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LMT
NYSE
Aerospace & Defense
$507.40
USD
+$2.38 (+0.47%)
Last close
Market Cap:
$119.08B
Volume:
3.7M
Previous Close
$505.02
Day Range
$503.90 - $518.24
52 Week Range
$410.11 - $692.00
Average Volume (10 Days)
1.5M
P/E Ratio
23.74
Dividend Yield
2.65%
Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. The firm is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Its segments include Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft. MFC segment provides air and missile defense systems, manned and unmanned ground vehicles, energy management solutions, and others. RMS segment designs, manufactures, services and supports various military and commercial helicopters, surface ships, sea and land-based missile defense systems, and others. Its Space segment is engaged in the research and design, development, engineering and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems.
CEO
Mr. James Taiclet
Headquaters
Bethesda, MARYLAND, US
Founded
1961
Employees
123,000
The U.S. Space Force awarded up to $3.2 billion in contracts to 12 companies, including Lockheed Martin and SpaceX, to develop early prototypes of space-based missile interceptors for the Golden Dome defense system. Companies are expected to demonstrate working prototypes by 2028, though full deployment costs remain uncertain and could reach hundreds of billions over 20 years.
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The U.S. Space Force awarded up to $3.2 billion in contracts to 12 companies, including Lockheed Martin and SpaceX, to develop space-based interceptor prototypes for the Golden Dome missile defense program. The contractors must demonstrate working prototypes by 2028 as part of a multilayer defense system designed to counter missile threats to the homeland.
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Lockheed Martin's CEO described the current administration as a golden opportunity for the company, citing favorable contracting terms and increased Pentagon spending. The remarks came as the defense giant reported $18 billion in first-quarter revenue and secured billions in new missile and training contracts tied to the Iran conflict.
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Lockheed Martin has opened a new Rapid Fielding Center in Dallas designed to accelerate prototype development and reduce delivery timelines from years to months. The facility is part of a $7 billion capacity expansion and supports the U.S. government's push for faster defense procurement cycles.
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Lockheed Martin has been awarded a contract to integrate the Patriot Advanced Capability-3 Missile Segment Enhancement (PAC-3 MSE) interceptor into the U.S. Navy's Aegis combat system for the first time. The move aims to strengthen fleet defenses against hypersonic and maneuvering missile threats, particularly from China, by adding a proven Army interceptor to Navy destroyers and cruisers.
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