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 third Lockheed Martin-built GPS III satellite, GPS III SV03, successfully launched on June 30, 2020, and is now ascending to its operational orbit using its onboard propulsion system. Following separation from the SpaceX Falcon 9 rocket at Cape Canaveral, it will undergo on-orbit testing and is expected to enhance the GPS constellation offering improved accuracy and anti-jamming capabilities. This satellite contributes to the modernization of the GPS system, benefiting over four billion users globally and supporting significant economic advantages, valued at $300 billion annually.
Lockheed Martin Corporation (NYSE: LMT) has declared a $2.40 per share dividend for the third quarter of 2020. This dividend is set to be paid on Sept. 25, 2020, to shareholders recorded as of the close of business on Sept. 1, 2020. Lockheed Martin is a leading global security and aerospace company based in Bethesda, Maryland, employing approximately 110,000 people worldwide and engaged in advanced technology systems and services.