Highest-materiality recent filing
All 9 director nominees elected; Thomas J. Falk received 88.7% of votes cast, lowest among nominees.
Lockheed Martin Q1 EPS $6.44 vs $7.28 YoY; FCF -$291M vs $955M
Sales $18.0B flat YoY; net earnings $1.5B down from $1.7B; diluted EPS $6.44 vs $7.28.
Lockheed reports Q4 EPS $5.80, full-year sales $75B (+6%); guides 2026 FCF $6.5-6.8B
Q4 2025 sales $20.3B (+9% YoY); net earnings $1.3B ($5.80 EPS) vs $527M ($2.22 EPS) in Q4 2024.
Lockheed Martin transfers $900M pension obligations; expects $480M non-cash settlement charge
Executed buy-out conversions of group annuity contracts, transferring ~$900M of gross pension obligations to insurers for ~9,000 U.S. retirees.
Lockheed Martin enters $3.0B 364-day unsecured revolving credit facility expiring Dec 2026
Facility size: $3.0 billion unsecured, matures December 4, 2026, with option to extend as term loans to Dec 2027.
Lockheed Martin Q3 EPS $6.95 vs $6.80; sales $18.6B (+8.8%); record backlog $179B
Sales $18.6B, up 8.8% YoY; net earnings $1.6B, EPS $6.95 vs $6.80.
Lockheed Martin extends revolver maturity to 2030, removes SOFR spread adjustment
Amended existing $3.0B revolving credit facility; maturity extended from Aug 24, 2029 to Aug 24, 2030.
Lockheed Martin issues $2B in senior notes across three tranches
$500M 4.150% notes due 2028, $750M 4.400% notes due 2030, $750M 5.000% notes due 2035.
Lockheed Martin Q2 net earnings down 79% to $1.46/share on $1.6B program losses
Q2 sales $18.2B (flat YoY); net earnings $342M ($1.46 diluted EPS) vs $1.6B ($6.85) in Q2 2024.
Lockheed Martin annual meeting: all 10 directors elected; shareholder proposals defeated
Quorum of 86.47% (202.8M shares) at May 9, 2025 annual meeting.
Lockheed Martin Q1 2025 sales up 4% to $18.0B; EPS $7.28 vs $6.39 YoY
Sales $18.0B (+4% YoY); net earnings $1.7B or $7.28 diluted EPS (vs $1.5B, $6.39).
Lockheed Martin appoints Evan Scott as CFO, replacing Jay Malave who departs
Jay Malave leaves as CFO to pursue other opportunities, not related to any financial or accounting issues.
Lockheed Martin 2024 EPS $22.31, hit by $2B classified program losses; sales up 5%
Net sales $71.0B (+5% YoY); Q4 $18.6B. Diluted EPS $22.31 (FY) vs $27.55; Q4 $2.22 vs $7.58.
Lockheed Martin elects retired Admiral John C. Aquilino to board of directors
Admiral Aquilino, former commander of U.S. Indo-Pacific Command, elected effective Dec 11, 2024.
Lockheed Martin issues $1B in senior notes: $600M 4.700% due 2031, $400M 5.200% due 2055
$1B aggregate of senior unsecured notes: $600M of 4.700% Notes due 2031 and $400M of 5.200% Notes due 2055.
Director Jeh C. Johnson resigns from Lockheed Martin board effective Nov 13, 2024
Jeh C. Johnson notified board of resignation effective November 13, 2024.
Lockheed Martin Q3 sales up 1% to $17.1B; raises FY2024 outlook; dividend up 5%
Net earnings $1.6B ($6.80 EPS) vs $1.7B ($6.73) YoY; free cash flow $2.1B.
Amendment extends maturity of $3.0B revolving credit facility from Aug. 2028 to Aug. 2029.
Lockheed Martin Q2 sales $18.1B (+9% YoY), EPS $6.85; raises 2024 guidance
Net sales $18.1B (+9% YoY); net earnings $1.6B, diluted EPS $6.85.
Lockheed Martin begins deliveries of first F-35 TR-3 aircraft
Two F-35A TR-3 configured aircraft delivered July 19, 2024 to Dannelly Field, AL and Nellis AFB, NV.
