LMT Jun 2021 220.000 call

OPR - OPR Delayed price. Currency in USD
152.11
0.00 (0.00%)
As of 8:10PM EDT. Market open.
Stock chart is not supported by your current browser
Previous close152.11
Open152.11
Bid160.10
Ask169.40
Strike220.00
Expiry date2021-06-18
Day's range152.11 - 152.11
Contract rangeN/A
Volume1
Open interest2
  • Lockheed Martin, Boeing Set to Square Off in Canadian Fighter Competition
    Motley Fool

    Lockheed Martin, Boeing Set to Square Off in Canadian Fighter Competition

    Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) have both submitted proposals to supply Canada's next-generation fighter, the latest step in a lucrative competition that has been beset by delays, political uncertainty, and international trade battles. Lockheed Martin's F-35 Joint Strike Fighter and Boeing's F/A-18 Super Hornet were entered into what is expected to be a $12 billion competition ahead of the July 31 deadline.

  • Are You Looking for a High-Growth Dividend Stock? Lockheed Martin (LMT) Could Be a Great Choice
    Zacks

    Are You Looking for a High-Growth Dividend Stock? Lockheed Martin (LMT) Could Be a Great Choice

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Lockheed Martin (LMT) have what it takes? Let's find out.

  • Exclusive: As Japan weighs missile-defence options, Raytheon lobbies for Lockheed’s $300 million radar deal
    Reuters

    Exclusive: As Japan weighs missile-defence options, Raytheon lobbies for Lockheed’s $300 million radar deal

    U.S. defence company Raytheon <RTN.N> is lobbying Japanese lawmakers to replace Lockheed Martin Corp <LMT.N> as the supplier of powerful radars as Tokyo reconsiders plans for two Aegis Ashore missile defence sites, three sources said. "It's game on," said one of the sources, who has direct knowledge of Raytheon's lobbying campaign. Raytheon's pitch includes a proposal to put its SPY-6 radar on refitted destroyers, as the U.S. Navy plans to do.

  • Exclusive: As Japan weighs missile-defence options, Raytheon lobbies for Lockheed's $300 million radar deal
    Reuters

    Exclusive: As Japan weighs missile-defence options, Raytheon lobbies for Lockheed's $300 million radar deal

    U.S. defence company Raytheon <RTN.N> is lobbying Japanese lawmakers to replace Lockheed Martin Corp <LMT.N> as the supplier of powerful radars as Tokyo reconsiders plans for two Aegis Ashore missile defence sites, three sources said. "It's game on," said one of the sources, who has direct knowledge of Raytheon's lobbying campaign. Raytheon's pitch includes a proposal to put its SPY-6 radar on refitted destroyers, as the U.S. Navy plans to do.

  • Lockheed Martin In Holding Pattern Ahead Of U.S. Election
    FX Empire

    Lockheed Martin In Holding Pattern Ahead Of U.S. Election

    Lockheed Martin has eased into a sideways pattern that could persist until voters choose the next U.S. president.

  • 5 Reasons Lockheed Martin Stock Can Endure Pentagon Budget Cuts
    Motley Fool

    5 Reasons Lockheed Martin Stock Can Endure Pentagon Budget Cuts

    Here's why Lockheed Martin is a stock to own even if the Defense Department's spending spree soon comes to an end.

  • Air Force Pushes Ahead With $23 Billion Project to Upgrade Boeing's Venerable F-15
    Motley Fool

    Air Force Pushes Ahead With $23 Billion Project to Upgrade Boeing's Venerable F-15

    Fifth-generation "stealthy" fighter jets, invisible to radar, capable of flying unimpeded into hostile territory to hit their targets and come home safe -- how great is that? At last report, determined efforts to cut costs had driven the price of a Lockheed Martin (NYSE: LMT) F-35A stealth fighter down to about $100 million per unit (including the cost of the engines).

  • Why Shares of Kratos Defense & Security Are Soaring Today
    Motley Fool

    Why Shares of Kratos Defense & Security Are Soaring Today

    A big Skyborg win only adds to the company's attractiveness to investors -- and potentially to acquirers, too.

