Lockheed Martin Stock Price, News & Analysis

Lockheed Martin Corporation (LMT) reported Q1 2022 net sales of $15.0 billion, down from $16.3 billion in Q1 2021. Net earnings were $1.7 billion or $6.44 per share, compared to $1.8 billion or $6.56 per share in the prior year. Cash from operations decreased to $1.4 billion, and free cash flow fell to $1.1 billion. The company returned $2.8 billion to shareholders via buybacks and dividends while reaffirming its financial outlook for the year.

Lockheed Martin (NYSE: LMT) will host a live webcast for its first quarter 2022 earnings results on April 19, 2022, at 11 a.m. EDT. The session will feature James Taiclet, CEO, and other executives discussing the financial results and key updates. Investors can access results before market opening on the same day. The webcast will also be available for on-demand replay until May 3, 2022. For more information, visit the Lockheed Martin Investor Relations website.

The recent collaboration between DARPA, AFRL, Lockheed Martin (LMT), and Aerojet Rocketdyne (AJRD) successfully flight-tested the Hypersonic Air-breathing Weapon Concept (HAWC), achieving speeds over Mach 5 and altitudes exceeding 65,000 feet. This historic milestone showcases the potential of air-breathing hypersonic systems as effective responses to emerging security threats. Lockheed Martin's commitment to leveraging advanced technology and partnerships highlights its role in advancing hypersonic capabilities for U.S. defense.

Lockheed Martin (NYSE: LMT) and Intel (Nasdaq: INTC) signed a memorandum of understanding to enhance 5G communication solutions for the Department of Defense. This collaboration aims to deliver secure 5G.MIL® solutions, allowing faster, data-driven decisions for military operations. The partnership builds on a decade of collaboration, integrating Intel's technologies into Lockheed's 5G Hybrid Base Station, which facilitates seamless communication across multiple platforms. Their joint efforts also include developments in secure computing and network infrastructure crucial for modern defense capabilities.

Stratasys Ltd. (NASDAQ: SSYS) has released baseline material qualification data for Antero 840CN03, developed in collaboration with Lockheed Martin (NYSE: LMT) and Metropolitan State University of Denver. This data supports the use of Antero 840CN03 in aerospace applications, including components for the Orion spacecraft, utilizing Stratasys 3D printers. The material is designed for high thermal and chemical resistance, meeting NASA's outgassing and ESD performance requirements. Over 280 test coupons were printed and tested for tensile strength, confirming the material's high performance.

Lockheed Martin (NYSE: LMT) is set to host hiring events on March 28 in Valencia, California, and March 29 in Lancaster, California. These events will focus on interviews and same-day hiring for various critical positions including engineering and manufacturing. Candidates may receive up to $50,000 in sign-on bonuses. The hiring initiative supports long-term contracts worth over $400 million in capital investments, reflecting the company’s growth strategy in California’s aerospace sector.

Lockheed Martin (NYSE: LMT) recently celebrated a significant milestone with the delivery of its 500th C-130J Super Hercules airlifter to the West Virginia Air National Guard's 130th Airlift Wing. This delivery is part of the U.S. government's ongoing transition to the C-130J as a common platform across multiple branches of military service. The C-130J-30 model boasts improved capacity and efficiency, including 30% more passengers, 14% better fuel efficiency, and advanced avionics. The global C-130 fleet has achieved over 2 million flight hours and continues to support diverse mission profiles worldwide.

Lockheed Martin (NYSE:LMT) has appointed John Clark as vice president and general manager of Advanced Development Programs (Skunk Works), effective April 4, succeeding retiring Jeff Babione. Clark brings over 23 years of experience at the company, previously serving as vice president of Engineering & Technology and ISR & UAS for Skunk Works. His focus includes customer relations and collaboration to meet evolving threats. Babione, who served for nearly 30 years, is recognized for his contributions to major fighter programs like the F-16 and F-35.