LMT News

Lockheed (LMT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Sweeping global travel restrictions have hindered the awarding of an $800m marine helicopter contract being fought over by UK and US manufacturers, in the latest example of the coronavirus pandemic disrupting the defence sector. US-based Lockheed Martin and Italian defence group Leonardo are competing to supply the South Korean navy with 12 anti-submarine helicopters as well as weapons systems and support services. Both Lockheed Martin and Leonardo declined to comment on the situation.

Lockheed Martin said on Tuesday it will slow production of its stealthy F-35 fighter jets at its Texas facility, possibly delaying delivery of between 18 and 24 jets due to a parts shortage as the coronavirus hampers production across the jet's vast supply chain. Greg Ulmer, who runs Lockheed Martin's F-35 program, told Reuters in an interview that "we're going to slow the production rate down for about two to three months." The virus' impact on defense production was foreshadowed by Ellen Lord, the Pentagon's chief weapon's buyer, who in April said she anticipated that major weapons programs would experience a three-month delay.

In response to previously reported COVID-19 F-35 supplier delays, Lockheed Martin (NYSE: LMT) is taking proactive measures to mitigate impacts and position the program for the fastest possible recovery by adjusting work schedules, maintaining specialized employee skillsets, and accelerating payments to small and vulnerable suppliers, to continue meeting customer commitments.

A Relative Strength Rating upgrade for Lockheed Martin shows improving technical performance. Will it continue?

Moody's Investors Service ("Moody's") assigned A3 ratings to Lockheed Martin Corporation's ("LMT") new senior unsecured notes announced today. Today's issuance does not affect the company's existing A3 senior unsecured or P-2 short-term debt ratings, or the stable ratings outlook. Lockheed Martin posted strong results in the first quarter of 2020, supported by an accelerated Department of Defense payment schedule and continued growth of the F-35 program.

HEICO Corp.'s (HEI) fiscal second-quarter earnings decline 8.3% on a year-over-year basis due to lower quarterly sales as well as operating income.

Shares of Lockheed Martin (NYSE: LMT) traded up more than 5% on Wednesday after the defense titan's CEO expressed confidence that pandemic-related disruptions to production lines would be short-lived, and that the Pentagon budget will remain robust for years to come. Lockheed Martin and other defense contractors have been relative safe havens during the COVID-19 pandemic, but the company has seen some supply chain and manufacturing disruptions on key products, including its F-35 Joint Strike Fighter. CEO Marillyn Hewson, speaking Thursday at a Bernstein conference, said that Lockheed Martin will deliver 18 to 24 fewer F-35s than planned this year due to the pandemic.

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The U.S. hasn’t launched astronauts from American soil since 2011, the year National Aeronautics and Space Administration retired its space shuttle.

Expect more fiscal and monetary support and don't expect a full return to previous economic activity for quite some time.

