LMT - Lockheed Martin Corporation

NYSE - NYSE Delayed price. Currency in USD
381.38
-0.48 (-0.13%)
At close: 4:02PM EST

381.38 0.00 (0.00%)
After hours: 7:20PM EST

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Trade prices are not sourced from all markets
Previous close381.86
Open379.51
Bid381.38 x 1000
Ask383.49 x 900
Day's range379.31 - 383.41
52-week range241.18 - 399.96
Volume554,878
Avg. volume1,075,712
Market cap108.803B
Beta (3Y monthly)0.95
PE ratio (TTM)18.13
EPS (TTM)21.03
Earnings date27 Jan 2020 - 31 Jan 2020
Forward dividend & yield9.60 (2.53%)
Ex-dividend date2019-11-29
1y target est402.89
  • Pentagon Gets a Fix for F-35 Bug in $400,000 Pilot Helmets
    Bloomberg

    Pentagon Gets a Fix for F-35 Bug in $400,000 Pilot Helmets

    (Bloomberg) -- The U.S. military may have finally found a way to fix a glitch with the world’s most high-tech helmet used by pilots flying the most expensive fighter jet in history.A bug in the $400,000 helmet display screen used by F-35 aviators caused a green glow when flying in very low-light conditions and is now expected to be overcome by using a different type of semiconductor illumination.The distracting green glow was deemed so critical that restrictions were imposed on some night landings on aircraft carriers, and the fault was classified as a “Priority One” fix by the Pentagon’s test office. Jittery lines were also visible to some pilots.Defense giant Lockheed Martin Corp. has been contracted by the F-35 Joint Program Office for the redesign, modifying headpieces by installing new organic light-emitting diodes to replace traditional liquid crystal displays.“In partnership with the F-35 Joint Program Office and our U.S. Navy customer, we’ve been working to transition the helmet technology from a traditional LCD to an Organic LED system,” Program Manager Jim Gigliotti said by email. Lockheed Martin did not provide a figure for the number of helmets requiring modification or the upgrade cost.OLED technology can provide a number of manufacturing and user benefits over older LCD alternatives, including the use of flexible screens, improved picture quality and quicker response times, and are used in flat-panel TVs, smartphones and digital wristwatches. OLED benefits, however, may come at the cost of shorter screen lifespans.The contract announcement for new helmet displays comes just days before a joint hearing of House Armed Services Committee panels into the troubled $406 billion F-35 program, the most expensive weapon project in history.The project has been plagued by problems during its two-decade development phase. Last year, the Government Accountability Office said the project had 966 outstanding glitches, with more than 150 not expected to be resolved before full-rate production.And the stealthy jet is still months away from the completion of rigorous combat testing against potential adversaries’ defense systems. Nevertheless, the Pentagon is confident in the aircraft’s abilities. A $34 billion follow-on award was made last month for 478 more fighters, taking the existing production count toward 1,000 planes -- out of a planned total of at least 3,100.The F-35 is available in three variants and is used by the Air Force, Navy and Marine Corps. More than 10 countries have committed to buy the airplane, including Japan, South Korea, Britain, Israel, Australia and the Netherlands.The state-of-the-art helmets are made as part of a joint venture by Rockwell Collins Inc. and Elbit Systems of America. The shells combine Kevlar and carbon fiber, and custom-made to snugly fit the cranial contours of each pilot. Replacements can be made using a database of head measurements kept for each pilot.One high-tech feature of the helmet display is an ability for a pilot to see video imagery of where they will land simply by looking down during vertical descent. Weapon lock-on can be achieved by looking at targets through the helmets.“We’re in the process of developing, improving and fielding the new system and the feedback from users has been extremely positive,” Gigliotti said. The pilots are “excited to get this new equipment.”To contact the reporter on this story: Pete Norman in London at pnorman6@bloomberg.netTo contact the editors responsible for this story: Andrew Davis at abdavis@bloomberg.net, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Triumph Group's (TGI) Q2 Earnings & Sales Beat Estimates
    Zacks

    Triumph Group's (TGI) Q2 Earnings & Sales Beat Estimates

    Triumph Group's (TGI) second-quarter results reflect higher sales and margin expansion in its Integrated Systems segment on strong demand.

