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 ...

The AI Expo for National Competitiveness to address America's readiness to lead in critical, emerging technologies May 7-8 in Washington, D.C.  ARLINGTON, Va., Feb. 28, 2024 /PRNewswire/ -- The Special Competitive Studies Project (SCSP), a non-partisan, non-profit project dedicated to strengthening America's long-term competitiveness in artificial intelligence (AI), announced today three additional sponsors of the AI Expo for National Competitiveness happening on May 7-8 at the Walter E. Convention Center i ...

In the latest trading session, Lockheed Martin (LMT) closed at $430.43, marking a +0.29% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.17%. Meanwhile, the Dow lost 0.25%, and the Nasdaq, a tech-heavy index, added 0.37%.Heading into today, shares of the aerospace and defense company had gained 0.27% over the past month, lagging the Aerospace sector's gain of 2.61% and the S&P 500's gain of 3.8% in that time.The investment community will be closely monitori ...

The world is a volatile place. Over the past few years, we’ve seen Russia invade Ukraine, various violent acts in the Middle East, and mounting tensions around Taiwan’s political status. All this has caused numerous countries to boost their military budgets to bolster their capabilities.This makes it an intriguing time for investors in defense contractors, aerospace firms, and other related companies.It’s not just terrestrial defense either. Investors should also be looking to the stars. Last week, Intuitiv ...

It has been about a month since the last earnings report for Lockheed Martin (LMT) . Shares have lost about 1% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Lockheed due for a breakout? 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 Q4 Earnings Beat Estimates, Sales Decli ...

In the latest market close, Lockheed Martin (LMT) reached $427.55, with a +0.77% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.13%. On the other hand, the Dow registered a gain of 0.13%, and the technology-centric Nasdaq decreased by 0.32%.The the stock of aerospace and defense company has fallen by 3.5% in the past month, lagging the Aerospace sector's gain of 1.7% and the S&P 500's gain of 2.99%.Market participants will be closely following the financial results o ...

guvendemir Introduction The aerospace & defense industry is one of the cornerstones of my research. Not only does it make sense to stay on top of important developments, given my >25% exposure to this industry, but I believe that (most) defense contractors offer terrific long-term value thanks to anti-cyclical demand, dominant supply chains, and a focus on shareholder value. My largest investment is Lockheed Martin (NYSE:LMT), which accounts for roughly 8% of my entire dividend growth portfolio. However ...

Lockheed Martin (LMT 0.23%) received some support recently, with a Citigroup analyst reiterating a buy recommendation and a price target of $508. Budget cuts coming?The stock had come under pressure after a Reuters article claimed that President Biden wants an 18% reduction in the number of F-35s the Pentagon orders next year as the administration looks to make savings to meet Congress spending caps.However, as the analyst notes, history suggests this kind of speculation isn't new, and the result is usually ...

Lockheed Martin Corporation (NYSE:LMT) TD Cowen 45th Annual Aerospace & Defense Conference February 14, 2024 10:00 AM ET Company Participants Jay Malave - Chief Financial Officer Conference Call Participants Cai von Rumohr - TD Cowen Cai von Rumohr Okay. So we're going to move on. We're delighted to have with us Lockheed Martin and their Jay Malave. And Jay, you're going to read a Reg FD statement to start. Jay Malave Statements made today that are not historical facts are considered forward-looking stateme ...

Lockheed Martin Corp.’s (LMT) Space business unit recently clinched a modification contract involving support for a missile flight test. The award has been offered by the Strategic Systems Programs, Washington, D.C.Details of the DealValued at $193.8 million, the contract is expected to be completed by Feb 25, 2025. Per the terms of the deal, Lockheed will provide design, development, build, and integration of equipment for missile flight test demonstrations and fielding.A major portion of the work related ...