Lockheed Martin director Ilene S. Gordon resigns from board effective May 24, 2024
Ilene S. Gordon notified Lockheed Martin's board on May 21, 2024, of her resignation effective May 24, 2024.
Lockheed Martin elects Dr. Heather Wilson to board of directors effective May 22, 2024
Dr. Heather Wilson, former U.S. Air Force Secretary and UTEP president, joins Lockheed Martin board.
Lockheed Martin 2024 annual meeting: all 11 directors elected, say-on-pay passes
All 11 director nominees elected with votes for ranging from 158.6M to 166.4M; no withhold votes above 11.9M.
Lockheed Martin Q1 sales up 14% to $17.2B; EPS $6.39 vs $6.61 prior year; reaffirms outlook
Net sales $17.2B vs $15.1B in Q1 2023 (14% increase; includes extra week).
Lockheed Martin issues $2B in senior notes across three tranches
Issued $650M of 4.500% notes due 2029, $600M of 4.800% notes due 2034, and $750M of 5.200% notes due 2064.
Lockheed Martin Q4 EPS $7.58, FY2023 sales $67.6B; record backlog $160.6B and positive 2024 outlook
Q4 2023 net sales $18.9B (down from $19.0B Q4 2022); net earnings $1.9B ($7.58 EPS).
Lockheed Martin Q3 net sales $16.9B (+2% YoY); EPS $6.73; raises dividend to $3.15/share
Net sales $16.9B, up 2% YoY; net earnings $1.7B ($6.73 EPS) vs $1.8B ($6.71) last year.
Lockheed updates F-35 TR-3 schedule; first delivery now expected between Apr-Jun 2024
Expect to deliver 97 aircraft in 2023, all in TR-2 configuration; no impact to 2023 financial outlook.
Lockheed Martin extends $3B revolving credit facility maturity to 2028
Extension of $3.0B revolving credit agreement matures on August 24, 2028, one year later than original 2027 date.
Lockheed Martin Q2 net sales $16.7B (+8% YoY); raises FY 2023 outlook for sales and EPS
Net earnings $1.7B ($6.63 EPS) vs $309M ($1.16) in Q2 2022; adjusted EPS $6.73.
Lockheed Martin issues $2B in senior notes across three tranches (2028, 2034, 2055)
Issued $500M 4.450% notes due 2028, $850M 4.750% notes due 2034, and $650M 5.200% notes due 2055.
All 13 director nominees elected with strong support; Daniel F. Akerson received lowest votes-for at 174M.
Lockheed Martin Q1 2023: net sales $15.1B, EPS $6.61, reaffirms full-year outlook
Net sales $15.1B, up from $15.0B YoY; net earnings $1.7B ($6.61 diluted EPS).
Lockheed Martin amends bylaws to adopt universal proxy rules, increase board size to 15
Amended bylaws to comply with SEC universal proxy rules (Rule 14a-19) for director nominations and stockholder proposals.
Lockheed Martin Q4 EPS $7.40 ($7.79 adj.); backlog $150B; FY23 outlook issued
Q4 net sales $19.0B vs $17.7B YoY; net earnings $1.9B ($7.40 GAAP EPS).
Director Vincent R. Stewart resigns from Lockheed Martin board effective Jan 1, 2023
Vincent R. Stewart notified Lockheed Martin of his resignation on December 20, 2022.
Lockheed Martin completes $4B senior notes offering across five tranches
Issued $4B in senior unsecured notes across five tranches with maturities from 2025 to 2063.
Lockheed Martin Q3 sales $16.6B, net earnings $1.8B ($6.71 EPS); raises dividend 7% to $3.00
Net sales $16.6B (+3.8% YoY); net earnings $1.8B ($6.71 diluted EPS) vs $614M ($2.21) in Q3 2021.
Lockheed Martin enters $3.0B revolving credit facility maturing 2027
New $3.0B unsecured revolver matures Aug 24, 2027; can be increased to $3.5B.
Lockheed Martin Q2 sales down 9% to $15.4B; GAAP EPS $1.16 on $1.7B charges; adjusted EPS $6.32
Net sales $15.4B vs $17.0B YoY; net earnings $309M ($1.16 EPS) vs $1.8B ($6.52 EPS) last year.
