Lockheed Martin Corp.’s (LMT) business segment, Aeronautics, recently secured a modification contract involving its advanced F-16 Block 70/72 aircraft. The award has been offered by the Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, OH.Details of the DealValued at $520.4 million, the contract is projected to be completed by Jun 30, 2028. The latest modification expands the current long lead materials contract to begin production tasks of the Viper Shield electronic warfare suite fo ...

Lockheed Martin Corp.’s (LMT) business segment, Rotary and Mission Systems (“RMS”), recently clinched a modification contract for providing engineering design, development and production support to the U.S. Navy. The award has been offered by the Naval Sea Systems Command, Washington, D.C.Valued at $199.6 million, the contract is projected to be completed by September 2025. A major portion of the work related to this deal will be carried out in Manassas, VA.Lockheed’s Maritime SolutionsNations across the gl ...

Lockheed Martin Corp. (LMT) recently secured a contract to procure Army Tactical Missile System (“ATACMS”) guided missile and launching assembly. The Army Contracting Command, Redstone Arsenal, AL, has provided the award.Valued at $226.9 million, the contract is expected to be completed by Dec 30, 2028. Work related to this deal will be executed in Grand Prairie, TX.The contract will serve the governments of Estonia, Latvia, Lithuania, Morocco and Poland.Rising Missile Demand & LockheedRapidly increasing ge ...

ANKARA, TURKIYE - JUNE 24: In this photo illustration logos of General Electric are displayed on ... [+] laptop and mobile phone screens in Ankara, Turkiye on June 24, 2024. (Photo by Dilara Irem Sancar/Anadolu via Getty Images)Anadolu via Getty ImagesWe believe that Lockheed Martin stock is currently a better pick than its industry peer – GE Aerospace stock (NYSE: GE), given its better valuation and robust prospects. GE stock trades at a higher multiple of 40x forward expected earnings, versus 18x for LMT ...

Per major news sources, Lockheed Martin Corp. (LMT) recently secured a multi-year contract worth $4.5 billion for its Phased Array Tracking to Intercept of Target Advanced Capability-3 missile from the U.S. Army. Per the terms of the deal, Lockheed will procure 870 Patriot Advanced Capability-3 (PAC-3) Missile Segment Enhancement (“MSE”) missiles and associated hardware.What’s Favoring Lockheed?Global geopolitical and socioeconomic unrest has led both developed and emerging nations to increase the size of t ...

BETHESDA, Md., July 1, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live its second quarter 2024 earnings results conference call (listen-only mode) on Tuesday, July 23, 2024 at 11 a.m. ET. James Taiclet, chairman, president and chief executive officer; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss second quarter 2024 results, provide updates on key topics and answer questions.  Second quarter 2024 results will be ...

Core Insights - Latvia's telecom market is experiencing growth due to investments and regulatory measures aimed at enhancing 5G and fibre infrastructure [1][2] - The mobile market is competitive, dominated by three operators, with the smallest operator holding nearly 25% of the subscriber market [1] - The country ranks among the top in Europe for fibre coverage, with approximately 50% fibre penetration and the second highest rural Fibre-to-the-Premises (FttP) coverage after Denmark [2] Key Developments - Telia Group sold its local unit Telia Latvia to Tet for €10.75 million [3] - Tet has launched a 10Gb/s FttP service in parts of Riga [3] - The telecom regulator raised €13.27 million from an auction of additional spectrum in the 700MHz band [3] - BitA Latvia and Unistars have been permitted to jointly use spectrum in the 1800MHz and 3600MHz bands for 5G [3] - Tele2 Latvia has introduced a Voice over LTE (VoLTE) service [3] - The regulator has allowed BitA and Tele2 Latvia to share spectrum assets [3] Company Coverage - Major telecom operators in Latvia include Latvijas Mobilais Telefons (LMT), Tele2 Latvia, Telekom Baltija/Triatel, BitA Latvia, Tet, and Norby Telecom [4] Key Topics Covered - The report includes key statistics, regional market comparisons, market characteristics, and an analysis of market leaders and challengers [5] - It covers mobile and fixed broadband penetration, telecommunications market analysis, regulatory environment, and developments in fixed-line services [5]

It's time to start future-proofing any space stocks in your portfolio. "Smaller, faster, cheaper" may be a better way to invest.Good news for Lockheed Martin (LMT -0.01%) investors: Last week, Lockheed announced a large follow-on order for government weather satellites. The National Oceanic and Atmospheric Administration (NOAA) asked the aerospace and defense giant to build it at least three, and potentially as many as seven, new next-generation Geostationary Extended Observations (GeoXO) sats. If all optio ...

Lockheed Martin is still building a new missile defense system, but events may overtake it.Good news for Lockheed Martin (LMT -0.01%) investors! Last week, the Pentagon announced that it has awarded the defense giant $977.5 million to continue development of Next-Generation Overhead Persistent Infrared (Next-Gen OPIR) satellites for early warning and tracking of intercontinental ballistic missile (ICBM) and theater ballistic missile launches. Bad news for Lockheed Martin investors: Lockheed won't be buildin ...

As the race to space heats up, the top space stocks to buy are delivering high returns. In the last few years, the commercialization of space has reached new highs with governments investing heavily in commercial space assets. Exploring all that space has to offer is becoming more common than ever before. And it has some envisioning the possibility of life on Mars!Given the increased interest in space travel, companies leading the charge are experiencing explosive growth. This has served as a boon for inves ...