Lockheed Martin Management

Management criteria checks 3/4

Lockheed Martin's CEO is Jim Taiclet, appointed in Jun 2020, has a tenure of 4.42 years. total yearly compensation is $22.81M, comprised of 7.7% salary and 92.3% bonuses, including company stock and options. directly owns 0.021% of the company’s shares, worth $27.70M. The average tenure of the management team and the board of directors is 4.2 years and 6.3 years respectively.

Key information

Jim Taiclet

Chief executive officer

US$22.8m

Total compensation

CEO salary percentage	7.7%
CEO tenure	4.4yrs
CEO ownership	0.02%
Management average tenure	4.2yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jim Taiclet's remuneration changed compared to Lockheed Martin's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 29 2024	n/a	n/a	US$7b
Jun 30 2024	n/a	n/a	US$7b
Mar 31 2024	n/a	n/a	US$7b
Dec 31 2023	US$23m	US$2m	US$7b
Sep 24 2023	n/a	n/a	US$7b
Jun 25 2023	n/a	n/a	US$7b
Mar 26 2023	n/a	n/a	US$6b
Dec 31 2022	US$25m	US$2m	US$6b
Sep 25 2022	n/a	n/a	US$6b
Jun 26 2022	n/a	n/a	US$5b
Mar 27 2022	n/a	n/a	US$6b
Dec 31 2021	US$18m	US$2m	US$6b
Sep 26 2021	n/a	n/a	US$6b
Jun 27 2021	n/a	n/a	US$7b
Mar 28 2021	n/a	n/a	US$7b
Dec 31 2020	US$24m	US$915k	US$7b
Sep 27 2020	n/a	n/a	US$7b
Jun 28 2020	n/a	n/a	US$6b
Mar 29 2020	n/a	n/a	US$6b
Dec 31 2019	US$310k	n/a	US$6b
Sep 29 2019	n/a	n/a	US$6b
Jun 30 2019	n/a	n/a	US$6b
Mar 31 2019	n/a	n/a	US$6b
Dec 31 2018	US$310k	n/a	US$5b

Compensation vs Market: Jim's total compensation ($USD22.81M) is above average for companies of similar size in the UK market ($USD5.80M).

Compensation vs Earnings: Jim's compensation has been consistent with company performance over the past year.

CEO

Jim Taiclet (63 yo)

4.4yrs

Tenure

US$22,813,775

Compensation

Mr. James D. Taiclet, Jr., also known as Jim, serves as President & Chief Executive Officer at Lockheed Martin Corporation since June 15, 2020 and also serves as its Chairman since March 01, 2021. He had b...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
James Taiclet	Chairman	4.4yrs	US$22.81m	0.021% $ 27.7m
Jesus Malave	Chief Financial Officer	2.8yrs	US$6.66m	0.0023% $ 3.1m
Frank St. John	Chief Operating Officer	4.4yrs	US$9.95m	0% $ 0
Gregory Ulmer	President of Aeronautics	3.9yrs	US$6.96m	0.000030% $ 40.2k
Timothy Cahill	President of Missiles & Fire Control	5.1yrs	US$7.17m	0.0038% $ 5.0m
H. Paul	Chief Accounting Officer	9.7yrs	no data	no data
Rodney Makoske	Chief Engineer and Senior VP of Engineering & Technology	3.8yrs	no data	no data
Yvonne Hodge	Senior VP of Enterprise Business & Digital Transformation and CIO	1.8yrs	no data	no data
Maria Ricciardone	VP, Treasurer & Investor Relations	2.1yrs	no data	0.00022% $ 295.1k
Maryanne Lavan	Senior VP	14.4yrs	US$6.43m	0.000020% $ 26.8k
Dean Acosta	Senior VP & Chief Communications Officer	5.5yrs	no data	no data
Christopher Wronsky	Senior VP & Chief Human Resource Officer	1.2yrs	no data	no data

4.2yrs

Average Tenure

57.5yo

Average Age

Experienced Management: 0R3E's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
James Taiclet	Chairman	6.8yrs	US$22.81m	0.021% $ 27.7m
Patricia Yarrington	Independent Director	3.4yrs	US$341.57k	0.00029% $ 389.0k
Thomas Falk	Lead Independent Director	14.4yrs	US$385.99k	0.0022% $ 3.0m
Debra Reed-Klages	Independent Director	5yrs	US$340.00k	0.00084% $ 1.1m
David Burritt	Independent Director	16.6yrs	US$340.00k	0.0028% $ 3.7m
John Donovan	Independent Director	3.1yrs	US$361.00k	0.0018% $ 2.4m
Bruce Carlson	Independent Director	9.3yrs	US$341.01k	0.0011% $ 1.5m
Heather Wilson	Independent Director	less than a year	no data	no data
Vicki Hollub	Independent Director	6.3yrs	US$340.00k	0.0011% $ 1.5m
Jeh Johnson	Independent Director	6.8yrs	US$340.00k	0.0012% $ 1.6m
Joseph Dunford	Independent Director	4.8yrs	US$356.67k	0.00073% $ 979.3k

6.3yrs

Average Tenure

66yo

Average Age

Experienced Board: 0R3E's board of directors are considered experienced (6.3 years average tenure).

Lockheed Martin Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Lockheed Martin Announces Executive Changes

Lockheed Martin Corporation Announces Executive Changes

Insider recently sold US$1.8m worth of stock

President of Missiles & Fire Control recently sold US$2.0m worth of stock

Lockheed Martin Corporation Announces Resignation of Ilene S. Gordon as from the Board of Directors

Recent updates

Insufficient new directors

Lockheed Martin Corporation (NYSE:LMT) completed the acquisition of the remaining 64.14% stake in Terran Orbital Corporation (NYSE:LLAP) from ASTROLINK International LLC and others.

