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Lockheed Martin Corp (LMT.N)

LMT.N on New York Stock Exchange

270.02USD
25 Apr 2017
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$-6.19 (-2.24%)
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Latest Key Developments (Source: Significant Developments)

Lockheed Martin Q1 sales $11.1 billion
Tuesday, 25 Apr 2017 07:25am EDT 

April 25 (Reuters) - Lockheed Martin Corp ::Lockheed Martin reports first quarter 2017 results.Q1 earnings per share $2.61 from continuing operations.Q1 sales $11.1 billion versus I/B/E/S view $11.24 billion.Q1 earnings per share view $2.78 -- Thomson Reuters I/B/E/S.Lockheed Martin Corp - Q1 2017 net earnings from continuing operations includes a $120 million charge.Sees 2017 net sales $49,500 million - $50,700 million.Lockheed Martin Corp says increased outlook for full year cash from operations by $300 million to at least $6.0 billion.Sees 2017 diluted earnings per share $12.15 - $12.45.Fy2017 earnings per share view $12.64, revenue view $50.18 billion -- Thomson Reuters I/B/E/S.Lockheed Martin - Q1 net earnings from continuing operations also includes separate $64 million charge.Lockheed Martin - $64 million charge in quarter is co's portion of noncash asset impairment charge recorded by international equity method investee.Lockheed Martin Corp - charges had effect of reducing net earnings by $114 million, or $0.39 per share in quarter.Lockheed Martin Corp says co previously estimated diluted earnings per share of $12.25 - $12.55 for fy 2017.  Full Article

Lockheed Martin Corp will manufacture additional AN/TPQ-53 systems for U.S. Army
Monday, 24 Apr 2017 08:08am EDT 

April 24 (Reuters) - Lockheed Martin Corp :Will manufacture additional AN/TPQ-53 systems for U.S. Army under a $1.6 billion order-dependent contract.  Full Article

Lockheed Martin says U.S. Air Force authorizes extended service life for F-16
Wednesday, 12 Apr 2017 08:00am EDT 

Lockheed Martin Corp : U.S. Air Force authorizes extended service life for F-16 .Lockheed Martin - following service life extension program structural modifications, air force can safely operate block 40-52 aircraft to 2048, beyond.  Full Article

Lockheed Martin has licensed Dermoskeleton from B-Temia Inc
Tuesday, 11 Apr 2017 10:05am EDT 

Lockheed Martin Corp :Lockheed Martin Corp - has licensed bionic augmentation technology Dermoskeleton from B-Temia Inc.  Full Article

Lockheed Martin says debuts system to protect space assets
Tuesday, 4 Apr 2017 11:07am EDT 

Lockheed Martin Corp :Says introduces iSpace - intelligent Space - which provides customers with sensor data processing among others for space domain.  Full Article

Mannarino Systems & Software signs Investment Framework Agreement with Lockheed Martin
Monday, 3 Apr 2017 02:07pm EDT 

Mannarino Systems & Software Inc: Has signed an Investment Framework Agreement under Industrial and Technological Benefits Policy with Lockheed Martin .Agreement enables Mannarino to develop and commercialize its own proprietary airborne software products.  Full Article

Joint Battle Management system used by all air wings of U.S. military to be sustained by Lockheed Martin
Monday, 3 Apr 2017 10:07am EDT 

Lockheed Martin Corp : Joint Battle Management system used by all air wings of U.S. Military to plan and execute air operations will be sustained by co .Under a contract worth approximately $38 million, Lockheed Martin will support theater battle management core system.  Full Article

Lockheed Martin says to expand production for components of F-35 lightning II
Thursday, 23 Mar 2017 12:00pm EDT 

Lockheed Martin Corp : Will expand production for components of F-35 lightning II with a new facility in Johnstown . Lockheed Martin is in process of finalizing plans to lease and equip an additional facility to accommodate new work . New work will entail component painting and preparation for final assembly at production line in Fort Worth, Texas .Begin producing a subset of parts for program beginning in Q4 this year.  Full Article

Lockheed Martin to support DoD's efforts against cyber criminals under new contract
Thursday, 16 Mar 2017 08:04am EDT 

Lockheed Martin Corp : Lockheed Martin Corp - will support Department Of Defense's efforts against cyber criminals under a new contract .Lockheed Martin Corp - DoD renews $347 million contract to continue supporting defense cyber crime center.  Full Article

Wesco Aircraft announced renewal of agreement with Lockheed Martin
Tuesday, 7 Mar 2017 09:00am EST 

Wesco Aircraft Holdings Inc : Wesco Aircraft Holdings Inc - announced renewal of an agreement with Lockheed Martin . Wesco Aircraft Holdings Inc - Wesco will provide chemicals to U.S. military bases globally in support of F-35 program .Wesco Aircraft Holdings - deal renews existing contract to provide chemical management services to certain divisions of Lockheed Martin.  Full Article

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Lockheed Martin first-quarter sales miss estimates; shares drop

Lockheed Martin Corp , which makes the F-35 jets that U.S. President Donald Trump criticized for being too expensive, posted weaker-than-expected sales and lower profitability in three of its four divisions, sending its stock down more than 2 percent.