BETHESDA, Md., Sept. 22, 2016 /PRNewswire/ -- The Lockheed
Martin Corporation (NYSE: LMT) board of directors has authorized a
fourth quarter 2016 dividend of $1.82
per share, representing a 10 percent increase or $0.17 per share over last quarter. The dividend
is payable on December 30, 2016 to
holders of record as of the close of business on December 1, 2016.
This is the 14th year in a row that the Corporation
has increased its quarterly dividend rate by 10 percent or
more.
"Our strong performance for our customers this year has enabled
us to increase the dividend and enhance the value we deliver to our
stockholders," said Marillyn Hewson,
Lockheed Martin Chairman, President and CEO. "We've taken
significant steps over the past year to reshape our portfolio and
strengthen our core defense business. I'm confident this positions
us well to grow and deliver long term value for our
stockholders."
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
98,000 people worldwide and is principally engaged in the research,
design, development, manufacture, integration and sustainment of
advanced technology systems, products and services.
For additional information, visit our
website:
www.lockheedmartin.com
Forward-Looking Statements
Statements in this release about future performance 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 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; 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, 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 and continue capitalization changes such as share
repurchase activity, payment of dividends (including, in the event
of a deficit in stockholders' equity, the availability of
sufficient net earnings to permit such distributions under
Maryland law), pension funding
and/or debt activity as well as the pace and effect of any such
capitalization changes; the accuracy of the Corporation's estimates
and projections; interest rate and other changes that may affect
pension plans assumptions, stockholder's equity, the level of
FAS/CAS earnings and actual return on pension plan assets; 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, 2015 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 Corporation