Core Points - Senator Thom Tillis, a key Republican, announced he would not support Ed Martin's nomination as U.S. Attorney for the District of Columbia, significantly jeopardizing Martin's chances for Senate confirmation [1][2] - Tillis expressed concerns over Martin's support for defendants involved in the January 6, 2021, Capitol riot, which was incited by former President Trump [1][2] - The likelihood of Martin's nomination being reported out of the Senate Judiciary Committee is low, as Tillis's opposition could lead to a tie vote, which would prevent the nomination from advancing [2][3] Summary by Sections Nomination Status - Tillis's refusal to support Martin's nomination is seen as a potentially fatal blow to his confirmation prospects [1][2] - With Tillis as a "no" vote, the best possible outcome for Martin from the committee would be a tie vote of 11-11, which would not allow the nomination to proceed [3] Concerns Raised - Tillis highlighted that while Martin acknowledged some individuals were over-prosecuted, he believed that 200 to 300 individuals should not have received pardons [3] - Tillis stated that if Martin were nominated for any district other than the one where the January 6 events occurred, he would likely support him [4] Sentiments on January 6 - Tillis expressed a strong stance against those who entered the Capitol on January 6, indicating that they should face imprisonment, although he noted the duration of imprisonment could be debated [5]

Cancellation of the Orion program could cost Lockheed Martin stock billions.Lockheed Martin (LMT -1.64%) is riding the market roller coaster on Friday.In early trading, shares of the defense giant jumped nearly 3% on a Wells Fargo report calling the new fiscal year 2026 defense budget a "big win for defense stocks."No sooner had that report come out, though, than Bloomberg broke bad news for Lockheed: The Trump administration plans to end Space Launch System launches and terminate production of Orion space ...

Investors didn't rush to buy Lockheed Martin stock this week. They might want to reconsider.Lockheed Martin (LMT 2.39%) reported earnings on Tuesday, and the crowd went mild.Seriously. Rarely has an earnings beat the size of the one Lockheed reported this week been met with such a gigantic collective shrug of dismissal as this one. Heading into earnings day, Wall Street analysts confidently predicted Lockheed would report a $6.31-per-share profit on $17.8 billion in sales. Instead, Lockheed reported $18 bil ...

Defense stocks are pulling back following Q1 reports from Lockheed Martin NYSE: LMT, Northrop Grumman NYSE: NOC, and RTX NYSE: RTX. The primary cause is uncertainty, followed by tepid guidance. Regarding uncertainty, companies face an unknown impact from tariffs that could affect their profitability. That is a risk that can’t be ignored. Each company reaffirmed its 2025 outlook, calling for growth and enough cash flow to maintain financial strength, reinvest in operations, and return capital to shareholders ...

We previously published an article on Lockheed Martin Corporation ( LMT ) in October 2021 when we observed that the share price reflected an unduly pessimistic view of their growth prospects. Our modelI am a CFA charterholder and a CIPM certificant. Professionally, I assist firms comply with the Global Investment Performance Standards (GIPS). The GIPS Standards has to do with how investment performance is calculated and presented by asset managers, pension funds, endowments and foundations. Previous to my c ...

Industry leaders look to the future with multi-year deal STRATFORD, Conn. and HOUSTON, April 24, 2025 /PRNewswire/ -- Sikorsky, a Lockheed Martin company (NYSE: LMT), and Bristow Group Inc. (NYSE: VTOL), the global leader in innovative and sustainable vertical flight solutions, today announced a long-term agreement to provide enhanced support for Bristow's S-92® helicopter fleet. Sikorsky, a Lockheed Martin company, and Bristow Group Inc. announced a long-term agreement to support Bristow's S-92® helicop ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.Lockheed Martin (NYSE: LMT ) stock has lost some of its momentum. Last year, the company had been coping with delivery issues on the F-35 program and saw a flurry of charges in Q4Dhierin runs the investing group The Aerospace Forum , whose goal is ...

Lockheed Martin Corp. (LMT) delivered a robust performance in the first quarter of 2025, underscoring its resilience in the defense sector. The company reported earnings per share of $7.28, which beat the Zacks Consensus Estimate by 14.8%. Revenues grew 4.5% year over year to $17.96 billion. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)This growth was primarily driven by sustained demand for its defense products, including missile systems and F-35 fighter jets. Segment-wise, all ...

