Lockheed Martin Sentiment Hit By Charges And Headwinds, But Analysts Remain Bullish On F-35 Ramp Up - Lockheed Martin (NYSE:LMT)

Lockheed Martin Sentiment Hit By Charges And Headwinds, But Analysts Remain Bullish On F-35 Ramp Up - Lockheed Martin (NYSE:LMT)

BofA Securities analyst Ronald J. Epstein reiterated a Buy rating on the shares of Lockheed Martin Corp (NYSE:LMT) with a price forecast of $685. Lockheed Martin reported adjusted earnings per share for fourth-quarter 2024 of $7.71, surpassing BofA’s estimate of $6.60. Revenue for the quarter reached $18.6 billion, slightly missing BofA expectations of $18.8 billion. Adjusted margins at Missiles and Fire Control (MFC), which came in at 14.8%, so…

Combat-ready TR-3 for F-35 may be pushed to 2026, Lockheed CEO says

Lockheed Martin may not have the combat-ready version of Technology Refresh 3 for the F-35 Joint Strike Fighter until next year, executives said today during the company's year-end earnings call. There are a “number of things” that still need to be finished with TR-3, CEO Jim Taiclet told investors, including mission system integration and system stability improvements. “We’re targeting as much as possible this year,” he said, “but I think for p…

Lockheed Martin’s shares slump on disappointing sales

Lockheed Martin’s shares slump on disappointing sales

Lockheed Martin Reports Mixed Results @themotleyfool #stocks $LMT

Lockheed Martin reported mixed Q4 2024 earnings, with a record backlog but lower-than-anticipated figures due to classified program losses.

Lockheed Martin’s earnings weighed down by charges on classified programs

The company also provided soft guidance.

Lockheed hit by $2B in charges on 2 classified programs

The world’s largest defense contractor recorded total year end losses of $1.4 billion on a classified program in its missiles and fire control (MFC) portfolio as well as $555 million overrun on a program in its aeronautics division, Lockheed said in a news release.