$LMT (Lockheed Martin Corporation)

$LMT {{ '2016-07-19T12:00:36+0000' | timeago}} • Announcement

$LMT posted higher earnings in 2Q16, helped by recognition of additional income tax benefits by the adoption of a new accounting standard for employee share-based payment awards compared to 2Q15. Net earnings were $1Bil or $3.32 per diluted share versus $929MM or $2.94 per diluted share last year. Net sales were $12.9Bil, up from $11.6Bil in 2Q15.

$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.

$LMT {{ '2017-07-18T14:35:26+0000' | timeago}} • Infographic

$LMT Lockheed Martin Corp. Earnings AlphaGraphics: Q2 2017 highlights

$LMT {{ '2017-07-18T13:39:22+0000' | timeago}} • Announcement

$LMT's net sales in the Aeronautics segment in 2Q17 rose 19% YoY, primarily due to higher volume on aircraft production. Missiles and Fire Control net sales fell 3% due to lower deliveries on certain programs, while Rotary and Mission Systems sales grew 3% on certain adjustments recorded in 2016. Meanwhile, Space Systems' sales grew 9% in 2Q17.

$LMT {{ '2017-07-18T13:31:26+0000' | timeago}} • Announcement

For the second time, $LMT raised its 2017 profit forecast. It now expects net earnings in the range of $12.30–12.60 per share, compared to the earlier forecast of $12.15–12.45 per share announced in April. The Bethesda, Maryland-based company also raised its sales outlook to $49.8-51Bil vs the earlier projection of $49.5-50.7Bil.

$LMT {{ '2017-07-18T13:24:18+0000' | timeago}} • Announcement

Aerospace and defense major $LMT reported net sales of $12.7Bil in 2Q17, up 8.6%, primarily due to higher sales in the Aeronautics segment. Net earnings for the quarter fell to $942MM, or $3.23 per share, compared to $1.02Bil, or $3.32 per share a year ago.

$LMT {{ '2017-07-12T20:45:44+0000' | timeago}} • Announcement

$LMT received a $471MM contract from the U.S. Army for lot 12 production of Guided Multiple Launch Rocket System rockets. The work will be performed at the $LMT facilities in Camden, Arkansas, and Dallas. All production deliveries are expected to be completed by the summer of 2019.

$LMT {{ '2017-07-10T16:28:04+0000' | timeago}} • Announcement

$LMT received a direct commercial sale contract from the Bahrain Defense Force (BDF) to provide Sniper Advanced Targeting Pods (ATP) for its F-16 fleet, becoming the 25th international customer for the program. Under the $22.45MM contract, $LMT will deliver ATPs, spares and support equipment for integration.

$LMT {{ '2017-07-10T12:52:45+0000' | timeago}} • Announcement

$LMT received a $288MM contract from the U.S. Army to modernize its live training program. As the prime contractor, $LMT will partner with Saab to provide a simplified training solution that combines multiple vehicle crew training systems into a single product line.

$LMT {{ '2017-07-07T15:54:40+0000' | timeago}} • Announcement

$LMT said it has been selected by Polish Armament Group for further negotiations with regard to development of the Polish Homar program, based on the Lockheed Martin High Mobility Artillery Rocket System. The program envisages in-country defense technology modernization.

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