|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||362.80 - 366.00|
|52-week range||362.80 - 366.00|
|Beta (5Y monthly)||0.98|
|PE ratio (TTM)||14.22|
|Earnings date||18 Oct 2021 - 22 Oct 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The company said it has appointed Vice President And Treasurer John Mollard as the acting CFO, effective immediately. Mollard has held several positions within the finance and business operations during his almost four-decade stint at Lockheed Martin, the company said in its statement. The surprise departure of Possenriede, who joined the company in February 2019, comes ahead of Lockheed Martin's virtual investor event scheduled on Aug. 5.
The U.S. weapons maker has purchased group annuity contracts from Athene Holding Ltd and will transfer pension obligations and related plan assets for about 18,000 U.S. retirees and beneficiaries to the retirement services provider. Lockheed will take a non-cash charge related to actuarial losses of about $1.7 billion in the third quarter. The contracts were purchased using assets from Lockheed's master retirement trust and no additional funding was used, said the company.
(Bloomberg) -- Athene Holding Ltd. agreed to take on $4.9 billion of pension obligations from defense contractor Lockheed Martin Corp., the largest such deal ever for the insurer.Athene will provide benefits to about 18,000 participants in Lockheed’s pension plan, according to a statement from the Apollo-backed insurer. The deal follows a 2018 agreement between the two companies, in which Athene assumed $800 million in obligations tied to around 9,000 retirees and beneficiaries of the aerospace