Releases
Releases
In this section of the Lockheed Martin Newsroom, you'll find our news releases. The releases are listed in chronological order and are archived by year.
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Apr 23, 2024
Net sales of $17.2 billion Net earnings of $1.5 billion, or $6.39 per share Cash from operations of $1.6 billion and free cash flow of $1.3 billion $1.8 billion of cash returned to shareholders...
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Jan 23, 2024
Net sales of $18.9 billion in the fourth quarter and $67.6 billion in 2023 Net earnings of $1.9 billion, or $7.58 per share in the fourth quarter; $6.9 billion, or $27.55 per share in 2023 Cash...
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Jul 18, 2023
Net sales of $16.7 billion, an increase of 8% year-over-year Net earnings of $1.7 billion, or $6.63 per share Cash from operations of $1.1 billion and free cash flow of $0.8 billion $1.5 billion...
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Jul 19, 2022
Net sales of $15.4 billion Net earnings of $309 million, or $1.16 per share, inclusive of non-operational charges of $1.7 billion ($1.4 billion, or $5.16 per share, after-tax) Cash from operations of
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Jan 25, 2022- Net sales of $17.7 billion in the fourth quarter and $67.0 billion in 2021
Lockheed Martin Corporation [NYSE: LMT] today reported fourth quarter 2021 net sales of $17.7 billion, compared to $17.0 billion in the fourth quarter of 2020. Net earnings from continuing...
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Sep 21, 2021High above the New Mexico desert, mobility aircraft air-launched surrogate cruise missiles in the first demonstration of a palletized strike mission
ORLANDO, Fla., Sept. 21, 2021 – In partnership with the Air Force, Lockheed Martin (NYSE: LMT) recently deployed Rapid Dragon munition pallets from C-17 and EC‑130 aircraft and released surrogate
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Apr 20, 2021- Net sales of $16.3 billion
Lockheed Martin Corporation [NYSE: LMT] today reported first quarter 2021 net sales of $16.3 billion, compared to $15.7 billion in the first quarter of 2020. Net earnings in the first quarter of...
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Feb 22, 2021$414 million contract awarded by U.S. Navy and U.S. Air Force is the largest in program history
ORLANDO, Fla., Feb. 12, 2021 – Lockheed Martin (NYSE: LMT) was awarded a $414 million contract from the U.S. Navy and Air Force for Long Range Anti-Ship Missile (LRASM) production. This is the...
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Jan 26, 2021- Net sales of $17.0 billion in the fourth quarter and $65.4 billion in 2020
Lockheed Martin Corporation [NYSE: LMT] today reported fourth quarter 2020 net sales of $17.0 billion, compared to $15.9 billion in the fourth quarter of 2019. Net earnings from continuing...
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Oct 28, 2020
ORLANDO, Fla., Oct. 28, 2020 – The U.S. Air Force Strategic Development Planning and Experimentation (SDPE) Office awarded Lockheed Martin (NYSE: LMT) a $25 million contract to support the next...
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May 16, 2019225,000-square foot building addresses U.S. government's JASSM® inventory increase
U.S. Air Force and local Alabama officials joined Lockheed Martin (NYSE: LMT) executives today to break ground on the company's new strike systems production facility in Troy. The planned...
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Jan 15, 2019$172 million contract continues production of tactical missiles
ORLANDO, Fla., Jan. 15, 2019 – Lockheed Martin (NYSE: LMT) received a $172 million contract from the U.S. Navy and Air Force for Long Range Anti-Ship Missile (LRASM) production. The contract...
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Apr 24, 2018- Net sales of $11.6 billion
Lockheed Martin (NYSE: LMT) today reported first quarter 2018 net sales of $11.6 billion, compared to $11.2 billion in the first quarter of 2017. Net earnings in the first quarter of 2018 were...
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Mar 19, 2018LRASM Targets Early Operational Capability
Lockheed Martin (NYSE: LMT) successfully tested a production-configuration Long Range Anti-Ship Missile (LRASM) from a U.S. Air Force B-1B bomber. During the test, a B-1B from the 337th Test...
