Latest news with #Lockheed Martin
Reuters
6 hours ago
- Business
- Reuters
US approves potential sale of rocket system to Bahrain for $500 million
Aug 14 (Reuters) - The U.S. State Department has approved a potential sale of the M142 High Mobility Artillery Rocket System and related equipment to Bahrain for an estimated cost of $500 million, the Pentagon said on Thursday. The principal contractor for the sale is Lockheed Martin (LMT.N), opens new tab.
Yahoo
29-07-2025
- Business
- Yahoo
All It Takes Is $10,000 Invested in Each of These 3 S&P 500 Dividend Stocks to Help Generate Over $1,000 in Passive Income Per Year
Key Points Lockheed Martin stock has fallen so much that it is now too cheap to ignore. This paper and packaging stock offers a sustainable dividend currently yielding almost 4%. Chevron has hiked its dividend higher for nearly four decades, demonstrating steadfast commitment to rewarding shareholders. 10 stocks we like better than Lockheed Martin › Investing in dividend stocks can be a great way to generate passive income that can be used in retirement, to cover a portion of living expenses, or to reinvest in the stock market. Regardless of the use case, some investors may be seeking to generate a specific amount of passive income, such as $1,000 per year. Investing $10,000 into each of the following stocks -- Lockheed Martin (NYSE: LMT), International Paper Company (NYSE: IP), and Chevron (NYSE: CVX) -- should achieve that goal by producing around $1,100 in annual dividend income based on the forward dividend yields of these stocks. Here's why all three stocks stand out as top buys now. This defense giant has value and income written all over it Daniel Foelber (Lockheed Martin): Lockheed Martin made a new 52-week low after reporting second-quarter 2025 results. The defense contractor's earnings came in much lower than expected due to pre-tax losses on programs of $1.6 billion and other charges of $169 million. In fourth-quarter 2024, Lockheed announced $1.72 billion in program losses from classified programs. Investors hate uncertainty, and the company's latest quarter marks the second major disappointment in less than a year. However, the stock appears to be a compelling buy for long-term investors. Lockheed exited the latest quarter with a total backlog of $166.53 billion across its four segments -- which is a little over two full years' worth of revenue. The backlog provides a consistent revenue stream that can be used to manage cash flow and invest in future projects. However, some projects in the backlog are better than others. That is why Lockheed has been reviewing projects and addressing challenges to try to improve its processes or restructure programs when necessary. The losses appear unfavorable on paper, but if they result in a higher-quality order book, they may be worth it in the long run. The program losses are accounting changes that impact net income and earnings per share (EPS), but not cash flow. Lockheed lowered its full-year diluted EPS and operating profit guidance, but its revenue, capital expenditures, and free cash flow (FCF) guidance remain the same. This means that Lockheed's long-term investments and capital return programs aren't impacted. The company plans to generate $6.7 billion in FCF at the midpoint of guidance, returning around $3 billion to shareholders through buybacks and $3.1 billion through dividends. So, despite the lower EPS figure, Lockheed is still supporting its entire capital return program with FCF. Lockheed has a solid track record of growing its dividend, with 22 consecutive years of boosting its payout. At 3.1%, Lockheed has the highest dividend yield among the major defense contractors (RTX, Northrop Grumman, L3Harris Technologies, General Dynamics, and Honeywell International all yield under 2%). It also has the lowest forward price-to-earnings ratio of the major defense contractors -- signaling the stock is a good value and could look like a bargain in hindsight if it can return to meaningful earnings growth. All told, Lockheed is a good choice for investors who believe the company can regain its footing and become a good value in the long run. In the meantime, the stock's dividend yield is a worthwhile incentive to get paid to wait for the fundamentals to improve. A solid stock for passive income-seeking investors Lee Samaha (International Paper): Trading on a near 4% dividend yield, International Paper offers investors a relatively safe, if unexciting, way to generate income. That will suit investors who like investments in so-called "boring" stocks. The company generates slightly over half of its sales from the processed food & beverage (34%) and fresh food (20%) end markets, with a further 18% coming from the higher-growth e-commerce & logistics market and the rest from non-durables and durables. Food and e-commerce are attractive markets to be in as they ensure revenue stability. Additionally, International Paper has an earnings growth opportunity through its acquisition of the U.K. packaging company DS Smith, which was completed in January of this year. Consolidating an already mature industry and generating cost and revenue synergies (to offset a lack of top-line growth) is usually a good strategy, and International Paper's management believes it will generate $600 million to $700 million in synergies by the fourth year of the deal. Management