财务表现 - 洛克希马丁第四季度2023年调整后每股收益为7.90美元，超出Zacks Consensus Estimate 8.8%[3] - 洛克希马丁2023年调整后每股收益为27.82美元，超出Zacks Consensus Estimate 2.1%[4] - 洛克希马丁第四季度净销售额为188.7亿美元，超出Zacks Consensus Estimate 4.9%[5] - 洛克希马丁2023年净销售额为675.7亿美元，超出Zacks Consensus Estimate 1.3%[6] 业务部门表现 - 航空部门贡献了601.6亿美元，旋翼和任务系统贡献了377.3亿美元，导弹和火控系统以及太空系统分别贡献了322.3亿美元和304.6亿美元[8] - 航空部门销售额因F-35项目销售减少而下降0.3%[9] - 导弹和火控部门季度销售额因集成空中和导弹防御项目的净销售下降3.5%[11] - 太空系统部门销售额因战略和导弹防御项目的销售增加而增长3.5%[13] - 旋翼和任务系统季度收入因集成作战系统和传感器项目以及培训和后勤解决方案项目的销售减少而下降2%[15] 现金流和财务展望 - 洛克希马丁2023年末的现金及现金等价物为14.4亿美元，较2022年末的25.5亿美元减少[17] - 洛克希马丁2023年的经营活动现金流为79.2亿美元，较去年同期的78亿美元略有增加[18] - 洛克希马丁提供了2024年的财务指导，预计收入范围为685亿至700亿美元，EPS范围为25.65至26.35美元，自由现金流范围为60亿至63亿美元[19] 评级和展望 - 洛克希马丁的估值分数为C，增长分数为C，价值方面为C，整体VGM分数为C[22] - 预期显示股票的估值已经下降，洛克希马丁被评为Zacks Rank 4 (Sell)，预计未来几个月该股票的回报将低于平均水平[24]

In the latest market close, Lockheed Martin (LMT) reached $427.55, with a +0.77% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.13%. On the other hand, the Dow registered a gain of 0.13%, and the technology-centric Nasdaq decreased by 0.32%. The the stock of aerospace and defense company has fallen by 3.5% in the past month, lagging the Aerospace sector's gain of 1.7% and the S&P 500's gain of 2.99%. Market participants will be closely following the financial results ...

公司业绩 - 公司2023年全年销售额增长2%，达到676亿美元，超过预期[6] - 公司在2023年投入超过30亿美元用于研发和资本支出[7] - 公司的自由现金流达到62亿美元，通过股息和股票回购向股东返还了约90亿美元[8] - 公司于2023年10月将股息提高了5%，达到每股3.15美元，股息率为3.0%[9] 业务表现 - 公司的业务部门表现各异，航空业务占总销售额的约40%[10] - 导弹和火控业务销售额下降4%[10] - 旋翼和任务系统销售额下降2%[10] - 太空业务销售额增长3%[10] 未来展望 - 公司的未来展望积极，预计2024年销售额将增长约2.5%，调整后每股收益预计在25.65至26.35美元之间[32] - 分析师预计2024年公司的每股收益将下降4%，但在2025年和2026年预计将增长7%和6%[34]

Lockheed Martin (LMT 0.23%) received some support recently, with a Citigroup analyst reiterating a buy recommendation and a price target of $508. Budget cuts coming? The stock had come under pressure after a Reuters article claimed that President Biden wants an 18% reduction in the number of F-35s the Pentagon orders next year as the administration looks to make savings to meet Congress spending caps. However, as the analyst notes, history suggests this kind of speculation isn't new, and the result is usual ...

供应链和员工 - 公司在2023年的供应链表现有所改善，第四季度销售增长，2023年按时交付率比2022年有所提高[8] - 公司在2023年成功招聘到关键技能人才，员工流失率显著下降，整体员工流失率低于5%[11] 项目进展和利润预期 - F-35项目的TR-3软件需要通过飞行测试和实验室测试，计划在6月前开始交付，但可能会延至第三季度[15] - F-35项目的总体利润率在2024年预计会下降，因为公司不预计在该项目上有任何有意义的正面利润调整[21] - 公司预计在2024年上半年和下半年分别会有一次机密导弹项目的认可事件，可能对公司总体利润率产生25至50个基点的影响[26] 国际市场订单和潜在风险 - 公司在国际市场上有多个潜在订单，包括土耳其F-16和希腊F-35订单，这些订单可能在今年底或明年初签订[32] - 公司的MFC和RMS部门在国际市场上有很多潜在订单，包括HIMARS、GMLRS、JASSM、LRASM、PAC-3等项目[36] - 公司在监控五个潜在风险项目，包括Aeronautics的机密项目、Sikorsky的CMHP合同、土耳其实用直升机项目、LRDR项目和MSE项目[55] 财务展望和成本削减 - 公司预计2024年的订单额将超过销售额，可能会达到1650亿美元左右，继续保持增长[46] - 公司认为2024年有机会实现营收和利润的增长，特别是在航空和军事部门[87] - 公司计划在2025年加大成本削减力度，以提高利润，并有望实现成本削减带来的利润增长[88]

Lockheed Martin Corp.’s (LMT) Space business unit recently clinched a modification contract involving support for a missile flight test. The award has been offered by the Strategic Systems Programs, Washington, D.C. Details of the Deal Valued at $193.8 million, the contract is expected to be completed by Feb 25, 2025. Per the terms of the deal, Lockheed will provide design, development, build, and integration of equipment for missile flight test demonstrations and fielding. A major portion of the work relat ...

Insider trading has been a significant problem in US politics, with various senators, representatives, and politicians seated in committees that grant them access to information that allows them to beat the market. In the midst of these, one trade raises suspicion, mainly because of the subsequent post from the same politician that may have grave and long-lasting consequences. Congresswoman Kathy Manning posted her reaction after the news of the killings of 3 US service members in Jordan, calling for holdin ...

With a land war in Europe, a Red Sea conflict escalating by the day, and China's naval buildup causing nerves to jangle across Southeast Asia, you might think 2023 would have been a great year to be in the defensive weapons business. For defense contracting giant Lockheed Martin (LMT 0.08%), however, it was rather ho- hum. Reporting fourth-quarter (and therefore full-year) results last week, Lockheed Martin was forced to admit that 2023 sales inched up only 2.4% in comparison to 2022, to $67.6 billion. On p ...

Lockheed Martin Corporation (LMT) recently received a Letter of Offer and Acceptance from the Czech Republic government for its 5th Generation F-35 Lightning II aircraft. This should expand LMT’s international revenues in the coming years. Czech Republic’s government intends to procure 24 F-35 Lightning II jets and will receive the first aircraft in 2031. Alongside, LMT will provide personnel training, service and logistical support, and other support services to the country. Significance of F-35 The F-35 i ...

Lockheed Martin (LMT 0.86%) stock dropped after the defense company's recent results, but is that creating a buying opportunity? After all, the company is involved in multiyear programs with highly reliable customers in an environment of heightened geopolitical tensions. Let's look at the results so you can make an informed decision about the matter. Disappointing earnings The earnings report was not good. I want to highlight three specific points, the first being seen in the table below. While sales growth ...