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Feb 6, 2018A U.S. Air Force F-15E Strike Eagle flies with a Joint Air-to-Surface Standoff Missile (JASSM). JASSM-Extended Range has more than two-and-a-half times the range of JASSM for greater standoff distance. Photo credit: U.S. Air Force.
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Feb 6, 2018
Lockheed Martin's (NYSE: LMT) Joint Air-to-Surface Standoff Missile (JASSM) – Extended Range (ER) achieved full operational capability on the F-15E Strike Eagle, flown by the U.S. and allied...
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Jan 29, 2018- Net sales of $15.1 billion in the fourth quarter and $51.0 billion in 2017
Lockheed Martin (NYSE: LMT) today reported fourth quarter 2017 net sales of $15.1 billion, compared to $13.8 billion in the fourth quarter of 2016. Net loss from continuing operations in the...
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Dec 27, 2017
Lockheed Martin (NYSE: LMT) received a $110 million, five-year Phase 1 contract from the U.S. Air Force Research Laboratory (AFRL) to develop and demonstrate a new low-cost cruise missile called...
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Dec 12, 2017Test success brings LRASM closer to Early Operational Capability
Lockheed Martin (NYSE: LMT) successfully fired production-configuration Long Range Anti-Ship Missiles (LRASM) from a U.S. Air Force B-1B bomber. During the test over the Sea Range at Point Mugu,...
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Nov 14, 2017Lockheed Martin's Joint Air-to-Surface Standoff Missile (JASSM) is a long-range, conventional, air-to-ground, precision standoff missile for the U.S. and allied forces. The company received a contract from the U.S. Air Force to provide Intelligent Test Instrumentation Kits to be used on flight tests for telemetry and flight termination purposes.
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Nov 14, 2017
Lockheed Martin (NYSE: LMT) received a $44.1 million contract from the U.S. Air Force to produce Intelligent Test Instrumentation Kits (iTIK) to be used on Joint Air-to-Surface Standoff Missile...
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Oct 24, 2017- Net sales of $12.2 billion
Lockheed Martin (NYSE: LMT) today reported third quarter 2017 net sales of $12.2 billion, compared to $11.6 billion in the third quarter of 2016. Net earnings from continuing operations in the...
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Oct 18, 2017
Lockheed Martin's (NYSE: LMT) Long Range Anti-Ship Missile program was selected by Popular Science magazine as a winner in the Security category in the publication's annual "Best of What's New"...
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Aug 18, 2017Flight Test Marks the First Tactical LRASM Success
ORLANDO, Fla., Aug. 18, 2017 – Lockheed Martin [NYSE: LMT] successfully fired the first tactical configuration Long Range Anti-Ship Missile (LRASM) yesterday from a U.S. Air Force B-1B. In the...
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Jul 27, 2017
Lockheed Martin (NYSE: LMT) successfully conducted the first-ever launch yesterday of the Long Range Anti-Ship Missile (LRASM) surface-launch variant from a topside canister. The flight test, at...
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Jul 26, 2017U.S. Navy and Air Force Award Lockheed Martin First Production Lot for Long Range Anti-Ship Missiles$86.5 million contract marks first order of tactical missiles
Lockheed Martin (NYSE: LMT) received an $86.5 million contract from the U.S. Navy and Air Force for Long Range Anti-Ship Missile (LRASM) production. The contract marks the first production award...
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Jul 19, 2017
Lockheed Martin (NYSE: LMT) received an Undefinitized Contracting Action for $37.7 million from the U.S. Air Force for continued development of a new wing design for the Joint Air-to-Surface...
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Jul 18, 2017- Net sales of $12.7 billion
Lockheed Martin (NYSE: LMT) today reported second quarter 2017 net sales of $12.7 billion, compared to $11.6 billion in the second quarter of 2016. Net earnings from continuing operations in the...
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Jun 1, 2017
Lockheed Martin (NYSE: LMT) received a $413.8 million contract from the U.S. Air Force for Lot 15 production of the Joint Air-to-Surface Standoff Missile (JASSM)-Extended Range (ER) version. The...