April 22, 2025 at: www.lockheedmartin.com/investor April 22, 2025 through midnight April 23, 2025 Evan Scott 1 st Quarter 2025 Conference Call April 22, 2025 Webcast login at: James D. Taiclet Chairman, President and CEO Chief Financial Officer Maria Ricciardone Vice President, Treasurer & Investor Relations www.lockheedmartin.com/investor Webcast replay & podcast available by 2:00 p.m. ET Audio replay available from 2:00 p.m. ET 1 Forward-Looking Statements This presentation contains statements that, to th ...

Financial Data and Key Metrics Changes - Lockheed Martin reported a 4% year-over-year increase in sales for Q1 2025, reaching $15.5 billion, with a GAAP earnings per share of $7.28, reflecting a 14% increase [7][29] - The company generated $955 million in free cash flow after investing nearly $850 million in R&D and capital expenditures [30] - The segment operating margin was reported at 11.6%, with all four business areas generating double-digit returns [28][29] Business Line Data and Key Metrics Changes - Aeronautics sales increased by 3% year-over-year to $7.1 billion, primarily due to higher volumes on F-35 production contracts [32] - Missiles and Fire Control (MFC) sales rose by 13% from the prior year, driven by higher volumes on multiple tactical and strike missile programs, with segment operating profit improving by 50% [34] - Rotary and Mission Systems (RMS) sales increased by 6% to $4.3 billion, with operating profit up 21% year-over-year [38] - Space sales decreased by 2% year-over-year, primarily due to lower volume at national security space, but operating profit increased by 17% [39] Market Data and Key Metrics Changes - The backlog remains healthy at approximately $173 billion, with significant awards in Q1 coming from MFC and RMS [29] - The company anticipates between 170 to 190 F-35 deliveries for the year, with a backlog of approximately 360 jets at the end of Q1 [45] Company Strategy and Development Direction - Lockheed Martin's strategy focuses on integrating existing and new technologies to enhance capabilities, particularly in missile systems and air dominance [11][17] - The company is committed to operational execution, driving cost competitiveness, quality, and schedule adherence, with a focus on delivering on time and on budget [22] - The management emphasizes the importance of digital technologies and AI in enhancing operational capabilities and customer value [20][131] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full-year guidance of mid-single-digit sales growth and double-digit growth in free cash flow, despite known tariff headwinds [8][44] - The company is optimistic about the impact of recent executive orders aimed at reducing bureaucratic red tape in defense procurement, which could enhance operational efficiency [62][64] Other Important Information - Lockheed Martin's advanced air and missile systems secured several large missile program awards in Q1, comprising up to $10 billion in future work [11] - The company is actively engaged in the Golden Dome initiative, which aims to enhance national defense capabilities through integrated systems [91][94] Q&A Session Summary Question: Feedback on NGAD decision and potential protest - Management received a classified debrief from the U.S. Air Force regarding the NGAD decision and has decided not to protest it, focusing instead on applying developed technologies to existing platforms like the F-35 [54][56] Question: Impact of executive orders from the White House - Management welcomed the executive orders aimed at reducing red tape, which could speed up acquisition processes and enhance opportunities for both traditional and new defense contractors [62][66] Question: Tariff risks and CFO priorities - Management acknowledged certain protections in the defense industry against tariffs and expressed confidence in mitigating impacts, with a focus on maintaining momentum in operational initiatives [70][76] Question: F-35 Lot 19 timing and international demand - The company is looking at the second half of the year for Lot 19 and is confident in maintaining production rates due to strong international demand [81][82] Question: Discussion on Golden Dome funding and production ramp - Management outlined a three-segment approach for the Golden Dome initiative, emphasizing readiness to deploy existing systems and integrate new technologies [88][94] Question: Availability impact of new tariff regime on rare earth metals - Management confirmed that they are constrained from using Chinese inputs and have alternative sources for materials, ensuring that supply chain disruptions will not impact current delivery commitments [104][108] Question: Production increase plans in missiles and fire control - Management highlighted strong domestic and international demand for MFC products, with several programs ramping up production [111][112] Question: Integration of NGAD technologies into F-35 - Management clarified that the integration of NGAD technologies into the F-35 will involve co-investment from the U.S. government and Lockheed Martin, aiming for significant enhancements at reduced costs [123][130]