Lockheed Martin secures two Air Force contracts

  • Lockheed Martin (NYSE:LMT) has been awarded a ~$428.41M firm-fixed-price contract, for 400 Lot 19 Joint Air-to-Surface Standoff Missile – Extended Range missiles with containers, training and production preparation, tooling and test equipment and hardware spares.
  • Work to be performed in Orlando, Florida, and is expected to be completed July, 2025.
  • Separately, Lockheed Martin has been awarded a ~$414.25M firm-fixed-price contract, for 137 Lots 4 and 5 Long Range Anti-Ship Missiles, tooling and test equipment.
  • Work to be performed in Orlando, Florida; and Troy, Alabama, and is expected to be completed March, 2025. This contract involves Foreign Military Sales.

    Lockheed Martin fundamentals

    Investors in Lockheed Martin can expect a huge dividend payment. Based on the recent analysts' consensus the stock now has one of the highest dividend returns of the American market. Per share the analysts expect a dividend of 10.64 USD per share. Thus the dividend yield equals 3.11 percent. The average dividend yield of the aerospace & defense companies equals a poor 0.44 percent.

    Historical dividend returns Lockheed Martin

    For this year the company, based in Bethesda revenue will be around 68.12 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2020's revenue of 65.4 billion USD.

    Historical revenues and results Lockheed Martin plus estimates 2020

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    The analysts expect for 2021 a net profit of 7.36 billion USD. For this year the consensus of Lockheed Martin 's result per share is a profit of 26.33 USD. So the price/earnings-ratio equals 12.98.

    Based on the current number of shares Lockheed Martin 's market capitalization equals 95.67 billion USD. The Lockheed Martin stock was the past 12 months quite volatile. Since last February the stock is 9 percent lower. This year the stock price moved between 266 and 418 dollar.

    Historical stock prices Lockheed Martin

    stock analysis lockheedmartin

    Click here for dividend Lockheed Martin. On Thursday the stock closed at 341.69 USD.

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