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Apr 3, 2017
Lockheed Martin's (NYSE: LMT) Long Range Anti-Ship Missile (LRASM) was successfully released from a U.S. Navy F/A-18E/F Super Hornet at NAS Patuxent River, Maryland. The jettison release of the...
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Mar 8, 2017A Lockheed Martin JASSM missile closes in on a target during a test.
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Mar 8, 2017
Lockheed Martin's (NYSE: LMT) Joint Air-to-Surface Standoff Missile (JASSM) completed two product verification flight tests at White Sands Missile Range, New Mexico. Focused on demonstrating the...
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Mar 3, 2017
Lockheed Martin's (NYSE: LMT) Long Range Anti-Ship Missile (LRASM) was selected as a 2017 Aviation Week Laureate Award winner in the Defense category. The annual awards by the Aviation Week...
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Sep 6, 2016
Lockheed Martin (NYSE: LMT) recently delivered the 2,000th Joint Air-to-Surface Standoff Missile (JASSM®) to the U.S. Air Force. Completed under the 12th production lot, the 2,000th missile is a...
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Jul 21, 2016
Lockheed Martin (NYSE: LMT) recently conducted a successful controlled flight test of the Long Range Anti-Ship Missile (LRASM) surface-launch variant from the Self Defense Test Ship at Pt. Mugu...
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Feb 25, 2016
Lockheed Martin (NYSE: LMT) recently received a $7.9 million Foreign Military Sales contract from the U.S. Air Force to support additional integration of the Joint Air-to-Surface Standoff Missile...
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Dec 16, 2015
Lockheed Martin (NYSE: LMT) has received a $302.2 million contract from the U.S. Air Force for continued production of the Joint Air-to-Surface Standoff Missile (JASSM®) and its Extended Range...
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Oct 15, 2015This contract represents the largest JASSM-ER order to date
Lockheed Martin (NYSE: LMT) has received a $305.4 million contract from the U.S. Air Force for continued production of the Joint Air-to-Surface Standoff Missile (JASSM) and its Extended Range (ER)...
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Sep 14, 2015Lockheed Martin receives contract to provide Poland with precision-guided standoff cruise missile capability
Lockheed Martin (NYSE: LMT) has received a Foreign Military Sales contract from the U.S. Air Force to provide the Joint Air-to-Surface Standoff Missile (JASSM) to the Polish Air Force for its F-16...
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Jan 27, 2015-- Net sales of $12.5 billion for the fourth quarter and $45.6 billion for 2014
Lockheed Martin Corporation (NYSE: LMT) today reported fourth quarter 2014 net sales of $12.5 billion compared to $11.5 billion in the fourth quarter of 2013. Net earnings from continuing...
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Dec 15, 2014
The U.S. Air Force has approved full rate production for Lockheed Martin's (NYSE: LMT) Joint Air-to-Surface Standoff Missile – Extended Range (JASSM-ER). JASSM-ER successfully completed U.S. Air...
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Feb 27, 2014
Lockheed Martin [NYSE: LMT] broke ground today for its Pike County Operations' Long Range Strike Systems cruise missile production annex in Troy, Ala. The planned 62,000 square-foot annex will...
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Jan 23, 2014-- Net sales of $11.5 billion for the fourth quarter and $45.4 billion for 2013
Lockheed Martin Corporation (NYSE: LMT) today reported fourth quarter 2013 net sales of $11.5 billion compared to $12.1 billion in the fourth quarter of 2012. Net earnings from continuing...
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Jan 10, 2014
Lockheed Martin [NYSE: LMT] received a $13.3 million Foreign Military Sales contract in November from the U.S. Air Force to support additional integration of the Joint Air-to-Surface Standoff...
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Jan 9, 2014
Lockheed Martin (NYSE: LMT) received two production contracts on Dec. 19 totaling $449 million from the U.S. Air Force for continued production of the Joint Air-to-Surface Standoff Missile (JASSM)...
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Nov 14, 2013
Lockheed Martin's [NYSE: LMT] Long Range Anti-Ship Missile (LRASM) recently achieved another successful flight test, with the missile scoring a direct hit on a moving maritime target. The test was...
