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Lockheed Martin Corp (LMT.N)

LMT.N on New York Stock Exchange

362.00USD
2 Jul 2020
Change (% chg)

$1.58 (+0.44%)
Prev Close
$360.42
Open
$363.53
Day's High
$365.93
Day's Low
$360.71
Volume
421,053
Avg. Vol
540,180
52-wk High
$442.43
52-wk Low
$266.58

Latest Key Developments (Source: Significant Developments)

Lockheed Martin Sets Quarterly Dividend Of $2.40Per Share
Friday, 26 Jun 2020 

June 25 (Reuters) - Lockheed Martin Corp ::SETS QUARTERLY DIVIDEND OF $2.40PER SHARE.  Full Article

Jim Taiclet Becomes New Lockheed Martin President And CEO
Monday, 15 Jun 2020 

June 15 (Reuters) - Lockheed Martin Corp ::JIM TAICLET BECOMES NEW LOCKHEED MARTIN PRESIDENT AND CEO.LOCKHEED MARTIN CORP - JAMES D. TAICLET, 60, TODAY BECAME PRESIDENT AND CEO OF LOCKHEED MARTIN CORPORATION.LOCKHEED MARTIN CORP - MARILLYN A. HEWSON BECOMES EXECUTIVE CHAIRMAN.LOCKHEED MARTIN - TAICLET WILL CONTINUE TO SERVE AS A MEMBER OF CORPORATION'S BOARD.  Full Article

Lockheed Martin Announces Proactive Measures To Mitigate Covid-19 Impacts To F-35 Production
Wednesday, 20 May 2020 

May 19 (Reuters) - Lockheed Martin Corp ::LOCKHEED MARTIN ANNOUNCES PROACTIVE MEASURES TO MITIGATE COVID-19 IMPACTS TO F-35 PRODUCTION.LOCKHEED MARTIN CORP - F-35 PRODUCTION EMPLOYEES WILL TEMPORARILY ADJUST SCHEDULES TO SUSTAIN AIRCRAFT DELIVERY.LOCKHEED MARTIN - NEW SCHEDULE FOR F-35 PRODUCTION LINE EMPLOYEES IN FORT WORTH WILL BEGIN MAY 23, DIVIDES EACH SHIFT INTO THREE GROUPS.LOCKHEED MARTIN CORP - CO, IAM HAVE ALSO AGREED TO ALLOW EMPLOYEES TO VOLUNTEER TO BE FURLOUGHED FOR 30 DAYS.LOCKHEED MARTIN - CO, IAM AGREED TO A TEMPORARY ALTERNATE WORK SCHEDULE FOR F-35 PRODUCTION LINE EMPLOYEES IN FORT WORTH.LOCKHEED MARTIN CORP - EMPLOYEES VOLUNTEERING TO BE FURLOUGHED FOR 30 DAYS WILL MAINTAIN BENEFITS BUT FORGO PAY DURING PERIOD.LOCKHEED MARTIN - AFTER FIRST THREE-WEEK CYCLE, CO CAN ALTER F-35 PRODUCTION EMPLOYEE SCHEDULE AS NEEDED.  Full Article

U.S. Army Awards $6.07 Bln Contract To Lockheed Martin
Friday, 1 May 2020 

April 30 (Reuters) - Lockheed Martin Corp ::U.S. ARMY AWARDS $6.07 BILLION CONTRACT TO LOCKHEED MARTIN FOR PAC-3 MSE PRODUCTION, ASSOCIATED EQUIPMENT.CONTRACT CALLS FOR PRODUCTION AND DELIVERY OF PAC-3 MSE INTERCEPTORS, LAUNCHER MODIFICATION KITS, ASSOCIATED EQUIPMENT.IS CURRENTLY BUILDING AN 85,000-SQUARE-FOOT EXPANSION AT CAMDEN, ARKANSAS, FACILITY WHERE PAC-3 MSE INTERCEPTORS ARE ASSEMBLED.BUILDING IS EXPECTED TO BE COMPLETE BY Q4 2021, WITH OPERATIONS BEGINNING IN Q1 2022.LOCKHEED - CONTRACT FROM U.S. ARMY FOR PRODUCTION OF PATRIOT ADVANCED CAPABILITY-3 MISSILE SEGMENT ENHANCEMENT INTERCEPTORS, ASSOCIATED EQUIPMENT.CONTRACT TO BE DELIVERED ACROSS FY21, FY22 AND FY23 CONTRACT YEARS.  Full Article