also anticipates achieving a free cash flow (FCF) of $2 billion to $2.5 billion in 2027 and plans to distribute 40% to 50% of its FCF as dividends. Taking the midpoint of both figures implies $1.01 billion in cash dividends in 2027, a significant improvement from the $643 million paid in 2024. While the current trading environment isn't ideal, International Paper is a solid company with some underlying earnings growth prospects and offers a sustainable dividend for investors seeking passive income. Chevron projects strong cash flow growth despite lower energy prices. Scott Levine (Chevron): In most cases, those seeking reliable dividend stocks are prioritizing reliability over yield. But to have both -- a company with a proven track record of consistently rewarding shareholders and an attractive yield? That's a winning combination. For these investors, therefore, oil supermajor Chevron should shine brightly on income investors' radars right now thanks to its almost four-decade history of annual dividend hikes and its 4.5% forward-yielding dividend. Besides Chevron's history of increasing its payout and its high-yield dividend, the allure of Chevron stock lies in the company's operations throughout the entire energy value chain. This diversity in Chevron's operations helps to insulate it from the volatility associated with downturns in energy prices. With the price of global oil benchmark Brent crude dropping about 16% over the past year, some energy companies have lowered their immediate growth expectations. Chevron, however, forecasts production and free cash flow to rise higher over the next couple of years, even if Brent averages $70 per barrel. Thanks to production growth in the Gulf of America and in the Permian, Chevron projects daily production will rise from 3.34 million barrels of oil equivalent in 2024 to 3.4 million to 3.47 million barrels of oil equivalent for 2025. If Brent crude remains at an average of $70 per barrel, Chevron sees production rising another 3% to 6% from 2025 to 2026. Also, Chevron expects free cash flow to grow over the next couple of years due to increased activity in the Permian and TCO project in Kazakhstan. In total, the company projects an additional $9 billion in free cash flow by 2026 with Brent crude averaging $60 per barrel. For income-focused investors, Chevron stock is a great option for fueling their passive income streams. Do the experts think Lockheed Martin is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Lockheed Martin make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,041% vs. just 183% for the S&P — that is beating the market by 858.71%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 28, 2025 Daniel Foelber has no position in any of the stocks mentioned. Lee Samaha has no position in any of the stocks mentioned. Scott Levine has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chevron and L3Harris Technologies. The Motley Fool recommends Lockheed Martin and RTX. The Motley Fool has a disclosure policy. All It Takes Is $10,000 Invested in Each of These 3 S&P 500 Dividend Stocks to Help Generate Over $1,000 in Passive Income Per Year was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
22-07-2025
- Business
- Globe and Mail
Global Defense Contractor Burke Products Selects Datavault AI for Enhanced National Defense and Aerospace Technologies Contracts
BEAVERTON, Ore., July 22, 2025 (GLOBE NEWSWIRE) -- via IBN -- Datavault AI Inc. (NASDAQ: DVLT), a leader in data visualization, valuation, and monetization technologies, today announced a strategic partnership with Burke Products ('Burke'), a minority-owned Tier 1 supplier to Lockheed Martin, Raytheon Technologies, Department of Defense, Original Equipment Manufacturers (OEMs), and the Defense Logistics Agency as well as their international allied force corollaries. The partnership stands to deliver 2025 Revenues from existing contracts of Burke's that have now been subcontracted to Datavault AI and is set to scale into productized offerings into 2026. Within the partnership Datavault AI has been contracted by Burke Products to engineer and produce solutions responsive to an array of opportunities. All opportunities are managed under the contract in a case by case fashion designed to be responsive to private and public RFPs and requests made directly and through subcontracts obtained by Burke and other contracting mechanisms in place at Burke Products on a global basis. Military grade engineering, manufacturing and productization is now underway. The collaboration aims to advance defense and aerospace capabilities by integrating Datavault AI's services and proprietary data and ADIO® tone technologies with Burke's experienced manufacturing and engineering teams to accelerate productization and speed to market that Datavault AI's technologies have been designed to automate and support at scale. According to Janes, global defense spending is projected to exceed $2.2 trillion in 2025, with the U.S. defense budget alone expected to surpass $900 billion. As modernization efforts escalate, the sector is increasingly focused on secure data solutions, advanced tracking, and predictive intelligence—areas where Datavault AI is uniquely positioned to deliver for Burke new and innovative solutions that solve for advantages and forward progression of technologies in this sector. With Web 3.0 centric