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.
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.
Lockheed Martin (NYSE: LMT) announces the appointment of Tim Cahill as the new executive vice president of the Missiles and Fire Control (MFC) business area, effective Nov. 1, 2022. Previously, Cahill led Global Business Development & Strategy and has vast experience with major programs including THAAD and PAC-3. He succeeds Scott Greene, retiring after over 41 years, who will assist during the transition. Cahill aims to continue delivering 21st Century Security solutions to U.S. and allied customers globally.
Alloy Enterprises, the first Digital Aluminum Fab, has successfully completed a $3M SAFE financing round led by Lockheed Martin Ventures, raising over $10M in total funding within two years. Alloy's innovative technology produces high-strength aluminum components rapidly, addressing supply chain issues faced by manufacturers. CEO Alison Forsyth emphasizes that this funding accelerates Alloy's commercialization efforts, aligning with Lockheed Martin's goal for a more resilient supply chain. Lockheed Martin Ventures is committed to supporting Alloy in deploying its additive manufacturing technology.
Lockheed Martin's sixth Space Based Infrared System Geosynchronous Earth Orbit (SBIRS GEO-6) satellite has successfully launched and is now under the control of the U.S. Space Force. The satellite enhances missile warning capabilities with advanced infrared surveillance sensors and is crucial for detecting missile launches and supporting defense efforts. This launch marks a significant step towards the next generation of resilient missile warning systems, with the upcoming Next Generation OPIR GEO System promising improved technology and coverage. SBIRS GEO-6 is seen as vital in addressing the evolving missile threat landscape.
Goodyear has partnered with Lockheed Martin to develop lunar mobility vehicles for NASA's Artemis program, enhancing tire technology for extreme lunar conditions. The collaboration builds on Goodyear's legacy, dating back to the Apollo missions. This new venture aims to create tires capable of operating in temperatures ranging from -250°F to over 250°F, addressing the challenges of rugged lunar terrain. By leveraging advanced airless tire technology and lunar soil testing, Goodyear seeks to make significant contributions to lunar exploration and improve tire performance on Earth.
Lockheed Martin reported Q2 2022 net sales of $15.4 billion, down from $17.0 billion in Q2 2021. Net earnings fell to $309 million or $1.16 per share, compared to $1.8 billion or $6.52 per share last year. Non-operational charges totaled $1.7 billion, impacting earnings. Cash from operations and free cash flow remained steady at $1.3 billion and $1.0 billion respectively. Lockheed returned $1.1 billion to shareholders. The company anticipates further impacts on financial performance due to delays in government contracts.
Lockheed Martin (NYSE: LMT) will host a live webcast for its Q2 2022 earnings results on July 19, 2022, at 11 a.m. EDT. Key executives, including CEO James Taiclet and CFO Jay Malave, will present the financial results and discuss significant updates, followed by a Q&A session. The Q2 results will be released before market opening on the same day. An on-demand replay will be available until August 2, 2022.
More information can be found on the Lockheed Martin Investor Relations website.
Lockheed Martin Corporation has elected retired Marine Lt. Gen. Vincent R. Stewart to its board of directors, effective July 15, 2022. Stewart, a former deputy commander of U.S. Cyber Command and director of the Defense Intelligence Agency, brings over 38 years of experience in defense and cybersecurity. His expertise is expected to enhance Lockheed Martin's capabilities in 21st Century Security technologies. Stewart is recognized as an independent director and will contribute to the Classified Business and Security Committee.
Lockheed Martin's Near Infrared Camera (NIRCam) has successfully captured the first image of early light in the universe, marking a significant milestone for the James Webb Space Telescope (JWST). This event was announced at a White House press event on July 11, 2022. NIRCam, built for the University of Arizona at Lockheed Martin's Advanced Technology Center, plays a crucial role in observing the formation of galaxies post-Big Bang. Webb aims to explore cosmic history, including the birth of stars and planetary systems, proving NIRCam's effectiveness in deep-space conditions.
The U.S. government and Sikorsky, a Lockheed Martin company (NYSE: LMT), have signed a five-year contract for 120 H-60M Black Hawk helicopters, with options for up to 255 aircraft. The contract is valued at approximately $2.3 billion, possibly increasing to $4.4 billion. Deliveries will start in July 2022 and extend through 2027. This marks the 10th multi-year contract for Sikorsky and highlights strong ongoing demand for the aircraft among U.S. Army and international clients. The Black Hawk continues to be crucial for Army operations, with upgrades aligned with future technology needs.
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