PALMDALE, Calif., Nov. 12, 2024 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE: LMT), in partnership with NASA Aeronautics, started X-59 engine run testing, marking the aircraft's final major system check-out before taxi tests and first flight. The tests also mark the first time the X-59 was powered fully internally.  

During the tests, Lockheed Martin is verifying inlet and nozzle performance, aircraft and engine structural and system interfaces, and engine control algorithms. Previously, the X-59 had been powered externally – electrically, hydraulically and pneumatically.  

PATUXENT RIVER, Md., Nov. 7, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) collaborated with the U.S. Navy and General Atomics (GA) in a first-ever live control flight demonstration of an uncrewed system by the Unmanned Carrier Aviation Mission Control Station (UMCS).

Powered by the Skunk Works® MDCX™ autonomy platform, the UMCS controlled a GA MQ-20 Avenger uncrewed air system (UAS) as it completed a live fly mission. This demonstration is a pathfinder that helps to advance the complex technology necessary to enable crewed and uncrewed teaming as envisioned for programs such as CCA and others.

Net sales of $17.1 billion, an increase of 1% year over yearNet earnings of $1.6 billion, or $6.80 per shareCash from operations of $2.4 billion and free cash flow of $2.1 billion$1.6 billion of cash returned to shareholders through dividends and share repurchases Increased share repurchase authority by $3.0 billion to a total authorization of $10.3 billionIncreased quarterly dividend 5% to $3.30 per share2024 financial outlook increased

BETHESDA, Md., Oct. 22, 2024 /PRNewswire/ -- Lockheed Martin Corporation [NYSE: LMT] today reported third quarter 2024 net sales of $17.1 billion, compared to $16.9 billion in the third quarter of 2023. Net earnings in the third quarter of 2024 were $1.6 billion, or $6.80 per share, compared to $1.7 billion, or $6.73 per share, in the third quarter of 2023. Cash from operations was $2.4 billion in the third quarter of 2024, compared to $2.9 billion in the third quarter of 2023. Free cash flow was $2.1 billion in the third quarter of 2024, compared to $2.5 billion in the third quarter of 2023.

FORT WORTH, Texas, Oct. 9, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) announced today Chauncey McIntosh has been named vice president and general manager of the F-35 Lightning II Program, effective Dec. 1. McIntosh succeeds Bridget Lauderdale, who will be retiring at the end of the year following a 38-year career with the company.   

McIntosh, who most recently served as the vice president and deputy of the F-35 program, is an exceptional leader with more than 20 years of business, program management, engineering and customer engagement experience. As the vice president and general manager for the F-35 program, McIntosh will be responsible for further strengthening positive customer experiences by reinforcing and continually growing the capability and reliability of the F-35; showcasing significant program progress; and ensuring the F-35 program meets the speed, agility, quality and affordability requirements deserved and expected by U.S. and international customers.

BETHESDA, Md., Oct. 2, 2024 /PRNewswire/ -- The Lockheed Martin (NYSE: LMT) board of directors has authorized a fourth quarter 2024 dividend of $3.30 per share. This is an increase of $0.15 per share over the last quarter and represents the company's 22nd consecutive year of dividend increases. The dividend is payable on Dec. 27, 2024, to holders of record as of the close of business on Dec. 2, 2024.

BETHESDA, Md., Oct. 1, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live its third quarter 2024 earnings results conference call (listen-only mode) on Tuesday, October 22, 2024 at 11 a.m. ET.  James Taiclet, chairman, president and chief executive officer; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss third quarter 2024 results, provide updates on key topics and answer questions. Third quarter 2024 results will be published prior to the market opening on October 22.

Next-Generation GeoXO Lightning Mapper enhances capabilities of NOAA's next-generation weather satellite system

DENVER, Sept. 18, 2024 /PRNewswire/ -- NASA has awarded Lockheed Martin (NYSE: LMT) a contract to design and build the next-generation GeoXO Lightning Mapper (LMX) instruments for the National Oceanic and Atmospheric Administration (NOAA). The baseline contract is valued at approximately $297 million for two instruments with options for two additional instruments.

Agreement Supports India's Medium Transport Aircraft Program and New Maintenance Facility

DELHI, India, Sept. 10, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) and Tata Advanced Systems Limited have entered into a teaming agreement to expand upon the companies' business relationship through the C-130J Super Hercules tactical airlifter. This announcement marks a significant step in enhancing India's defence and aerospace capabilities while also deepening India-U.S. strategic ties.

EL ALAMEIN, Egypt, Sept. 5, 2024 /PRNewswire/ -- The Egyptian Armed Forces announced today at the Egypt International Air Show that Lockheed Martin (NYSE: LMT) will deliver two C-130J-30 Super Hercules tactical airlifters to the Egyptian Air Force (EAF) through a Foreign Military Sale (FMS) with the U.S. Air Force. Egypt is the 23rd nation to join the worldwide Super Hercules operating community.

FORT WORTH, Texas, Aug. 28, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) presented Poland's first F-35A Lightning II to the Polish government during a rollout ceremony at Lockheed Martin's F-35 production facility. This event marks a significant milestone in the Polish Air Force's history and strengthens the alliance between the United States and Poland, a key NATO ally.  

"Over more than 100-years of the Polish Air Force, there have been many generations of pilots and aircraft. I am proud to be part of history today, introducing the F-35 as the next generation, which will protect and defend Poland's future for many years. We are joining a strong coalition of 5th generation fighters across Europe, bolstering air superiority through allied deterrence," said Major General Ireneusz Nowak, Inspector of Polish Air Force.