(Bloomberg Opinion) -- After a prolonged shutdown, Ford Motor Co. officially resumed production at its North American factories this week. It hasn’t been as smooth a process as the company might have hoped: Ford had to temporarily close two critical facilities this week to allow for a deep cleaning after workers tested positive for the coronavirus. An Explorer SUV plant in Chicago was closed a second time after an employee at a nearby supplier facility tested positive for the virus, causing a parts shortage.This is the reality of manufacturing for the time being as companies fret about worker safety and the legal and reputational risks of not doing enough to protect employees. Unlike Ford, whose products fall into a category of consumer spending that’s become even more discretionary amid the pandemic, wide swaths of the industrial sector were deemed essential and allowed to remain operational. Those companies, too, have had their share of growing pains as they adjust to a new way of working.Boeing Co. temporarily closed its factories in the Puget Sound area in March after a worker died of the coronavirus and later briefly shuttered work at its 787 plant in South Carolina. CBS Minnesota reported earlier this month that a Honeywell International Inc. facility in Minneapolis had closed after a worker tested positive. Whirlpool Corp. closed its Amana, Iowa, refrigerator plant at least twice after employees tested positive for the virus, according to the Gazette local paper. Deere & Co. and Altria Group Inc.’s Philip Morris USA are among the many others that have had to close plants on a limited basis to avoid outbreaks among workers. Lockheed Martin Corp., meanwhile, said this week it will temporarily slow production of the F-35 fighter jet because of delays at suppliers.  It’s a lot harder, though, to bring factories back to life than it is to just figure it out as you go along. Ford may be a manufacturer, but because it’s one of the few to have experienced an extended lockdown, it’s arguably a better benchmark for the non-industrial economy. You better believe that office-based companies that have sent most of their workers home are keeping a close eye on how the likes of Ford fare in flipping the switch back on. Seeing the automaker’s setbacks this week, companies that can operate without their employees clustered in the same place may be less keen to rush back. They’re getting a more continuous stream of work out of their employees now than they would if they had to hit the pause button and clear out the office every few weeks. And the mixed messages from the White House aren't helpful: President Donald Trump is due to visit a Ford factory in Michigan that’s been converted to ventilator production and has been wishy-washy on whether he will adhere to the company’s face-mask requirements. Already, American Express Co. CEO Steve Squeri and Visa Inc. CEO Al Kelly said this week that most of their employees would work from home for the rest of the year. Some 28% of employers recently surveyed by Challenger, Gray & Christmas said they would make work-from-home arrangements permanent for at least some employees. Cryptocurrency exchange Coinbase and social media site Twitter Inc. are among those who have publicly said remote working will be their indefinite default option. Facebook Inc. said Thursday it would follow suit and move to a more permanent remote workforce.At the end of the day, manufacturing or non-manufacturing, it's all interconnected. How permanent this shift to work from home will be is debatable, but if companies end up needing less office space, by default that means fewer HVAC systems, commercial lighting, fire and security products or even 3M Co.’s Post-it notes. And if workers aren’t going to be commuting, do they still need to buy cars from Ford? There's a lot riding on getting reopening right.     This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Shares of Lockheed Martin (NYSE: LMT) rose 4.76% on Monday, as the F-35 manufacturer gained altitude along with the broader market. Investors are feeling optimistic thanks to some promising early results on a potential coronavirus vaccine, lifting hopes that the worst of the COVID-19 pandemic will soon be behind us. As industrial stocks go, Lockheed Martin has weathered the pandemic pretty well.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Lockheed Martin (LMT) have what it takes? Let's find out.

In the last five trading sessions, the defense biggies put up a solid show. Boeing gained the most, with its share price rising 8.2%, followed by Northrop Grumman.

Lockheed Martin is slowing production and delivery of its F-35 stealth fighters as the coronavirus pandemic continues to weigh on its suppliers.

Lockheed Martin (LMT) will procure support to manage diminishing manufacturing sources related to the F-35 program.

Lockheed (LMT) is well positioned to outperform the market, as it exhibits above-average growth in financials.

A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks to deploy a low-power nationwide mobile broadband network, saying it could pose a threat to global positioning systems (GPS). The U.S. Commerce Department's National Telecommunications and Information Administration filed a request on behalf of executive branch agencies, including the Defense and Transportation departments, saying the approval will cause "irreparable harms to federal government users" of GPS. It asked the FCC to "prevent Ligado from deploying its network until this petition is addressed and harmful interference concerns are resolved."

A White House advisory panel on Tuesday will call for the government and private industry to work together to build new technological infrastructure to support future jobs and provide the underpinnings critical to a solid economic recovery from the coronavirus pandemic, an official briefed on the plans said. The White House American Workforce Policy Advisory Board, which is co-chaired by White House adviser Ivanka Trump and U.S. Commerce Secretary Wilbur Ross, and includes Apple Chief Executive Tim Cook, Lockheed Martin Chief Executive Marillyn Hewson and IBM Executive Chairman Ginni Rometty, plans to call for "an unprecedented investment in digital infrastructure."