The Latest Breaking News from LMT

Lockheed Martin Corp (NYSE:LMT) reported a first-quarter FY22 net sales decline of 8% year-over-year to $14.96 billion, missing the consensus of $15.55 billion. EPS declined to $6.44 from $6.56 in 1Q21, beating the consensus of $6.21. The operating profit decreased by 11.4% Y/Y to $1.93 billion, and the margin contracted by 50 bps…

  Lockheed Martin (NYSE:LMT) reported its Q1 earnings results on Tuesday, April 19, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Lockheed Martin earnings beat but sales missed. LMT stock and defense stocks have rallied since Russia's Ukraine invasion.

MDA Ltd. (TSX:MDA) (OTC:MDALF) is collaborating with Lockheed Martin Corp (NYSE:LMT) and General Motors Co (NYSE:GM) to integrate its commercial robotic arm technology on their planned human-rated lunar mobility vehicles. "We believe this collaboration will enable all three companies to continue to define the art of the possible, push the boundaries of space innovation, and provide the…

Lockheed Martin Corp (NYSE:LMT) and Intel Corp (NASDAQ:INTC) established a collaboration to advance 5G-ready communications for the U.S. A memorandum of understanding was signed in late 2021 to expand the ongoing strategic relationship to align 5G-enabled hardware and software solutions for the Department of Defense (DOD). Intel's 5G solutions are integrated into Lockheed Martin's 5G.MIL…

The Russia-Ukraine crisis has boosted the prospects of the defense industry, helping it outperform the broader market. The increase in geopolitical tension has pushed many nations to enhance their defense budget, which should drive the defense industry’s growth. Fundamentally strong defense companies Raytheon (RTX), Northrop Grumman (NOC), and General Dynamics…

SpiderOak Mission Systems and Lockheed Martin Corp (NYSE:LMT) Space's Mission Solutions business collaborate for developing and testing a zero-trust cybersecurity platform to secure data across the space data supply chain. The two companies signed an agreement to field key components of the SpiderOak OrbitSecure platform. OrbitSecure is SpiderOak's lightweight software-only solution for ground and…

Someone with a lot of money to spend has taken a bearish stance on Lockheed Martin (NYSE:LMT). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Due to concerns over the possibility of aggressive interest rate increases and the consequences of a prolonged Ukraine-Russia war, current market volatility has caused many quality stocks to trade at attractive valuations. For example, fundamentally sound stocks Lockheed Martin (LMT), HCA Healthcare (HCA), FedEx (FDX), Enterprise Products (EPD), and Walgreens…

Lockheed Martin (NYSE:LMT) has outperformed the market over the past 10 years by 4.76% on an annualized basis producing an average annual return of 17.19%. Currently, Lockheed Martin has a market capitalization of $118.60 billion.

Canada will announce that Lockheed Martin Corp (NYSE:LMT) is the preferred bidder to supply 88 new fighter jets, a clear sign the U.S. company is set to win the multibillion-dollar contract, reported Reuters. The move suggests that Canada is under pressure to boost defense spending as the war in Ukraine rages. The report…