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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 awards new contract to IBC Advanced Alloys
Thursday, 23 Feb 2017 12:46pm EST 

IBC Advanced Alloys Corp : Lockheed Martin awards new contract to IBC Advanced Alloys with a 16% increase in Beralcast(r) components for the F-35 lightning II aircraft .Total value of new contract is approximately usd $2.6 million.  Full Article

Lockheed Martin awarded U.S. Navy contract for full-rate production of avionics test system
Thursday, 16 Feb 2017 11:26am EST 

Lockheed Martin Corp : Lockheed Martin awarded U.S. Navy contract for full-rate production of avionics test system .Will deliver 63 electronic Consolidated Automated Support System stations as part of $166 million contract.  Full Article

Lockheed Martin says "We may continue to face pressure to reduce costs from new presidential administration relating to F-35 program"
Thursday, 9 Feb 2017 05:30pm EST 

Lockheed Martin Corp : Lockheed Martin - We may continue to face pressure to reduce costs from new presidential administration relating to F-35 program . Lockheed Martin - Uncertainty regarding actions that may be taken by new presidential administration in light of recent criticisms of F-35 program . Lockheed Martin - Decision to cut spending or reduce planned orders for F-35 would have an adverse impact on results of operations . Lockheed Martin - F-35 is expected to represent a higher percentage of co's sales in future years - SEC filing . Lockheed Martin - Given size of F-35 program, expect continual reviews of aircraft performance, program schedule as part of oversight and budgeting processes .Lockheed Martin - Due to co's "diverse range" of products, less likely that cuts in any specific contract or program will have long-term effect on business.  Full Article

Lockheed Martin says it believes only F-35 meets requirements of our military-CNBC
Friday, 27 Jan 2017 02:38pm EST 

: Lockheed Martin, after defense department announces review of F-35 program, says it believes only F-35 meets requirements of our military-CNBC ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Lockheed Martin sets Q1 2017 dividend of $1.82 per share
Thursday, 26 Jan 2017 01:05pm EST 

Lockheed Martin Corp : Lockheed Martin declares first quarter 2017 dividend .Sets quarterly dividend of $1.82 per share.  Full Article

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

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BRIEF-Lockheed Martin Corp will manufacture additional AN/TPQ-53 systems for U.S. Army

* Will manufacture additional AN/TPQ-53 systems for U.S. Army under a $1.6 billion order-dependent contract Source text for Eikon: Further company coverage: