Lockheed MartinNYSE: LMT

Australia has called off a multi-billion dollar military satellite project with Lockheed Martin. On Monday, the Department of Defence announced that the military will now concentrate on a multi-orbit system instead.

Investors reacted negatively to Lockheed Martin's stock due to weak sales growth in the third quarter.

If you're similar to me, spotting a high dividend yield makes you pause and do some quick calculations. For instance, if we invested $10,000 in a stock with a 9.3% yield, how much would we earn in dividends?

Does the recent drop in the share price make it appealing when considering the potential risks and rewards?

Lockheed Martin has finished its acquisition of Terran Orbital, a top maker of advanced modular spacecraft for the aerospace and defense sectors, along with its subsidiary, Tyvak International. This deal will help speed up the development and deployment of spacecraft that are ready for missions. The announcement was made on October 30, 2024.

Lockheed (LMT) has been getting a lot of interest from Zacks.com users recently. As a result, it's important to understand the factors that could affect the stock's future.

Investors looking at defense stocks might want to hold off on buying LMT stock right now due to its high price. On the other hand, current shareholders can keep their investment.

Lockheed Martin (NYSE: LMT) has just announced its Q3 2024 results, showing revenues and earnings that are a bit better than we expected. The company generated $17.1 billion in revenue and adjusted earnings of $6.84 per share, while we had estimated $17.0 billion and $6.50 per share.

Lockheed Martin's earnings report for the third quarter revealed steady sales but a decrease in free cash flow, causing a 6% fall in its stock price. Although the company did not meet sales forecasts, its GAAP earnings per share and core earnings exceeded expectations, supported by a strong backlog that shows high demand. There are risks related to ongoing talks about the F-35 program, but Lockheed Martin anticipates that the cash flow delays will improve by 2025, leading to future growth.