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 (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.
The Finnish Government has officially selected Lockheed Martin's 5th Generation F-35 Lightning II as part of its HX Fighter Program, significantly enhancing regional stability. Finland will acquire 64 F-35A multirole stealth fighters, complemented by a weapons package, sustainment solutions, and a training program. This long-term partnership with Lockheed Martin promises to provide economic and technical benefits to Finnish industries over the next 20 years, fostering local production and sustainment opportunities. The F-35's advanced capabilities offer a strategic advantage for Finnish defense forces.
Nanoracks, in collaboration with Voyager Space and Lockheed Martin, has secured a $160 million contract from NASA to develop the Starlab commercial space station as part of the agency's Low-Earth Orbit Development program. This initiative aims to bolster the commercial space economy and maintain science capabilities before the ISS's retirement. Starlab, designed for operational capability in 2027, will enable continuous human presence in LEO. The project leverages Nanoracks' decade of experience and Lockheed Martin's engineering expertise.
Lockheed Martin (NYSE: LMT) announced the appointment of Robert Lightfoot as the new executive vice president of its Space business area, effective January 1, 2022. Lightfoot, currently vice president of Operations for Lockheed Martin Space, brings 29 years of experience from NASA, including roles such as acting administrator. He succeeds Rick Ambrose, who will retire on March 1, 2022. Ambrose will assist in a smooth transition as a strategic advisor. The company is focused on enhancing security, exploration, and discovery in its missions.
PPG has announced its first commercial sale of 3D printed components, providing Lockheed Martin (NYSE: LMT) with custom ramp seals for the C-130J Super Hercules military aircraft. The ramp seals were produced using PPG's patented ambient reactive extrusion (ARE) technology, which streamlines production and reduces costs by over 30%. This innovative additive manufacturing process minimizes material waste, enhances sustainability, and shortens time-to-market. PPG is enhancing its 3D printing capabilities in collaboration with Cosine Additive.
Lockheed Martin (NYSE: LMT) and Keysight Technologies (NYSE: KEYS) have partnered to enhance 5G communications for defense applications through the development of a 5G.MIL™ testbed. This collaboration aims to innovate mission-critical communication capabilities across various domains. The testbed reached initial operational capability in July, enabling the verification of interoperability and performance with 5G assets. This effort supports the Department of Defense's tactical communications needs and strengthens cyber resiliency while adapting commercial 5G technology for secure operations.
Lockheed Martin (NYSE: LMT) will conduct a live webcast presentation by acting Chief Financial Officer John Mollard at Baird's 2021 Global Industrial Virtual Conference on November 10, 2021, from 9:05 a.m. to 9:35 a.m. EST. Access to the webcast can be found at Lockheed Martin Investor Relations, with an audio replay available for two weeks post-event. Lockheed Martin is a leading global security and aerospace company, employing roughly 114,000 people and focusing on advanced technology systems and services.
Lockheed Martin Corporation (LMT) reported Q3 2021 net sales of $16.0 billion, a slight decline from $16.5 billion in Q3 2020. Net earnings fell to $614 million or $2.21 per share, down from $1.8 billion or $6.25 per share the previous year. Despite stable cash from operations at $1.9 billion, the company anticipates a slight revenue decline in 2022 and low-single-digit growth in upcoming years. A noncash pension settlement charge of $1.7 billion impacted earnings. Lockheed plans to enhance reinvestment while rewarding shareholders through dividends and share repurchases.
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.