Lockheed Martin Corp

While U.S. stock markets have been weak, defense stocks are looking strong in 2022. What are the best defense stocks to buy now amid Russia and Ukraine tensions?

Lockheed Martin’s Space Force contract is in focus again as the U.S. withdraws its forces from Afghanistan. What does the contract entail?

With total sales of $45,358 million in 2013, Lockheed Martin is the largest defense contractor in the world. The other major defense contractors in the world include The Boeing Company and Raytheon Company.

In 2013, Lockheed Martin clocked revenues of $45.4 billion. Of its revenues, 82% come from the U.S. government, around 17% from international customers, and 1% from other U.S. commercial customers.

TransDigm (TDG) has increased the size of its existing term loan facility by $650 million to facilitate a one-time special dividend of $24 per share.

Raytheon’s Integrated Defense Systems segment saw marginally lower sales during the year due to lower sales across most of its major programs such as the Patriot program.

General Dynamics’ total backlog grew from $45.9 billion at the end of 2013 and to $72.4 billion at the end of 2014. This was a whooping 58% increase.

Both Boeing’s (BA) and Northrop Grumman’s (NOC) teams have submitted clean sheet bids to the US Air Force.

Honeywell signed an agreement with VietJet Air to supply 98 auxiliary power units to its fleet of 135 Airbus A320s. The deal was valued at $100 million, which includes maintenance services for 12 years.

In September 2015, Honeywell acquired Aviaso Software, a privately held aviation software company based in Switzerland. Aviaso develops and provides fuel efficiency and emission-saving software to the airline industry.

General Dynamics’ stock outperformed the index at all times. In the past year, it gave its shareholders 38% returns. The index returned 15% to shareholders.

Rumors have been flying about the potential sale of Learjet to Cessna Aircraft. Learjet is a light business jet manufacturing unit housed by Bombardier (BDRBF).

Credit Suisse cited L-3 Communications (LLL), Raytheon (RTN), and General Dynamics (GD) as its picks to hedge against the election cycle.

According to Lipper’s funds flow data, investment-grade bond funds saw net outflows of $789.1 million up to the week ending November 25.

Raytheon is a global technology leader and US defense contractor. It primarily develops and manufactures weapons and military and commercial electronics.

The flows into investment-grade bond funds were positive for the week ending November 18. Investment-grade bond funds saw net inflows of $945.0 million.

CAE has a market capitalization of $3.0 billion. After its 2Q16 earnings report, CAE fell by 2.9% to close at $11.07 per share as of November 11, 2015.

Lockheed Martin (LMT) recently disclosed buying a stake in chipmaker IQ-Analog. IQ-Analog develops chips capable of relaying data at very high speeds.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries worldwide.

Raytheon will release its 3Q16 earnings on October 27. The consensus forecast is for Raytheon to post an adjusted EPS of $1.66—12.9% growth YoY.

Boeing, Raytheon, and Lockheed Martin all have defense units and China is imposing arms sale sanctions on them all. How did the company stocks respond?

Lockheed Martin’s Q3 earnings report is coming soon. What can investors expect from the aerospace company's upcoming earnings?

Lockheed Martin (LMT) had a successful fourth quarter. Its net sales grew from $11.5 billion to $12.5 billion. The net earnings were $904 million for the quarter.

Boeing (BA) is set to report its Q3 earnings results on October 23. Reuters-polled analysts foresee more dismal financial results for the company.

One of LMT’s cost reduction activities includes transferring employees from a defined benefit plan to a defined contribution plan. This reduced the company’s pension costs.

An order backlog is an important indicator for investors to understand how a manufacturing company’s revenue could grow in the future.

LMT had a few cost reduction activities. It reduced its workforce and factory space. It also shifted its employees from defined benefit pension plans to defined contribution plans.

In terms of revenue, Lockheed Martin (LMT) is one of the largest defense contractors. Wars with Afghanistan and Iraq led to an increase in defense budgets, which has benefited LMT.

Lockheed Martin started deliveries on its major F-35 program just three years ago. Lockheed Martin works with almost 1400 suppliers, including companies like Northrop Grumman.

The U.S. government is Lockheed Martin’s (LMT) major customer. With almost 82% of its revenues from the U.S. government, LMT highly depends on the government.

The impact of sequestration is different for Lockheed Martin’s (LMT) different business segments. For segments with longer product cycles, like Aeronautics and Space Systems, the impact will be muted.

Lockheed Martin on an acquisition spree As we saw in the previous article in this series, Lockheed Martin’s revenue has been negatively affected by U.S government spending cuts through sequestration and the Budget Control Act (or BCA) of 2011. Future revenue growth is also at risk, given Congress’s deadlock over the rollback of the BCA. As the largest defense contractor, […]

As we’ve seen in the last few articles of this series, Lockheed Martin’s (LMT) management has been trying different strategies to drive growth in its revenue and earnings. These efforts seem to have paid off.

