Lockheed Martin Stock Price, News & Analysis

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.

Lockheed Martin (NYSE: LMT) will conduct interviews and make same-day hiring decisions for critical F-16 production positions in Greenville, S.C. on Jan. 25. The event will run from 8 a.m. to 5 p.m. and candidates must register online. Positions include structures mechanics, A&P mechanics, and avionics technicians, with new-hire incentives up to $2,000 sign-on bonuses and $5,000 relocation payments. Lockheed Martin is expanding its workforce due to a backlog of 128 F-16s, with future potential for up to 300 more.

Lockheed Martin (LMT), Amazon (AMZN), and Cisco (CSCO) are collaborating to integrate advanced human-machine interface technologies into NASA's Orion spacecraft for the Artemis I mission. This partnership aims to demonstrate how astronauts can leverage voice technology, AI, and video collaboration in deep space. The Callisto demonstration will feature Amazon Alexa and Webex technologies, enabling improved communication and operational efficiency during missions. Scheduled for early 2022, Artemis I will test these capabilities, potentially benefiting future crewed missions and engaging the public in space exploration.

Lockheed Martin (NYSE: LMT) reported significant advancements in its F-35 program for 2021, with Switzerland and Finland selecting the F-35 for their air forces. The operational performance remains strong, with over 80% mission-capable rates. The company achieved 142 F-35 deliveries, employing digital technologies for enhanced efficiency. The F-35 fleet, with over 750 aircraft globally, has logged nearly 470,000 flight hours and has been crucial for U.S. and allied deterrence efforts. The program also boasts substantial training and operational success, with nine nations operating F-35s.

The NASA James Webb Space Telescope successfully launched on December 25, 2021, utilizing the Near Infrared Camera (NIRCam) developed by Lockheed Martin (NYSE: LMT). NIRCam is a crucial component for the telescope, capable of aligning its mirrors and capturing the universe's oldest light. Designed to function in extreme conditions, NIRCam measures light distortions with nanometric accuracy, ensuring optimal telescope performance. This collaboration between Lockheed Martin and the University of Arizona marks over two decades of engineering and innovation, paving the way for groundbreaking astronomical observations.

Lockheed Martin (NYSE: LMT) has partnered with Radisys to enhance its military 5G capabilities using Radisys' 5G software suite. This collaboration aims to field portable 5G base stations in tactical networks, enabling critical communications in areas lacking wired infrastructure. The partnership focuses on developing innovative solutions like 5G-enabled wireless relays and Integrated Access and Backhaul (IAB) to improve military communication efficiency. The project aligns with ongoing demands for advanced 5G technology in defense operations, enhancing the effectiveness of U.S. military forces.