Lockheed Martin Stock Price, News & Analysis

Kaman Aerospace Group has received a follow-on award from Sikorsky, a Lockheed Martin company, for the HH-60W Combat Rescue Helicopter cockpit. This contract covers deliveries from 2022 through 2025, leveraging Kaman's skilled workforce in Jacksonville, Florida. Vice President William Zmyndak expressed excitement in supporting this U.S. Air Force program and emphasized the commitment to quality and supplier relationships. Kaman Corporation, founded in 1945, operates in aerospace, defense, and industrial markets, providing various aircraft components and solutions.

Lockheed Martin's GOES-T weather satellite was successfully launched on March 1, 2022, from Cape Canaveral, Florida, for the National Oceanic and Atmospheric Administration (NOAA). This advanced satellite will enhance weather forecasting across the Western Hemisphere. GOES-T, set to be renamed GOES-18, features state-of-the-art instruments including a Geostationary Lightning Mapper and Solar Ultraviolet Imager, significantly improving monitoring of severe weather, climate phenomena, and space weather impacts. The satellite is expected to produce over a terabyte of data daily during its operational lifetime.

Lockheed Martin (NYSE: LMT) announced the termination of its acquisition agreement for Aerojet Rocketdyne (NYSE: AJRD) due to a lawsuit from the U.S. Federal Trade Commission (FTC) seeking to block the deal. CEO James Taiclet stated that ending the transaction serves the best interests of stakeholders, despite potential benefits for the industry. Lockheed Martin will focus on capital efficiency and returning value to shareholders while remaining committed to supporting its defense supply chain.

Lockheed Martin (NYSE: LMT) will host a live webcast featuring Chairman, President, and CEO Jim Taiclet at Cowen's 43rd Annual Aerospace/Defense & Industrials Virtual Conference on February 10, 2022, from 10:10 a.m. to 10:50 a.m. EST. Investors and interested parties can access the webcast at lockheedmartin.com/investor. An audio replay will be available for two weeks post-presentation. Lockheed Martin, headquartered in Bethesda, Maryland, focuses on advanced technology systems and employs approximately 114,000 people worldwide.

Lockheed Martin (NYSE: LMT) has appointed Jesus "Jay" Malave as the new chief financial officer, effective immediately. Malave, with over 20 years at United Technologies Corporation and prior roles at L3Harris and Carrier Corporation, brings significant industry expertise. Chairman James Taiclet emphasized Malave's leadership will be vital for the company’s growth amid evolving global challenges. Malave acknowledged Lockheed Martin's robust financial standing and the opportunities it presents. John Mollard remains as vice president and treasurer after serving as interim CFO.

Lockheed Martin (NYSE: LMT) has announced that its LMXT strategic tanker aircraft will be manufactured in Mobile, Alabama, and Marietta, Georgia. This initiative reinforces the company’s commitment to American production and is part of the U.S. Air Force’s KC-Y program. The LMXT, built on the Airbus A330 design, will create job growth and leverage the American workforce. Phase 1 involves producing the aircraft as an A330 airliner in Alabama, while Phase 2 includes its conversion to a tanker in Georgia. The LMXT promises enhanced operational capabilities and supports the U.S. military’s critical missions.

The Lockheed Martin Corporation (NYSE: LMT) has declared a quarterly dividend of $2.80 per share for Q1 2022. This dividend is scheduled for payment on March 25, 2022, to shareholders who are on record as of the close of business on March 1, 2022. The decision reflects the company's ongoing commitment to returning value to its shareholders.

Lockheed Martin Corporation (LMT) reported fourth quarter 2021 net sales of $17.7 billion, up from $17.0 billion in Q4 2020. Net earnings from continuing operations reached $2.0 billion or $7.47 per share, compared to $1.8 billion or $6.38 per share a year ago. Cash from operations surged to $4.3 billion, up from $1.8 billion in Q4 2020. The company announced a potential delay in its acquisition of Aerojet Rocketdyne due to FTC scrutiny. Lockheed Martin aims to maintain strong service and capital allocation strategies in 2022, while returning $7 billion to shareholders in 2021.

Lockheed Martin (NYSE: LMT) will host a live webcast on January 25, 2022, at 11 a.m. EST to discuss its fourth quarter and full year 2021 earnings results. Key executives, including CEO James Taiclet and CFO John Mollard, will present financial results and address key topics during the session. The earnings results will be published before market opening on the same date. Interested parties can find the webcast and financial charts on the Investor Relations website.