  • Huntington Ingalls' (HII) Q3 Earnings Beat, Revenues Up Y/Y
    Zacks

    Huntington Ingalls' (HII) Q3 Earnings Beat, Revenues Up Y/Y

    Huntington Ingalls' (HII) top line up 6.5% year over year to $2,219 million, owing to higher volume in the Newport News Shipbuilding division and growth in the Technical Solutions division.

  • Kratos' (KTOS) Q3 Earnings Beat Estimates, Revenues Rise Y/Y
    Zacks

    Kratos' (KTOS) Q3 Earnings Beat Estimates, Revenues Rise Y/Y

    Kratos Defense's (KTOS) Q3 sales total $184.1 million, beating the Zacks Consensus Estimate by a whisker. Sales rise 15.5% year over year.

  • Will Newport News Drive Huntington Ingalls (HII) Q3 Earnings?
    Zacks

    Will Newport News Drive Huntington Ingalls (HII) Q3 Earnings?

    Deliveries of NSC8 made by Huntington Ingalls (HII) are likely to have contributed favorably to the Ingalls Shipbuilding segment's revenues in the third quarter.

  • Which Companies Recently Raised Guidance?
    Yahoo Finance

    Which Companies Recently Raised Guidance?

    Third-quarter EPS season is in the homestretch, with blue-chip Utilities, Financial Services, Consumer and Industrial companies all releasing reports. Through 11/1/2019, Refinitiv reported that 356 S&P 500 companies have now announced 3Q earnings, with 76% coming in above consensus, ahead of the past four-quarters average percentage of 74%. The better-than-expected results have improved the overall forecast for the quarter to a -0.8%, from -3.2% at the start of the reporting season. Our analysts are always on the lookout for companies that raise their outlooks during earnings season. Management’s ability to “raise guidance” can often be a catalyst to strong returns in the quarters ahead. Following are 12 BUY-rated companies in Argus coverage for which management has raised guidance during the current EPS reporting season.

  • LDOS vs. LMT: Which Stock Should Value Investors Buy Now?
    Zacks

    LDOS vs. LMT: Which Stock Should Value Investors Buy Now?

    LDOS vs. LMT: Which Stock Is the Better Value Option?

  • Oilprice.com

    Is Cold Fusion Making A Comeback?

    Cold fusion has been around as a concept since the 1920s and the scientific community had given up on it long ago, but one major defense company is now hoping to bring it back

  • Aerospace and Defense ETFs Gain Despite Mixed Q3 Earnings
    Zacks

    Aerospace and Defense ETFs Gain Despite Mixed Q3 Earnings

    Let's take a look at some ETFs with exposure to major players in the U.S. Aerospace and Defense industry, post their Q3 earnings release.

  • The Extreme Risks of Trading Your Own Retirement Assets - November 01, 2019
    Zacks

    The Extreme Risks of Trading Your Own Retirement Assets - November 01, 2019

    Achieving your retirement goals takes a much different investing approach than regular stock trading, from smartly managing risk to keeping emotions in check.

  • FLIR Systems (FLIR) Q3 Earnings Beat, Revenue View Down
    Zacks

    FLIR Systems (FLIR) Q3 Earnings Beat, Revenue View Down

    FLIR Systems' (FLIR) revenues increased 8.4% year over year to $471.2 million in the third quarter. However, the top line misses the Zacks Consensus Estimate by 3%.

  • Curtiss-Wright (CW) Tops Q3 Earnings Estimates, Ups EPS View
    Zacks

    Curtiss-Wright (CW) Tops Q3 Earnings Estimates, Ups EPS View

    Curtiss-Wright's (CW) total sales rise 3% year over year. The top line, however, misses the Zacks Consensus Estimate by 0.9%.

  • Spirit AeroSystems (SPR) Q3 Earnings Miss, Backlog Slips Q/Q
    Zacks

    Spirit AeroSystems (SPR) Q3 Earnings Miss, Backlog Slips Q/Q

    Spirit AeroSystems' (SPR) revenues in the third quarter of 2019 rise 6% year over year on growth across all segments.

