Lockheed Martin Stock News

Shares of Lockheed Martin NYSE: LMT and RTX NYSE: RTX are up by 40% and 80% since early 2024 and can continue to set new highs this year and next. Their businesses are thriving because of increased global demand, and they sustain growth, robust cash flow, and ample capital returns, which are primary drivers of share price action.

Lockheed Martin's Q3 earnings report showed plateauing sales and a decline in free cash flow, leading to a 6% drop in stock price. Despite missing sales estimates, Lockheed Martin's GAAP EPS and core earnings per share beat expectations, with a strong backlog indicating robust demand. Risks include ongoing negotiations for the F-35 program, but the company expects delayed cash flow to reverse b...

Lockheed Martin Corporation (NYSE:LMT ) Q3 2024 Earnings Conference Call October 22, 2024 11:00 AM ET Company Participants Maria Ricciardone - Vice President, Treasurer and Investor Relations James Taiclet - Chairman, President and CEO Jay Malave - Chief Financial Officer Conference Call Participants Ronald Epstein - Bank of America Sheila Kahyaoglu - Jefferies Noah Poponak - Goldman Sachs Myle...

Lockheed Martin (LMT) shares tumbled Tuesday as the defense contractor missed revenue estimates on a drop in aerospace sales.

Weak revenue growth mars an otherwise solid quarter.

Defense contractor Lockheed Martin on Tuesday joined rival RTX in lifting annual profit and sales forecasts, driven by robust demand for military equipment amid escalating global tensions.

Net sales of $17.1 billion, an increase of 1% year over year Net earnings of $1.6 billion, or $6.80 per share Cash from operations of $2.4 billion and free cash flow of $2.1 billion $1.6 billion  of cash returned to shareholders through dividends and share repurchases Increased share repurchase authority by $3.0 billion to a total authorization of $10.3 billion Increased quarterly dividend 5% t...

The race for the White House is heating up and these five stocks are set to benefit if Donald Trump claims victory.