$LMT (Lockheed Martin Corporation)

$LMT {{ '2016-07-12T06:46:20+0000' | timeago}} • Announcement

$LMT said it has started an exchange offer to separate its Information Systems & Global Solutions segment. In the proposed transaction, Abacus Innovations Corporation, a wholly-owned subsidiary of $LMT created to facilitate the transaction, will merge with a subsidiary of $LDOS and become a wholly-owned subsidiary of $LDOS.

$LMT {{ '2017-11-14T16:08:09+0000' | timeago}} • Announcement

$LMT received a $44.1MM contract from the U.S. Air Force to produce Intelligent Test Instrumentation Kits (iTIK) to be used on Joint Air-to-Surface Standoff Missile (JASSM) flight tests for telemetry and flight termination purposes. This contract for iTIKs provides benefits across multiple missile programs.

$LMT {{ '2017-11-07T20:28:11+0000' | timeago}} • Announcement

$LMT received a contract from the the U.S. Postal Service (USPS) to provide next generation package processing systems. The Indefinite Delivery Indefinite Quantity (IDIQ) contract, with a maximum potential value of $215MM, will provide up to 10 Enhanced Package Processing Systems (EPPS).

$LMT {{ '2017-11-06T17:48:40+0000' | timeago}} • Announcement

The Air Force Research Lab (AFRL) awarded $LMT a $26.3MM contract for the design, development and production of a high power fiber laser. AFRL plans to test the laser on a tactical fighter jet by 2021.

$LMT {{ '2017-10-24T20:36:33+0000' | timeago}} • Webcast

Effective Jan 1, 2018, $LMT will adopt new accounting standards. $LMT expects FY17 sales under the new methodology to be about 2% lower than the current methodology, while segment operating profit will be comparable under both the old and new methodologies. As a result, $LMT expects segment operating margin to increase to around 10.3%.

$LMT {{ '2017-10-24T13:36:11+0000' | timeago}} • Infographic

$LMT Lockheed Martin Earnings AlphaGraphic: Q3 2017 Highlights

$LMT {{ '2017-10-24T12:44:53+0000' | timeago}} • Announcement

$LMT's 5% revenue increase in 3Q17 was primarily driven by its Aeronautics segment, where sales grew 14% to $4.7Bil. The unit also provided fillip to its total backlog for the quarter, which grew 8% to $103.6Bil.

$LMT {{ '2017-10-24T12:32:58+0000' | timeago}} • Announcement

$LMT raised its outlook for FY17 net sales and diluted EPS. The Bethesda, Maryland - based company now expects net sales of $50-51.2Bil, vs the prior guidance of $49.8-51Bil. EPS outlook range was raised to $12.85 – 13.15, compared to the earlier outlook of $12.30 – 12.60.

$LMT {{ '2017-10-24T12:20:07+0000' | timeago}} • Announcement

Investors sent $LMT shares down over 1% in pre-market trading after the aerospace and defense company posted 3Q17 net earnings from continuing operations of $939MM, or $3.24 per share, lower than $1.1Bil, or $3.61 per share a year ago. Meanwhile, net sales for the quarter grew over 5% to $12.2Bil.

$LMT {{ '2017-10-09T12:06:28+0000' | timeago}} • Announcement

The US Missile Defense Agency awarded $LMT a nine-month, $9.4MM contract to develop a Low Power Laser Demonstrator missile interceptor. The concept will be used to intercept missile threats with directed energy, during the missile's boost phase. The speed and precision of laser systems make them potential options for future missile defense system.

$LMT {{ '2017-09-28T20:35:33+0000' | timeago}} • Announcement

$LMT BoD has authorized the purchase of up to an additional $2Bil of Lockheed Martin common stock under its share repurchase program. With this, the total remaining authorization for future repurchases under the share repurchase program is approx $4Bil.

$LMT {{ '2017-09-28T19:14:18+0000' | timeago}} • Announcement

The BoD of $LMT has authorized a 4Q17 dividend of $2 per share, representing a 10% increase or $0.18 per share over last quarter. The dividend is payable on Dec 29, 2017 to holders of record as on Dec 1, 2017.

$LMT {{ '2017-09-12T15:31:14+0000' | timeago}} • Announcement

The US Air Force awarded $LMT a $45.5MM contract to provide Military Code (M-Code) Early Use capability to the GPS. M-Code is an advanced, new signal designed to improve anti-jamming and protection from spoofing.

$LMT {{ '2017-08-30T18:26:21+0000' | timeago}} • Announcement

$LMT has appointed Stephanie Hill as SVP for Corporate Strategy and Business Development and a corporate officer, effective Sept 11, 2017. Hill is currently the VP of Lockheed Martin's Cyber, Ships & Advanced Technologies.

$LMT {{ '2017-08-24T11:23:29+0000' | timeago}} • Announcement

$LMT received a $900MM contract from the US Air Force to develop and mature technologies for the Long Range Stand Off missile program. Terms of the Technical Maturation and Risk Reduction contract were not disclosed.

$LMT {{ '2017-08-14T17:13:01+0000' | timeago}} • Announcement

$LMT has received a $161MM production contract for the Army Tactical Missile System missile for the US Army. The missiles will be produced at Lockheed Martin's Precision Fires Production Center of Excellence in Camden, Arkansas.

$HRS {{ '2017-08-09T16:54:04+0000' | timeago}} • Announcement

$HRS has delivered the third of 10 advanced navigation payloads to $LMT, which will increase accuracy, signal power and jamming resistance for US Air Force GPS III satellites. The payload is expected to be integrated into GPS III Space Vehicle 3 this summer.

$MTRX {{ '2017-08-08T16:04:09+0000' | timeago}} • Announcement

$MTRX's subsidiary Matrix PDM Engineering has begun advance procurement of long-lead items needed for the construction of the thermal vacuum chamber at $LMT's new Gateway Center. Matrix PDM Engineering also performed the front-end engineering design (FEED) study, as well as the detail engineering design.

$LMT {{ '2017-08-03T17:14:06+0000' | timeago}} • Announcement

$LMT received a $26.5MM contract award from the US Navy to produce Enhanced Laser Guided Training Rounds. The contract includes a base year order with options for four additional years.

$LMT {{ '2017-07-19T15:44:40+0000' | timeago}} • Webcast

$LMT said it delivered 34 aircraft so far in 2017 and is on track to deliver 36 by the end of July. The company expects five international deliveries to take place in 2H17, and close the year with a total of 66 aircraft deliveries.

$LMT {{ '2017-07-19T15:11:05+0000' | timeago}} • Webcast

Revolving around the recent US-Saudi Arabia security deals, $LMT said the kingdom has expressed its intent to procure over $28Bil worth of Lockheed Martin products and services, touching each of its four business areas. The company stressed the growth potential of this deal on its portfolio.

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