Lockheed Martin Corporation's Stock Analysis

Lockheed Martin Extends Credit Agreement Maturity to 2030

Lockheed Martin Corporation has amended its existing $3.0 billion Revolving Credit Agreement, extending the maturity date from August 24, 2029, to August 24, 2030. The amendment also eliminates the 10 basis point credit spread adjustment on Term SOFR borrowings, while the other terms of the agreement remain unchanged.

The lenders involved in this agreement include JPMorgan Chase Bank, Citibank, Crédit Agricole, Mizuho Bank, Wells Fargo, and Bank of America. These institutions may have various financial relationships with Lockheed Martin, providing services such as cash management and investment banking for which they receive customary fees.

Aug 29, 2025 16:40:08

Lockheed Martin Issues $2 Billion in Senior Unsecured Notes

Lockheed Martin Corporation completed the issuance of $2 billion in senior unsecured notes on July 28, 2025. This includes three series of notes: $500 million of 4.150% Notes due 2028, $750 million of 4.400% Notes due 2030, and $750 million of 5.000% Notes due 2035. The notes were sold through a public offering under an effective registration statement and will pay interest semi-annually starting February 15, 2026. The company has the option to redeem the notes at specific prices as outlined in the final prospectus supplement.

The proceeds from the notes will be used for general corporate purposes, which may include repaying existing debt. The issuance was conducted under an underwriting agreement with major financial institutions, and the notes are governed by an indenture established in April 2023. Relevant documents, including the underwriting agreement and forms of notes, have been filed as exhibits to the report.

Jul 28, 2025 16:21:54

Lockheed Martin Reports Second Quarter 2025 Financial Results

Lockheed Martin Corporation reported sales of $18.2 billion for the second quarter of 2025, a slight increase from $18.1 billion in the same quarter of 2024. However, the company experienced pre-tax losses of $1.6 billion on various programs, which significantly impacted net earnings, resulting in $342 million or $1.46 per share. Cash from operations was $201 million, down from $1.9 billion in the prior year, while free cash flow was negative at $(150) million. The company returned $1.3 billion to shareholders through dividends and share repurchases during this quarter.

The financial difficulties were primarily attributed to challenges in classified and international helicopter programs, leading to substantial program losses. Notably, Lockheed Martin recognized additional pre-tax losses of $950 million on a classified program and $570 million on the Canadian Maritime Helicopter Program. Despite these setbacks, the company reaffirmed its 2025 guidance for sales and free cash flow. The ongoing program review process is aimed at addressing these risks and improving execution, as the company continues to invest in infrastructure and innovation to support future growth.

Jul 22, 2025 07:32:49

Lockheed Martin Reports Q1 2025 Earnings and Cash Flow

Lockheed Martin Corporation announced its financial results for the first quarter of 2025, reporting sales of $18.0 billion, a 4% increase from $17.2 billion in the same quarter of 2024. Net earnings rose to $1.7 billion, or $7.28 per share, compared to $1.5 billion, or $6.39 per share, in the prior year. The company generated cash from operations of $1.4 billion and free cash flow of $955 million, with a return of $1.5 billion to shareholders through dividends and share repurchases during the quarter.

The company continues to focus on operational excellence and has a backlog of $173 billion, which represents more than two years of sales. Lockheed Martin's segments reported varied performance, with notable increases in sales from the Missiles and Fire Control and Aeronautics segments. The company reaffirmed its financial outlook for 2025, expecting sales between $73.75 billion and $74.75 billion, along with a projected diluted earnings per share of $27.00 to $27.30.

Apr 22, 2025 07:31:37

Lockheed Martin Appoints New CFO Amid Leadership Transition

Lockheed Martin has appointed Evan Scott as the new chief financial officer (CFO), succeeding Jesus “Jay” Malave, who is leaving to pursue other opportunities. Scott has been with the company for 26 years, holding various finance roles, including treasurer and CFO of two business areas. His appointment is effective immediately.

