Lockheed Martin (LMT) Declares $2.00 Quarterly Dividend; 2.4% Yield

Big data aids Sikorsky in improving helicopter maintenance

April 25, 2018 6:22 PM EDT

By Andrea Shalal

BERLIN (Reuters) - Big data analytics are helping Lockheed Martin Corp's (NYSE: LMT) helicopter unit improve the maintenance of its aircraft and cut costs by identifying patterns that might have otherwise gone unnoticed, Sikorsky President Dan Schultz said on Wednesday.

For instance, the company redesigned a wrench after a data-driven analysis of repairs on the CH-53E heavy-lift helicopter revealed that mechanics were damaging the swash plate part of the rotor if they slipped while tightening bolts.

"We went to the assistant secretary of the Navy... More

Lockheed Martin (LMT) PT Lowered to $408 at Drexel Hamilton

April 25, 2018 6:11 AM EDT

Drexel Hamilton lowered its price target on Lockheed Martin (NYSE: LMT) to $408.00 (from $457.00) while maintaining a Buy rating.

... More

Boeing adds German partners for heavy-lift helicopter battle

April 25, 2018 5:55 AM EDT

BERLIN (Reuters) - Boeing (NYSE: BA) has teamed up with 10 German firms as part of its bid to win a 4 billion euro ($4.9 billion) heavy-lift helicopter contract from Berlin, the U.S. company said on Wednesday.

Last week, U.S. rival Lockheed Martin Corp's (NYSE: LMT) Sikorsky said it had also linked up with more German firms as part of its attempt to land the deal.

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Lockheed lauds U.S. arms sales push, sees foreign sales rising

April 24, 2018 4:47 PM EDT

By Andrea Shalal

BERLIN (Reuters) - Top U.S. weapons maker Lockheed Martin Corp (NYSE: LMT) welcomed a push by U.S. President Donald Trump to speed up approvals of arms sales, saying it would reassure allies who had been frustrated by bureaucratic delays in the past.

The Trump administration last week rolled out an overhaul of U.S. arms export policy aimed at expanding sales to allies, saying it would bolster the American defense industry and create jobs at home.

Rick Edwards, executive vice president of Lockheed Martin International,... More

Lockheed Martin shares fall as cash flow outlook disappoints

April 24, 2018 9:20 AM EDT

By Mike Stone and Rachit Vats

(Reuters) - Lockheed Martin Corp (NYSE: LMT), the Pentagon's No. 1 weapons supplier, did not raise its 2018 cash flow projections on Tuesday even as the U.S. government spends more on defense, disappointing investors and pushing its shares lower.

Lockheed reported a better-than-expected quarterly profit and raised its full-year forecast, helped in part by higher sales of its stealthy F-35 combat jets.

The company's shares, however, fell 6.1 percent to $336.49 on the cash flow predictions amid a broader market sell-off. Its chief financial officer told Wall Street... More

Wall Street slides as high bond yields fan cost worries

April 24, 2018 8:09 AM EDT

By Stephen Culp

NEW YORK (Reuters) - Wall Street dropped sharply on Tuesday as warnings by bellwether companies of higher costs reverberated as the benchmark U.S. 10-year Treasury yield pierced the 3 percent level for the first time in four years.

Caterpillar, an industrial heavyweight, tumbled 6.20 percent after management said first-quarter earnings would be the "high water mark" for the year and warned of increasing steel prices, although the company beat earnings estimates due to strong global demand.

The S&P 500 and the Dow fell the most in two-and-a-half weeks, and the Dow Jones... More

Lockheed Martin (LMT) Tops Q1 EPS by 60c, Raises FY Guidance

April 24, 2018 7:31 AM EDT

Lockheed Martin (NYSE: LMT) reported Q1 EPS of $4.02, $0.60 better than the analyst estimate of $3.42. Revenue for the quarter came in at $11.6 billion versus the consensus estimate of $11.28 billion.

GUIDANCE:

Lockheed Martin sees FY2018 EPS of $15.80-$16.10, versus the consensus of $15.57.... More