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Last $208.15 USD
Change Today +4.52 / 2.22%
Volume 2.5M
LMT On Other Exchanges
Symbol
Exchange
New York
Sao Paulo
Mexico
Frankfurt
As of 4:02 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

lockheed martin corp (LMT) Snapshot

Open
$204.77
Previous Close
$203.63
Day High
$210.41
Day Low
$204.31
52 Week High
07/29/15 - $210.41
52 Week Low
08/7/14 - $162.52
Market Cap
64.6B
Average Volume 10 Days
1.2M
EPS TTM
$11.65
Shares Outstanding
310.5M
EX-Date
08/28/15
P/E TM
17.9x
Dividend
$6.00
Dividend Yield
2.79%
Current Stock Chart for LOCKHEED MARTIN CORP (LMT)

lockheed martin corp (LMT) Details

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It also provides management, engineering, technical, scientific, logistics, and information services. Its Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The company’s Information Systems & Global Solutions segment provides technology systems and expertise, integrated information technology solutions, and management services; and supports customers in data analytics, cyber security, air traffic management, and energy demand management. This segment also provides network-enabled situational awareness; delivers communications, and command and control capabilities; integrates complex global systems that help customers to gather, analyze, and distribute critical intelligence data; and offers classified systems and services in the support of national security systems. Its Missiles and Fire Control segment provides 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 and engineering support, readiness, and integration services; and manned and unmanned ground vehicles. The company’s Mission Systems and Training segment offers ship and submarine mission and combat systems; mission systems and sensors for aircraft; sea and land-based missile defense systems; radar systems; littoral combat ships; simulation and training services; and unmanned systems and technologies. Its Space Systems provides satellites, strategic and defensive missile systems, and space transportation systems. The company serves civil, defense, intelligence, and other government customers in the United States and internationally. Lockheed Martin Corporation was founded in 1909 and is headquartered in Bethesda, Maryland.

112,000 Employees
Last Reported Date: 02/9/15
Founded in 1909

lockheed martin corp (LMT) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $1.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $884.3K
Executive Vice President of Aeronautics
Total Annual Compensation: $720.8K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $702.3K
Executive Vice President of Information Syste...
Total Annual Compensation: $651.1K
Compensation as of Fiscal Year 2014.

lockheed martin corp (LMT) Key Developments

Lockheed Martin Receives $1.5 Billion Missile Interceptor Deal

Lockheed Martin received $1.5 billion Missile Interceptor deal. United States and allied military forces are set to upgrade key missile defense capabilities under a new $1.5 billion contract for production and delivery of Patriot Advanced Capability-3 (PAC-3) missiles and PAC-3 Missile Segment Enhancement (PAC-3 MSE) missiles. The contract includes PAC-3 and PAC-3 MSE interceptor deliveries for the U.S. Army, and Foreign Military Sales of PAC-3 interceptors, associated equipment and spares for the Republic of Korea, the Kingdom of Saudi Arabia, Qatar, Taiwan and the United Arab Emirates.

Britain's Ministry of Defense Extends Lockheed Martin Military Inventory Contract

Britain's Ministry of Defense has extended Lockheed Martin's contract to manage its inventory of equipment and spare parts. The contract extension for the use of Lockheed Martin's Joint Asset Management and Engineering Solution, or JAMES, is for six years and is worth $28 million. JAMES allows British military personnel to rapidly identify the status, availability, condition, ownership, location and quantity of equipment. It can also track how many miles a vehicle has been driven or how many shots a weapon has fired.

Schlichter, Bogard & Denton Secures Final Court Approval for Settlement on Behalf of Lockheed Martin Employees

Schlichter, Bogard & Denton reported that it obtained final court approval for its historic $62 million settlement on behalf of Lockheed Martin employees and retirees from Chief U.S. Judge Michael Reagan of the Southern District of Illinois. The case, Abbott v. Lockheed Martin, alleged excessive fees in two of Lockheed Martin's 401(k) plans, as well as imprudent management of certain investment options offered to employees. Judge Reagan stated in the course of the proceeding: The Court also agrees with Mary Ellen Signorille, ERISA senior staff attorney with the AARP Foundation in Washington, D.C., who described the settlement as ‘an exceptional recovery’ for the class that ‘was only made possible by Schlichter, Bogard & Denton risking tremendous sums of time and money while providing an exceptional level of professional services throughout eight years of litigation’. Plaintiffs alleged that Lockheed Martin breached its fiduciary duties under the Employee Retirement Income Security Act (ERISA). Plaintiffs alleged that the defense contractor imprudently managed and invested plan participants' retirement savings in funds that charged excessively high fees, diminishing returns. Further, they alleged that Lockheed Martin allowed an unreasonably high level of participants' retirement assets to be held in low yielding money market funds for State Street Bank & Trust, with whom Lockheed Martin had multiple business relationships. Plaintiffs also alleged excessive fees were charged for recordkeeping services to the Plan.

 

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Industry Analysis

LMT

Industry Average

Valuation LMT Industry Range
Price/Earnings 18.1x
Price/Sales 1.4x
Price/Book 21.2x
Price/Cash Flow 17.6x
TEV/Sales 1.1x
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