Third quarter 2024 earnings released: EPS: US$6.83 (vs US$6.76 in 3Q 2023)

Lockheed Martin Corporation Revises Earnings Guidance for the Full Year 2024

Now 20% undervalued

Second quarter dividend increased to US$3.30

Lockheed Martin Corporation Declares Fourth Quarter 2024 Dividend, Payable on December 27, 2024

Lockheed Martin Corporation to Report Q3, 2024 Results on Oct 22, 2024

Lockheed Martin Announces Executive Changes

FTAI Aviation Ltd. (NasdaqGS:FTAI) completed the acquisition of Lockheed Martin Commercial Engine Solutions from Lockheed Martin Corporation (NYSE:LMT).

Lockheed Martin Corporation Announces Executive Changes

Lockheed Martin Celebrate Debut of Poland's First F-35A "Husarz"

Boeing, Lockheed Reportedly in Talks to Sell Joint Venture to Sierra Space

Lockheed Martin Corporation (NYSE:LMT) agreed to acquire the remaining 70.56% stake in Terran Orbital Corporation (NYSE:LLAP) for $58.6 million.

Insider recently sold US$1.8m worth of stock

President of Missiles & Fire Control recently sold US$2.0m worth of stock

Second quarter 2024 earnings released: EPS: US$6.87 (vs US$6.65 in 2Q 2023)

Lockheed Martin Corporation Raises Earnings Guidance for the Year 2024

Lockheed Martin Corporation to Report Q2, 2024 Results on Jul 23, 2024

First quarter dividend of US$3.15 announced

Lockheed Martin Corporation Declares Third Quarter 2024 Dividend, Payable on September 27, 2024

FTAI Aviation Ltd. (NasdaqGS:FTAI) entered into an agreement to acquire Lockheed Martin Commercial Engine Solutions from Lockheed Martin Corporation (NYSE:LMT) for $170 million.

Upcoming dividend of US$3.15 per share

Lockheed Martin Corporation Announces Resignation of Ilene S. Gordon as from the Board of Directors

Lockheed Martin Corporation Appoints Heather Wilson as Independent Director and Member of Classified Business and Security Committee

First quarter dividend of US$3.15 announced

Lockheed Martin Announces Director Changes

First quarter 2024 earnings released: EPS: US$6.42 (vs US$6.63 in 1Q 2023)

Lockheed Martin Corporation Provides Earnings Guidance for the Year 2024

Lockheed Martin Corporation to Report Q1, 2024 Results on Apr 23, 2024

Lockheed Martin Corporation, Annual General Meeting, May 02, 2024

Chief Operating Officer recently sold US$2.8m worth of stock

Upcoming dividend of US$3.15 per share

Fourth quarter dividend of US$3.15 announced

Full year 2023 earnings released: EPS: US$27.65 (vs US$21.74 in FY 2022)

Lockheed Martin Corporation Declares First Quarter 2024 Dividend, Payable on March 29, 2024

Lockheed Martin Corporation Provides Earnings Guidance for the Year 2024

Lockheed Martin Corporation to Report Q4, 2023 Results on Jan 23, 2024

Lockheed Martin Corporation Rolls Out X-59

Lockheed Martin Announces Executive Changes

Upcoming dividend of US$3.15 per share at 2.8% yield

Third quarter 2023 earnings released: EPS: US$6.75 (vs US$6.73 in 3Q 2022)

Lockheed Martin Corporation Reaffirms Earnings Guidance for 2023

Lockheed Martin Declares Fourth Quarter 2023 Dividend, Payable on Dec. 29, 2023

Lockheed Martin Corporation to Report Q3, 2023 Results on Oct 17, 2023

Upcoming dividend of US$3.00 per share at 2.6% yield

Now 20% undervalued after recent price drop

Lockheed Martin Corporation Revises Sales Guidance for the Fiscal Year 2023

Second quarter 2023 earnings released: EPS: US$6.65 (vs US$1.16 in 2Q 2022)

Lockheed Martin Corporation to Report Q2, 2023 Results on Jul 18, 2023

Lockheed Martin Declares Third Quarter 2023 Dividend, Payable on September 22, 2023

Lockheed Martin Appoints Abdullah Alajmi as New Space Business Development Director for Saudi Arabia

Upcoming dividend of US$3.00 per share at 2.7% yield

Insider recently bought US$251k worth of stock

First quarter 2023 earnings released: EPS: US$6.63 (vs US$6.46 in 1Q 2022)

Chief Operating Officer recently sold US$3.2m worth of stock

Upcoming dividend of US$3.00 per share at 2.5% yield

Insider recently bought US$251k worth of stock

The Lockheed Martin Corporation Declares First Quarter 2023 Dividend, Payable on March 24, 2023

Lockheed Martin Announces the Successful First Flight of the F-16 Block 70 At Its Greenville, South Carolina Site

Full year 2022 earnings released: EPS: US$21.74 (vs US$22.85 in FY 2021)

Lockheed Martin Corporation to Report Q4, 2022 Results on Jan 24, 2023

Lockheed Martin Corporation Announces Resignation of Vincent R. Stewart from the Board of Directors, Effective January 1, 2023

Lockheed Martin Successfully Hosts Advanced 5G.MIL(R) Capabilities on Flight Ready Hardware

Upcoming dividend of US$3.00 per share

Insider recently bought US$251k worth of stock

Third quarter 2022 earnings released: EPS: US$6.73 (vs US$2.22 in 3Q 2021)

Lockheed Martin Corporation Provides Earnings Guidance for 2022

Lockheed Martin Corporation Announces Executive Changes