Five years ago, then-President Donald Trump promised to put Americans back on the moon by 2024. Five years later, American astronauts are still cooling their heels down here on Earth. Although Artemis I successfully took off and flew to the moon in 2022, it didn't land on the moon, and there were no astronauts on board.Now it looks like we'll need to wait until 2026 (at the earliest) before we can land on the moon. When are we back on the moon, NASA?So what's the hold up? First and foremost, it's a question ...

NASA's and Lockheed Martin's X-59 experimental supersonic jet is unveiled during a roll-out ceremony ... [+] in Palmdale, California, on January 12, 2024. (Photo by Robyn Beck / AFP) (Photo by ROBYN BECK/AFP via Getty Images)AFP via Getty ImagesLockheed Martin LMT (NYSE: LMT) recently reported its Q4 results, with revenues and earnings beating the street estimates. The company reported revenue of $18.9 billion, reflecting a 0.6% decline from the prior year period but above the $18.0 billion street estimate. ...

Key PointsDefense stocks are trending higher, but results have Lockheed Martin and RTX Corporation moving in opposite directions. Guidance is solid, but one guided for strength, the other for weakness, and the analysts took note. Analysts' sentiment is shifting for these stocks and will help one fly higher and the other wallow in 2024. 5 stocks we like better than RTXLockheed Martin Corporation NYSE: LMT and RTX Corporation NYSE: RTX are moving in opposite directions following their Q4 reports, suggesting o ...

Program Supports Both Companies' Efforts to Innovate at a More Rapid Pace ORLANDO, Fla., Jan. 24, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) and Red 6 announced today a strategic joint venture and Mentor-Protégé Agreement under the U.S. Small Business Administration Mentor-Protégé Program. "Red 6 is thrilled for this opportunity to work more closely with Lockheed Martin. It broadens our existing avenues for progression and rapid integration of Red 6 technology into the broader market using Lockheed Ma ...

JAMES D. TAICLET Chairman, President and CEO Lockheed Martin JAY MALAVE Chief Financial Officer Corporation 4th Quarter 2023 Conference Call January 23, 2024 Webcast login at: www.lockheedmartin.com/investor Webcast replay & podcast available by 2:00 p.m. ET January 23, 2024 at: www.lockheedmartin.com/investor ...

BETHESDA, Md., Jan. 23, 2024 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized a first quarter 2024 dividend of $3.15 per share. The dividend is payable on March 29, 2024, to holders of record as of the close of business on March 1, 2024. About Lockheed MartinHeadquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 122,000 people worldwide and is principally engaged in the research, desi ...

Shares of Lockheed Martin (LMT -4.16%) fell 4.2% on Tuesday as stronger-than-expected quarterly results from the defense and aerospace giant were overshadowed by its mixed outlook for the coming year. The market also appears concerned for the risk of delays surrounding the first deliveries of its next-gen F-35 fighter jets.A solid end to 2023 for Lockheed MartinFor Lockheed's fourth quarter of 2023, net sales declined 0.6% year over year to $18.87 billion, while its adjusted (non-GAAP) earnings increased 1. ...

Financial Data and Key Metrics Changes - Lockheed Martin reported full-year sales of $67.6 billion, a 2% increase year-over-year, with earnings per share (EPS) of $27.55 [6] - The company generated $6.2 billion in free cash flow for the year, with a year-over-year free cash flow per share percentage growth in the mid-single digits [6] - The company returned approximately 145% of free cash flow to shareholders, totaling over $9 billion through dividends and share repurchases combined [7][23] Business Line Data and Key Metrics Changes - **Aeronautics**: Fourth quarter sales were comparable year-over-year, with a 2% increase for the year driven by Skunk Works and F-16 production, while F-35 saw a low single-digit decline [26] - **Missiles and Fire Control (MFC)**: Sales decreased 4% year-over-year in the fourth quarter, with a 1% decline for the year due to program transitions and supplier cost timing [27] - **Rotary and Mission Systems**: Sales declined 2% in the quarter, but increased 1% for the year, driven by growth in radar and battle management systems [28] - **Space**: Sales increased 3% year-over-year in the fourth quarter and 9% for the year, with a backlog of $30 billion [29] Market Data and Key Metrics Changes - The U.S. defense budget is proposed at $886 billion for 2024, a 3% increase from 2023, which is expected to support Lockheed Martin's programs [11] - The company reported a record backlog of $161 billion, reflecting strong demand across all segments [6][25] Company Strategy and Development Direction - Lockheed Martin is focused on advancing its 21st Century security strategy, investing over $3 billion in research and development and capital in 2023 [6][7] - The company aims to enhance its supply chain resilience and broaden the defense industrial base through collaborations with commercial technology partners [8][9] - Lockheed Martin is transitioning towards a value-based pricing model to attract commercial tech companies into the defense sector [56][69] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning amidst converging demand cycles, anticipating continued growth in sales, profit, and free cash flow [25][34] - The company expects low single-digit sales growth in 2024, with free cash flow projected between $6 billion and $6.3 billion [7][34] - Management highlighted the importance of transparency regarding production capabilities and the need for realistic scheduling in technology integration [61] Other Important Information - Lockheed Martin's Aeronautics segment is targeting between 75 to 110 F-35 deliveries in 2024, with a focus on achieving TR-3 software acceptance [30][14] - The company is actively pursuing international partnerships to enhance interoperability and defense capabilities [10] Q&A Session Summary Question: Regarding Aero and F-35 margins for 2024 - Management indicated that lower favorable profit adjustments are expected, primarily due to the F-35 program and inflation impacts on the C-130 program [36] Question: Guidance for 2025 margins - Management suggested starting with the 10.5% total company margin guide for 2024 as a baseline for 2025, with gradual improvement expected [40] Question: Pension contribution schedule beyond 2024 - Management noted that no contributions are required in 2024, but approximately $1 billion is expected in 2025, with considerations for potential early contributions [43] Question: Impact of government budget delays on 2024 guidance - Management stated that the guidance is not significantly impacted, but extended delays beyond March could complicate sales conversions [45] Question: Expectations for F-35 deliveries and inventory - Management confirmed that most F-35 deliveries are expected in the second half of the year, with a handful in the first half [50] Question: Competitive environment and contracting approach - Management emphasized a disciplined pricing strategy and a shift towards value-based pricing to mitigate risks associated with government contracting [55][57]

Lockheed Martin Corporation (LMT) reported fourth-quarter 2023 adjusted earnings of $7.90 per share, which beat the Zacks Consensus Estimate of $7.26 by 8.8%. The bottom line also improved 1.4% from the year-ago quarter's recorded figure.The company reported GAAP earnings of $7.58 per share compared with $7.40 in the prior-year period.Lockheed reported 2023 adjusted earnings of $27.82 per share, which beat the Zacks Consensus Estimate of $27.24 by 2.1%. The bottom line also rose 2.2% from the year-ago quart ...

For the quarter ended December 2023, Lockheed Martin (LMT) reported revenue of $18.87 billion, down 0.6% over the same period last year. EPS came in at $7.90, compared to $7.79 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $17.98 billion, representing a surprise of +4.96%. The company delivered an EPS surprise of +8.82%, with the consensus EPS estimate being $7.26.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...