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Lockheed Martin Corporation (LMT)

NYSE - NYSE Delayed Price. Currency in USD
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374.60+1.46 (+0.39%)
At close: 4:03PM EDT
373.25 -1.35 (-0.36%)
After hours: 07:58PM EDT
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Trade prices are not sourced from all markets
Previous Close373.14
Bid373.05 x 900
Ask374.60 x 800
Day's Range372.25 - 377.02
52 Week Range319.81 - 396.99
Avg. Volume1,186,342
Market Cap104.114B
Beta (5Y Monthly)0.97
PE Ratio (TTM)15.12
Earnings DateN/A
Forward Dividend & Yield11.20 (3.20%)
Ex-Dividend DateNov. 30, 2021
1y Target EstN/A
  • GlobeNewswire

    Aerojet Rocketdyne Pays Previously-Declared Special Dividend

    EL SEGUNDO, Calif., March 24, 2021 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) today announced payment of the previously-declared $5.00 per share special cash dividend to holders of its common shares and convertible senior notes, on an as-converted basis. The special dividend was paid to holders of record as of March 10, 2021. Payment of the special cash dividend was made in connection with the anticipated acquisition of Aerojet Rocketdyne by Lockheed Martin Corporation (NYSE: LMT) in an all-cash transaction previously announced on December 20, 2020. Under the terms of the acquisition agreement, Aerojet Rocketdyne’s payment of the special dividend adjusts the consideration to be paid by Lockheed Martin at closing from $56.00 per share to $51.00 per share. The transaction is expected to close in the second half of 2021, pending receipt of regulatory approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and satisfaction of other closing conditions specified in the acquisition agreement. Forward-Looking StatementsCertain information contained in this communication should be considered “forward-looking statements” as defined by Section 21E of the Securities Exchange Act of 1934, as amended. All statements included in this communication, other than statements of historical fact, may be forward-looking statements. The usage of words such as “estimate,” “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue” or the negative of such terms, or other similar expressions, are intended to identify forward-looking statements. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Actual results may be materially different from any future results expressed or implied by such forward-looking statements. Among other risks and uncertainties, there can be no guarantee that the Merger will be completed, or if it is completed, that it will close within the anticipated time frame. Additional risks and uncertainties relating to the transaction include: (1) conditions to the closing of the transaction contained in the Merger Agreement may not be satisfied or waived; (2) the transaction may involve unexpected costs, liabilities or delays; (3) Aerojet Rocketdyne’s business may suffer as a result of uncertainty surrounding the transaction, including due to disruption of current plans and operations and the potential difficulties in employee retention as a result of the transaction; (4) the outcome of any legal proceedings related to the transaction; (5) required regulatory approvals may not be obtained on a timely basis or at all; and (6) an event, change or other circumstance may occur that could give rise to the termination of the Merger Agreement. Important risk factors that could cause actual results or outcomes to differ from those expressed in the forward-looking statements are described in the “Risk Factors” section in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 18, 2021, and in the Company’s subsequent SEC filings. Forward-looking statements speak only as of the date hereof, and no obligation is assumed to update any forward-looking statements, even if expectations change, except as required by law. About Aerojet Rocketdyne Holdings, Inc.Aerojet Rocketdyne Holdings, Inc., headquartered in El Segundo, California, is an innovative technology-based manufacturer of aerospace and defense products and systems, with a real estate segment that includes activities related to the entitlement, sale, and leasing of the Company’s excess real estate assets. More information can be obtained by visiting the Company’s websites at or Contact information:Media: Steve Warren, vice president, communications

  • GlobeNewswire

    IBC Advanced Alloys Delivers First of New Cost-Effective Beryllium Alloy Part for the F-35 Aircraft

