Lockheed Martin Corporation (NYSE:LMT) UBS Global Industrials & Transportation Conference Call December 3, 2024 8:00 AM ET Company Participants Jesus Malave - Chief Financial Officer Conference Call Participants Amit Mehrotra - UBS Steve Fisher - UBS Gavin Parsons - UBS Amit Mehrotra To be opening our UBS Global Industrials & Transportation Conference here in beautiful West Palm Beach. My name is Amit Mehrotra. I'm the Electrical Equipment and Multi-Industry Analyst here at UBS. I'm joined on the stage by S ...

Lockheed Martin Corporation’s (LMT) business unit, Rotary and Mission Systems, has been awarded a modification contract of $579 million to support the Japan government’s Aegis System Equipped Vessel (ASEV) construction. The latest modification has brought the total value of the contract to $1.54 billion.Details of LMT’s DealPer the terms of the deal, Lockheed Martin will develop, test and integrate equipment, material, software and hardware end items for the ASEV and deliver the system to Japan.The work wil ...

Lockheed Martin Corp. (LMT) recently revealed that it has completed testing for its LM 400 space vehicle and is progressing toward its imminent launch. With the company steadily investing in its technology demonstrations, this space vehicle is expected to embark on its journey in the first half of 2025. Impressively, LM 400 offers greater propulsion and better low-earth orbit (LEO), medium-earth orbit (MEO) and geosynchronous equatorial orbit (GEO) operability than others in its class. The recent news refle ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Lockheed Martin (LMT) .Lockheed currently has an average brokerag ...

Lockheed Martin Corp. (LMT) recently secured a contract worth $870 million involving its F-35 fighter jet program. The award has been offered by the Naval Air Systems Command, Patuxent River, MD. Details of the DealThe contract is expected to be completed by May 2031. Per the terms of the deal, Lockheed will procure long lead materials, parts, components and associated support for the F-35 aircraft of the 20th production lot.The contract will serve the U.S. Air Force, Navy, Marine Corps, non-U.S. Department ...

IOWA CITY, Iowa, Nov. 21, 2024 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE: LMT), in partnership with Lockheed Martin's Demonstrations and Prototypes organization and the University of Iowa's Operator Performance Laboratory (OPL), showcased a crewed-uncrewed teaming mission where an airborne battle manager issued real-time commands to AI-controlled aircraft through a touchscreen pilot vehicle interface (PVI).In a series of flight tests, the Skunk Works and OPL teams simulated an offensive counter air ...

Lockheed Martin Corporation (LMT) recently clinched a contract to provide logistics, repair and spare support for 161 MK-41 vertical launch system (VLS) components included in the Aegis combat system. The award has been provided by the Naval Supply Systems Command Weapon Systems Support, Philadelphia, PA. The contract is valued at $83.3 million. Work related to this contract will be executed in Moorestown, NJ, and is projected to be completed by November 2029.What’s Favoring LMT?As nations continue to stren ...

Defense stocks are in focus as the war between Russia and Ukraine reaches its 1,000th day. Tensions are on the rise, with Russian President Vladimir Putin warning the U.S. of a new nuclear doctrine, after U.S. President Joe Biden allowed Ukraine to use U.S.-made weapons to strike Russia. Plus, Wall Street has been considering how the new administration under Trump will shake up the sector, with Goldman Sachs today remarking how some could take a hit from spending cuts. Lockheed Martin Corp (NYSE:LMT) is inc ...

Lockheed Martin has a chance to win back some of the space revenue it's losing. Do not say you were not warned. In June, I highlighted a change in the Pentagon's plans for its Space Based Infrared System (SBIRS) -- a set of massive five-ton early warning missile detection satellites circling the Earth in polar and geostationary orbits -- as posing a risk to the space businesses of both Lockheed Martin (LMT -0.72%) and Northrop Grumman (NOC -1.07%). Both companies had earlier won multibillion-dollar contract ...

Lockheed Martin Corp. (LMT) recently clinched a modification contract to supply fuse/warhead body assemblies for Stinger missiles. The award has been offered by the Army Contracting Command, Newark, NJ. Valued at $139 million, the contract is expected to be completed by Nov. 30, 2027.LMT’s Place in Missile MarketLockheed Martin, a renowned manufacturer of stealth and agile military aircraft, is also a well-known producer of combat-proven missiles that are being used by nations across the globe. For instance ...