Image of a C-130J in flight, courtesy of Lockheed Martin
Lockheed Martin announced in a press release that it will webcast live its third quarter 2024 earnings results conference call on Tuesday, October 22, 2024 at 11 a.m. ET.
According to the press release James Taiclet, chairman, president and chief executive officer; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss third quarter 2024 results, provide updates on key topics and answer questions.
The results will be published prior to the market opening on October 22.
The press release gives the following information about how to access the listen-only webcast and how to listen after the event:
The live webcast will be available at www.lockheedmartin.com/investor and the accompanying presentation slides and relevant financial charts will also be available on the same website prior to market open.
An on-demand replay of the webcast will be available through Tuesday, November 5, 2024 at www.lockheedmartin.com/investor, and a podcast will be available here.
For additional information, visit the company’s website: www.lockheedmartin.com.
Fourth Quarter Dividend and share repurchase
In a separate press release the company announced a fourth quarter 2024 dividend of $3.30 per share.
According to the press release:
This is an increase of $0.15 per share over the last quarter and represents the company’s 22nd consecutive year of dividend increases. The dividend is payable on Dec. 27, 2024, to holders of record as of the close of business on Dec. 2, 2024.
The company’s board has also authorized the purchase of up to an additional $3 billion of Lockheed Martin common stock under its share repurchase program. With this increase, total authorization for future repurchases under the share repurchase program is approximately $10 billion. The number of shares purchased and the timing of purchases are at the discretion of management and subject to compliance with applicable laws and regulations.
Lockheed Martin and Cobb County
The Lockheed Martin facility in Marietta has been a major employer in Cobb County since 1951, when the Lockheed Corporation, a predecessor of Lockheed Martin, took over the former site of the WWII Bell Bomber plant.
The C-130 program is the largest program operating at the Marietta facility. The plant currently produces the C-130J Super Hercules (see the company’s Fast Facts on the C-130J or the company’s C-30J brochure for more information).
The Marietta plant also provides ongoing support for the C-5 Galaxy, which celebrated its 50th year in operation in 2018. The C-5 Galaxy is expected to remain in service until 2045.
The Marietta location also supports the P-3 Orion, and manufactures the center wings for the F-35.
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