Tuesday, January 26, 2016 10:08:30 AM
•Reports Q4 (Dec) earnings of $3.01 per share, $0.09 better than the Capital IQ Consensus of $2.92; revenues rose 3.1% year/year to $12.92 bln vs the $12.39 bln Capital IQ Consensus.
•Co issues downside guidance for FY16, sees EPS of $11.45-11.75 vs. $12.25 Capital IQ Consensus Estimate; sees FY16 revs of $49.5-51.0 vs. $49.66 bln Capital IQ Consensus Estimate.
•Co separately announced an agreement to separate and combine its realigned Information Systems & Global Solutions (IS&GS) business segment with Leidos Holdings (LDOS) in a tax-efficient Reverse Morris Trust transaction, unlocking $5 billion in estimated enterprise value for Lockheed Martin stockholders.•Subject to regulatory approvals, the $5 billion transaction includes a $1.8 billion one-time special cash payment to Lockheed Martin, which the Corporation intends to use to repay debt, pay dividends, and/or repurchase its stock.
•LMT stockholders will receive approximately 50.5% (approximately 77 million shares) of the outstanding equity of Leidos on a fully diluted basis with an estimated value of $3.2 billion. Leidos' existing shareholders will continue to hold the remaining approximately 49.5% of the outstanding shares of Leidos.
Recent LMT News
- U.S. Air Force Secretary Kendall Flies in AI-piloted X-62A VISTA • PR Newswire (US) • 05/03/2024 05:21:00 PM
- Lockheed Martin Declares Second Quarter 2024 Dividend and Announces Election of Thomas Falk as Independent Lead Director of the Board • PR Newswire (US) • 05/02/2024 08:41:00 PM
- Lockheed Martin Reports First Quarter 2024 Financial Results • PR Newswire (US) • 04/23/2024 11:29:00 AM
- U.S. Index Futures Rise in Pre-Market, Oil Prices Dip Slightly • IH Market News • 04/23/2024 11:26:41 AM
- Ducommun Incorporated receives Lockheed Martin Aeronautics Elite Supplier Award for 2023 • GlobeNewswire Inc. • 04/23/2024 10:30:00 AM
- Ericsson Soars with 66% Net Profit Growth; Live Nation Under Antitrust Scrutiny in US, and More News • IH Market News • 04/16/2024 11:18:19 AM
- U.S. Missile Defense Agency selects Lockheed Martin to provide its Next Generation Interceptor • PR Newswire (US) • 04/15/2024 09:45:00 PM
- Paramount Global Board Shrinks, Morgan Stanley Faces Regulatory Probe, and More News • IH Market News • 04/12/2024 11:05:29 AM
- Lunar Dawn Team Awarded NASA Lunar Terrain Vehicle Contract • PR Newswire (US) • 04/03/2024 08:32:00 PM
- Lockheed Martin Announces First Quarter 2024 Earnings Results Webcast • PR Newswire (US) • 04/01/2024 01:00:00 PM
- KULR Enters into an Agreement with Lockheed Martin for Heat Sink Advancements in Precision Missile Electronics • GlobeNewswire Inc. • 03/26/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 12:50:39 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 12:50:35 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 12:50:33 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/08/2024 12:50:30 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 09:02:21 PM
- Lockheed Martin CFO to Speak at the J.P. Morgan Industrials Conference • PR Newswire (US) • 03/06/2024 02:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 11:38:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/05/2024 09:42:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/05/2024 09:06:51 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/05/2024 09:06:10 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 03/01/2024 10:04:49 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/01/2024 09:08:44 PM
- Lockheed Martin Takes Next Step in Homeland Missile Defense Interceptor Acquisition Process • PR Newswire (US) • 02/28/2024 03:01:00 PM
- Datenna, Groq, and Lockheed Martin Join Roster of Sponsors for Upcoming AI Expo for National Competitiveness • PR Newswire (US) • 02/28/2024 03:00:00 PM
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