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Lockheed Martin Corporation (LMT) delivers cutting-edge aerospace systems and defense technologies that shape global security infrastructure. This dedicated news hub provides investors and industry professionals with authoritative updates on LMT's strategic developments.
Access real-time press releases covering quarterly earnings, government contract awards, and advanced technology initiatives. Our curated feed includes updates across all operational segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.
Monitor critical developments including defense program milestones, international partnership announcements, and next-generation innovation breakthroughs. Stay informed about LMT's role in national security projects and space exploration advancements through verified primary sources.
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Lockheed Martin (NYSE: LMT) is set to add over 300 new jobs at its Greenville, South Carolina facility by the end of 2022, focusing on F-16 production and sustainment. The hiring initiative includes sign-on bonuses up to $2,000 and relocation payments of $5,000. Roles open include airframe mechanics, avionics technicians, and more, with robust training available. The company emphasizes its commitment to supporting military veterans, with approximately 35% of current employees being veterans. Lockheed Martin's economic impact in the region is around $100 million annually.
Lockheed Martin Corporation (NYSE: LMT) has elected John M. Donovan to its board of directors, effective immediately. Recognized as an 'independent director', Donovan has extensive experience, previously serving as CEO of AT&T Communications until 2019. He held prominent roles at AT&T, VeriSign Inc., and Deloitte Consulting, contributing to his expertise in technology and operations. Donovan will join the Classified Business and Security Committee, enhancing the board's strategic capabilities. This appointment comes as Lockheed Martin continues to strengthen its governance and leadership.
Nanoracks, in collaboration with Voyager Space and Lockheed Martin (NYSE: LMT), is developing Starlab, the first free-flying commercial space station, expected to be operational by 2027. This continuously crewed platform aims to support research and industrial activities in low-Earth orbit. The initiative responds to growing demand for space services, focusing on materials research and astronaut activities. With extensive experience in space utilization and engineering, the team plans to leverage their expertise to create an economically sustainable and valuable platform for global customers.
Lockheed Martin (NYSE: LMT) announced it will host a live webcast for its third quarter 2021 earnings results on October 26, 2021, at 11 a.m. EDT. Key executives, including CEO James Taiclet, will discuss financial outcomes and updates on significant topics. Earnings results will be released before the market opens on the same day. An on-demand replay will be accessible until November 9, 2021. Investors can find relevant financial charts and the webcast on Lockheed Martin's Investor Relations website.
Lockheed Martin (NYSE: LMT) successfully launched the Lucy spacecraft from Cape Canaveral Space Force Station on October 16, 2021, marking a significant milestone in NASA's mission to explore the Trojan asteroids. The spacecraft is designed for a 12-year journey, covering 4 billion miles, and aims to study these ancient rocks, believed to provide insights into the solar system's origins. With advanced technology and a team of 500 professionals involved, Lucy sets the stage for groundbreaking scientific exploration.
Lockheed Martin (NYSE: LMT) announced the retirement of Space Executive Vice President Richard F. Ambrose, effective March 1, 2022, after over 20 years with the company. Ambrose has held various significant roles, including leading the company's $11 billion Space portfolio, which supports national security and commercial customers. Following the announcement of his successor, he will assist as a strategic advisor to ensure a smooth transition. Lockheed Martin expressed gratitude for Ambrose's contributions and leadership during his tenure.
Lockheed Martin (NYSE: LMT) has inaugurated a new hypersonic strike production facility in Courtland, Alabama, enhancing its advanced manufacturing capabilities. The 65,000-square-foot facility will support the U.S. Department of Defense's hypersonic programs, including Conventional Prompt Strike and Long Range Hypersonic Weapon. This facility integrates cutting-edge digital technologies to increase efficiency and output. Additionally, the expansion is expected to create approximately 70 new jobs, contributing to the region's workforce development.
The F-35 Joint Program Office and Lockheed Martin have finalized a production rebaseline, enhancing stability in the F-35 aircraft manufacturing process. Lockheed Martin plans to deliver 133-139 aircraft in 2021, increasing to 151-153 in 2022, and 156 annually from 2023. Over 700 F-35s are operational globally, supported by extensive pilot and maintainer training. The company, headquartered in Bethesda, Maryland, is involved in advanced technology systems and services, employing around 114,000 personnel.
Lockheed Martin Corporation (NYSE: LMT) announced an increase in its quarterly dividend by $0.20 to $2.80 per share, set for payment on December 27, 2021. The board also authorized an additional $5 billion in share repurchases, bringing the total authorization to approximately $6 billion. This move reflects the company's robust capital allocation strategy aimed at enhancing shareholder value.
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