Lockheed Martin Corp
Latest Lockheed Martin Corp News and Updates

Consider These Defense Stocks Amid Russia-Ukraine Tensions

What Lockheed Martin's (LMT) Space Force Contract Entails
Comparing Lockheed Martin with other major defense contractors
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.

An investor’s introduction to Lockheed Martin Corporation
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.

TDG Boosted Its Proprietary Product Revenue with This Acquisition
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 Company’s Integrated Defense Systems
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.

What does General Dynamics’ order backlog reflect?
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.

Northrop Faces Fierce Challenge from Lockheed over T-X Contract
Both Boeing’s (BA) and Northrop Grumman’s (NOC) teams have submitted clean sheet bids to the US Air Force.

Why Analysts Expect Honeywell’s Revenues to Fall in 2Q17
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.

Honeywell Aerospace’s Recent Developments in Connectivity
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.

A look at General Dynamics’ stock performance versus its peers
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.

Can the Learjet–Textron Cessna Combination Fly Higher?
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).

Raytheon: A Top Pick to Hedge against Political Risks
Credit Suisse cited L-3 Communications (LLL), Raytheon (RTN), and General Dynamics (GD) as its picks to hedge against the election cycle.

Investment-Grade Bond Funds Saw Outflows in November
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 Company: An Introduction
Raytheon is a global technology leader and US defense contractor. It primarily develops and manufactures weapons and military and commercial electronics.

Investment-Grade Bond Funds Witnessed Inflows
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 Reports Strong Quarterly Results in 2Q16
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.

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

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

Analysts Expect Raytheon to Beat Its 3Q16 Earnings Guidance
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.

China Sanctions Boeing, Raytheon, and Lockheed Martin for Arms Sales

What to Watch for in Lockheed Martin’s Q3 Earnings

Lockheed Martin’s 4Q14 and full-year financial performance
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.

What to Expect for Boeing’s Q3 Earnings amid MAX Crisis
Boeing (BA) is set to report its Q3 earnings results on October 23. Reuters-polled analysts foresee more dismal financial results for the company.
Why LMT’s earnings increased despite the revenue decline
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.
Why Lockheed Martin’s decreasing orderbook is a concern
An order backlog is an important indicator for investors to understand how a manufacturing company’s revenue could grow in the future.
Why LMT is reducing its spending on research and development
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.
Lockheed Martin’s must-know growth opportunities
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.
Aeronautics: Lockheed Martin’s highest revenue segment
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.
Consider these key risks facing Lockheed Martin
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.
Lockheed Martin combats the impact of sequestration
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.
Do acquisitions support Lockheed Martin’s growth strategy?
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, […]
Why Lockheed Martin’s growth is leading to strong earnings
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.
Lockheed Martin is returning value to shareholders
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.

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

Why an EHI turnaround can synergize Erickson Air Crane revenues
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.
An overview of Lockheed Martin’s business segments
Lockheed Martin (LMT) operates in five business segments—Aeronautics, Information Systems & Global Solutions, Mission and Fire Controls, Mission Systems & Trainings, and Space Systems.

UTX’s Q3 Earnings Exceed Estimates, Outlook Raised
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 Beats Q3 Estimates, Falls on 2020 Guidance
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.

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

UTX Earnings: Has Wall Street Set the Bar Too Low?
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.

Boeing Gets Major Defense Order amid MAX Crisis
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: Thailand Plans Multimillion-Dollar Defense Order
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.

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

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

Boeing Gets $999 Million Contract to Upgrade A-10 Wings
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.

Trump Administration Floats Sale of Arms, Jets to Taiwan
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 Cuts Stake in United Technologies
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 Wins $55.5 Million KC-46 Modification Contract
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.

Boeing Falls behind Airbus in Aircraft Deliveries
The ongoing trouble with 737 MAX series planes has been hurting Boeing’s (BA) overall commercial aircraft deliveries.

Boeing, Caterpillar Drag Down the Dow Jones
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).

Why Boeing Missed Q2 Earnings Estimates
Boeing (BA) reported dismal second-quarter results with the top and bottom lines both missing Wall Street analysts’ estimates.

How Much Did 737 MAX Fiasco Hurt Boeing’s Q2 Earnings?
Boeing (BA) plans to report its second-quarter 2019 results on July 24.

Why Modi’s Second Term Is Good News for US Defense Contractors
One of the key points on which Modi campaigned was national security.

Analysts Stay Bullish on Boeing amid 737 Max Crisis
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 Gains on Reports of Early Software Fix for 737 MAX
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 Fell 5%, Several Airlines Grounded 737 Max 8 Jets
Boeing (BA) shares fell more than 5% on March 11 after several airlines grounded their 737 Max 8 fleets.