What’s more important to retail investors is Lockheed Martin’s commitment to return at least 50% of its free cash flow to its shareholders. It does this through dividend payouts and share buybacks.

At the recent Sohn Investment Conference, Jeffrey Gundlach of DoubleLine Capital expressed his belief that Donald Trump would win the presidency.

In 2009, Erickson Air Crane sold to ZM Private Equity (also known as Centre Lane Partners) and hired a new CEO. In April 2012, EAC went public.

Lockheed Martin (LMT) operates in five business segments—Aeronautics, Information Systems & Global Solutions, Mission and Fire Controls, Mission Systems & Trainings, and Space Systems.

United Technologies (UTX) reported its Q3 earnings today before the market opened. UTX’s revenues of $19.5 billion beat the expectation of $19.39 billion.

Lockheed Martin released its third-quarter earnings results today. The company reported revenue of $15.2 billion in the quarter, a 6% year-over-year rise.

Honeywell kicked off industrials earnings season, beating estimates. With Boeing, Caterpillar, 3M, GE, and more reporting soon, here’s what to expect.

UTX is scheduled to release its third-quarter earnings results on October 22 before the market opens. It’s returned 28.5% year-to-date.

Amid ongoing troubles with its 737 MAX commercial planes, Boeing has received some positive news: $2.9 billion in orders from the US Department of Defense.

Boeing could receive a multimillion-dollar defense order soon. Thailand’s army announced its plans to purchase eight Boeing attack helicopters, according to a report.

The 737 MAX accounted for nearly 70% of Boeing’s overall commercial aircraft deliveries, and 30% of its total operating profit.

Amid the ongoing crisis with Boeing’s (BA) 737 MAX aircraft, the company won another major defense contract in August from the USAF.

Yesterday, the US Air Force awarded a $999 million contract to Boeing (BA) to upgrade the wings of its A-10 Thunderbolt II attack aircraft.

The Trump administration floated the sale of fighter jets to Taiwan. In an $8 billion deal, Lockheed Martin plans to sell 66 F-16 fighters to Taiwan.

Daniel Loeb’s Third Point has reduced its stake in United Technologies. As per a regulatory filing, the fund sold 480,000 UTX shares in the second quarter.

Boeing (BA) won a $55.5 million contract for certain modifications in the telescopic boom of the KC-46 Pegasus refueling tanker from the US Air Force.

The ongoing trouble with 737 MAX series planes has been hurting Boeing’s (BA) overall commercial aircraft deliveries.

On Wednesday, the Dow Jones fell while other major US indexes moved up. The Dow was mainly pulled down by two of its high-weighted stocks—Boeing (BA) and Caterpillar (CAT).

Boeing (BA) reported dismal second-quarter results with the top and bottom lines both missing Wall Street analysts’ estimates.

Boeing (BA) plans to report its second-quarter 2019 results on July 24.

One of the key points on which Modi campaigned was national security.

Boeing (BA) is currently going through one of the worst periods in its history following two deadly crashes that involved its fast-selling 737 Max series planes.

Boeing (BA) gained 1.5% last Friday following a report that the airplane manufacturer could come up with a software fix for its 737 MAX jets sooner than expected.

Boeing (BA) shares fell more than 5% on March 11 after several airlines grounded their 737 Max 8 fleets.

Boeing’s most advanced and fuel-efficient 737 Max jets are in the spotlight once again after a 737 Max operated by Ethiopian Airlines crashed on Sunday.

On March 11, the Dow Jones Industrial Average futures are trading over 170 points lower in the pre-market session.

General Dynamics raised its quarterly dividend by 9.7% on March 6.

Boeing (BA) stock has been rallying since the beginning of this year and has outperformed major US indexes.

Boeing (BA) has always tried to enhance shareholders’ wealth through dividend payments and share buybacks.

Last week, the Boeing Company (BA) announced winning a $43 million contract from the US Navy to build four large unmanned submarines.

The Boeing Company (BA) is set to report its fourth-quarter earnings results on January 30.

Boeing (BA) stock started 2018 on a positive note and carried this momentum forward up to November 7, with a return of ~26%.

Boeing’s (BA) financial strength and cash flow–generating capabilities enable it to continue its shareholder return policy.

Boeing rose 2.7% yesterday after Cowen aerospace analyst Cai von Rumohr named the company his number one stock pick for 2019.

In Q3 2018, Honeywell’s (HON) Performance Materials and Technologies segment was the second-largest contributor to HON’s total revenue.

On October 1, Honeywell (HON) announced in a press release that it had entered into an agreement to acquire Transnorm.