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Oct 22, 2013-- Net sales decreased 4 percent to $11.3 billion
Lockheed Martin Corporation (NYSE: LMT) today reported third quarter 2013 net sales of $11.3 billion compared to $11.9 billion in the third quarter of 2012. Net earnings from continuing operations...
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Sep 17, 2013
Lockheed Martin [NYSE: LMT] successfully launched the first Long Range Anti-Ship Missile (LRASM) Boosted Test Vehicle (BTV) from a MK 41 Vertical Launch System (VLS) canister at White Sands...
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Sep 9, 2013
Lockheed Martin (NYSE: LMT) today announced its media briefing schedule for the 2013 Air Force Association (AFA) Air & Space Conference and Technology Exposition at the Gaylord National Resort &...
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Sep 9, 2013
Lockheed Martin (NYSE: LMT) recently completed a successful first flight test of the Long Range Anti-Ship Missile (LRASM) in support of the Defense Advanced Research Projects Agency (DARPA) and...
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Jul 23, 2013- Net sales decreased 4 percent to $11.4 billion
Lockheed Martin Corporation (NYSE: LMT) today reported second quarter 2013 net sales of $11.4 billion compared to $11.9 billion in the second quarter of 2012. Net earnings in the second quarter of...
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Jul 11, 2013
Lockheed Martin [NYSE: LMT] recently completed a series of Long Range Anti-Ship Missile (LRASM) captive carry flight tests at the Sea Range in Point Mugu, Calif., advancing the research program...
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Jun 10, 2013
Lockheed Martin [NYSE: LMT] received a $34.2 million Foreign Military Sales contract from the U.S. Air Force to support additional integration of the Joint Air-to-Surface Standoff Missile (JASSM)...
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Jun 3, 2013
Lockheed Martin [NYSE: LMT] successfully completed MK 41 Vertical Launch System (VLS) "push-through" testing of a simulated Long Range Anti-Ship Missile (LRASM). Four consecutive tests verified...
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May 13, 2013
Lockheed Martin's (NYSE: LMT) Joint Air-to-Surface StandoffMissile (JASSM®) Extended Range successfully completed U.S. Air Force Initial Operational Test and Evaluation (IOT&E) flight testing,...
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Apr 23, 2013-- Net sales decreased 2 percent to $11.1 billion
Lockheed Martin Corporation (NYSE: LMT) today reported first quarter 2013 net sales of $11.1 billion compared to $11.3 billion in the first quarter of 2012. Net earnings in the first quarter of...
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Mar 5, 2013
Lockheed Martin [NYSE: LMT] has received a $71 million Long Range Anti-Ship Missile (LRASM) modification contract from the Defense Advanced Research Projects Agency (DARPA) to conduct air- and...
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Mar 5, 2013
Lockheed Martin [NYSE: LMT] has received a $71 million Long Range Anti-Ship Missile (LRASM) modification contract from the U.S. Navy to conduct air- and surface-launched flight tests and other...
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Feb 14, 2013
Lockheed Martin's (NYSE: LMT) Joint Air-to-Surface StandoffMissile (JASSM®) recently completed Reliability Assessment Program (RAP) Lot 6 testing with two final flights. The tests met success...
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Dec 3, 2012
Lockheed Martin (NYSE: LMT) received a $5.1 million Foreign Military Sale contract from the U.S. Air Force to support integration of the Joint Air-to-Surface Standoff Missile (JASSM) onto the...
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Oct 24, 2012- Net sales of $11.9 billion
Lockheed Martin Corporation (NYSE: LMT) today reported third quarter 2012 net sales of $11.9 billion compared to $12.1 billion in 2011. Net earnings from continuing operations for the third...
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Sep 10, 2012
Lockheed Martin [NYSE: LMT] today announced its media briefing schedule for the 2012 Air Force Association (AFA) Air & Space Conference and Technology Exposition at the Gaylord National Resort &...
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Jul 26, 2012
Lockheed Martin's (NYSE: LMT) Joint Air-to-Surface Standoff Missile (JASSM) recently completed F-15E platform integration with a successful all-up round (AUR) flight test at White Sands Missile...