  • Kratos Defense (KTOS) to Post Q3 Earnings: What's in Store?
    Zacks

    Kratos Defense (KTOS) to Post Q3 Earnings: What's in Store?

    Kratos' (KTOS) receipt of an initial contract funding from Dynetics for its Spartan program is expected to have boosted its third-quarter performance.

  • 3 Stocks to Buy on Strong GDP Data and Interest Rate Cut
    Zacks

    3 Stocks to Buy on Strong GDP Data and Interest Rate Cut

    The S&P 500 closed at a record high Wednesday as third quarter GDP rose 1.9%, beating estimates of 1.6%.

  • Leidos Holdings (LDOS) Beats on Q3 Earnings, Ups 2019 View
    Zacks

    Leidos Holdings (LDOS) Beats on Q3 Earnings, Ups 2019 View

    Leidos Holdings' (LDOS) top line improves 10.1% year over year in the third quarter owing to growth across all segments.

  • L3Harris Technologies (LHX) Q3 Earnings Top, EPS View Up
    Zacks

    L3Harris Technologies (LHX) Q3 Earnings Top, EPS View Up

    L3Harris Technologies' (LHX) Q3 revenues total $4.43 billion, falling short of the Zacks Consensus Estimate by 0.5%.

  • Simple Secrets Anyone Can Use to Reach Early Retirement - October 30, 2019
    Zacks

    Simple Secrets Anyone Can Use to Reach Early Retirement - October 30, 2019

    Achieving the financial freedom to retire early is a dream for most, but making that dream a reality isn't as tricky as it sounds. If you are willing to make some serious lifestyle changes and sacrifices, it can be possible.

  • Aerojet Rocketdyne (AJRD) Q3 Earnings Miss, Revenues Down Y/Y
    Zacks

    Aerojet Rocketdyne (AJRD) Q3 Earnings Miss, Revenues Down Y/Y

    Aerojet Rocketdyne's (AJRD) operating income of $55.1 million in the third quarter declines 49.1% from $108.3 million a year ago.

  • Pentagon announces F-35 jet prices for next three years
    Reuters

    Pentagon announces F-35 jet prices for next three years

    The Pentagon on Tuesday announced pricing details for its agreement with Lockheed Martin Co that lowers by 12.7% the cost of the F-35 jets it plans to purchase through 2022, which may encourage other nations to buy warplanes. The F-35A, the most common version of the aircraft, will each cost $82.4 million in 2020, $79.17 million in 2021 and $77.9 million in 2022, the Pentagon told reporters at the Pentagon on Tuesday. The agreement means the U.S. government and allies plan to purchase 478 F-35 fighter jets at a cost of $34 billion over the three years.

  • The Lockheed Martin (NYSE:LMT) Share Price Has Gained 95% And Shareholders Are Hoping For More
    Simply Wall St.

    The Lockheed Martin (NYSE:LMT) Share Price Has Gained 95% And Shareholders Are Hoping For More

    When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses...

  • The Zacks Analyst Blog Highlights: Textron, Lockheed Martin, The Boeing Company, United Technologies and Raytheon
    Zacks

    The Zacks Analyst Blog Highlights: Textron, Lockheed Martin, The Boeing Company, United Technologies and Raytheon

    The Zacks Analyst Blog Highlights: Textron, Lockheed Martin, The Boeing Company, United Technologies and Raytheon

  • Will Merger Related Costs Mar L3Harris' (LHX) Q3 Earnings?
    Zacks

    Will Merger Related Costs Mar L3Harris' (LHX) Q3 Earnings?

    Positive synergies from completion of the merger deal are likely to have bolstered L3Harris' (LHX) third-quarter earnings. However, higher merger related cost may have marred growth.

  • Defense Stock Roundup: TXT, LMT, UTX Post Impressive Q3 Earnings
    Zacks

    Defense Stock Roundup: TXT, LMT, UTX Post Impressive Q3 Earnings

    Aerospace-Defense market indices reflect strong growth, buoyed by strong quarterly figures reported by majority of the defense players.

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