    FRANKLIN, Ind., March 23, 2021 (GLOBE NEWSWIRE) -- IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) is pleased to announce that it has begun delivering to Lockheed Martin (NYSE: LMT) a new beryllium alloy part – the Gimbal Mounting Ring – for the F-35 Lightning II aircraft’s Electro-Optical Targeting System (EOTS). IBC makes the ring using its proprietary investment casting technology, which allows for more efficient and less costly manufacturing of the part than was previously possible. IBC was awarded a contract for the EOTS’ Gimbal Mounting Ring as part of a multi-year contract awarded in December 2020. In addition to the Gimbal Mounting Ring, IBC also was awarded another multi-year contract to produce the Azimuth Gimbal Housing Unit for the EOTS systems, which IBC has manufactured for Lockheed Martin since 2015. The total value of the December purchase order for both parts was approximately US$9.7 million, which represented a 24 percent increase over IBC’s previous three-year purchase order from Lockheed Martin. IBC’s beryllium alloys facility in Wilmington, Mass., where the Gimbal Mounting Ring is manufactured, confirmed that shipment of both the Ring and a second part for the F-35’s EOTS system manufactured IBC – the Gimbal Housing Unit – are now being produced in Wilmington and shipped to Lockheed on schedule. EOTS is the first sensor to combine forward-looking infrared and infrared search and track functionality to provide F-35 pilots with precise air-to-air and air-to-ground targeting capability. For more information on IBC and its innovative alloy products, go here. On Behalf of the Board of Directors:"Mark A. Smith” Mark A. Smith, CEO & Chairman of the Board CONTACTS: Mark A. Smith, Chairman of the BoardJim Sims, Investor and Public RelationsIBC Advanced Alloys Corp. +1 (303) 503-6203Email: Website: @IBCAdvanced $IB $IAALF #F35 #Lockheed ABOUT IBC ADVANCED ALLOYS CORP. IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC's Copper Alloys Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC's Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC's has production facilities in Indiana, Massachusetts, and Pennsylvania. The Company's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQB under the symbol "IAALF". CAUTIONARY STATEMENTS Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This disclosure contains forward-looking statements. Forward-looking statements normally contain words like ‘believe’, ‘expect’, ‘anticipate’, ‘plan’, ‘intend’, ‘continue’, ‘estimate’, ‘may’, ‘will’, ‘should’, ‘ongoing’ and similar expressions, and within this news release include any statements (express or implied) respecting improving sales volumes and gross margins while lowering our operating costs and increasing efficiencies across the enterprise. Although IBC believes that the expectations reflected in these forward-looking statements are reasonable, forward-looking statements, by their very nature, are subject to inherent risks and uncertainties and are based on assumptions, both general and specific, which give rise to the possibility that actual results or events could differ materially from our expectations expressed in or implied by such forward-looking statement. The forward-looking statements made by the Company in this press release are based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. As a result, we cannot guarantee that any forward-looking statements will materialize, and we caution you against relying on any of these forward-looking statements. IBC makes no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made, except as required by applicable law. Additional information identifying risks and uncertainties is contained in IBC’s filings, including its Annual Information Form for the fiscal year ended June 30, 2019, available at

  • GlobeNewswire

    CPI Aerostructures Receives $9.2 Million Follow-On Order From Lockheed Martin for F-16 Structural Assemblies

    Firm Orders Under Multi-Year Contract Now Total Approximately $17.9 MillionEDGEWOOD, N.Y., March 17, 2021 (GLOBE NEWSWIRE) -- CPI Aerostructures, Inc. (“CPI Aero®”) (NYSE American: CVU) today announced that it was awarded a follow-on order from Lockheed Martin (NYSE: LMT) to manufacture structural assemblies for new production F-16 Block 70/72 aircraft ‒ the newest and most advanced F-16 production configuration. In February 2019, CPI Aero announced a multi-year contract with Lockheed Martin to provide Rudder Island and Drag Chute Canister (RI/DCC) assemblies for the F-16 and has received a number of orders since then. This new order, the largest order under this contract thus far, more than doubles the order book for this structural assembly to $17.9 million. Recently, CPI Aero delivered the first production unit to Lockheed Martin. Deliveries under the order announced today are expected to occur in 2022 and 2023. CPI Aero president and CEO Douglas McCrosson stated, “CPI is proud to be the single source supplier of RI/DCC assemblies for the F-16 Block70/72. Last August, the USAF and Lockheed Martin announced the 10 Year Indefinite-Delivery/Indefinite-Quantity contract in support of Foreign Military Sales Orders for the F-16. We believe that this contract vehicle will facilitate and accelerate foreign sales of this iconic aircraft and we look forward to supplying RI/DCC assemblies for many years to come. As a supplier on multiple Lockheed Martin platforms, including the F-35, the world’s premier 5th Generation fighter, and numerous Sikorsky helicopters, we thank the company for its continued confidence in CPI Aero’s execution capabilities.” About CPI Aero CPI Aero is a U.S. manufacturer of structural assemblies for fixed wing aircraft, helicopters and airborne Intelligence Surveillance and Reconnaissance pod systems in both the commercial aerospace and national security markets. Within the global aerostructure supply chain, CPI Aero is either a Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major Tier 1 manufacturers. CPI also is a prime contractor to the U.S. Department of Defense, primarily the Air Force. In conjunction with its assembly operations, CPI Aero provides engineering, program management, supply chain management, and MRO services. CPI Aero is included in the Russell Microcap® Index. The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero's SEC reports, including CPI Aero's Form 10-K for the year ended December 31, 2019, and Form 10-Q for the three-month periods ended March 31, 2020, June 30, 2020, and September 30, 2020. CPI Aero® is a registered trademark of CPI Aerostructures, Inc. For more information, visit, and follow us on Twitter @CPIAERO. Investor Relations Contacts: LHA Investor RelationsJody Burfening(212)