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Lockheed Martin Corp (LMT.N)

LMT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Lockheed Martin receives $1.45 billion contract for PAC-3 missiles
Thursday, 22 Dec 2016 06:31pm EST 

Lockheed Martin Corp : Lockheed Martin receives $1.45 billion contract for pac-3 missiles .Contract includes PAC-3, PAC-3 MSE missile deliveries for U.S. Army, and foreign military sales of PAC-3 interceptors, among others.  Full Article

Lockheed Martin gets $67.3 mln contract to provide spares for RSAF F-15 sensor suite
Wednesday, 7 Dec 2016 09:30am EST 

Lockheed Martin Corp :Lockheed Martin - U.S. Air Force has awarded co a $67.3 million contract to provide spares for Royal Saudi Air Force's (RSAF) F-15 sensor suite.  Full Article

Lockheed Martin awarded $1.2 billion to modernize Republic of Korea F-16s
Monday, 21 Nov 2016 10:21am EST 

Lockheed Martin Corp : Upgrades are based on advanced F-16V configuration .Lockheed martin awarded $1.2 billion to modernize Republic Of Korea F-16s.  Full Article

Lockheed Martin posts Q3 EPS of $3.61 from continuing operations
Tuesday, 25 Oct 2016 07:10am EDT 

Lockheed Martin Corp : Lockheed Martin reports third quarter 2016 results . Q3 earnings per share $3.61 from continuing operations . Q3 sales $11.6 billion versus I/B/E/S view $11.45 billion . Q3 earnings per share view $2.87 -- Thomson Reuters I/B/E/S . Sees FY 2017 sales up about 7 percent . Increased share repurchase authorization by $2.0 billion . Updates 2016 outlook . Increased quarterly dividend rate 10 percent to $1.82 per share . 2016 financial outlook for cash from operations is likely to be impacted by a delay in collections on F-35 program . Says 2017 total business segment operating margin is expected to be in 10.0 percent to 10.5 percent range. . Any delay in 2016 customer payments on f-35 program will increase corporation's cash from operations in 2017 . "Corporation may determine to fund customer programs itself pending government appropriations" . Sees 2017 fas/cas pension benefit to be about $800 million assuming 3.625 percent discount rate, a 75 basis point decrease from end of 2015 . Depending on timing of F-35 collections, 2017 cash from operations will be greater than or equal to $5.0 billion or greater than or equal to $5.7 billion. . Does not expect to make contributions to its legacy qualified defined benefit pension plans in 2017 . Sees 2016 net sales about $46,500 million . Sees 2016 diluted earnings per share from continuing operations about $12.10.  Full Article

Lockheed Martin and Cogen to build energy-from-waste plant in Wales
Tuesday, 11 Oct 2016 08:54am EDT 

Lockheed Martin Corp : Lockheed Martin and Cogen to build energy-from-waste plant in Wales . Construction is expected to begin in 2018, with operations starting in 2020 . In addition to Wales project, Lockheed Martin and Cogen will jointly pursue other similar projects .Lockheed Martin -has signed a teaming agreement with Cogen limited to develop energy-from-waste projects in UK, starting with new plant in Cardiff, Wales.  Full Article

Lockheed to upgrade U.S. Navy's shipboard electronic warfare systems
Thursday, 6 Oct 2016 09:50am EDT 

Lockheed Martin Corp : Lockheed Martin to upgrade U.S. Navy's shipboard electronic warfare systems . U.S. Navy awarded company an initial $148.9 million contract . Will provide additional systems to upgrade AN/SLQ-32 systems on U.S. aircraft carriers, cruisers, destroyers and other warships .Work will be performed at company's Syracuse, New York facility.  Full Article

Lockheed Martin to deliver new simulation-based F-16 training environment to Royal Jordanian Air Force
Tuesday, 27 Sep 2016 08:06am EDT 

Lockheed Martin Corp : Lockheed Martin to deliver new simulation-based F-16 training environment to Royal Jordanian Air Force .Says contract valued at nearly $40 million.  Full Article

Lockheed Martin declares Q4 dividend of $1.82 per share
Thursday, 22 Sep 2016 12:30pm EDT 

Lockheed Martin Corp : Authorized Q4 2016 dividend of $1.82 per share, representing a 10 percent increase or $0.17 per share over last quarter .Quarterly dividend of $1.82 per share.  Full Article

Lockheed Martin awarded $79.5 mln contract
Tuesday, 23 Aug 2016 10:46am EDT 

Lockheed Martin Corp: Lockheed Martin awarded $79.5 million contract to provide an open architecture combat management system for the U.S. Navy's frigates .Five-Year contract, which is worth up to $79.5 million, covers fiscal years 2016-2021.  Full Article

Integrated Core Strategies (US) LLC reports 4.5 pct passive stake in Lockheed Martin as of aug. 12
Monday, 22 Aug 2016 05:33pm EDT 

Lockheed Martin Corp :Integrated Core Strategies (US) LLC reports 4.5 percent passive stake in lockheed martin corp as of Aug. 12- Sec filing.  Full Article

BRIEF-Thales, Lockheed win contract with UK's Royal Navy

* Thales and Lockheed Martin announce the contract award to deliver the Royal Navy's new airborne surveillance and control system, under the 'CROWSNEST' programme.