The company will present its first quarter 2025 earnings results on April 22, 2025, at 11 a.m. ET. During this webcast, CEO James Taiclet and Vice President Maria Ricciardone will reaffirm the company's previously-issued guidance for 2025, while also addressing the impacts of tariffs and recent developments related to the Next Generation Air Dominance program. First quarter results will be released before the market opens on the same day.

Apr 17, 2025 10:25:35

Lockheed Martin Reports $71 Billion in 2024 Net Sales

Lockheed Martin's 2024 financial results showed a net sales increase of 5% to $71.0 billion, driven by strong demand for defense technology. The company generated $7.0 billion in cash from operations and returned $6.8 billion to shareholders through dividends and share repurchases, alongside a record backlog of $176.0 billion at the end of the year.

However, the company faced significant challenges, recording pre-tax losses of $1.7 billion and $2.0 billion related to classified programs, which adversely affected earnings per share by $5.45 and $6.16 for the fourth quarter and full year, respectively. Earnings per share for the fourth quarter dropped to $2.22 from $7.58 a year earlier, and cash from operations decreased from $2.4 billion in Q4 2023 to $1.0 billion in Q4 2024, primarily due to a pension contribution of $990 million.

Jan 28, 2025 07:32:23

Lockheed Martin Appoints Admiral Aquilino to Board of Directors

Lockheed Martin has elected Admiral John C. Aquilino to its board of directors, effective immediately. His extensive military experience, including his role as the former commander of the U.S. Indo-Pacific Command, is expected to provide valuable insights to the board and enhance oversight as the company continues to advance its defense strategies. Chairman Jim Taiclet expressed anticipation for Aquilino's contributions towards strengthening deterrence and collaboration in the defense sector.

On the downside, the press release does not provide any specific financial metrics or performance indicators related to Lockheed Martin's current standing or future outlook. Additionally, while the appointment of Aquilino is framed positively, the absence of detailed information on the board's current composition or strategic challenges leaves some questions unanswered regarding the company's direction and governance.

Dec 11, 2024 16:31:07

Lockheed Martin's Strong Q3 Performance and Shareholder Returns

Lockheed Martin reported a modest increase in net sales for the third quarter of 2024, reaching $17.1 billion, alongside net earnings of $1.6 billion, or $6.80 per share. The company generated $2.4 billion in cash from operations and returned $1.6 billion to shareholders through dividends and share repurchases, highlighting its commitment to shareholder value. Additionally, the board approved a 5% increase in the quarterly dividend, marking the 22nd consecutive year of dividend growth, and raised its financial outlook for the year based on strong performance and a record backlog of over $165 billion.

However, there were some challenges, particularly related to the F-35 program, where delays in receiving government contracts led to a significant impact on revenue recognition and cash flow. The company incurred approximately $400 million in costs without the ability to recognize revenue, which could affect future financial results. Despite these setbacks, Lockheed Martin remains optimistic about its operational strategies and investments aimed at enhancing production capacity and international sales.

Oct 22, 2024 07:31:37

Lockheed Martin Reports Strong Q2 2024 Financial Results

Lockheed Martin's Q2 2024 showed positive growth with net sales rising 9% to $18.1 billion. Net earnings were $1.6 billion, slightly down from last year, but cash from operations and free cash flow significantly increased. The company returned $1.6 billion to shareholders and raised its 2024 outlook for sales and earnings. However, non-operational charges impacted net earnings, highlighting some financial challenges.

Jul 23, 2024 07:31:54

Lockheed Martin Begins Deliveries of Advanced F-35 Aircraft

Lockheed Martin and F-35 Joint Program Office commence deliveries of Technology Refresh-3 F-35 aircraft to Alabama and Nevada bases. Initial training capability jets delivered with plans to provide robust combat training by August and full combat capabilities in 2025. Emphasis on stability, capability, and maintainability. Government acceptance procedures followed. Ongoing software updates aim to enhance F-35 effectiveness. Positive outlook expressed by program executives for meeting warfighters' needs.

Jul 19, 2024 15:40:35