Lockheed Martin Corp.’s (LMT) Space Systems business unit recently clinched a modification contract involving missile production. The award has been offered by the Strategic Systems Programs, Washington, D.C.Details of the DealValued at $99 million, the contract is expected to be completed by Feb 2, 2027. Per the terms of the deal, Lockheed will provide systems engineering, test planning and long lead material to support missile production.A major portion of the work related to this deal will be executed in ...

BETHESDA, Md., May 22, 2024  /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today announced its board of directors has elected Dr. Heather Wilson to the board, effective today. Dr. Wilson"Dr. Wilson's deep knowledge of our industry and extensive leadership experience will be a tremendous asset to our company as we continue to drive innovation and deliver 21st Century Security solutions to our customers," said Lockheed Martin Chairman, President and CEO Jim Taiclet. "Heather has a proven track record in governm ...

Lockheed Martin (LMT) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this aerospace and defense company have returned +1.3% over the past month versus the Zacks S&P 500 composite's +7.1% change. The Zacks Aerospace - Defense industry, to which Lockheed belongs, has gained 4.6% over this period. Now the key question is: Where could the stock be headed in the near term?Althoug ...

Lockheed Martin Corp. (LMT) recently clinched a modification contract for providing Multiple Launch Rocket System (MLRS) requirements. The award has been offered by Army Contracting Command, Redstone Arsenal, AL.Valued at $221.2 million, the contract is expected to be completed by Apr 30, 2028. The work related to this deal will be executed in Grand Prairie, New Boston, TX and Camden, AK.What’s Favoring Lockheed?Nations are reinforcing their military capabilities to strengthen their defense structure in the ...

Lockheed Martin Corp.’s (LMT) business segment, Aeronautics, recently secured a contract involving its F-35 fighter jet program. The award has been provided by the Naval Air Systems Command, Patuxent River, MD.Details of the DealValued at $79 million, the contract is expected to be completed by December 2024. Per the terms of the deal, Lockheed will procure diminishing manufacturing sources of parts required for the production and sustainment of F-35 jets.The work related to this contract will be executed i ...

Lockheed Martin Corp. (LMT) recently clinched a contract involving High Mobility Artillery Rocket Systems (HIMARS). The award has been provided by the Army Contracting Command, Redstone Arsenal, AL.Valued at $861.3 million, the contract is expected to be completed by May 31, 2026.  Per the terms of the deal, Lockheed will manufacture HIMARS and provide the supporting services associated with it.What’s Favoring Lockheed?Nations are reinforcing their military capabilities to strengthen their defense structure ...

Lockheed Martin Corp.’s (LMT) Missiles and Fire Control (MFC) business segment recently clinched a modification contract for the Guided Multiple Launch Rocket System (GMLRS). The award has been offered by the Army Contracting Command, Redstone Arsenal, AL.Valued at $332 million, the contract is expected to be completed by Oct 20, 2027. What’s Favoring Lockheed?Nations are reinforcing their military capabilities to strengthen their defense structure in the growing threat environment. In this context, increas ...

Lockheed Martin Corp (NYSE:LMT) has been a solid player in the aerospace and defense sector. But in the last two years, its stock hasn’t really gone anywhere, hovering around $465. That raises a big question: Is it still a good buy?Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.With a market value topping $110 billion, there’s no doubt that Lockheed Martin is a defense giant. They make all sorts of important military stuff, from cutting-edge aircraft ...

After integration with Elsight Halo, the Indago 4 completed its first BVLOS (beyond visual line-of-sight) flight with enhanced capabilities for wider situational awareness OR YEHUDA, Israel, May 7, 2024 /PRNewswire/ -- During a strategic collaboration exercise, Elsight's (ASX: ELS) Halo connectivity platform was rapidly integrated with Lockheed Martin (NYSE: LMT) Indago 4 Uncrewed Aerial System (UAS) to complete BVLOS (beyond visual line-of-sight) flights with enhanced capabilities and expanded operational ...

Lockheed Martin's open systems architecture is advancing the future of AI-enabled autonomous flight with human oversight EDWARDS AIR FORCE BASE, Calif., May 3, 2024  /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE: LMT) joined the U.S. Air Force Test Pilot School and other government and industry partners in hosting U.S. Secretary of the Air Force Frank Kendall to fly in the X-62A Variable In-flight Simulation Test Aircraft (VISTA), a one-of-a-kind aircraft modified to test artificial intelligence (AI) a ...