Latest news with #LMT
Yahoo
a day ago
- Business
- Yahoo
Lockheed Martin Shares Plunge After $1.6B Classified Charge Crushes Profit
July 22 - Lockheed Martin (NYSE:LMT) shares fell more than 6% Tuesday after the defense contractor reported an 80% plunge in second-quarter profit. This profit decline was due to the $1.6 billion pretax charge tied to a classified Aeronautics program. Net income dropped to $342 million, or $1.46 per share, compared with $1.64 billion, or $6.85 per share, a year earlier. The company also cut its 2025 operating profit outlook by $1.5 billion to $6.65 billion. The charge included $950 million related to the undisclosed program and $570 million connected to issues with Canada's CH-148 Cyclone helicopter deal. Lockheed said it is in discussions with the Canadian government to amend contract terms. Adjusted earnings came in at $7.29 per share, topping analysts' average estimate of $6.44, according to LSEG. However, revenue missed forecasts, coming in at $18.16 billion versus the $18.57 billion consensus. Lockheed mentioned elevated expenses on fixed-price contracts, numerous entered into prior to the post-pandemic rise in labour and materials costs. The company added inflation and a persistent lack of supply chain availability is straining long-term defense systems. This article first appeared on GuruFocus.
Business Wire
a day ago
- Business
- Business Wire
Securities Fraud Investigation Into Lockheed Martin Corporation (LMT) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)-- The Law Offices of Frank R. Cruz announces an investigation of Lockheed Martin Corporation ('Lockheed' or the 'Company') (NYSE: LMT) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON LOCKHEED MARTIN CORPORATION (LMT), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On July 22, 2025, Lockheed released its second quarter 2025 financial results, reporting sharply lower second-quarter earnings, including $1.6 billion in program losses. The Company disclosed it was forced to recognize $950 million in losses related to its Aeronautics Classified program due to 'design, integration, and test challenges, as well as other performance issues' as well as 'significant changes to its processes and testing approach.' The Company also reported $570 million in losses on its Canadian Maritime Helicopter Program due in part to providing 'additional mission capabilities, enhanced logistical support, fleet life extension, and revised expectations regarding flight hours.' The Company further reported a $95 million charge related to its Turkish Utility Helicopter Program due to the 'current status of the program.' The Company stated it is in 'ongoing discussion' with its customers regarding a potential 'restructure' of certain contractual terms and conditions. On this news, Lockheed's stock price fell as much as 9% during intraday trading on July 22, 2025, thereby injuring investors. Contact Us To Participate or Learn More: If you purchased Lockheed securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us: The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 Call us at: 310-914-5007 Email us at: info@ Visit our website at: Follow us for updates on Twitter at If you inquire by email, please include your mailing address, telephone number, and number of shares purchased. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Yahoo
a day ago
- Business
- Yahoo
Should You Buy the Post-Earnings Dip in Lockheed Martin Stock?
Lockheed Martin Corp_ TX facility-by JHVEPhpoto via iStock Lockheed Martin (LMT) shares tanked nearly 10% on Tuesday morning after the aerospace and defense manufacturer came in miles below EPS estimates for its fiscal Q2. The company based out of Fort Worth, Texas earned $1.46 a share in its second financial quarter, well below $6.41 per share that analysts had forecast. More News from Barchart Including today's decline, Lockheed Martin stock is down some 17% versus its year-to-date high. Why Did Lockheed Martin Fall Short of Earnings Estimates in Q2? LMT missed estimates by a huge margin in its fiscal Q2 due to an unexpected $1.6 billion charge. About $950 million of it was tied to a classified aeronautics program facing design, integration, and testing setbacks that worsened in the first half of 2025. The remaining $570 million hit came from revised cost estimates on the firm's Canadian Maritime Helicopter Program, driven by expanded mission requirements and ongoing contract restructuring. Investors should note, however, that both of these charges were described as one-time adjustments in Lockheed Martin's earnings release on Tuesday. Therefore, it's well within reason to argue that the selloff in LMT shares today is rather overblown and the defense stock is, in fact, worth buying on the post-earnings weakness. Why Are LMT Shares Worth Buying Despite Q2 Earnings Miss? Investors should consider loading up on Lockheed Martin shares at current levels also because the NYSE-listed firm, despite falling short of Q2 earnings expectations, reaffirmed its full-year outlook for sales and free cash flow on Tuesday, signaling confidence in its operational outlook. Additionally, the aerospace and defence manufacturer remains committed to repurchasing roughly $3 billion worth of its stock this year – which may boost shareholder value in the second half of 2025. In the earnings release, Jim Taiclet, the company's chief executive officer, remained optimistic as well, citing increased global interest in defense systems like THAAD, PAC-3, and F-35. Note that LMT stock currently pays a healthy dividend yield of 3.13%, which makes it all the more exciting to buying on the post-earnings pullback. Wall Street Remains Positive on Lockheed Martin Stock Despite the earnings miss, Wall Street firms also remain largely bullish on Lockheed Martin stock.
Business Insider
2 days ago
- Business
- Business Insider
Lockheed Martin awarded $999M Air Force contract
Lockheed Martin (LMT) was awarded a $999M indefinite-delivery/indefinite-quantity contract for Joint Air to Surface Standoff Missile and Long-Range Anti-Ship Missile production support. This contract provides for lifecycle support for all efforts related to JASSM, LRASM and all their variants in the areas of system upgrades, integration, production, sustainment, management and logistical support. Work will be performed at Orlando, Florida, and is expected to be complete by July 17, 2030. This contract was a sole source acquisition. No funds are being obligated at the time of award. The Air Force Life Cycle Management Center is the contracting activity. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with , delivered to your inbox every week.
Yahoo
5 days ago
- Business
- Yahoo
Lockheed Martin (LMT) Declines More Than Market: Some Information for Investors
Lockheed Martin (LMT) ended the recent trading session at $463.96, demonstrating a -1.12% change from the preceding day's closing price. This change lagged the S&P 500's 0.01% loss on the day. Meanwhile, the Dow lost 0.32%, and the Nasdaq, a tech-heavy index, added 0.05%. Coming into today, shares of the aerospace and defense company had gained 0.13% in the past month. In that same time, the Aerospace sector gained 6.62%, while the S&P 500 gained 5.37%. Analysts and investors alike will be keeping a close eye on the performance of Lockheed Martin in its upcoming earnings disclosure. The company's earnings report is set to go public on July 22, 2025. In that report, analysts expect Lockheed Martin to post earnings of $6.49 per share. This would mark a year-over-year decline of 8.72%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.56 billion, up 2.44% from the year-ago period. For the full year, the Zacks Consensus Estimates are projecting earnings of $27.21 per share and revenue of $74.32 billion, which would represent changes of -4.43% and +4.62%, respectively, from the prior year. Investors should also note any recent changes to analyst estimates for Lockheed Martin. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.21% lower. As of now, Lockheed Martin holds a Zacks Rank of #4 (Sell). In terms of valuation, Lockheed Martin is currently trading at a Forward P/E ratio of 17.24. Its industry sports an average Forward P/E of 25.34, so one might conclude that Lockheed Martin is trading at a discount comparatively. We can also see that LMT currently has a PEG ratio of 1.64. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Aerospace - Defense industry currently had an average PEG ratio of 2.07 as of yesterday's close. The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 35% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