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Jun 28, 2012
The U.S. Air Force recently awarded Lockheed Martin [NYSE: LMT] a $241.6 million contract for Lot 10 production of the Joint Air-to-Surface Standoff Missile (JASSM) and Extended Range (ER)...
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Jan 26, 2012
-- Net sales of $12.2 billion -- Earnings from continuing operations of $698 million and per diluted share of $2.14 -- Cash from operations of $1.1 billion after accelerating pension contributions...
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Jul 27, 2011
Lockheed Martin's (NYSE: LMT) Joint Air-to-Surface Standoff Missile (JASSM) recently completed a successful Product Verification Test (PVT) at White Sands Missile Range, N.M. Released by a B-52 at...
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Jul 5, 2011Represents highest number of awards given this year to one corporation
Recognizing industrial security excellence, the Defense Security Service (DSS) has announced that Lockheed Martin (NYSE: LMT) has been awarded four of its 2011 James S. Cogswell Outstanding...
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Jan 20, 2011
Lockheed Martin (NYSE: LMT) has received two contracts totaling $218 million for the Demonstration Phase of the Defense Advanced Research Project Agency's (DARPA) Long Range Anti-Ship Missile...
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Nov 16, 2010
Lockheed Martin's (NYSE: LMT) Joint Air-to-Surface Standoff Missile - Extended Range (JASSM-ER) recently flew two successful test flights at White Sands Missile Range, NM, increasing the program's...
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Apr 12, 2010
Lockheed Martin's Joint Air-to-Surface Standoff Missile (JASSM) program team has delivered its 1,000th missile to the U.S. Air Force. The missile was completed as part of the seventh production...
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Feb 4, 2010
Lockheed Martin has received a U.S. Air Force contract valued at $243.5 million for an eighth production lot of the JASSM cruise missile. The award brings the total contracted quantities of the...
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Feb 1, 2010
A Lockheed Martin Joint Air-to-Surface Standoff Missile (JASSM) underwent a successful Product Upgrade Verification (PUV) flight test on January 12 at White Sands Missile Range, NM. The missile...
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Nov 11, 2009
The Lockheed Martin Joint Air-to-Surface Standoff Missile-Extended Range (JASSM-ER) successfully completed its sixth flight demonstration in a recent test at White Sands Missile Range, NM. The...
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Oct 26, 2009Lockheed Martin's Joint Air-to-Surface Standoff Missile Achieves Successful Reliability Flight Tests
The Lockheed Martin Joint Air-to-Surface Standoff Missile (JASSM) successfully completed Lot 7 Reliability Assessment Program flight tests with a record of 15 successes out of 16 flights, as...
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Jul 6, 2009
Lockheed Martin was awarded a $23 million contract for production of 12 Joint Air-to-Surface Standoff Missile-Extended Range (JASSM-ER) test missiles to be used in flights tests. Six of the...
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Sep 10, 2008
FORT WORTH, Texas, September 10, 2008 -- Lockheed Martin will highlight the company's major programs at the 2008 Air Force Association National Symposium, Sept. 15-17, at the Marriott Wardman Park...
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Jun 25, 2008
Lockheed Martin has received a U.S. Air Force contract valued at $107 million for a seventh production lot of the JASSM(TM) cruise missile. The contract award will bring total contracted...
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May 5, 2008
Following a series of successful reliability characterization tests, Lockheed Martin received U.S. Government approval to continue development and production of the Joint Air-To-Surface Standoff...
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Feb 11, 2008
Lockheed Martin today released its media briefing schedule for the 2008 Singapore Airshow. Briefings will take place in the Lockheed Martin Chalet: Chalet Number CS02 unless otherwise designated...
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Mar 2, 2006
The Australian Ministry of Defence has selected the Lockheed Martin JASSM(TM), a stealthy, air-to-surface missile, as the preferred solution for its AIR 5418 Follow-on Standoff Weapon (FOSOW)...
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Aug 24, 2005
Lockheed Martin has developed a new way to adapt its advanced strike weapons to existing aircraft interfaces, saving time and money and, most importantly, getting important weapons into the hands...