Babcock Australasia And Lockheed Martin Australia Announced Signing Of Collaboration Agreement
Thursday, 30 Apr 2020 

April 30 (Reuters) - Babcock International Group PLC ::BABCOCK INTERNATIONAL GROUP - BABCOCK AUSTRALASIA AND LOCKHEED MARTIN AUSTRALIA ANNOUNCED SIGNING OF COLLABORATION AGREEMENT.BABCOCK INTERNATIONAL GROUP - COLLABORATION AGREEMENT TO DELIVER WORLD-LEADING HIGH FREQUENCY COMMUNICATIONS TO AUSTRALIAN DEFENCE FORCE.  Full Article

Lockheed Martin Reports First Quarter 2020 Results
Tuesday, 21 Apr 2020 

April 21 (Reuters) - Lockheed Martin Corp ::LOCKHEED MARTIN REPORTS FIRST QUARTER 2020 RESULTS.Q1 EARNINGS PER SHARE $6.08.Q1 SALES $15.7 BILLION VERSUS REFINITIV IBES ESTIMATE OF $15.08 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $5.79 -- REFINITIV IBES DATA.MAINTAINS 2020 OUTLOOK FOR OPERATING PROFIT, EARNINGS PER SHARE AND CASH FROM OPERATIONS.ULTIMATE IMPACT OF COVID-19 ON 2020 OUTLOOK UNCERTAIN.UPDATES 2020 OUTLOOK FOR SALES.RECORDS BACKLOG OF APPROXIMATELY $144 BILLION IN QUARTER.COVID-19OUTBREAK DID NOT HAVE A MATERIAL IMPACT ON CORPORATION'S OPERATING RESULTS OR BUSINESS IN Q1 OF 2020.LOCKHEED - BEGINNING TO EXPERIENCE ISSUES IN BUSINESS AREAS RELATED TO COVID-19, PRIMARILY IN ACCESS TO SOME LOCATIONS & DELAYS OF SUPPLIER DELIVERIES.LOCKHEED MARTIN - UPDATING 2020 NET SALES GUIDANCE TO REFLECT IMPACTS, AS PRODUCTION, SUPPLY CHAIN ACTIVITIES RECENTLY SLOWED IN AERONAUTICS BUSINESS.NET SALES OUTLOOK LOWERED TO $62.250 - $64 BILLION FROM $62.750 - $64.250 BILLION PREVIOUSLY.OUTLOOK FOR CASH FROM OPERATIONS FOR 2020 UNCHANGED AT GREATER THAN $7.6 BILLION.LOCKHEED MARTIN - AS OF MARCH 29, HAD AN INVESTMENT IN AMMROC JOINT VENTURE WITH A CARRYING VALUE OF $435 MILLION.LOCKHEED MARTIN - IN APRIL 2020, SUBSEQUENT TO END OF CO'S Q1, AMMROC'S CUSTOMER ANNOUNCED INTENT TO AWARD CONTRACT TO A COMPETITOR.LOCKHEED MARTIN - IF AMMROC CUSTOMER MOVES FORWARD WITH TRANSITIONING MRO SERVICES TO COMPETITOR, CO SEES IMPAIRMENT TO OCCUR AS EARLY AS Q2 2020.  Full Article

Lockheed Martin Will Continue Planned Recruiting And Hiring
Friday, 27 Mar 2020 

March 27 (Reuters) - Lockheed Martin Corp ::STATEMENT FROM LOCKHEED MARTIN CHAIRMAN, PRESIDENT AND CEO MARILLYN HEWSON ON COVID-19 RESPONSE.LOCKHEED MARTIN CORP - WILL CONTINUE PLANNED RECRUITING AND HIRING.LOCKHEED MARTIN CORP - HAVE ACTIVATED A $6.5 MILLION EMPLOYEE DISASTER RELIEF FUND TO ASSIST LOCKHEED MARTIN EMPLOYEES AND RETIREES IMPACTED WITH COVID-19.LOCKHEED MARTIN CORP - WILL ADVANCE MORE THAN $50 MILLION TO SMALL- AND MEDIUM-SIZED BUSINESS PARTNERS IN SUPPLY CHAIN.  Full Article