contributions of Datavault AI this partnership will explore technological synergies with particular emphasis on secure data management, resource tracking, and communication systems critical to mission success. Aaron Bakhshi, CEO of Burke Products, shared his outlook on the business alliance and licensing contracts now in place with Datavault AI, 'For more than 59 years, Burke Products has supplied advanced electro-mechanical components and assemblies to leading defense and aerospace partners, including Lockheed Martin, Raytheon Technologies, Northrop Grumman, General Dynamics, the U.S. Navy, the Defense Logistics Agency, and their allied international counterparts. As a minority-owned defense contractor committed to engineering innovation, we view this strategic alliance with Datavault AI as a transformative step toward future-ready solutions. The introduction and demonstrations of Datavault's solutions into our product portfolio marks a significant evolution in how we approach innovation across mission-critical systems.' Bakhshi continued: 'This collaboration originated from Sonia Choi's ability to identify and align mutual strategic interests, particularly around innovations in acoustic sciences and separately, the urgent challenge of addressing stolen valor—two distinct areas where Datavault AI's platform provides an elegant and effective solution. Additionally, our shared vision around the scalable deployment of Digital Twin technologies further strengthens the foundation of this partnership and unlocks significant future potential. Her skill in connecting advanced technology to real-world defense applications and viable business models was instrumental in forming this agreement. It resonates with me, as it reflects the executive vision and innovation that Burke Products strives to champion across all of our initiatives. We believe the work underway with Datavault AI will deliver measurable value to our clients and help redefine operational standards across multiple defense verticals with new Web 3.0 solutions.' The first phase will integrate Datavault AI's acoustic sciences services and products, including patented ADIO® tone technology, into Burke's pre-existing systems. Future phases may expand into integrating Datavault AI's proprietary data solutions for digital twin modeling, predictive analytics, inventory logistics and management as well as blockchain-based tools to secure supply chains and authenticate critical components throughout their lifecycle. 'It has been an honor to work with and partner alongside Aaron Bakhshi and Burke Products to help extend Datavault AI's orchestrated blend of talent and technological footprint into the defense sector,' said Sonia Choi, Co-Founder and CMO of Datavault AI and Lead Principal Investigator on a privately funded Strategic Partnership Project facilitated through the U.S. Department of Energy's Brookhaven National Laboratory. 'Burke Products has a rare and profound legacy of combining engineering precision with innovation—qualities that immediately resonated with our shared commitment to mission-critical performance. We are both builders and systems thinkers, capable of harnessing our technologies to automate high-value solutions in environments defined by complexity and zero tolerance for error. By leveraging our advanced data and acoustic sciences to solve real-world problems and by aligning our ecosystems together, we're laying the groundwork for scalable, American-built solutions. This marks a pivotal step and underscores Datavault AI's strategic entry into, and sustained relevance within, modern defense infrastructure,' stated Sonia Choi. As the defense and aerospace sectors rapidly evolve, this partnership marks a significant milestone. With a focus on security, precision, and next-gen data integration, Datavault AI and Burke Products are working together to shape the future of national defense technology. Nathaniel T. Bradley, Co-Founder and CEO of Datavault AI, asserted: ' This collaboration marks an international milestone of a scale we couldn't have anticipated when we first founded the company. Sonia Choi has been diligently building toward this moment for years, and her ability to identify high-impact applications for Datavault AI's technologies—while guiding our team through the execution with focus and discipline—has been exceptional. Through her vision and leadership, we've reached a breakthrough that aligns seamlessly across our VerifyU, ADIO®, High Performance Computing, WiSA and Datavault platforms, in concert with Burke Products' expansive capabilities, trusted network, and precision-driven engineering excellence.' Bradley noted, 'Together, with Burke Products, we now have an industry leading, solutions-oriented contracting partner that not only understands Datavault AI's mission, but is equipped to deliver defense-grade, purpose-built innovations when they are most needed. Sonia's and Aaron's influence will have a lasting impact—not only on Datavault AI's trajectory, but on the broader U.S. defense industry it serves. We're deeply grateful to Burke Products for validating our intellectual property, recognizing the strength of our team, and stepping forward with us to realize the full potential of this partnership.' About Datavault AI Inc. Datavault AI TM (Nasdaq: DVLT) is leading the way in AI driven data experiences, valuation and