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.
Lockheed Martin (NYSE: LMT) announced that Chairman, President and CEO Jim Taiclet and CFO Jay Malave will participate in a fireside chat at Citi's 2025 Global Industrial Tech and Mobility Conference. The event is scheduled for Thursday, February 20, from 8:00 a.m. to 8:40 a.m. ET.
The presentation will be accessible via live webcast on Lockheed Martin's investor relations website. Interested parties who cannot attend the live session can access a replay of the presentation, which will remain available for two weeks following the event.
Lockheed Martin (NYSE: LMT) announced that CFO Jay Malave will participate in a fireside chat at the TD Cowen 46th Annual Aerospace & Defense Conference. The event is scheduled for Thursday, February 13, from 8:30 a.m. to 9:10 a.m. ET.
The presentation will be accessible via live webcast on the company's investor relations website at lockheedmartin.com/investor. For those unable to attend the live session, a replay will remain available for two weeks following the presentation.
Lockheed Martin (NYSE: LMT) has delivered its first F-16 Block 70 jet to Bulgaria, marking a significant milestone in Bulgaria's air force modernization efforts. The delivery ceremony took place in Greenville, South Carolina, with Bulgarian Defence Minister Atanas Zapryanov and other officials in attendance.
Bulgaria has ordered a total of 16 aircraft. The F-16 Block 70 will enhance Bulgaria's role in allied peacekeeping missions in Europe and globally. Lockheed Martin currently has a backlog of 117 F-16 Block 70/72 jets to be produced at its Greenville facility, with 23 already delivered to international partners. The F-16 program supports over 46,000 American jobs.
Lockheed Martin (NYSE: LMT) has secured a $383 million contract modification from the U.S. Navy for the development of the next-generation Trident II Strategic Weapons System D5 missile. The project, known as Trident II D5 Life Extension 2 (D5LE2), will modernize missiles for COLUMBIA-class ballistic missile submarines, ensuring strategic weapon system credibility through 2084.
As part of this initiative, Lockheed Martin is constructing a new 225,000 square foot facility in Titusville, Florida, dedicated to D5LE2 component production. The facility, scheduled to begin operations in 2027, will create approximately 300 new highly-skilled jobs in Florida's Space Coast region.
The D5 missile, currently deployed on U.S. OHIO-class and U.K. VANGUARD-class submarines, represents the world's most advanced ballistic missile technology. This year marks Lockheed Martin's 70th year of supporting the Navy's Fleet Ballistic Missiles program.
Lockheed Martin (NYSE: LMT) has announced its dividend for the first quarter of 2025. The company's board of directors has authorized a quarterly dividend payment of $3.30 per share. Shareholders who are recorded as holders by the close of business on March 3, 2025, will receive the dividend payment on March 28, 2025.
Lockheed Martin (LMT) reported a 5% increase in net sales to $71.0 billion for 2024, with fourth quarter sales of $18.6 billion. The company faced significant challenges with pre-tax losses of $1.7 billion in Q4 and $2.0 billion for the full year from classified programs, impacting earnings per share by $5.45 and $6.16 respectively.
Net earnings for 2024 were $5.3 billion, or $22.31 per share, down from $6.9 billion ($27.55 per share) in 2023. The company generated $7.0 billion in cash from operations and $5.3 billion in free cash flow after a $990 million pension contribution. LMT achieved a record backlog of $176.0 billion by year-end and returned $6.8 billion to shareholders through dividends and share repurchases.
KX and SiXworks, an IBM company, have announced a collaboration to provide secure data analytics and visualization tools to the UK Ministry of Defence (MOD) and other defense sectors. The partnership combines KX's high-performance analytical database, kdb+, with SiXworks' secure deployment capabilities.
The solution addresses the critical need for time-sensitive analytics in defense operations, featuring a high-performance data processing engine, secure-by-design hosting environment, and integration with development frameworks. The toolset enables real-time decision-making and improved situational awareness while maintaining strict security standards.
The collaboration initially focuses on serving the MOD but has potential for broader implementation across EMEA and global defense operations. This partnership follows KX's earlier collaboration with Lockheed Martin's Skunk Works® division.
Lockheed Martin (NYSE: LMT) has secured a $270 million contract from the U.S. Air Force to integrate next-generation infrared defensive sensors on the F-22 Raptor. The upgrade includes the implementation of distributed embedded TacIRST sensors, known as the Infrared Defensive System (IRDS), designed to enhance aircraft survivability and lethality.
The company will manage IRDS integration not only on the F-22 but also on other platforms. This modernization effort aims to improve pilot mission survivability against current and future threats while maintaining U.S. air superiority through advanced threat-detection capabilities.
Lockheed Martin (NYSE: LMT) has scheduled its fourth quarter and full year 2024 earnings results conference call for Tuesday, January 28, 2025, at 11 a.m. ET. The webcast will be available in listen-only mode. Chairman, President and CEO James Taiclet, along with CFO Jay Malave and VP of Treasury and Investor Relations Maria Ricciardone, will present the results, provide key updates, and conduct a Q&A session.
The company will release its Q4 and full-year 2024 results before market opening on January 28. The presentation slides and financial charts will be accessible on Lockheed Martin's investor website. An on-demand replay will be available through February 11, 2025, and a podcast will also be provided.
Lockheed Martin successfully launched its seventh GPS III satellite (GPS III SV07) into orbit from Cape Canaveral Space Force Station. The launch occurred on December 16, 2024, at 7:52 p.m. ET, placing the satellite 12,550 miles above Earth. Notable aspects of this launch include:
The mission demonstrated rapid deployment capabilities, with only three months from call-up to launch. The satellite was transported by ground instead of air due to military aircraft being engaged in hurricane relief efforts, covering 2,337 miles to reach its launch site. The GPS III SV07 features M-code technology, providing up to eight times more anti-jamming power than GPS II satellites, enhancing secure access for U.S. and allied armed forces.