Lockheed Martin Stock Price, News & Analysis

The U.S. government and Lockheed Martin (NYSE: LMT) have submitted a best and final offer (BAFO) for the F-35 fighter jets to Finland on April 29, 2021. This offer includes a comprehensive package with F-35A aircraft and tailored sustainment solutions. The F-35 is presented as the most affordable option for Finland's future air force needs, providing high-tech job opportunities and lasting industrial collaboration for over 20 years. The aircraft is considered the most advanced and cost-effective 5th Generation fighter, with 13 nations already selecting it for service.

Lockheed Martin Corporation (NYSE: LMT) has announced a dividend of $2.60 per share for the second quarter of 2021. This dividend will be payable on June 25, 2021, to shareholders recorded as of the close of business on June 1, 2021. This action reflects the company's ongoing commitment to return value to its shareholders while supporting its strategic initiatives.

ORock Technologies, in collaboration with Intel and Lockheed Martin, has launched ORockCloud with Hardened Security, a cutting-edge hybrid cloud solution designed for commercial and federal organizations. This offering enhances security, performance, and latency predictability for mission-critical workloads and high-performance computing (HPC) applications. The solution integrates advanced security measures with Intel's 2nd Gen Xeon Scalable processors, ensuring data confidentiality and availability. As an Intel Select Solutions provider, ORock aims to transform organizations' defense against cyber threats by delivering a secure cloud platform.

Lockheed Martin Corporation (LMT) reported first-quarter 2021 net sales of $16.3 billion, up from $15.7 billion in 2020. Net earnings rose to $1.8 billion or $6.56 per share, compared to $1.7 billion or $6.08 per share last year. Cash from operations was $1.7 billion, down from $2.3 billion in the first quarter of 2020. The quarter included unrealized gains of $68 million from the Ventures Fund, offset by $36 million in severance and restructuring charges. Lockheed anticipates continued growth while managing operational challenges due to COVID-19.

On April 13 and 15, 2021, Sikorsky's S-97 RAIDER helicopter showcased advanced maneuverability and speed during demonstrations at Redstone Arsenal, Alabama. This event aimed to support Sikorsky's bid for the U.S. Army's Future Attack Reconnaissance Aircraft (FARA) program. The S-97 RAIDER is the only FARA candidate currently flying, contributing to risk reduction for its next-generation RAIDER X model. Sikorsky emphasizes its digital thread approach, enhancing aircraft lifecycle sustainability and operational readiness, crucial in addressing evolving military needs.

Lockheed Martin (NYSE: LMT) will host its first quarter 2021 earnings results webcast on April 20, 2021, at 11 a.m. EDT. James Taiclet, the company's CEO, along with CFO Ken Possenriede and VP of Investor Relations Greg Gardner, will discuss the financial results and key updates. The first quarter results will be published before the market opens on the same day. An on-demand replay of the webcast will be available until May 4, 2021. For more details, visit Lockheed Martin Investor Relations.

Lockheed Martin (NYSE: LMT) has announced leadership changes within its F-35 Lightning II Program. Bridget Lauderdale has been appointed vice president and general manager, succeeding Greg Ulmer, who moved to executive vice president on Feb. 1. Doug Wilhelm will take over as permanent vice president and deputy general manager of the F-35 Program. Bill Brotherton, previously acting vice president, is now vice president of Aeronautics Enterprise Performance. These changes, effective April 12, aim to enhance program performance and customer engagement.

Lockheed Martin (LMT) has signed a long-term agreement with ABL Space Systems to launch up to 58 RS1 rockets by 2029. This deal allows Lockheed Martin to accelerate its payload technologies into orbit, using a variety of U.S. and international launch sites, including Vandenberg and Cape Canaveral. The partnership provides ABL with a stable launch schedule, essential for its growth. The RS1 can carry up to 2,976 lbs (1,350 kg) to low Earth orbit, supporting diverse mission needs like climate monitoring and earth observation.