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Lockheed Martin Corp. Add to My Watchlist (NYSE: LMT) 

Detailed Quote
News
Chart
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Company Quote
 
Stock Data
Last Price 78.32 (11:31 AM EST)
Change (%)     +1.41 (+1.83%)
Volume 834,599
Open 76.00
Previous Close 76.91
Day High 78.68
Day Low 75.12
Bid N/A
Ask N/A
 
Average Volume 3,598,820
Shares Outstanding 400.61M
Market Cap 31.4B
Year High 120.30
Year Low 67.38
Earnings Per Share 7.71
P/E Ratio 10.2
Dividend 2.28
Yield 2.91
Chart
Intraday | 3 Month | 6 Month | 1 Year
 
Related Companies
Symbol Last Change (%)
UTX 47.50 +0.18 (+0.38%)
BA 40.72 +0.25 (+0.62%)
RTN 49.32 -1.30 (-2.57%)
GD 52.21 +0.56 (+1.08%)
HON 26.23 -0.27 (-1.02%)
BAESF 4.95 +0.00 (+0.00)
NOC 40.43 -0.57 (-1.39%)
Press Releases: LMT
Wed, Dec 03, 2008
Lockheed Martin Awarded $17 Million for Apache Target Acquisition Designation Sight System Modernization
- PR Newswire
Lockheed Martin Wins $1.1 Billion Contract (LMT)
- Baystreet Newswire
Tue, Dec 02, 2008
/ CORRECTION - Lockheed Martin Selects LynuxWorks'(TM) LynxOS(R)-SE 5.0 and Luminosity 3.0.6 for Medium Extended Air Defense System (MEADS(TM))
- Marketwire
Lockheed Martin Selected for Contract by NASA for Next Generation GOES-R Series Weather Satellites
- PR Newswire
Lockheed Martin Solar Power Testbed Will Foster Technology and Production Innovation
- PR Newswire
More Press Releases
News: LMT
Wed, Dec 03, 2008
Lockheed Martin Wins $1.1 Billion Contract (LMT)
Lockheed Martin [[LMT] just announced it has been awarded a $1.1 Billion U.S. contract to build the next generation of weather satellites. The company beat out Boeing (BA) and Northrop Grumman (NOC) for the contract. The first satellite is scheduled for delivery in 2014 with the second satellite’s delivery a year after that. The Bottom Line We had [...]
- Dividend Stocks - Th...
Lockheed Martin (LMT) Awarded $16.9 Million Contract From U.S. Army
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=4209704 for the full story.
- StreetInsider
Notable Analyst Rating Changes 12/03: LMT, DRI, CTAS Upgraded; ALO, SYK, FSLR Downgraded
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=4209697 for the full story.
- StreetInsider
Lockheed GOES Up
Straight up, with a pair of weather satellites.
- Fool.com Headlines
Lockheed Martin Wins $1.1 Bln Deal For Weather Satellites
Lockheed Martin Wins $1.1 Bln Deal For Weather Satellites
- FOXBusiness.com
More News
Blogs: LMT
Tue, Dec 02, 2008
After The Close - Tuesday
LOCKHEED MARTIN (LMT) won a $1.1 bil contract to build weather satellites for NASA and NOAA, besting Boeing (BA) and Northrop Grumman (NOC)....