monetization of assets in the Web 3.0 environment. The company's cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI's Acoustic Science Division features WiSA®, ADIO® and Sumerian® patented technologies and industry-first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Datavault AI's cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange® (IDE) enables Digital Twins, licensing of name, image and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI's technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The company is headquartered in Beaverton, OR. Learn more about Datavault AI at About Burke Products, Inc. Burke Products, Inc. is a minority-owned manufacturer of high-precision electro-mechanical components and assemblies, serving the aerospace and defense sectors for over 59 years. The company has established a longstanding reputation for reliability and excellence across critical supply chains, maintaining established relationships with clients including the U.S. Department of Defense, Defense Logistics Agency (DLA), Lockheed Martin, Raytheon Technologies, Honeywell, General Dynamics, Goodrich, and Johnson & Johnson. Internationally, Burke has fulfilled government contracts and procurement programs for India and our allied defense partners in the UK, Japan, Germany, Turkey, and many others. Operating under ISO and AS-compliant quality systems, Burke specializes in contracted manufacturing, acoustic systems and technology integration, and rapid design-to-production capabilities for defense-grade hardware. Its core competencies support both domestic and allied military readiness through scalable, high-integrity supply partnerships. To learn more about Burke Products, please visit Cautionary Note Regarding Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, and other securities laws. Words such as "expect," "will," "anticipates," "estimates" and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, strategy, future revenue expectations, licensing initiatives, recent funding and M&A activities as well as our plans to integrate acquired businesses and technologies, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties including, but not limited to, the following: the risk that we are unable to satisfy all closing conditions in connection with the senior notes issuance described above, and the acquisition of certain assets from CSI; our ability to successfully integrate all IP that we have acquired; risks regarding our ability to utilize the assets we acquire to successfully grow our market share; risks regarding our ability to open up new revenue streams as a result of the various agreements we have entered into and assets we have acquired; our current liquidity position and the need to obtain additional financing to support ongoing operations; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; the degree to which our licensees implement the licensed technology into their products, if at all; the timeline to any such implementation; risks related to technology innovation and intellectual property, and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this communication based on new information, future events, or otherwise, except as required by law.
Yahoo
22-07-2025
- Business
- Yahoo
Dallas College Awarded $3.8M Texas Grants For Skilled Job Training
Dallas College will receive over $3.8 million in state workforce training grants, Texas Gov. Greg Abbott announced on Monday. The funding will train workers for jobs in construction, manufacturing, and aerospace engineering. The grants arrive as Texas employers struggle to fill skilled positions in high-demand industries. The state's Skills Development Fund aims to close that gap by partnering community colleges with local businesses. 'Investing in our workforce ensures that Texas employers have the talent they need to compete in the global arena,' Abbott said in a news release. 'The more than $3.8 million in grant funding will help train over 1,900 workers in the Dallas area for good-paying careers in high-demand industries.' The Texas Workforce Commission approved three separate awards. The largest grant, $2,834,720, will train 1,452 workers across plumbing, HVAC, and electrical companies. A second grant of $542,524 targets 312 workers across a consortium of manufacturing companies. The third award, valued at $459,920, will prepare 230 Lockheed Martin employees for roles in aerospace and electrical engineering. 'Skills Development Fund grants equip hardworking Texans with the necessary training for high-demand jobs,' said TWC Chairman Bryan Daniel. 'These grants will help Dallas College and its partners support local employers by training workers for occupations in fields like plumbing, manufacturing, and electrical engineering.' TWC Commissioner Alberto Treviño III presented the awards last Thursday at Dallas College's Coppell Center. Representatives from the college and partnering businesses attended the ceremony. Since 1996, the Skills Development Fund has partnered with more than 4,900 employers statewide. The program has supported training for more than 435,000 jobs across Texas. The grants enable businesses to tailor training programs through partnerships with community colleges and workforce development boards. Companies of all sizes can access the funding to upgrade their employees' skills or train new hires. Solve the daily Crossword
