LOCKHEED MARTIN CORP (LMT)

Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space. The Aeronautics segment research, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment is involved in air and missile defense systems, tactical missiles and air-to-ground precision strike weapon systems, logistics, fire control systems, mission operations support, readiness, engineering support and integration services, manned and unmanned ground vehicles, and energy management solutions. The RMS segment designs, manufactures, services, and supports various military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions. The Space segment includes the production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems. The company was founded in 1912 and is headquartered in Bethesda, MD.

Address

6801 ROCKLEDGE DR
BETHESDA, MD 20817

Founded

1912

Number of Employees

122,000

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
$2,002,658 $3,178,107 $2,243,574 $1,611,712 $1,603,140 $1,292,319 $1,239,041 $2,299,698 $6,717,602 $6,887,453 $1,965,241 $2,821,868
Average Price $164.26 $200.96 $232.94 $278.03 $317.08 $341.34 $372.77 $338.45 $407.86 $452.75 $444.14 $315.12
# Shares Purchased 12,192,364 15,814,365 9,631,577 5,796,809 5,055,999 3,786,021 3,323,885 6,794,822 16,470,431 15,212,597 4,424,788 8,954,878
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date 246.4% 183.1% 144.3% 104.7% 79.5% 66.7% 52.6% 68.1% 39.5% 25.7% 28.1% 80.6%
S&P 500 Return to Date 181.9% 173.0% 168.6% 129.7% 104.9% 93.1% 74.8% 31.7% 37.3% 31.3% 7.4% 94.0%
Excess Total Return 64.6% 10.2% -24.3% -25.1% -25.4% -26.4% -22.2% 36.5% 2.2% -5.7% 20.7% -13.4%
Quartile Rank
Percentile Rank 81% 74% 69% 70% 67% 65% 58% 84% 74% 66% 86% 81%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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