- Investor's Business ...
Is The Time Right For Bottom Fishing?
As a contrarian style investor I don’t like to follow trends necessarilly. I try to look for undervalued stocks that are oversold. By doing this, you can find good deals on stocks that aren’t where they should be. However, we are still in a very strong bear market and finding stocks at the bottom is increasingly difficult. I try to stick to my guns and sometimes it means trusting that in the long run, solid companies usually come back to previous levels, or at least to levels where you are comfortable taking a loss. Apple, Inc. (AAPL) is one of these undervalued, oversold stocks. If you want to know why it isn’t performing like it should be you have to understand how hedge funds and institutional investing works. Hedge funds tend to buy many of the same kinds of stocks. That is to say stocks that trade in the same industry. When they need to free up cash they sell off the strongest stocks which can create a[More...]
- home: iStockAnalyst....
Terror Strikes Mumbai - Economic Impact
- Wall Street Greek
Mon, Dec 01, 2008
Global Conflicts Put Sparks In The Defense Sector
Take what you’ve heard about the effects of a Barack Obama U.S. Presidency… and throw it away. The defense contractors are in the best spot that I have seen them in years, yet still-cautious investors are making all the wrong moves. The recent turmoil in the sector has led to some unbelievable ...
- Daily Markets
Ready, Aim, Fire! Defense Sector is Loaded
Take what you’ve heard about the effects of a Barack Obama U.S. Presidency… and throw it away. The defense contractors are in the best spot that I have seen them in years, yet still-cautious investors are making all the wrong moves. The recent turmoil in the sector has led to some unbelievable valuations in the face of a global arms race, a continued surge in national security spending and regional conflicts that should continue to form opportunities for all of the major defense names. Looking at a Year-to-Date comparison between the S&P 500 Index and the SPADE Defense Index yields a difference of about 6%, in favor of the S&P. Why? Investors have historically flocked to the defense names because of their steady and[More...]
- home: iStockAnalyst....
More Blogs
Podcasts: LMT
Wed, Aug 20, 2008
Dorsey Wright's Podcast 144 - Regressed to Mean
Tom Dorsey and Tammy DeRosier - Regressed to Mean
- Dorsey Wright
Wed, Apr 30, 2008
Dorsey Wright's Podcast 128 - Presidential Election Year Cycles
Tom Dorsey, Tammy DeRosier, and Jay Gragnani discuss Presidential Election Year Cycles
- Dorsey Wright
Tue, Apr 22, 2008
Market Recap: Dow Drops Triple Digits on Weak Second-Quarter Guidance
Elizabeth Harrow takes a look back at news driving the market today.

- Schaeffer's
Thu, Jan 24, 2008
Stocks Stabilize & for Good Reason (from the Greek)

Wall Street Greek with some great commentary today, enjoy Masters --

The market is stabilized, and for good reason. The significance of recent Fed action has been digested, and is now better understood, while fiscal stimulus is on the way. Today, data showed unemployment claims moderate and housing inventories on the downtrend. Oh, and also, after January's double-digit slide, valuations are in bargain territory for many coveted names.

Economic Data & Analysis

Initial weekly jobless claims came in at 301K for the week ended January 19, one thousand lower than last week's revised figure. The past two weeks' reports are really bringing into question just how bad things are in corporate America, and they don't look bad at all based on these figures alone. But, two weeks does not economic growth make. The level of ongoing claimants remains high, but insured unemployment decreased to 2.0% (seasonally adjusted) for the week ended January 12, down from 2.1% in the prior week. Michigan continues to lead all states at 5.1%, and guess what, Ford (NYSE: F) just announced plans for new layoffs today. PA finished third in insured unemployment, and New Jersey was not far behind. Newly discharged veterans rose 6.6% in the last week measured (Jan. 5), so John Edwards may have good reason in bringing the topic to the fore. Still, The Greek views Edwards as perhaps the most threatening candidate to the market.



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The 300K range of weekly claims is not one that should concern economists, but does it perhaps reflect a period of lull before the storm... Retailers post their results later than the rest of the corporate world, due to the seasonal importance of December and January. Many of these firms are just coming to grips with the reality of a poor holiday shopping season, a weak January and likely ongoing weakness in '08. The market has been moving money back into retail shares, and I was probably too early to condemn that. The same driver behind retail rise is behind the financial sector move, partly, and the market is dynamic and is factoring in the likely tax rebate the government is rumored to be near consensus on.

Retail/Restaurant/Consumer Discretionary Sector Woes Ahead

So, retailers get the near-term lift. But, I believe that the group differs somewhat from the already destroyed financial sector. The retail space has more tough times ahead and more realities to face. When these companies start to report results, as dour as they will be, they will also report very conservative if not concerning forward outlooks. They will likely begin to announce layoffs, store closures and other financial restructurings. This will start a second leg lower for the retail and consumer discretionary space, in our view, despite fiscal stimulus.

Depends on the Form of Stimulus

One check for $300 should boost a quarter's worth of results; an $800 check does a heck of a lot more. The government, rather the Administration and Republican contingent wants help for corporate America too. This might lead it to concede a bit of the payback to individuals, reducing it to the $300 level. The Greek, showing again our independent unadulterated view, is presenting the thesis that both are important and that offering small pieces to each ends up ineffective. It's the poor of America who need aid most now, but keeping others from joining the poor class is just as important.

The Administration's thinking may be that they could help stave off future layoffs by offering businesses some form of aid. We need both these pills folks. I say find ways to cut costs in government spending. Give Americans their $800 check and offer American companies their aid as well. Idealism? No! Find a way.