Lockheed Martin Corp's James D. Taiclet Will Receive An Annual Base Salary Of $1.7 Mln
Monday, 16 Mar 2020 

March 16 (Reuters) - Lockheed Martin Corp ::LOCKHEED MARTIN CORP - JAMES D. TAICLET WILL RECEIVE AN ANNUAL BASE SALARY OF $1.7 MILLION.LOCKHEED MARTIN CORP - TAICLET WILL BE ELIGIBLE TO RECEIVE A TARGET ANNUAL INCENTIVE OF 175% OF SALARY FOR 2020.LOCKHEED MARTIN CORP - TAICLET WILL ALSO BE ELIGIBLE TO RECEIVE A LONG-TERM INCENTIVE AWARD OPPORTUNITY FOR 2020 OF $14 MILLION.  Full Article

American Tower Names Thomas A. Bartlett As President And CEO And Names Rodney M. Smith As CFO
Monday, 16 Mar 2020 

March 16 (Reuters) - American Tower Corp ::AMERICAN TOWER NAMES THOMAS A. BARTLETT TO SUCCEED JAMES D. TAICLET AS PRESIDENT AND CHIEF EXECUTIVE OFFICER AND NAMES RODNEY M. SMITH AS CHIEF FINANCIAL OFFICER.AMERICAN TOWER - JIM TAICLET WILL BE TRANSITIONING FROM HIS ROLES AS PRESIDENT, CEO AND EXECUTIVE CHAIRMAN OF BOARD.AMERICAN TOWER - BOARD HAS NAMED TOM BARTLETT TO SUCCEED TAICLET AS PRESIDENT AND CEO , EFFECTIVE IMMEDIATELY.AMERICAN TOWER - TAICLET, WHO CURRENTLY SERVES ON BOARD OF LOCKHEED MARTIN, WILL BECOME PRESIDENT AND CEO, REPLACING MARILLYN HEWSON.AMERICAN TOWER - TAICLET WILL CONTINUE AS EXECUTIVE CHAIRMAN UNTIL COMPANY'S 2020 ANNUAL MEETING.AMERICAN TOWER CORP - TAICLET WILL CONTINUE AS EXECUTIVE CHAIRMAN UNTIL CO'S 2020 ANNUAL MEETING.AMERICAN TOWER - AFTER CO'S 2020 ANNUAL MEETING PAMELA REEVE, COMPANY'S CURRENT LEAD INDEPENDENT DIRECTOR, WILL BECOME NON-EXECUTIVE CHAIR OF BOARD.  Full Article

Lockheed Martin Elects James D. Taiclet As President And CEO
Monday, 16 Mar 2020 

March 16 (Reuters) - Lockheed Martin Corp ::LOCKHEED MARTIN ELECTS JAMES D. TAICLET AS PRESIDENT AND CEO.LOCKHEED MARTIN - HAS ELECTED JAMES D. TAICLET, 59, AS PRESIDENT AND CEO, EFFECTIVE JUNE 15.LOCKHEED MARTIN CORP - TAICLET WILL SUCCEED MARILLYN A. HEWSON WHO HAS SERVED AS CHAIRMAN, PRESIDENT AND CEO SINCE 2014.LOCKHEED MARTIN CORP - TAICLET WILL CONTINUE TO SERVE AS A MEMBER OF CORPORATION'S BOARD, WHICH HE JOINED IN 2018.LOCKHEED MARTIN CORP - HEWSON WILL BECOME EXECUTIVE CHAIRMAN OF BOARD, ALSO EFFECTIVE JUNE 15.LOCKHEED MARTIN CORP - HEWSON WILL BECOME EXECUTIVE CHAIRMAN OF BOARD, ALSO EFFECTIVE JUNE 15.  Full Article

U.S. to work with Turkey on F-35 parts until 2022 - state media citing Pentagon

ISTANBUL The United States will continue working with Turkish companies producing some parts of F-35 fighter jets until 2022, Turkey's state-owned Anadolu agency quoted a Pentagon spokeswoman as saying on Wednesday.