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 reports developments across its defense technology programs, including military aircraft, missile defense, space systems, and command-and-control platforms. Recurring updates cover F-35 and F-16 aircraft activity, Skunk Works® technologies such as the MDCX™ platform, layered missile defense programs using THAAD, PAC-3 and related interceptor experience, and GPS satellite production and launches.
Company news also includes U.S. and allied customer selections, contract awards, quarterly operating results, capital and production initiatives, and leadership changes within major businesses such as Aeronautics and Space.
The Missile Defense Agency has selected Lockheed Martin (LMT) and Aerojet Rocketdyne (AJRD) for a $3.7 billion contract to develop the Next Generation Interceptor (NGI). This project aims to modernize the current Ground-based Midcourse Defense system and enhance U.S. missile defense against intercontinental ballistic missiles. The NGI will feature an all-up-round design, integrating a booster and hit-to-kill payload, with launch facilities at Ft. Greely, AK, and Vandenberg AFB, CA. Lockheed Martin's advanced system is expected to improve operational reliability and threat response capabilities.
Omnispace and Lockheed Martin have initiated a strategic partnership to develop a global 5G network using non-terrestrial satellites. This innovative network aims to provide reliable communication for commercial, government, and military applications worldwide. Utilizing Omnispace's 2 GHz S-band spectrum rights, the proposed system will allow direct device connectivity, enhancing global mobile communications. Both companies emphasize the potential of this collaboration to transition seamlessly between satellite and traditional networks, enabling low-latency connections.
Lockheed Martin (LMT) and NEC Corporation have inked a joint collaboration agreement focusing on NEC's System Invariant Analysis Technology (SIAT) to enhance system diagnostics. The partnership aims to improve the speed and efficiency of spacecraft development, particularly for NASA's Artemis mission. Lockheed Martin will integrate SIAT into its T-TAURI AI service, boosting proactive anomaly detection and operational efficiency. Previous applications of this technology include analyzing extensive telemetry data from the Orion vehicle, where it established over 22 billion logical relationships, enabling faster and more accurate assessments.
Lockheed Martin (NYSE: LMT) and NEC Corporation have signed a joint collaboration agreement to enhance their partnership using NEC's System Invariant Analysis Technology (SIAT). This agreement focuses on improving AI and machine learning capabilities, impacting spacecraft development for NASA's Artemis mission. The integration of SIAT into Lockheed Martin's T-TAURI platform enables proactive anomaly detection throughout the design and production phases. The partnership aims to streamline processes and enhance efficiency, leveraging advanced analytics for significant data analysis from the Orion vehicle.
Lockheed Martin (NYSE: LMT) will webcast a presentation by President and CEO James Taiclet at Citi's 2021 Global Industrials Virtual Conference on Feb. 17, 2021, from 9:40 a.m. to 10:20 a.m. EST. The webcast can be accessed via Lockheed Martin's investor page, with an audio replay available for two weeks post-presentation. Lockheed Martin is based in Bethesda, Maryland, employing around 114,000 people globally, focusing on advanced technology systems and services.
Lockheed Martin (NYSE: LMT) will host a live webcast featuring CFO Ken Possenriede at the Barclays Industrial Select Conference on February 17, 2021, from 2:10 p.m. to 2:40 p.m. EST. The event can be accessed through the company’s investor relations page at lockheedmartin.com/investor, with an audio replay available for two weeks post-presentation. Based in Bethesda, Maryland, Lockheed Martin is a leading security and aerospace firm employing around 114,000 individuals globally.
The Lockheed Martin Corporation (NYSE: LMT) announced the election of President and CEO James D. Taiclet as chairman of the board, effective March 1. Marillyn A. Hewson will retire as executive chairman but will serve as a strategic advisor until Feb. 28, 2022. Under Hewson's leadership, the company achieved strong performance in 2020. The board also appointed Gregory M. Ulmer as executive vice president of Aeronautics, effective Feb. 1, following a tenure of leadership in the F-35 program.
Lockheed Martin Corporation (NYSE: LMT) has announced a first quarter 2021 dividend of $2.60 per share, payable on March 26, 2021. Shareholders on record as of the close of business on March 1, 2021 will be eligible to receive this dividend. The company, headquartered in Bethesda, Maryland, continues its operations in advanced technology systems for security and aerospace, employing approximately 114,000 individuals globally.
Lockheed Martin Corporation (LMT) reported a strong fourth quarter for 2020, with net sales rising to $17.0 billion from $15.9 billion in 2019. Net earnings from continuing operations reached $1.8 billion ($6.38 per share), an increase from $1.5 billion ($5.29 per share) the previous year. For the entire year, net sales were $65.4 billion, up from $59.8 billion. The company also announced plans to acquire Aerojet Rocketdyne for $4.4 billion, aiming to enhance its propulsion systems and produce cost synergies. Cash from operations was $8.2 billion, reflecting robust operational efficiency.
On January 25, 2021, Sikorsky and Boeing introduced the DEFIANT X helicopter for the U.S. Army's Future Long-Range Assault Aircraft competition. Engineered to be the fastest and most maneuverable assault helicopter, DEFIANT X aims to transform military air operations. It boasts double the range and speed of the Black Hawk helicopter, enhancing survivability with advanced X2 Technology. The Army's request for proposal is anticipated later this year, with contracts expected in 2022. This collaboration highlights their extensive experience, having developed 90% of the U.S. Army’s military rotorcraft.