27-Sep-2024
Lockheed Martin Missiles and Fire Control receives $3.23B contract
Seeking Alpha News (Fri, 27-Sep 5:31 PM ET)
Leidos is added to Artemis lunar rover team as Lockheed departs
Seeking Alpha News (Thu, 26-Sep 11:04 AM ET)
Turkey is said to seek Germany's approval for $5.6B Eurofighter deal
Seeking Alpha News (Mon, 23-Sep 12:42 PM ET)
PRNewswire (Wed, 18-Sep 11:02 AM ET)
Bullish On LMT? You Might Want To Consider This Credit Put Spread Expiring in 14 Days
Market Chameleon (Tue, 10-Sep 8:29 AM ET)
PRNewswire (Tue, 10-Sep 3:12 AM ET)
Lockheed Martin Welcomes Egypt to the C-130J Super Hercules Fleet
PRNewswire (Thu, 5-Sep 10:15 AM ET)
Lockheed Martin Chairman, President and CEO and CFO to Speak at the Morgan Stanley Conference
PRNewswire (Thu, 5-Sep 9:01 AM ET)
Global Military Drone Industry Seeing Rapid Technological Advancements as Market Growth Accelerates
Globe Newswire (Thu, 5-Sep 8:45 AM ET)
Poland and Lockheed Martin Celebrate Debut of Poland's First F-35A "Husarz"
PRNewswire (Wed, 28-Aug 11:37 AM ET)
Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, mainly encompassing the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.
Lockheed Martin trades on the NYSE stock market under the symbol LMT.
As of September 27, 2024, LMT stock price climbed to $582.36 with 742,667 million shares trading.
LMT has a beta of -0.13, meaning it tends to be less sensitive to market movements. LMT has a correlation of 0.01 to the broad based SPY ETF.
LMT has a market cap of $138.81 billion. This is considered a Large Cap stock.
Last quarter Lockheed Martin reported $18 billion in Revenue and $7.11 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $.65.
In the last 3 years, LMT traded as high as $584.07 and as low as $324.23.
The top ETF exchange traded funds that LMT belongs to (by Net Assets): RAYD, VTI, VOO, SCHD, SPY.
LMT has outperformed the market in the last year with a price return of +45.6% while the SPY ETF gained +35.8%. LMT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +25.3% and +2.2%, respectively, while the SPY returned +4.9% and +2.0%, respectively.
LMT support price is $571.74 and resistance is $583.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LMT shares will trade within this expected range on the day.