CSIMarket
 
Lockheed Martin Corporation  (LMT)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods
 
Price: $458.3400 $-0.22 -0.048%
Day's High: $458.56 Week Perf: -1.95 %
Day's Low: $ 454.44 30 Day Perf: -1.24 %
Volume (M): 703 52 Wk High: $ 479.50
Volume (M$): $ 322,121 52 Wk Avg: $446.47
Open: $456.50 52 Wk Low: $393.77



 Market Capitalization (Millions $) 110,819
 Shares Outstanding (Millions) 242
 Employees 114,000
 Revenues (TTM) (Millions $) 69,640
 Net Income (TTM) (Millions $) 6,776
 Cash Flow (TTM) (Millions $) 350
 Capital Exp. (TTM) (Millions $) 1,775

Lockheed Martin Corporation
Lockheed Martin Corporation principally researches, designs, develops, manufactures, integrates, operates and supports advanced technology systems, products and services. We serve customers in domestic and international defense, civil and commercial markets, with our principal customers being agencies of the U.S. Government. Lockheed Martin was formed in March 1995 by combining the businesses of Lockheed Corporation and Martin Marietta Corporation. We are a Maryland corporation.

We operate in five principal business segments: Aeronautics; Electronic Systems; Space Systems; Integrated Systems & Solutions (IS&S); and Information & Technology Services.

Aeronautics ' Engaged in the design, research and development, systems integration, production, support and upgrade of advanced military aircraft and related technologies. Our customers include the military services of the United States and allied countries throughout the world. Major products and programs include the F-16 multi-role fighter, F/A-22 air dominance and multi-mission combat aircraft, F-35 Joint Strike Fighter, Japanese F-2 combat aircraft, Korean T-50 advanced trainer, C-130 tactical airlift aircraft, C-5 strategic airlift aircraft, C-27J medium transport aircraft and support for the F-117 stealth fighter and special mission and reconnaissance aircraft (e.g., P-3 Orion, S-3 Viking, U-2 and Big Safari modifications).

Electronic Systems ' Engaged in the design, research, development, integration and production of high performance systems for undersea, shipboard, land and airborne applications. Major product lines include: missiles and fire control systems; air and theater missile defense systems; surface ship and submarine combat systems; anti-submarine and undersea warfare systems; avionics and ground combat vehicle integration; radars; platform integration systems; homeland security systems; surveillance and reconnaissance systems; advanced aviation management; security and information technology solutions; simulation and training systems; and postal automation systems.

Space Systems ' Engaged in the design, research, development, engineering and production of satellites, strategic and defensive missile systems and launch services. The satellite product line includes both government and commercial satellites. Strategic and defensive missile systems include airborne and missile defense technologies and fleet ballistic missiles. Launch services include launches on Titan IV, Atlas and Proton launch vehicles, and also include the Space Shuttle's external tank. In addition, the segment has investments in joint ventures that are principally engaged in businesses that complement and enhance other activities of the segment.

Integrated Systems & Solutions (IS&S)' Engaged in the design, research, development, integration and management of net-centric solutions supporting the command, control, communications, computers, intelligence, reconnaissance and surveillance (C4ISR) activities of the U.S. Department of Defense (DoD), intelligence agencies, other federal agencies and allied countries. IS&S provides technology, full life-cycle support and highly specialized talent in the areas of software and systems engineering, including expertise in space, air and ground systems. IS&S serves as the Corporation's focal point for customers with joint and net-centric operations requiring overarching architectures, horizontal systems integration, and inter-connected capabilities for the gathering, processing, storage and delivery of on-demand information for mission management, modeling, simulation and large-scale systems integration.

Information & Technology Services ' Engaged in a wide array of information technology (IT), IT-related, and other technology services to federal agencies and other customers. Major product lines include: information technology integration and management; enterprise solutions; application development, maintenance, and consulting for strategic programs for the DoD and civil government agencies; aircraft and engine maintenance and modification services; management, operation, maintenance, training and logistics support for military, homeland security and civilian systems; launch, mission and analysis services for military, classified and commercial satellites; engineering, science and information services for NASA; and research, development, engineering and science in support of nuclear weapons stewardship and naval reactor programs.

Aspects of our business require relatively scarce raw materials. We generally have not experienced difficulty in our ability to obtain raw materials and other supplies needed in our manufacturing processes. We seek to manage raw materials supply risk through long-term contracts and by maintaining a stock of key materials in inventory.

