luca luigi chiaretti/iStock Editorial via Getty Images In April, I reiterated my buy rating for Lockheed Martin (NYSE:LMT) stock with a $499 price target despite the stock having dropped post-earnings. Fast forward to August and the stock is trading at $555 per share after reporting its second quarter results trading 20% higher easily outperforming the stock markets. In this report, I will be discussing the most recent earnings, the updated outlook, assess the risk and opportunities and update my price ...

By waiting until its target had no other option but to say "yes," Lockheed Martin got a great price on Terran Orbital.Patience, as the saying goes, is a virtue. It also turns out to be quite useful if you're reluctant to overpay for a stock -- as defense and aerospace giant Lockheed Martin (LMT -0.36%) just discovered.It's been five months now since Lockheed Martin first expressed interest in buying tiny Terran Orbital (LLAP -3.84%), a one-time SPAC company that grew into a key subcontractor of satellites f ...

Lockheed Martin Corp.’s (LMT) business unit, Sikorsky, recently clinched a contract to conduct configurations for various H-60 Black Hawk helicopters. Work related to this deal is expected to be completed by Aug 21, 2029. Valued at $97.3 million, the contract has been awarded by the Army Contracting Command, Redstone Arsenal, AL.What Offers Lockheed an Edge?Lockheed's H-60 fleet of Black Hawk multirole helicopters is a vital asset for the U.S. military and the armed forces of 34 other nations. Equipped with ...

A month has gone by since the last earnings report for Lockheed Martin (LMT) . Shares have added about 7.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Lockheed due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Lockheed Beats on Q2 Earnings, Ups '24 Sales ViewLock ...

Lockheed Martin (LMT) closed the most recent trading day at $553.76, moving -0.58% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.42% for the day. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 0.57%.Coming into today, shares of the aerospace and defense company had gained 11.11% in the past month. In that same time, the Aerospace sector gained 7.1%, while the S&P 500 gained 1.77%.Investors will be eagerly watching for the perfor ...

Lockheed Martin Corp. (LMT) recently signed a contract to acquire a manufacturer of satellite products, Terran Orbital. The acquiree offers satellite-based solutions that serve the aerospace and defense industry.The acquisition has an estimated enterprise value of $450 million. For each outstanding share of common stock, Lockheed Martin will pay 25 cents in cash to purchase Terran Orbital and pay off its current debt. The buyout is expected to be completed in the fourth quarter of 2024.Benefits of the Acqui ...

Lockheed Martin Corp.’s (LMT) shares surged an impressive 23.6% in the year-to-date period, outperforming the Zacks Aerospace-Defense industry, the broader Zacks Aerospace sector and the S&P 500. As the largest defense contractor in the United States, Lockheed rides on its solid presence in both domestic and international defense space, innovative products in the pipeline as well as a solid financial position.A similar stellar performance has been offered by other defense players, such as RTX Corp. (RTX) , ...

Lockheed Martin NYSE: LMT has experienced a significant surge this year, climbing nearly 24% year-to-date and an impressive 20% this quarter alone, despite the broader market's recent pullback. This extraordinary rally has positioned LMT as a standout performer amidst ongoing market turbulence and uncertainty, even considering the market's recent rally, driven by escalating geopolitical tensions and the company's successful digital transformation efforts. Lockheed Martin TodayLMTLockheed Martin$559.86 -0.43 ...

The defense contractor recently received some good news that could make it a smart buy today.Geopolitical tensions have been on the rise in recent years, especially with the conflicts in Ukraine and the Middle East. One might expect that defense contractors have delivered outsize returns, but that just hasn't been the case.Take Lockheed Martin (LMT -0.52%), for example. From the start of 2023 until just a few weeks ago, the stock hadn't gained any ground for investors. The company has faced challenges, incl ...

The defense sector is a necessity that offers steady long-term dividend opportunities.Unfortunately, the ongoing war in Ukraine and rising tensions in the Middle East after last year's terror attack on Israel are sad reminders of the brutality of war. America's influence in the world's political landscape tends to pull the country into these situations.It can be hard to get past the humanitarian consequences of war, and investing in the companies that develop and sell the weapons and technology used to prot ...