BETHESDA, Md., Sept. 24, 2015 /PRNewswire/ -- The Lockheed
Martin Corporation (NYSE: LMT) board of directors has authorized a
fourth quarter 2015 dividend of $1.65
per share, representing a 10 percent increase or $0.15 over last quarter. The dividend is payable
on December 24, 2015 to holders of
record as of the close of business on December 1, 2015.
"Delivering innovative solutions to our customers' most complex
challenges continues to drive our strong results," said
Marillyn Hewson, Lockheed Martin
Chairman, President and CEO. "Our performance returns exceptional
value to our shareholders, and we are proud to deliver the 13th
consecutive annual double-digit increase of the Lockheed Martin
quarterly dividend rate."
For additional information, visit our website:
www.lockheedmartin.com/investor.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately
112,000 people worldwide and is principally engaged in the
research, design, development, manufacture, integration and
sustainment of advanced technology systems, products and services.
The Corporation's net sales for 2014 were $45.6 billion.
Forward-Looking Statements
This news release contains
statements that, to the extent they are not recitations of
historical fact, constitute forward-looking statements within the
meaning of the federal securities laws, and are based on Lockheed
Martin's current expectations and assumptions. These statements are
not guarantees of future performance and are subject to risks and
uncertainties. Actual results may differ materially due to factors
such as: the Corporation's reliance on contracts with the U.S.
Government, all of which are conditioned upon the availability of
funding; declining budgets; affordability initiatives; the
implementation of automatic sequestration under the Budget Control
Act of 2011; U.S. Government operations under a continuing
resolution or the failure to adopt a budget which may cause
contracts to be delayed, canceled or funded at lower levels or
which may impact the Corporation's operating results and cash
flows; risks related to the development, performance, schedule,
cost and requirements of complex and technologically advanced
programs including the Corporation's largest, the F-35 program;
economic, industry, business and political conditions (domestic and
international) including their effects on governmental policy; the
Corporation's success in growing international sales and expanding
into adjacent markets and risks associated with doing business in
new markets and internationally; the competitive environment for
the Corporation's products and services, including increased market
pressures in the Corporation's services businesses, competition
from outside the aerospace and defense industry, and increased bid
protests; planned production rates for significant programs and
compliance with stringent performance and reliability standards;
the Corporation's ability to implement, pace and effect
capitalization changes such as share repurchase activity and
pension funding or debt levels; the accuracy of the Corporation's
estimates and projections; and realizing the anticipated benefits
of acquisitions or divestitures, ventures, teaming arrangements or
internal reorganizations, and the Corporation's efforts to increase
the efficiency of its operations and improve the affordability of
its products and services. These are only some of the factors
that may affect the forward-looking statements contained in this
news release. For a discussion identifying additional important
factors that could cause actual results to vary materially from
those anticipated in the forward-looking statements, see the
Corporation's filings with the U.S. Securities and Exchange
Commission (SEC) including the Corporation's Annual Report on Form
10-K for the year ended Dec. 31, 2014
and quarterly reports on Form 10-Q. The Corporation's filings may
be accessed through the Investor Relations page of its website,
www.lockheedmartin.com/investor, or through the website maintained
by the SEC at www.sec.gov. Except where required by
applicable law, the Corporation expressly disclaims a duty to
provide updates to forward-looking statements after the date of
this news release to reflect subsequent events, changes in
expectations, or the estimates and assumptions associated with
them.
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SOURCE Lockheed Martin