On September 28, Honeywell (HON) announced its dividend for the fourth quarter.

Boeing’s consensus-12-month target price is $412.6, which indicates a 15.9% return potential as of the September 17 closing of $356.

Of the 26 analysts tracking Boeing (BA) stock, eight analysts gave “strong buy” recommendations. Another 11 analysts gave “buy” recommendations.

On June 26, Boeing (BA) announced it has joined the race to make the next-generation version of the Concorde, a hypersonic jet.

Boeing (BA) operates in a highly capital-intensive industry.

On May 22, crude oil (DBO) rose towards $80.0 per barrel.

On March 31, Boeing (BA) had cash and cash equivalents of $9.2 billion, up ~$400.0 million from $8.2 billion on December 31, 2017.

Boeing (BA), the world’s largest aerospace company, declared a quarterly cash dividend of $1.71 per share on its outstanding common stock.

On May 1, Boeing (BA) announced an agreement to acquire aerospace parts distributor KLX (KLXI) for $3.2 billion in cash.

The world’s largest aerospace company, Boeing, announced its 1Q18 earnings today.

Analysts expect Boeing (BA) to post adjusted EPS (earnings per share) of $2.56 in 1Q18, representing 27.2% growth YoY (year-over-year).

Analysts now expect Boeing’s revenue to be $22.1 billion, after revising their estimate upward by $300.0 million.

Boeing (BA), the world’s largest aerospace company, is set to declare its 1Q18 results on April 25, 2018, before markets open.

In January 2018, Boeing took a 17-aircraft lead over its archrival Airbus. Boeing delivered 44 commercial aircraft compared Airbus’s 27 aircraft.

On February 8, 2018, the Wall Street Journal reported that Boeing (BA) intends to acquire aerospace parts maker Woodward (WWD).

Boeing (BA) has a consensus rating of ~2.1 with an overall “buy” recommendation.

On January 31, Boeing (BA) announced its 4Q17 earnings. The world’s largest commercial aircraft manufacturer surpassed analysts’ adjusted earnings estimates by ~5.9%.

Analysts surveyed by Thomson Reuters expect Boeing (BA) to report an operating profit of $2.7 billion in 4Q17.

Honeywell (HON) is expected to report revenues of $10.8 billion in 4Q17, a 7.6% increase over the corresponding quarter last year.

On December 21, 2017, Chemours (CC) announced price hikes on some of its products.

Dividends Boeing (BA) has been paying dividends consistently for the past 20 years. In 3Q17, the company paid a total of $900 million in dividends, which was ~30% of its free cash flow generated in the quarter. Falling yield At its current market price of $268, Boeing has an indicated dividend yield of 2.1%. The yield has been […]

Performance in 3Q17 In 3Q17, Boeing (BA) saw revenue of $24.3 billion, 2% growth from the $23.9 billion it reported in 3Q16. Its operating margin expanded from 9.5% in 3Q16 to 11.1% in 3Q17. The Commercial Airplanes segment recorded a 1% YoY fall in revenue to $15.0 billion. The segment’s operating margin expanded from 8.5% in 3Q16 to […]

On November 7, Chemours (CC) announced that it would pay a dividend in 4Q17. Chemours announced that the dividend rate would be $0.03.

High yield Despite the positive run-up Boeing (BA) stock has enjoyed in 2017, its current indicated dividend yield is 2.2%. Boeing’s dividend yield is now lower than the Dow Jones Industrial Average dividend yield of 2.7%. Peer Lockheed Martin (LMT) has an indicated dividend yield of 2.4%, United Technologies (UTX) has an indicated dividend yield […]

The Canadian Air Force placed an order for 65 Lockheed Martin (LMT) F-35 fighter jets for $30 billion. The CAF canceled the order and replaced it with 18 Boeing CF-18 aircraft for $5.2 billion.

TransDigm Group Inc. (TDG US) is a leading designer and manufacturer of engineered aircraft components for commercial and military aircraft.

On September 8, 2017, Honeywell (HON) will pay the third dividend to its shareholders for fiscal 2017. It announced a dividend of $0.67 per share.

Renewed tensions arising out of North Korea’s missile launch on Tuesday had a major impact on volatility. Asian markets have declined more than 1% as risk aversion dominated markets.

Among the 19 analysts, 79% of the analysts recommended a “buy” on Honeywell, 21% recommended a “hold,” and none recommended a “sell.”

Analysts expect Sherwin-Williams (SHW) to post adjusted EPS (earnings per share) of $4.56 in 2Q17—an increase of 12.2% on a year-over-year basis.

In May 2017, Boeing appealed to the US International Trade Commission to penalize Canadian aircraft maker Bombardier (BDRBF) for selling its new CS-100 aircraft to US airlines at extremely low prices.