Aluminum and titanium are important raw materials used in certain of our Aeronautics and Space programs. Aluminum and titanium generally have been in good supply. Carbon fiber is an important ingredient in the composite material that is used in our Aeronautics programs, such as the F/A-22 and F-35. Nicalon fiber also is a key material used on the F/A-22 aircraft. One type of carbon fiber and the nicalon fiber that we use are currently only available from single-source suppliers. Aluminum lithium, which we use in the producing the Space Shuttle's external tank and for F-16 structural components, also is currently only available from limited sources. While we do not anticipate material problems regarding the supply of our raw materials, it is possible that the unavailability of key materials in the future could delay one or more of our programs, result in increased costs or reduce award fees.

No material portion of our business is considered to be seasonal. Various factors can affect the distribution of our revenue between accounting periods, including the timing of government awards, the availability of government funding, product deliveries and customer acceptance.

Government Contracts and Regulation

Our businesses are heavily regulated in most of our fields of endeavor. We deal with numerous U.S. Government agencies and entities, including all of the branches of the U.S. military, NASA, the U.S. Postal Service, the Social Security Administration, the Patent and Trademark Office, and the Departments of Energy, Justice, Health and Human Services, Homeland Security, State and Transportation. Similar government authorities exist with respect to our international efforts.

The U.S. Government, and other governments, may terminate any of our government contracts and, in general, subcontracts, at their convenience as well as for default based on performance. If any of our government contracts were to be terminated for convenience, we generally would be entitled to receive payment for work completed and allowable termination or cancellation costs.

Upon termination for convenience of a fixed-price type contract, we normally are entitled to receive the purchase price for delivered items, reimbursement for allowable costs for work-in-process and an allowance for profit on the contract or adjustment for loss if completion of performance would have resulted in a loss. Upon termination for convenience of a cost reimbursement contract, we normally are entitled to reimbursement of allowable costs plus a portion of the fee. The amount of the fee recovered, if any, is related to the portion of the work accomplished prior to termination and is determined by negotiation.

We derive approximately 78% of our revenue from sales to the U.S. Government. We expect that U.S. Government sales will be the primary source of our revenue for the foreseeable future. Our ability to successfully compete for and retain business is highly dependent on technical excellence, management proficiency, strategic alliances, cost-effective performance and the ability to recruit and retain key personnel. U.S. Government programs are subject to uncertain future funding levels that can result in the extension or termination of programs. Our business is also highly sensitive to changes in national and international priorities and U.S. Government budgets.

With respect to military aircraft, we compete with both domestic and international companies. Some or all of these companies are competing, or preparing to compete for unmanned military aircraft sales. Our military aircraft programs also face potential competition from the application of derivatives of commercial aircraft to missions that require large aircraft and the application of unmanned vehicles to missions that are now served by tactical-bomber capabilities.

With respect to tactical fighters, the F-16 remains a formidable competitor, especially on the basis of price. It competes less effectively where stealth is a major determinant, but otherwise the ability to update its capabilities with changes in sensor and weapon systems makes the F-16 a strong competitor.

Electronic Systems' broad portfolio of products and services forces it to compete against other large aerospace and defense companies and numerous smaller competitors. Electronic Systems' business units often form teams with other companies that are competitors in other areas. The principal factors of competition include technical and management capability, price, past performance and our ability to provide solutions to our customers' requirements on a timely basis.

We compete worldwide for satellites, launch services and strategic and defensive missile systems against numerous competitors.

I&TS competes against other aerospace and defense firms, IT service providers and other service companies. The competitive landscape is highly fragmented with no single company or small group of companies in dominant positions. The principal factors of competition include price, technical and management capability, past performance and, increasingly, the ability to develop and implement complex, integrated solutions to meet the challenges facing government customers across their entire enterprise.



   Company Address: 6801 Rockledge Drive, Bethesda, 20817 MD
   Company Phone Number: 897-6000   Stock Exchange / Ticker: NYSE LMT
   


Customers Net Income grew by LMT's Customers Net Profit Margin grew to

70.53 %

10.66 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ATRO   -1.13%    
BA   -6.76%    
DCO   -2.07%    
KTOS   -3.25%    
NOC   -2.68%    
TXT   -1.26%    
• View Complete Report
   



Announcement

Corporate Employers Accused of Violating ERISA and Shifting Billions in Pension Obligat...