Boeing 737 Max May Face More Scrutiny after Crash in Ethiopia
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.

Dow Futures and Boeing Fall after Ethiopia Plane Crash
On March 11, the Dow Jones Industrial Average futures are trading over 170 points lower in the pre-market session.

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

Argus Research Is Still Bullish on Boeing
Boeing (BA) stock has been rallying since the beginning of this year and has outperformed major US indexes.

Boeing Is an Attractive Choice for Dividend Investors
Boeing (BA) has always tried to enhance shareholders’ wealth through dividend payments and share buybacks.

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

What Do Analysts Expect of Boeing’s Q4 2018 Earnings?
The Boeing Company (BA) is set to report its fourth-quarter earnings results on January 30.

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

Strong Balance Sheet Helps Boeing Enhance Shareholder Wealth
Boeing’s (BA) financial strength and cash flow–generating capabilities enable it to continue its shareholder return policy.

Boeing Soared on Cowen Analyst’s Positive Comments
Boeing rose 2.7% yesterday after Cowen aerospace analyst Cai von Rumohr named the company his number one stock pick for 2019.

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

Honeywell Acquires Transnorm, Completes Garrett Motion Spin-Off
On October 1, Honeywell (HON) announced in a press release that it had entered into an agreement to acquire Transnorm.

Honeywell Increases Its Quarterly Cash Dividend by 10%
On September 28, Honeywell (HON) announced its dividend for the fourth quarter.

How Analysts View Boeing after Its August Order Boom
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.

What Do Wall Street Analysts Recommend for Boeing?
Of the 26 analysts tracking Boeing (BA) stock, eight analysts gave “strong buy” recommendations. Another 11 analysts gave “buy” recommendations.

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

Should Investors Worry about Boeing’s Leverage Levels?
Boeing (BA) operates in a highly capital-intensive industry.

How Rising Crude Oil Prices Could Affect Boeing’s Order Book
On May 22, crude oil (DBO) rose towards $80.0 per barrel.

Analyzing Boeing’s Free Cash Flows and Dividend Prospects in 2018
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 Declared Quarterly Cash Dividend of $1.71
Boeing (BA), the world’s largest aerospace company, declared a quarterly cash dividend of $1.71 per share on its outstanding common stock.

KLX Acquisition: Boeing’s Shot in the Arm for Global Services
On May 1, Boeing (BA) announced an agreement to acquire aerospace parts distributor KLX (KLXI) for $3.2 billion in cash.

Boeing Set to Fly High in 2018: Raised Earnings and Guidance
The world’s largest aerospace company, Boeing, announced its 1Q18 earnings today.

Wall Street’s Views on Boeing Ahead of Its 1Q18 Earnings Release
Analysts expect Boeing (BA) to post adjusted EPS (earnings per share) of $2.56 in 1Q18, representing 27.2% growth YoY (year-over-year).

Could Boeing Exceed Analysts’ Revenue Estimates in 1Q18?
Analysts now expect Boeing’s revenue to be $22.1 billion, after revising their estimate upward by $300.0 million.

How Boeing Stock has Trended Ahead of its 1Q18 Earnings Release
Boeing (BA), the world’s largest aerospace company, is set to declare its 1Q18 results on April 25, 2018, before markets open.

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

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

How Wall Street Analysts View Boeing after Its 4Q17 Earnings
Boeing (BA) has a consensus rating of ~2.1 with an overall “buy” recommendation.

Boeing Surpassed Analysts’ 4Q17 Estimates, Stock Rose 5%
On January 31, Boeing (BA) announced its 4Q17 earnings. The world’s largest commercial aircraft manufacturer surpassed analysts’ adjusted earnings estimates by ~5.9%.

Will Boeing Deliver on Operating Margin Estimates in 4Q17?
Analysts surveyed by Thomson Reuters expect Boeing (BA) to report an operating profit of $2.7 billion in 4Q17.

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

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

Could Boeing’s Dividend Payout Rise in 2017?
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 […]

How Boeing Performed in 3Q17
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 […]

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

How Investors View Boeing’s High Dividend
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 […]

Canada Puts Boeing Defense Order on Hold
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.

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

Honeywell Will Pay Its 3Q17 Dividend on September 8
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.

What Stocks Should Be on Your Radar amid Geopolitical Tensions
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.

Most Analysts Suggest a ‘Buy’ on Honeywell
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’ 2Q17 Adjusted EPS to Rise
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.

Chart in Focus: Boeing’s Canadian Defense Order
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.