Lockheed Martin Corporation (LMT) recently secured a modification contract for the Precision Strike Missile (PrSM) early operational capability Lot 3 requirement.  The deal has been given by the Army Contracting Command, Redstone Arsenal, AL.Valued at $219.7 million, the contract is expected to be completed on Mar 6, 2026. The work related to this contract will be executed in Grand Prairie, TX.What’s Favoring Lockheed Martin?Lockheed Martin’s PrSM is a long-range precision-strike missile designed for the U. ...

Lockheed Martin Corp.’s (LMT) Aeronautics business segment recently secured a modification contract involving its F-35 fighter aircraft. The contract has been awarded by the Naval Air Systems Command, Patuxent River, MD.Details of the DealThe latest modification adds scope for Lockheed to provide non-recurring engineering and associated materials for power thermal management system controller, gun lube diminishing manufacturing sources and material shortages redesign effort to support the F-35 Joint Strike ...

With the machines taking over, it seems only appropriate to ask ChatGPT what it thinks about space stocks to buy. Specifically, which ideas in the public market command 10X potential given several years to work with? I was a bit surprised at the answers.Let’s back up for a moment. According to ChatGPT, “[t]he space industry is experiencing rapid growth driven by advancements in technology, increasing private sector involvement, and government support for space exploration and commercialization.” Therefore, ...

Lockheed Martin Corp.’s (LMT) business segment, Space Systems, recently clinched a contract involving its Trident II (D5) Missile. The award has been provided by the Strategic Systems Programs, Washington, D.C.Details of the DealValued at $109.2 million, the contract is projected to be completed by Feb 28, 2029. Per the terms of the deal, Lockheed will support the integration of the Trident II (D5) Missile and reentry subsystems into the Common Missile Compartment for the U.S./U.K. Columbia/Dreadnought subm ...

Cathy Hackl is a futurist, Apple Vision Pro developer, and co-author of the upcoming book, Spatial Computing: An AI-Driven Business Revolution.Motley Fool host Deidre Woollard caught up with Hackl for a conversation about:How businesses, like Lockheed Martin and Lowe's, are already using spatial computing.The current challenges developing apps for the Vision Pro.Virtual air rights, digital fashion, and questions about the future of spatial computing.To catch full episodes of all The Motley Fool's free podca ...

Lockheed Martin Corporation’s (LMT)   segment, Rotary and Mission Systems (“RMS”), recently secured a modification contract for its AEGIS combat system. The award has been given by the Naval Sea Systems Command, Washington, DC.Details of the DealValued at $34.1 million, the contract is expected to be completed by January 2025. Per this deal, Lockheed Martin will exercise options for AEGIS development and test sites operation and maintenance at the combat systems engineering development site, SPY-1A test fac ...

The most recent trading session ended with Lockheed Martin (LMT) standing at $431.94, reflecting a +1.28% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.12%. Meanwhile, the Dow experienced a drop of 0.25%, and the technology-dominated Nasdaq saw a decrease of 0.41%.The aerospace and defense company's shares have seen an increase of 0.12% over the last month, not keeping up with the Aerospace sector's gain of 1.19% and the S&P 500's gain of 4.83%.The upcoming ...

Lockheed Martin Corporation (LMT) recently secured a modification contract for its F-35 Lightning II aircraft. The award has been given by Naval Air Systems Command, Patuxent River, MD.Details of the DealValued at $663.1 million, the contract is expected to be completed by June 2027. Per this deal, Lockheed will provide recurring logistics support to aid the F-35 Lightning II Joint Strike Fighter Air Systems’ sustainment efforts.These logistics support includes ground maintenance activities, action request ...

Lockheed Martin (LMT) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this aerospace and defense company have returned +0.7% over the past month versus the Zacks S&P 500 composite's +3.9% change. The Zacks Aerospace - Defense industry, to which Lockheed belongs, has gained 2.1% over this period. Now the key question is: Where could the stock be headed in the near term? ...

Company continues unprecedented progress to advance Next Generation Interceptor programHUNTSVILLE, Ala., Feb. 28, 2024 /PRNewswire/ -- In November 2023, Lockheed Martin (NYSE: LMT) successfully completed a Missile Defense Agency (MDA) acquisition milestone for the nation's modernized long range ballistic missile interceptor. The company completed the first Knowledge Point – known as KP1 – ahead of schedule, taking a major contractual step forward that allows its Next Generation Interceptor (NGI) program to ...