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Mar 17, 2005
A Lockheed Martin Joint Air-to-Surface Standoff Missile (JASSM), the world's first stealthy conventional cruise missile, was successfully launched Wednesday from an F-16 aircraft and precisely...
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Mar 4, 2005
A Lockheed Martin Joint Air-to-Surface Standoff Missile (JASSM), the world's first stealthy cruise missile, was successfully launched Thursday from an F-16 aircraft and precisely navigated through...
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Dec 16, 2004
The U.S. Air Force (USAF) and five European Participating Air Forces (EPAFs) -- Belgium, Denmark, the Netherlands, Norway and Portugal -- are receiving new technologies for their F-16s that will...
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Dec 7, 2004
Lockheed Martin received a U.S. Air Force contract totaling more than $112 million for continued production of the Joint Air-to-Surface Standoff Missile (JASSM), the world's first stealthy cruise...
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Dec 3, 2004
Lockheed Martin has named Larry Lawson as executive vice president, general manager of the F/A-22 Raptor program. In this role, Lawson has overall responsibility for the program, which has a team...
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Jul 22, 2004
With 450 P-3 Orion maritime patrol aircraft and variants in front-line service with 18 operators in 16 countries, Lockheed Martin sees significant opportunities for sustainment, modification and...
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May 27, 2004
Lockheed Martin and members of the Department of Defense celebrated the expansion of the Joint Air-to-Surface Standoff Missile (JASSM) production facility today at its Pike County Operations in...
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May 26, 2004
Lockheed Martin began manufacturing the Terminal High Altitude Area Defense (THAAD) missile today at its Pike County Operations facility in Troy, AL. The facility will perform final integration,...
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May 19, 2004
Lockheed Martin has selected its Pike County Operations facility in Troy, AL, for the production of the Non Line-of-Sight - Launch System (NLOS-LS) Loitering Attack Missile (LAM). Plans include...
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Dec 4, 2003
A Lockheed Martin Joint Air-to-Surface Standoff Missile (JASSM) was successfully launched from a B-1B bomber Oct. 30 over China Lake, California, making it the first conventional guided missile...
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Oct 21, 2003
The Joint Air-to-Surface Standoff Missile (JASSM), developed by Lockheed Martin , has been certified by both the JASSM Joint Program Office and the B-52 Systems Program Office to meet warfighter...
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Jul 28, 2003
Lockheed Martin successfully completed the next step in its Small Diameter Bomb (SDB) flight-test program in a flight over Eglin Air Force Base, FL. The SDB was released from an F-15E aircraft,...
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Jul 2, 2003
Lockheed Martin's recent $9.6 million contract award from the U.S. Air Force for Phase 1 of the Preplanned Product Improvement (P3I) of the baseline Joint Air-to-Surface Standoff Missile (JASSM)...
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Jun 26, 2003
The Air Force Research Laboratory at Eglin Air Force Base (AFB), FL awarded Lockheed Martin a $12 million contract for the Autonomous Wide Area Search Munition (AWASM) program, focused on...
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Jun 10, 2003
Lockheed Martin today updated its press-briefing schedule for the 2003 Paris Air Show. New additions are an F-35 Joint Strike Fighter international teaming agreement announcement and signing...
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Jun 3, 2003
Lockheed Martin today released its press-briefing schedule for the 2003 Paris Air Show. Briefings will take place at the Lockheed Martin press center adjacent to the company's business chalet at...
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Feb 12, 2003
Lockheed Martin's Small Diameter Bomb (SDB) team successfully completed several significant tests during the program's Component Advanced Development (CAD) phase, becoming "first to fly" during...
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Jul 18, 2002
* Raises Outlook for Earnings Per Share From Continuing Operations To $2.50 - $2.55 in 2002 and $2.75 - $2.85 in 2003 * Increases Sales Guidance; Expects Range of $25.4 - $26.0 Billion In 2002 and...
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Jun 18, 2002Lockheed Martin Programs Recognized By Department of Defense for Innovation, Best Acquisition Practices
Two U.S. government-Lockheed Martin teams received the Department of Defense's highest acquisition award during a ceremony held today at the Pentagon. E. C. "Pete" Aldridge, Undersecretary of...