Published Thu, May 30 2024 3:05 PM UTC

Corporate Employers Accused of Violating ERISA and Offloading Pension Obligations to Athene, Including Lockheed Martin and AT&TIn a significant development surrounding pension obligations, several large corporate employers have been hit with lawsuits for allegedly transferring billions of dollars in pension liabilities to Athene Annuity and Life Company and/or Athene Annuity...

Lockheed Martin Corporation

Lockheed Martin Corporation Soars with 13.678% Revenue Growth in Q1 2024

Lockheed Martin Corporation, a renowned aerospace and defense company, has shown positive momentum in its stock performance over the past few trading days. Despite encountering a reduction in earnings per share (EPS) in the first quarter of 2024, the company has managed to increase its revenue significantly by 13.678% to $17.20 billion. This growth in revenue has contributed to the upward trend in Lockheed Martin Corporation's stock, with a 1.59% increase in the past 5 trading days and a 0.81% increase in the past 90 days. Additionally, the stock is just 6.1% short of its 52-week high, indicating strong potential for further growth.
One of the key factors influencing Lockheed Martin Corporation's future results is its collaboration with NASA on the development of the X-59 experimental aircraft. This cutting-edge aircraft, designed by Lockheed Martin Skunk Works, aims to address the challenge of minimizing the disruptive sonic boom associated with traditional supersonic aircraft. The X-59 is set to revolutionize the aviation industry by enabling supersonic flight at speeds without generating excessive noise, making it more commercially viable for future supersonic travel.

Lockheed Martin Corporation

Lockheed Martin Corporation's Q4 2023 earnings show modest bottom-line growth, despite decline in revenue

Lockheed Martin Corporation, a renowned aerospace and defense company, recently announced its fourth-quarter and full-year 2023 earnings results. Despite a decline in revenue for the October to December 31, 2023 period, the company managed to raise its earnings per share, showcasing a modest bottom-line growth of 2.29% to $7.65 per share. However, revenue decreased by -0.616% to $18.87 billion year-on-year.
In the fourth quarter of 2023, the Aerospace & Defense industry as a whole experienced a revenue improvement. Earnings per share advanced from $6.73 per share, and revenue increased by 11.826% from $16.88 billion in the previous reporting period. However, net profits of $1,866.000 million in the same period fell by -2.41% from $1,912.000 million in the corresponding period a year before.

Products & Services

Lockheed Martin Skunk Works Unveils X-59, NASA's Revolutionary Quiet Supersonic Aircraft

Published Fri, Jan 12 2024 9:29 PM UTC

In a groundbreaking achievement for the aviation industry, Lockheed Martin Skunk Works has rolled out its latest experimental aircraft, the X-59, designed in collaboration with NASA. This cutting-edge aircraft aims to address one of the most significant challenges in supersonic flight - minimizing the disruptive sonic boom.The unveiling ceremony, held in Palmdale, California...

Lockheed Martin Corporation

Lockheed Martin Corporation's Top-Line Growth Lags Competitors in Aerospace and Defense Industry

Lockheed Martin Corporation, one of the leading aerospace and defense companies, has recently reported its financial results for the most recent fiscal period, ending on September 24, 2023. Despite moderate revenue growth and a slight increase in bottom-line earnings, the company's top-line gain in the aerospace and defense sector fell behind its contemporaries.
Lockheed Martin Corporation reported a 1.779% increase in revenue, reaching $16.88 billion in the most recent fiscal period. However, the company's bottom-line earnings only grew by 0.3% to $6.73 year on year. Although these results show a positive trajectory, it is worth noting that the company's top-line rise of 21.99% relative to the third quarter of 2022 is lower than that of its competitors in the aerospace and defense sector.






 

Lockheed Martin's Segments
 
Aeronautics
 Segment     of total Revenue
Space Systems
 Segment     of total Revenue
Technology Services
 Segment     of total Revenue
Electronic Systems
 Segment     of total Revenue
 
• View Complete Report

Lockheed Martin's Operating Statistics Decrease / Increase
       
Aeronautics Backlog (In millions $)   Aeronautics Backlog (In millions $) Decline   
Space Systems Backlog (In millions $)   Space Systems Backlog (In millions $) Decline   
Technology Services Backlog (In millions $)   Technology Services Backlog (In millions $) Decline   
Electronic Systems Backlog (In millions $)    Electronic Systems Backlog (In millions $) Growth   
Total Backlog Backlog (In millions $)   Total Backlog Backlog (In millions $) Decline   




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com