and agreements for PAC-3 Missile Segment Enhancement interceptors, the Next Generation Interceptor production facility in Alabama, and space vehicle awards from the U.S. Space Development Agency for missile warning and tracking constellations.
Coverage extends to advanced research and autonomy demonstrations from Lockheed Martin Skunk Works, such as AI-driven mission contingency management for unmanned aerial vehicles and integration of multi-class drone command and control platforms. News about Astris AI, the company’s AI-focused subsidiary, details the Astris AI for Government initiative and its collaborations aimed at delivering secure AI platforms for federal and commercial customers.
Investors and observers can also find information on scheduled earnings webcasts, financial updates referenced in 8-K filings, and broader industrial investments in facilities and supply chains. By reviewing this news stream, users can track how Lockheed Martin’s programs, contracts, technology initiatives and financial communications evolve over time and influence the LMT stock narrative.
NASA's Artemis I mission successfully launched the Lockheed Martin-built Orion spacecraft on Nov. 16, 2022, marking a significant milestone in human deep space exploration. The mission, which is the first of its kind, aims to send astronauts back to the Moon, with an initial trajectory to break Earth's gravity and orbit the Moon. Orion will conduct a 25.5-day mission, collecting data to evaluate spacecraft performance. Notable technology demonstrations onboard include Callisto, LunIR, and the AstroRad Vest, highlighting Lockheed Martin's commitment to innovation in space exploration.
Sikorsky, a Lockheed Martin company (LMT), in collaboration with DARPA, successfully demonstrated an uninhabited Black Hawk helicopter's capability to autonomously perform cargo resupply and rescue missions for the U.S. Army.
Conducted during Project Convergence 2022, the flights showcased the helicopter's ability to deliver 400 units of blood and evacuate casualties, enhancing operational flexibility in contested environments. Sikorsky's MATRIX technology aims to improve flight safety and efficiency, indicating readiness for Army modernization efforts in helicopter operations.
Terran Orbital Corporation (NYSE: LLAP) has secured a $100 million investment from Lockheed Martin (NYSE: LMT) through a note and warrant purchase agreement. The funds aim to enhance Terran Orbital's manufacturing capabilities and expand satellite production. Alongside this investment, a Strategic Cooperation Agreement with Lockheed Martin has been established, lasting until 2035, to broaden collaboration opportunities. Terran Orbital plans to address unmet market needs by introducing new products, including synthetic aperture radar satellites, while shifting focus away from its own satellite constellation development.
Lockheed Martin (NYSE: LMT) has secured a contract to deliver three additional Orion spacecraft for NASA's Artemis VI-VIII missions. This contract, valued at $1.99 billion, is part of the Orion Production and Operations Contract (OPOC) and aims for substantial cost savings, achieving a remarkable 50% reduction per vehicle up to Artemis V and an additional 30% for Artemis VI-VIII. The company emphasizes cost efficiency through reusing components and advanced digital processes, supporting NASA's long-term lunar exploration plans.
Lockheed Martin Corporation reported third-quarter 2022 net sales of $16.6 billion, up from $16.0 billion in Q3 2021. Net earnings surged to $1.8 billion or $6.71 per share, compared to $614 million or $2.21 per share a year earlier. Cash from operations reached $3.1 billion, with free cash flow at $2.7 billion. The company returned $2.1 billion to shareholders and increased its share repurchase authority by $14 billion. The quarterly dividend was raised by 7% to $3.00 per share, while backlog increased to $140 billion.
Lockheed Martin (NYSE: LMT) appointed Michael Williamson as senior vice president of Global Business Development & Strategy, effective Nov. 1. Williamson, currently vice president and general manager for Missiles and Fire Control, brings extensive military experience as a former U.S. Army lieutenant general. His role is expected to enhance Lockheed Martin's global outreach amid increasing international security demands. He succeeds Tim Cahill, who transitions to executive vice president of the Missiles and Fire Control business area.
Lockheed Martin (NYSE: LMT) has partnered with Ayar Labs to develop advanced optical I/O microchips aimed at enhancing data transfer speed and efficiency for Department of Defense applications. This collaboration seeks to address the increasing complexity of battlefield data, enabling faster decision-making through innovative system architectures that incorporate AI and machine learning. The new technology promises a 5x power reduction and 12x size reduction compared to existing solutions, marking a significant advancement in the defense sector.
Lockheed Martin (NYSE: LMT) will host a live webcast of its third quarter 2022 earnings results on October 18, 2022, at 11 a.m. EDT. Key executives, including CEO James Taiclet and CFO Jay Malave, will present financial results and updates. The earnings report will be available before market opening on the same day. Investors can access the webcast and download financial charts from the Lockheed Martin Investor Relations website. An on-demand replay will be available until November 1, 2022.
The Lockheed Martin Corporation (NYSE: LMT) has announced a $3.00 per share dividend for Q4 2022, an increase of $0.20 from the previous quarter. This dividend will be payable on December 30, 2022, to shareholders on record by the close of business on December 1, 2022. The increase reflects the company's ongoing commitment to returning value to shareholders while maintaining a solid financial position.
Lockheed Martin and AT&T recently demonstrated a significant advancement in military helicopter data transfer, reducing the time from 30 minutes to under 5 minutes using 5G technology. Conducted on August 4, 2022, the test involved the Sikorsky UH-60M Black Hawk and showcased secure interoperability between AT&T's 5G private cellular network and Lockheed Martin's 5G.MIL pilot network. This innovation aims to enhance aircraft readiness, reduce maintenance costs, and ensure timely data analysis critical to military operations.
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