  • The Zacks Analyst Blog Highlights: Johnson & Johnson, SAP, McDonalds, Coca-Cola and Lockheed Martin
    Zacks

    The Zacks Analyst Blog Highlights: Johnson & Johnson, SAP, McDonalds, Coca-Cola and Lockheed Martin

    The Zacks Analyst Blog Highlights: Johnson & Johnson, SAP, McDonalds, Coca-Cola and Lockheed Martin

  • Lockheed Martin Wants to Pivot to 5G
    Motley Fool

    Lockheed Martin Wants to Pivot to 5G

    The new CEO of Lockheed Martin (NYSE: LMT) is interested in pushing the company into 5G networking technology, a potential new avenue for growth for the world's largest pure-play defense contractor. During a post-earnings conference call Tuesday, Lockheed Martin CEO James Taiclet mentioned 5G networking technology in response to a question about ways to expand the company's already massive portfolio.

  • Why Shares of Lockheed Martin Soared on Wednesday
    Motley Fool

    Why Shares of Lockheed Martin Soared on Wednesday

    Shares of Lockheed Martin (NYSE: LMT) gained 5% on Wednesday, the stock's second straight day of strong gains following the company's earnings release. Given the pandemic and its aftereffects, not many companies are beating consensus and raising full-year expectations, but Lockheed Martin is proving that a defense company is a good defense against market volatility. Lockheed Martin on Tuesday reported second-quarter earnings of $5.79 per share on revenue of $16.2 billion, besting analyst expectations for $5.72 in EPS on revenue of $15.23 billion.

  • Lockheed, Boeing Got Half of $2.3 Billion in Pentagon Virus Cash
    Bloomberg

    Lockheed, Boeing Got Half of $2.3 Billion in Pentagon Virus Cash

    (Bloomberg) -- Lockheed Martin Corp. and Boeing Co. received about half of an initial $2.3 billion in increased, accelerated payments the Pentagon provided contractors to help companies’ cash flows after the Covid-19 pandemic erupted in the U.S.The initial infusion was included in $13 billion in regular, periodic progress payments paid to the companies, according to newly released defense figures. Lockheed Martin initially received $685 million while Boeing got $670 million, according to a Pentagon statement to Bloomberg NewsIn a separate statement, Lockheed Martin said that modifications to existing contracts resulted in additional accelerated payments to the company, increasing its total received to $1.1 billion by June 30, “all of which we have flowed down to our supply base.”Lockheed and Boeing are the top two U.S. defense contractors, so they were expected to get the biggest share of the funds. Other companies receiving the accelerated payments include:Raytheon Technologies Corp.: $410 millionL3 Harris Technologies Inc.: $74 millionThe Boeing/Lockheed United Launch Alliance LLC: $70 millionNorthrop Grumman Corp.: $70 millionAnother $321 million went to other companies.The companies are benefiting from a policy the Pentagon announced in March, just as the pandemic was building in the U.S., that provided for faster, and bigger, payments to companies. The move was intended to guarantee that critical national security contracts -- including the production of key weapons systems and supplies -- weren’t interrupted by companies having problems accessing cash or credit. The extra funding would ensure production lines were able to stay open.The Defense Department’s move meant that larger firms could get as much as 90% of their payments for contracts in progress, up from 80% previously. For smaller businesses, which might be more susceptible to virus impacts, the rate rose to 95% from 90%.As the initial funds were identified, the Pentagon “worked with each of the major primes to ensure that they were identifying at risk companies in their supply chain and flowing down payments to those companies, as well as all companies doing work for the prime,” said the statement.The major contractors “have been flowing down payments, in some cases more than the payments received from DOD,” it said.Pentagon officials initially estimated in March about $3 billion would be paid but that number included a potential $700 million payment on a long-standing contract that further analysis deemed was not necessary.In addition to the accelerated progress payments, the Air Force in April released to Boeing $882 million withheld from the company over current deficiencies with its KC-46 military tanker program as part of Covid-19 relief efforts.After the program was announced, Senator Elizabeth Warren, who serves on the Armed Services Committee, expressed concern about its oversight. In particular, the Massachusetts Democrat questioned whether companies might try to divert the increased payments for stock buybacks, dividends or executive pay.Pentagon Undersecretary for Acquisition and Sustainment Ellen Lord in a May 15 letter to Warren said that hasn’t been the case.“Companies do not divert payments for incurred costs to share buybacks, dividends or executive salaries because contractors must have already incurred costs before they receive the increased progress payments,” Lord wrote.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Kratos Defense & Security Shares Are Spiking Higher Today
    Motley Fool

