BETHESDA, Md. - Lockheed Martin Corporation (NYSE: NYSE:LMT) announced today that Dr. Heather Wilson has been elected to its board of directors, effective immediately. With a background in government, academia, and the private sector, Wilson brings a wealth of experience to the global defense technology company.
Wilson's appointment comes with a history of notable service, including her role as the 24th Secretary of the U.S. Air Force from 2017 to 2019. She is currently the president of the University of Texas at El Paso, a large research university. Her previous positions include serving as the president of the South Dakota School of Mines & Technology and a U.S. Representative for New Mexico from 1998 to 2009, where she was a member of several key committees.
Her educational accolades are equally impressive, as a graduate of the U.S. Air Force Academy and a Rhodes Scholar with master's and doctoral degrees from Oxford University in England. Wilson also holds positions on the National Science Board, the Alliance of Hispanic Serving Research Universities, and the board of directors of Google (NASDAQ:GOOGL) Public Sector.
Lockheed Martin's Chairman, President, and CEO Jim Taiclet expressed confidence in Wilson's strategic insight, given her extensive leadership experience and deep knowledge of the industry. As an independent director, Wilson will contribute to Lockheed Martin's Classified Business and Security Committee.
Lockheed Martin emphasizes its dedication to driving innovation and delivering advanced security solutions, and Wilson's election to the board is aligned with this vision. The company is known for its all-domain mission solutions and commitment to scientific discovery, aiming to provide technologies that ensure security and preparedness for its customers.
The information for this article is based on a press release statement from Lockheed Martin Corporation.
InvestingPro Insights
As Lockheed Martin Corporation (NYSE: LMT) welcomes Dr. Heather Wilson to its board of directors, the company's financial health and market performance remain crucial for investors and stakeholders. With a strong market capitalization of $112.69 billion, Lockheed Martin is a significant player in the aerospace and defense sector. The company's commitment to innovation and security solutions is reflected in its consistent revenue growth, which stands at 5.28% over the last twelve months as of Q1 2024.
An important aspect for investors to consider is the company's earnings strength. Lockheed Martin has not only been profitable over the last year but also has had 8 analysts revise their earnings upwards for the upcoming period, indicating a positive outlook on the company's financial performance.
Moreover, the company has raised its dividend for 21 consecutive years, showcasing its ability to generate and return value to shareholders. This is further supported by a dividend yield of 2.69% as of the latest data.
InvestingPro Tips for Lockheed Martin highlight the company's strategic financial management. Management's aggressive share buyback strategy and the fact that Lockheed Martin has maintained dividend payments for 41 consecutive years underscore the company's commitment to shareholder returns. For investors seeking more detailed analysis and tips, there are additional insights available on InvestingPro, including the company's trading patterns and valuation metrics such as the P/E ratio, which currently stands at a favorable 17.07.
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