Lockheed Martin Corporation

LMT

US5398301094

Aerospace & Defense

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513.03 ^USD	-0.86%		515.80	+0.54%

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Lockheed Martin: potential cooperation with Hensoldt

November 11, 2024 at 09:39 am EST

Lockheed Martin announces the signing of a memorandum of understanding with Hensoldt, a German company specializing in military electronics and defense, for potential cooperation in maritime command systems and radar technologies.

Our joint efforts in radar development will result in high-performance systems, built and maintained in Germany, ensuring operational capability now and for decades to come", said Paul Lemmo, Vice President and General Manager of Integrated Combat Systems and Sensors at Lockheed Martin.

Oliver Dörre, CEO of Hensoldt, said the agreement reflects his company's positioning as a trusted partner for national and international security and defense programs.

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Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	LOCKHEED MARTIN CORPORATION	513.03USD	-0.86%	-3.09%	122B
	HENSOLDT AG	37.72EUR	-1.15%	+2.50%	4.6B

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Chart Lockheed Martin Corporation

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Company Profile

Lockheed Martin Corporation specializes in the design, manufacturing and marketing of aeronautic, submarine, and aerospace systems. Net sales break down by activity as follows: - sale of aeronautic systems (40.7%): military and civilian aircraft, primarily for government organizations; - sale of helicopters, mission and electronic systems (24%): military and commercial helicopters, ships, sea and land-based missile defense systems, radars, sensors, sea and air-based mission and combat systems, training systems, cyber solutions, command, control and communication systems, surveillance and reconnaissance systems, simulation and training systems, etc.; - sales of aerospace systems (18.7%): satellite systems, missile systems and space transport systems; - sale of air defense and fire control systems (16.6%): air and missile defense systems, tactical missiles, precision strike weapons systems, fire control systems, etc. The group also offers support services for mission operations, preparation, technical support, integration services, etc. Net sales break down by source of income into sales of products (83.3%) and services (16.7%). Net sales are distributed geographically as follows: the United States (74.3%), Europe (9.5%), Asia/Pacific (8.3%), Middle East (5.8%) and other (2.1%).

Employees

122,000

Sector

Aerospace & Defense

Calendar

2025-01-27 - Q4 2024 Earnings Release (Projected)

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