Amid turbulent times on the global geopolitical scene that has seen escalating tensions in the Middle East, it should not come as a shock that war stocks are rising, including Lockheed Martin (NYSE: LMT), although experts are still cautiously optimistic regarding its price in the following 12 months.Indeed, the shares of Lockheed Martin, a defense and aerospace behemoth with government contracts, are recording growth, particularly in the last month, recovering from a sudden drop in late January this year af ...

Lockheed Martin Corporation (LMT) recently secured a contract from the U.S. Missile Defense Agency to develop the nation’s Next Generation Interceptor (NGI). This award should bolster LMT’s position in the rapidly expanding missile defense systems market.Per Reuters, this contract is valued at $17 billion.Significance of NGIThe NGI is a modern, never-fail weapon system designed to protect the homeland against increasing and evolving ballistic missile threats. It is equipped with kill vehicle technology and ...

On March 29, U.S. Representative Kevin Hern of Oklahoma purchased shares of Lockheed Martin (NYSE: LMT) stock, a major defense contractor with government contracts, just before Lockheed Martin won a $17 billion contract to develop a critical defense system. The contract was awarded on April 15, three days after Hern filed his financial disclosure form on April 12, one day before Iran attacked Israel.Trade details and LMT stock chart. Source: Quiver QuantitativeThe company’s recent contract win, announced am ...

Lockheed Martin (LMT) ended the recent trading session at $453.08, demonstrating a +0.6% swing from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 1.2%. Meanwhile, the Dow experienced a drop of 0.65%, and the technology-dominated Nasdaq saw a decrease of 1.79%.Coming into today, shares of the aerospace and defense company had gained 3.35% in the past month. In that same time, the Aerospace sector lost 4.66%, while the S&P 500 lost 0.85%.Market participants will be closely ...

HUNTSVILLE, Ala., April 15, 2024 /PRNewswire/ -- On April 15, the Missile Defense Agency selected Lockheed Martin [NYSE: LMT] to deliver the nation's new homeland missile defense capability, the Next Generation Interceptor (NGI).Lockheed Martin, as the MDA's NGI prime contractor, will provide the most modern, reliable, and technically advanced interceptor in the history of the Ground-based Midcourse Defense (GMD) system. The multiple-kill vehicle interceptor is designed to protect the homeland against long ...

U.S.-based defense stocks are on the rise today, as tensions build in the Middle East. Following a retaliatory attack by Iran on Israel over the weekend, J.P. Morgan Securities upgraded Lockheed Martin Corp (LMT) to "overweight" from "neutral," with a price-target hike to $518 from $475. At last glance, LMT was up 1.1% at $455.13, and trading at its highest levels since late January. The equity is fresh off a weekly loss, which snapped a five-week win streak after the stock's rebound from its February lows. ...

The ongoing escalation of tensions between Iran and Israel has reverberated through global markets, resulting in losses for most risk assets. With minimal prospects for a short-term resolution, investors are on edge about how markets will react as the conflict unfolds in the Middle East.However, several companies stand to be affected by the conflict. In this context, Finbold has identified the following three stocks to monitor regarding the conflict in the coming week.Exxon MobilThe conflict in the Middle E ...

Key TakeawaysLockheed Martin shares remain in focus Friday morning after the company won a $4.1 billion contract from the Missile Defense Agency.The contract, which aims to drive innovation and development of the government's battle command system, has an ordering period from May 1, 2024, through April 30, 2029, with an option to extend through April 30, 2034.A breakout in Lockheed Martin shares above a key trendline around $454 could act as a catalyst for a move up to overhead resistance near $490. Shares ...

Lockheed Martin Corp.’s (LMT) Aeronautics business unit recently secured a modification contract involving its F-35 fighter jet program. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.Details of the DealValued at $181 million, the contract is expected to be completed by April 2028. Per the terms of the deal, Lockheed will provide ancillary mission equipment to meet Lot 17 Group Two requirements for the F-35 Joint Strike Fighter (JSF) program.The work related to this deal wil ...

In the latest market close, Lockheed Martin (LMT) reached $447.57, with a -1.06% movement compared to the previous day. This change lagged the S&P 500's 0.15% gain on the day. At the same time, the Dow lost 0.02%, and the tech-heavy Nasdaq gained 0.32%.Coming into today, shares of the aerospace and defense company had gained 4.06% in the past month. In that same time, the Aerospace sector lost 3.76%, while the S&P 500 gained 1.65%.Market participants will be closely following the financial results of Lockhe ...