Lockheed Martin (LMT) Tops Q4 EPS by 7c; Offers FY16 Outlook

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Go back to Lockheed Martin (LMT) Tops Q4 EPS by 7c; Offers FY16 Outlook

Lockheed Martin Reports Fourth Quarter and Full Year 2015 Results

January 26, 2016 7:02 AM EST

BETHESDA, Md., Jan. 26, 2016 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today reported fourth quarter 2015 net sales of $12.9 billion, compared to $12.5 billion in the fourth quarter of 2014. Net earnings in the fourth quarter of 2015 were $933 million, or $3.01 per share, compared to $904 million, or $2.82 per share, in the fourth quarter of 2014. Cash from operations in the fourth quarter of 2015 was $1.4 billion, compared to $(201) million of cash used in operations, after pension contributions of $1.0 billion, in the fourth quarter of 2014.

Fourth quarter 2015 net earnings included a... More

Leidos To Combine With Lockheed Martin Information Systems & Global Solutions Business (IS&GS)

January 26, 2016 7:01 AM EST

RESTON, Va., Jan. 26, 2016 /PRNewswire/ -- Leidos Holdings Inc. (NYSE: LDOS) today announced it has entered into a definitive agreement with Lockheed Martin (NYSE: LMT) pursuant to which Leidos will combine with Lockheed Martin's realigned Information Systems & Global Solutions business (IS&GS) in a Reverse Morris Trust transaction.

With approximately $5 billion in sales and more than 16,000 employees worldwide, IS&GS has been a leading government services provider for more than 20 years.   

"The combination of IS&GS with Leidos creates truly significant value for our shareholders,... More

Lockheed Martin to Separate and Combine IT and Technical Services Businesses with Leidos

January 26, 2016 7:01 AM EST

BETHESDA, Md., Jan. 26, 2016 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) has entered into a definitive agreement to separate and combine its realigned Information Systems & Global Solutions (IS&GS) business segment with Leidos Holdings, Inc. (NYSE: LDOS) in a tax-efficient Reverse Morris Trust transaction, unlocking $5 billion in estimated enterprise value for Lockheed Martin stockholders.

"This strategic transaction is an important milestone in the portfolio reshaping strategy we announced in July 2015 and allows us to... More