Last $181.33 USD
Change Today +0.66 / 0.37%
Volume 1.6M
LMT On Other Exchanges
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As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

lockheed martin corp (LMT) Snapshot

Open
$181.67
Previous Close
$180.67
Day High
$181.76
Day Low
$179.42
52 Week High
09/30/14 - $184.09
52 Week Low
10/29/13 - $132.87
Market Cap
57.3B
Average Volume 10 Days
2.4M
EPS TTM
$10.64
Shares Outstanding
315.9M
EX-Date
11/26/14
P/E TM
17.0x
Dividend
$6.00
Dividend Yield
2.93%
Current Stock Chart for LOCKHEED MARTIN CORP (LMT)

lockheed martin corp (LMT) Details

Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in United States and internationally. It also provides management, engineering, technical, scientific, logistic, and information services. The company operates in five segments: Aeronautics, Information Systems & Global Solutions, Missiles and Fire Control, Mission Systems and Training, and Space Systems. The Aeronautics segment offers military aircrafts, such as combat and air mobility aircrafts, unmanned air vehicles, and related technologies. The Information Systems & Global Solutions segment provides advanced technology systems and expertise, integrated information technology solutions, and management services for civil, defense, intelligence, and other government customers. The Missiles and Fire Control segment offers air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics and other technical services; fire control systems; mission operations support, readiness, engineering support, and integration services; and manned and unmanned ground vehicles. The Mission Systems and Training segment provides ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; littoral combat ships; simulation and training services; and unmanned systems and technologies. The company was founded in 1909 and is headquartered in Bethesda, Maryland.

113,000 Employees
Last Reported Date: 10/21/14
Founded in 1909

lockheed martin corp (LMT) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $1.4M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $838.6K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $668.3K
Executive Vice President of Information Syste...
Total Annual Compensation: $593.8K
Compensation as of Fiscal Year 2013.

lockheed martin corp (LMT) Key Developments

Lockheed Martin and Roketsan Team Up on F35 Missile Project

Lockheed Martin Corp. announced it has agreed to cooperate with Roketsan on a new generation air-to-surface cruise missile for the F-35 aircraft. Under the agreement, the two companies will jointly develop, produce, market and support the SOM-J variant of the SOM system - an autonomous, long-range, low-observable, all-weather, precision air-to-surface cruise missile - for internal carriage on the F-35 aircraft or external carriage on other aircraft.

Lockheed Martin Corporation Extends Aerostat Mission by Providing Airborne Surveillance for U.S. Border Protection

Working with the Army, Lockheed Martin Corporation providing operational support for a Persistent Threat Detection System (PTDS) aerostat system that is being evaluated by the Department of Homeland Security (DHS) Customs and Border Protection (CBP) along the Southern border of the United States. Currently protecting coalition forces overseas, the U.S. Army uses PTDS to help troops identify threats, track insurgents, and enhance overall readiness for the men and women in theater. With the troop drawdown, more of the systems are becoming available for other uses. With the capability to provide panoramic day/night surveillance in extremely challenging weather, PTDS has been very successful in supporting CBP border protection efforts. Capable of remaining continuously aloft at high altitudes, PTDS differs from other persistent ground surveillance aerostats previously used by CBP in that it can fly at greater altitudes for longer periods of time, thereby providing 24/7 coverage to a larger area. The system can also be equipped with multiple sensors, which can be easily and quickly interchanged in order to support different types of CBP missions. PTDS offers a persistent surveillance capability not possible with manned and unmanned aircraft, which encounter surveillance-time limitations dictated by fuel consumption and payload capacity. The Army's Program Executive Office for Intelligence, Electronic Warfare and Sensors, Product Director Aerostats, based at Aberdeen Proving Ground, Maryland, manages the PTDS program.

Lockheed Martin Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 28, 2014; Updates Earnings Guidance for the Year 2014; Provides Earnings Guidance for the Year 2015

Lockheed Martin Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 28, 2014. For the quarter, the company reported net sales of $11.1 billion compared to $11.3 billion in the third quarter of 2013. Net earnings from continuing operations were $888 million, or $2.76 per diluted share, compared to $842 million, or $2.57 per diluted share, in the third quarter of 2013. Cash from operations were $990 million, compared to $900 million in the third quarter of 2013. Operating profit was $1,392 million compared to $1,254 million for the same period a year ago. Earnings from continuing operations before income taxes was $1,311 million compared to $1,173 million for the same period a year ago. Net earnings were $888 million or $2.76 per diluted share compared to $873 million or $2.66 per diluted share for the same period a year ago. For the nine months, the company reported net sales were $33,070 million compared to $33,825 million for the same period a year ago. Operating profit was $4,250 million compared to $3,671 million for the same period a year ago. Earnings from continuing operations before income taxes were $4,000 million compared to $3,409 million for the same period a year ago. Net earnings from continuing operations were $2,710 million or $8.39 per diluted share compared to $2,462 million or $7.54 per diluted share for the same period a year ago. Net earnings were $2,710 million or $8.39 per diluted share compared to $2,493 million or $7.63 per diluted share for the same period a year ago. Net cash provided by operating activities was $4,067 million compared to $3,608 million for the same period a year ago. Capital expenditures were $456 million compared to $491 million for the same period a year ago. The company updated earnings guidance for the year 2014. For the period, the company expected net sales of $45,000 million compared to previously expected range of $44,000 million to $45,500 million. Consolidated operating profit expected to be $5,600 million compared to previously expected range of $5,475 million to $5,625 million. Diluted earnings per share expected to be $11.15 compared to previously expected range of $10.85 to $11.15. Cash from operations expected to greater than or equals to $3,800 compared to previous expectation greater than or equals to $4,800. The corporation expects 2015 net sales will decline at a low single digit rate from 2014 levels and that total business segment operating margin will be in the 11.5% to 12.0% range. The corporation's preliminary outlook for 2015 assumes the U.S. Government continues to support and fund its key programs, consistent with the continuing resolution funding measure through Dec. 11, 2014, and the U.S. Government approves budget legislation for government fiscal year 2015 consistent with the President's proposed budget.

 

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Industry Analysis

LMT

Industry Average

Valuation LMT Industry Range
Price/Earnings 18.4x
Price/Sales 1.3x
Price/Book 12.4x
Price/Cash Flow 18.0x
TEV/Sales 1.1x
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