    Why Kratos Defense & Security Shares Are Spiking Higher Today

    Shares of Kratos Defense & Security (NASDAQ: KTOS) jumped 11% higher on Wednesday on speculation that the company could be a takeover target for defense giant Lockheed Martin (NYSE: LMT). Kratos is a maker of drones and defense electronics, having pivoted away from telecommunications infrastructure equipment in 2004. The company has long been the fodder of M&A speculation, and new rumors surfaced Wednesday morning following Lockheed Martin's second-quarter earnings report.

  • These Loser Stocks Deserve a Lot More Love
    Bloomberg

    These Loser Stocks Deserve a Lot More Love

    (Bloomberg Opinion) -- Add the lackluster performance of defense stocks to the long list of puzzling inequities in the pandemic stock market. A custom basket of top U.S. defense contractors within the S&P 500 Index is down about 20% for the year, even as the broader benchmark pushed into the green this week. Even excluding Boeing Co., whose commercial aerospace travails are more of a focus for investors, the group is still down about 16%. That’s significantly worse than the performance for S&P 500 railroads, restaurants, foot-wear makers and soft-drink companies, all of which are more immediately exposed to the volatility of economic reopenings and behavioral shifts than makers of missiles, fighter jets and radar systems that rely on government contracts sealed years earlier. Lockheed Martin Corp., which reported second-quarter earnings on Tuesday, displayed the sector's resilience amid the pandemic upheaval. Earnings, sales and cash flow were all higher than the year-earlier period, with cash balances helped in part by accelerated progress payments from the Department of Defense that were then passed on to suppliers. At a time when most companies are hesitant to make any concrete predictions about the immediate future, Lockheed touted a record $150.3 billion backlog and actually raised its guidance on all fronts. And yet even after a respectable 2.6% gain on Tuesday's earnings report, Lockheed still trades at roughly 14 times its estimated earnings in 2021. The valuation discount to the broader S&P 500 is just shy of the widest spread in at least five years.Fellow defense contractors Raytheon Technologies Corp., General Dynamics Corp. and Northrop Grumman Corp. are scheduled to report results next week, as is Boeing.The reason for the defense sector’s underperformance appears multi-fold. For one, defense contractors don’t really fit with the technology-focused bent of the recent upswing in stocks and because their business didn’t crash and burn as much as many others did, there’s less room for that mythical, V-shaped recovery many still hope will occur.  Second, as Congress debates injecting at least $1 trillion more in stimulus funds into the pandemic-stricken economy, the deficit is set to explode and the government will likely have to make up some of that spending elsewhere. The worry is that the U.S.’s gargantuan defense budget will be a prime target, particularly if former Vice President Joe Biden succeeds in unseating President Donald Trump in this year's presidential election.Any hit to defense spending isn’t likely to be as bad as what’s suggested by current valuations, though. While the deficit may put a cap on defense spending growth, the volatile geopolitical situation likely creates a floor. Historically, there's a weak correlation between deficit-related economic variables — whether that’s business cycles or changes in tax policy — and defense spending, Melius Research analyst Carter Copeland noted on a call earlier this month. Material shifts in budgets tend to be more a reflection of changes in national-security posture, he said, such as President Barack Obama’s withdrawal from Iraq or President Ronald Reagan’s more aggressive stance toward Russia during the early part of his administration. And there’s not much room for that kind of rethink right now, regardless of who gets elected. Tensions are still running hot with the likes of Iran and North Korea, while Russia and China have taken increasingly aggressive postures. Copeland pointed to a Gallup poll published in March that found half of Americans view the current level of defense spending as “about right,” the highest percentage in more than 50 years. Asked on Lockheed’s earnings call Tuesday if the defense budget would decline, new CEO Jim Taiclet declined to “speculate on the behavior of people that are going to make independent decisions that we can’t predict,” but said the company’s divisions are planning for a wide range of scenarios to be prepared for any outcome. He made a point of citing a downturn as a potential opportunity for Lockheed to take advantage of depressed asset prices through strategic M&A. At the end of the day, “sentiment is fickle, while fundamentals are facts,” Vertical Research Partners analyst Rob Stallard wrote in a report last month. “While we think defense companies can’t do much about the slowing Department of Defense budget outlook, they are still growing and have good visibility, good cash flow and good valuations.” What more do you want? This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Lockheed Martin Corp (LMT) Q2 2020 Earnings Call Transcript
    Motley Fool

    Lockheed Martin Corp (LMT) Q2 2020 Earnings Call Transcript

    LMT earnings call for the period ending June 28, 2020.

  • New Lockheed CEO says 5G networks key to military vehicle autonomy
    Reuters

    New Lockheed CEO says 5G networks key to military vehicle autonomy

    James Taiclet, the new chief executive at Lockheed Martin the Pentagon's largest weapons supplier, is keen to use 5G networks to bolster the militaries' autonomous capabilities, he told Reuters in an interview following the company's earnings announcement on Tuesday. During his time at American Tower, the mobile communications industry grew and American Tower expanded its footprint both domestically and internationally through organic growth as well as acquisitions.

  • Market Gains on $2 Trillion EU Stimulus
    Zacks

    Market Gains on $2 Trillion EU Stimulus

    Market Gains on $2 Trillion EU Stimulus.

  • Everything's Gone Green (in the Market)
    Zacks

    Everything's Gone Green (in the Market)

    It may not look like it from many angles in the U.S. right now, but it's a very good day to be in the market.

  • Lockheed Martin (LMT) Beats on Q2 Earnings, Ups 2020 View
    Zacks

    Lockheed Martin (LMT) Beats on Q2 Earnings, Ups 2020 View

    Lockheed's (LMT) Q2 sales increase 12.4% year over year on growth in all its segments

  • Lockheed Martin (LMT) Tops Q2 Earnings and Revenue Estimates
    Zacks

    Lockheed Martin (LMT) Tops Q2 Earnings and Revenue Estimates

    Lockheed (LMT) delivered earnings and revenue surprises of 7.36% and 6.46%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

  • The Zacks Analyst Blog Highlights: Lockheed Martin, Northrop Grumman and The Boeing Company
    Zacks

    The Zacks Analyst Blog Highlights: Lockheed Martin, Northrop Grumman and The Boeing Company

    The Zacks Analyst Blog Highlights: Lockheed Martin, Northrop Grumman and The Boeing Company

  • Lockheed Martin raises 2020 profit forecast, shares jump
    Reuters

    Lockheed Martin raises 2020 profit forecast, shares jump

    Shares of the company rose 3.4% to $378 in premarket trading after Lockheed also topped analysts' estimates for second-quarter profit. The Pentagon has sought to make sure defense contractors do not lose highly skilled workers during the coronavirus crisis, and has used its funds to prevent employees from being laid off or poached by better-funded competitors. "The corporation and U.S. Government's proactive efforts, especially with regard to the supply chain, helped to partially mitigate the disruptions caused by COVID-19," the company said in a statement.

  • Will Lockheed Martin Tower Above Boeing in Q2 Earnings?
    Zacks

    Will Lockheed Martin Tower Above Boeing in Q2 Earnings?

    Lockheed Martin's pandemic-proof business and increase in deliveries, compared to Boeing's scrapped orders, lend the former an edge over the latter in the upcoming second-quarter results.

  • Vaccine manufacturers testify before Congress, earnings bonanza: What to know in the week ahead
    Yahoo Finance

    Vaccine manufacturers testify before Congress, earnings bonanza: What to know in the week ahead

    Vaccine manufacturers testify before Congress, earnings bonanza: What to know in the week ahead

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more