Lockheed Martin elects retired Lt. Gen. Vincent R. Stewart to board, effective July 15, 2022
Stewart is a former Deputy Commander of U.S. Cyber Command and former Director of the Defense Intelligence Agency.
Lockheed transfers $4.3B pension obligations to Athene; expects $1.5B settlement charge
Lockheed transferred ~$4.3B in pension obligations and assets to Athene for ~13,600 retirees.
Lockheed Martin names new Treasurer and Controller as Mollard and Colan retire
John Mollard (VP & Treasurer) retires after 39 years; Brian Colan (VP & Controller) retires after 10+ years.
Lockheed Martin completes $2.3B senior notes offering; proceeds to redeem $2.25B in existing notes
Issued $2.3B senior notes: $800M 3.900% due 2032, $850M 4.150% due 2053, $650M 4.300% due 2062.
Lockheed Martin annual meeting elects all 13 director nominees; say-on-pay passes
All 13 director nominees elected with >189.9M votes for each; broker non-votes 34.1M.
Lockheed Martin updates indenture for future debt issuances after trustee change
Supplemental indenture executed April 21, 2022, with U.S. Bank Trust Company as successor trustee.
Lockheed Martin Q1 net sales $15.0B, EPS $6.44; reaffirms FY outlook
Net sales $15.0B, down from $16.3B YoY; net earnings $1.73B ($6.44 EPS) vs $1.84B ($6.56 EPS) YoY.
Lockheed Martin terminates Aerojet Rocketdyne acquisition after FTC lawsuit
Terminated merger agreement with Aerojet Rocketdyne (NYSE: AJRD) following FTC complaint filed Jan 25, 2022.
Lockheed Martin names Jay Malave as CFO effective Jan 31, 2022
Jay Malave appointed CFO; previously SVP & CFO of L3Harris.
Lockheed Martin Q4 sales $17.7B, EPS $7.47; FTC likely to sue to block Aerojet deal
Q4 net sales $17.7B (+4% YoY), net earnings $2.0B, diluted EPS $7.47 vs $6.38.
Evan T. Scott has been appointed Chief Financial Officer to replace Mr. Malave effective April 17, 2025.
Jay Malave, its Chief Financial Officer, advised the Company of his intention to pursue other opportunities outside of the Company.
On November 13, 2024, Jeh C. Johnson notified the Board of Directors of Lockheed Martin Corporation (the “Company”) that he was resigning from the Board of Directors, effective November 13, 2024.
On May 21, 2024, Ilene S. Gordon notified the Board of Directors of Lockheed Martin Corporation (the “Company”) that she was resigning from the Board of Directors, effective May 24, 2024.
On May 21, 2024, the Board of Directors of Lockheed Martin Corporation (the “Company”) elected Dr. Heather Wilson as a director of the Company, effective May 22, 2024.
Due to a change in his external job responsibilities, on December 20, 2022, Vincent R. Stewart provided notice that he was resigning from the board of directors of Lockheed Martin Corporation, effective January 1, 2023.
On July 7, 2022, the Board of Directors of Lockheed Martin Corporation (“Lockheed Martin” or the “Company”) elected Vincent R. Stewart as a director of the Company, effective July 15, 2022.
Mr. Colan will step down as Vice President and Controller on June 6, 2022, and will remain as a strategic advisor to assist in the transition through October 2022.
On June 3, 2022, the Board also elected Evan T. Scott, currently the Company’s Vice President and Assistant Treasurer, to succeed Mr. Mollard as Vice President and Treasurer, effective June 6, 2022.
Mr. Mollard will step down as Vice President and Treasurer on June 6, 2022, and will remain as a strategic advisor to assist in the transition through December 2022.
On June 3, 2022, the Board of Directors (the “Board”) of the Company elected H. Edward Paul, III, currently the Company’s Vice President, Accounting, to succeed Mr. Colan as Vice President and Controller, effective June 6, 2022.
elected Jesus (Jay) Malave, Jr. (age 53) as Chief Financial Officer, effective January 31, 2022.
Max materiality 0.85 · Median 0.60 · Most common event earnings