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 ...

Heightened geopolitical tensions and a rising number of major active wars ranging from Ukraine, across the Middle East and Africa, and on to Myanmar have, in recent years, given various defense companies – and their stocks – a significant boost.In the last 30 days, Lockheed Martin (NYSE: LMT), in particular, has seen positive stock market action, driven by an impressive earnings report in July, approval of sales of military hardware worth some $20 billion to Israel, continued operations in Ukraine, and the ...

For years, United States politicians have built a reputation for favoring defense stocks, coinciding with escalating global geopolitical tensions.Among the preferred stocks is Lockheed Martin (NYSE: LMT), a leading global aerospace, defense, and security company. The equity has soared significantly in recent months, closing at $556 on August 12. Year-to-date, LMT is up over 22%, and the stock has surged 20% in the last month alone.Consequently, these stock returns have translated into notable profits for se ...

The defense company has increased its dividend for the last 21 years.Investors often choose U.S. defense stocks because they are attached to relatively safe companies. The U.S. government is a reliable customer, and there's no shortage of geopolitical tensions driving increased demand for defense spending around the globe. Moreover, stocks like Lockheed Martin (LMT -0.01%) tend to pay growing dividends.The chart below shows the stock's dividend-per-share, earnings-per-share, and free-cash-flow-per-share rat ...

The latest operating and financial trends confirm a strong start to 2024.Shares of Lockheed Martin (LMT -0.01%) have managed to hold on to a big rally this year through the recent round of extreme market volatility. The stock is up about 21% in 2024, sitting near an all-time high, even as the S&P 500 has pulled back by more than 7% from its peak in recent weeks.That dynamic is great news for investors, suggesting the stock remains well supported by strong fundamentals and a positive outlook. In this case, t ...

Earnings season continues to roll along, with the period overall showing positivity and resilience.For the roughly 90% of S&P 500 companies that have reported Q2 results, total earnings are up +10.6% from the same period last year on +5.2% higher revenues, with 79.8% beating EPS estimates and 59.2% beating revenue estimates. (As of August 7th.)Including the expectations for those that have yet to report, 2024 Q2 earnings are expected to be up 11% on 5.4% higher revenues.Image Source: Zacks Investment Resear ...