Existing Home Sales December

This is a non-starter at this point. It's simply not a catalyst anymore, as everyone knows housing sucks and is getting worse. Most even understand that the bottom may be near, as rates drop and inventories top out. Prices still have a ways to go before stabilizing, but the drivers behind price stability are moving in the right direction; well, some of them anyway. Economic recession would clearly not help.

Existing home sales dropped 2.2% in December to an annual run rate of 4.89 million units, short of economists' consensus. We say it's not a catalyst at this point, but it perhaps served as a reminder to the market that while help is on the way, the current situation is still poor. For the year on the whole, sales fell to a level 13% below 2006, marking the steepest decline since 1982. A positive aside from the report offered the fact that unsold home inventory dropped by 7.4%. That's a step in the right direction.

Contention With Kudlow

Last night, Larry Kudlow compared business lending activity now with another troubling period. He was attempting to offer reason to disbelieve economic recession, but I have to rebut. The Greek likes Larry, and admires what he has accomplished in his life, but we also get annoyed occasionally with his always positive view of the world. We prefer realism over optimism when money matters. Still, we understand Larry's confidence in America and it is well-founded, as this country is without doubt the farthest progressed economically.

Here's why we disagree with Kudlow on this topic. Business loan growth is doing well because banks have to lend somewhere, and companies had strong balance sheets heading into this period, and thus good collateral. But, things are about to change. Private equity runs on businesses have increased leverage in the business world, and that last bastion of loan demand (business) is going to turn down expansion efforts now. The commercial real estate market is on the cusp of collapse! As consumers stop spending, the consumer discretionary sector full of retail and restaurant establishments should consolidate. Store closures, sales, abandonment should drive values and prices down, and of course demand for new business expansion comes first. Therefore, current business loan demand has no consequence on tomorrow.

Market-Moving News

  • Bloomberg: Global Market Recovery
  • DOL: Weekly Initial Unemployment Claims Light at 301K
  • AP/Yahoo: Existing Home Prices, Sales Fall 2.2% in December
  • FT: Rogue Trader Losses $7+ Bln. at Societe Generale (Paris: GLEZ4.PA)
  • Bloomberg: Rescuing the Bond Insurers
  • CNN Money: Stimulus May Be Near
  • EIA Petroleum Status
  • Platts: Oil Moves Higher
  • Yahoo! Earnings Calendar
  • MarketWatch: AT&T (NYSE: T) Gets Wireless Boost
  • CNN Money: Ford (NYSE: F) Trims Jobs and Losses
  • MarketWatch: Nokia (NYSE: NOK) Beats Forecast
  • FT: Tommy Hilfiger Pulls IPO
  • AP/Yahoo!: Lockheed Martin (NYSE: LMT) Profit Rises 10%
  • AP/Yahoo!: US Airways (NYSE: LCC) Posts Loss
  • CNBC: Xerox (NYSE: XRX) Profit Rises
  • AP/Yahoo!: SunPower (Nasdaq: SPWR) Raises Outlook
  • AP/Yahoo!: Baxter (NYSE: BAX) Profit Rises
  • TheStreet: Capital One (NYSE: COF) Profit Slides
  • TheStreet: Symantec (Nasdaq: SYMC) Blows Out Number
  • The Greek's Week Ahead: Money Honey Does Davos
  • BBC: Kosovo's Independence in Days
  • Economist: The Geopolitical Week Ahead
  • Iran Daily: Tales from the Dark Side

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- StockMasters - Finan...
Tue, Jan 23, 2007
January 23rd - "Forces That Move Stock Prices".
Investtalk Talking Points: "Forces That Move Stock Prices".
~ Today's Stocks & Topics: IPOs, 529-Plan, Zero Coupon Bonds, Trading Stocks, (ELE) Endesa S A, (GUID) Guidance Software Inc., (LMT) Lockheed Martin Corporation, Coverdell Plan.
- Invest Talk
More Podcasts
Conference Calls for LMT
10/21/08 Q3 2008 Earnings  
Archive for LMT
09/10/08 Special Conference  
Lockheed Martin to Webcast CEO Presentation at Morgan Stanley Conference  
Archive for LMT
07/22/08 Q2 2008 Earnings  
Archive for LMT
05/28/08 Special Conference  
Lockheed Martin at Friedman Billings Ramsey Capital Markets Spring Investor Conference 
Archive for LMT
04/24/08 Shareholder Meeting  
Annual Meeting of Stockholders  
Archive for LMT
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