On Tuesday morning, defense and aerospace giant Lockheed Martin (LMT) , which is a long-time Sarge name though I had recently reduced exposure, released the firm’s fourth quarter financial resul...
Tag: LMT
Virgin Galactic Shakes Up Management. The Stock Soars.
Space tourism startup Virgin Galactic has made changes at the top as it prepares to launch commercial space flight service later this year. The stock is taking off, but the management move probably is...
Your Retirement Plans Will Change With the $1.7 Trillion Federal Spending Bill
Congress is poised to approve a $1.7 trillion spending bill this week that seeks to avert a government shutdown and boost the savings of Americans by making significant changes to their retirement pla...
The Valuation Game: SpaceX Soars as Elon Musk Slips to No. 2
Quiet weeks are rare in Elon Musk’s world. This past Monday, Bloomberg reported that Musk was raising funds for his space company, SpaceX. At $77 a share, the offer would lift Space X’s valuation 12%,...
Boeing Retires the 747, and the Age of Jumbo Jets
The Boeing 747 has retired. The jets still fly—but new ones won’t be built. On Tuesday, the last 747 rolled off an Everett, Wash. assembly line. This is no surprise. CEO Dave Calhoun said in July 2020...
Lockheed Martin hikes dividend 7% as Ukraine war drags on
Lockheed Martin Corp. LMT, -0.90% said late Friday its board approved a 7% hike to the aerospace and defense company’s dividend. The company said it will pay a $3-a-share dividend, up from a pre...
Defense Companies Hurt by Staffing Shortages Amid Growing Weapons Demand
July 30, 2022 11:04 am ET Listen to article (2 minutes) U.S. defense companies are experiencing staffing shortages when the war in Ukraine and tensions surrounding Taiwan are expected to stoke demand ...
Investors, Locked in on Lockheed’s Guidance, May Miss Their Shot
Sometimes earnings season is like hunting for a target from extremely close range — but failing to see all the other flashes further out on the radar. Investors, in other words, become so myopic...
LMT Stock: Lockheed Slashes Guidance After Earnings Miss As Defense Giants Wipe Out Ukraine Invasion Gains
Lockheed Martin (LMT) on Tuesday reported second-quarter earnings and revenue came in below analyst expectations, and the defense giant also slashed guidance. LMT stock closed flat on Tuesday after br...
Lockheed and Pentagon near $30 billion deal; What it could mean for LMT stock?
Lockheed Martin (NYSE: LMT) is looking to provide the U.S. government with roughly 375 F-35 fighter jets over a three-year period. Namely, reports surfacing on July 18 pointed to the U.S. Department o...
Inflation Has Become a Global Problem. Where the U.S. Ranks
David Paul Morris/Bloomberg Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. U.S. Gets Ranked on In...
LMT Stock Falls With Earnings For F-35 Maker Lockheed Martin On Tap
F-35 maker Lockheed Martin (LMT) is gearing to report for the first quarter early Tuesday. The Russian invasion of Ukraine unleashed German and NATO defense spending, including on F-35 fighter jets. O...
General Dynamics Stock: Why It’s Time to Buy
Text size General Dynamics M1 Abrams battle tanks. Krisztian Bocsi/Bloomberg Russia’s war in Ukraine shows no sign of ending, and the news of civilian deaths in places like Kramatorsk, Bucha, and Irpi...
Defense Stocks Rose With the Ukraine War. Then a Tight Proposed Budget Set Them Back.
Elias Stein Text size Defense stocks took a surprising blow after a proposed defense budget was released last week. The Biden administration asked Congress for $773 billion to fund defense for fiscal ...
Defense Stocks Take a Hit on U.S. Defense Spending Request
Text size Defense stocks trade for about 18 times estimated 2022 earnings. Jose Luis Magana / AFP) Defense stocks are taking a small hit after details of the coming defense budget were released. On Mo...
Apple, Lockheed Martin, Walgreens Boots Alliance, Franco-Nevada, CMS Energy
Apple® today announced financial results for its fiscal 2022 first quarter ended December 25, 2021. The Company posted an all-time revenue record of $123.9 billion, up 11 percent year over year, and q...