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Lockheed Martin : Elects John M. Donovan to Board of Directors - Form 8-K

10/21/2021 | 04:44pm EST
Lockheed Martin Elects John M. Donovan to Board of Directors
BETHESDA, Md., Oct. 21, 2021 - Lockheed Martin Corporation [NYSE: LMT] today announced its board of directors has elected John M. Donovan to the board, effective immediately. The board determined that Donovan is an "independent director" in accordance with the New York Stock Exchange listing standards, the rules and regulations of the Securities and Exchange Commission, and the corporation's corporate governance guidelines. Donovan will serve on the corporation's Classified Business and Security Committee.

Previously Donovan served as CEO of AT&T Communications, LLC, a wholly owned subsidiary of AT&T Inc., from August 2017 until his retirement in October 2019. He was chief strategy officer and group president of AT&T Technology and Operations from January 2012 through August 2017, and chief technology officer of AT&T Inc. from April 2008 through January 2012. Prior to AT&T, Donovan was executive vice president of product, sales, marketing and operations at VeriSign Inc., an internet infrastructure company. He also was chairman and CEO of inCode Telecom Group Inc., where he helped shape strategy for wireless carriers worldwide, and was a partner with Deloitte Consulting, where he was the Americas telecom practice director.

Donovan is chair of the President's National Security Telecommunications Advisory Committee; a board member of Palo Alto Networks, a global cybersecurity company; and the author of multiple books on organizational leadership and advanced networking.

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Please follow @LMNews on Twitter for the latest announcements and news across the corporation.

# # #

Media Contact:
Trent Perrotto, director, Global Media Relations, +1 301-214-3504, trent.j.perrotto@lmco.com


Lockheed Martin Corporation published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 20:43:11 UTC.

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Financials (USD)
Sales 2021 67 046 M - -
Net income 2021 6 258 M - -
Net Debt 2021 8 490 M - -
P/E ratio 2021 15,1x
Yield 2021 3,12%
Capitalization 93 756 M 93 756 M -
EV / Sales 2021 1,53x
EV / Sales 2022 1,54x
Nbr of Employees 114 000
Free-Float 99,5%
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Technical analysis trends LOCKHEED MARTIN CORPORATION
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 339,96 $
Average target price 388,27 $
Spread / Average Target 14,2%
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Managers and Directors
James D. Taiclet Chairman, President & Chief Executive Officer
John Wesley Mollard Chief Financial Officer, Treasurer & VP
Rodney A. Makoske SVP, Chief Engineering, Technology & Operations
Frank A. St. John Chief Operating Officer
Jay Peterson Director-Government Finance & Compliance
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