Ken Ishii/Getty Images News With Japan aggressively expanding its military budget to counter threats from China, Taiwan, North Korea, and Russia, I believe Lockheed Martin (NYSE:LMT) is perfectly positioned to capitalize on over $8 billion in new defense contracts. I am bullish on Lockheed stock as these geopolitical tensions escalate, and I believe there's more upside to its stock price than current estimates imply. For these reasons, I rate Lockheed Martin as a compelling "Buy" in light of these devel ...

Lockheed Martin (LMT) closed the most recent trading day at $457.84, moving -1.15% from the previous trading session. This change lagged the S&P 500's 0.37% loss on the day. Meanwhile, the Dow lost 0.62%, and the Nasdaq, a tech-heavy index, lost 0.19%.Heading into today, shares of the aerospace and defense company had gained 3.64% over the past month, outpacing the Aerospace sector's loss of 1.36% and the S&P 500's gain of 1.56% in that time.The investment community will be closely monitoring the performanc ...

Lockheed Martin Corp.’s (LMT) Aeronautics business segment recently secured a modification contract involving its F-35 fighter aircraft. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.Details of the DealValued at $97.4 million, the contract is expected to be completed by March 2026. The latest modification offers Lockheed options to provide for the early development of AGM-88G High Speed Anti-Radiation Missile integration on the F-35A/B/C aircraft.The contract will serve the ...

BETHESDA, Md., Jan. 16, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live its fourth quarter and full year 2023 earnings results conference call (listen-only mode) on Tuesday, Jan. 23, 2024 at 11 a.m. ET.  James Taiclet, chairman, president and chief executive officer; Jay Malave, chief financial officer; and Maria Ricciardone, vice president, Treasurer and Investor Relations, will discuss fourth quarter and full year 2023 results, provide updates on key topics and answer questions. Fourth ...

A new supersonic jet that could cut the flying time between London and New York to four hours has been unveiled by Lockheed Martin (NYSE:LMT) and US space agency NASA. Nicknamed “Son of Concorde”, the X-59 jet cruises at a speed of almost 940 miles an hour but unlike its predecessor doesn’t herald its presence with loud sonic booms as the sound barrier is broken. Costing US$247.5m to develop, the X-59’s relative quiet stems from engineering innovation that sees the nose account for a third of the plane’s le ...

Lockheed Martin officially introduced its experimental X-59 plane with NASA late last week. The supersonic aircraft, which debuted Friday at a joint event in California, was built to produce a "quieter sonic thump" comparable to the closing of a car door as opposed to a sonic boom as it surpasses the speed of sound to reach up to Mach 1.4, the company and NASA said.FOX Weather had earlier reported on Lockheed Martin and NASA’s plans to unveil the over 99-feet-long aircraft that has a 29-foot wing-span. "The ...

The Dow Jones Industrial Average, or the Dow, is an index composed of 30 distinguished companies from the U.S. exchanges. It's widely covered and viewed as a gauge for the health of the broader U.S. stock market.Do you want to beat the Dow? The defense and aerospace company Lockheed Martin (LMT 2.22%) has made it look easy for years.What's the secret? Cash-gushing dividends are a crucial ingredient to Lockheed Martin's success. Will it continue?Here is what the evidence says.An investment in America's defen ...

PALMDALE, Calif., Jan. 12, 2024 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE: LMT) rolled out the X-59, a unique experimental aircraft designed to quiet the sonic boom, at a ceremony in Palmdale, California. The ceremony marked a significant milestone in Lockheed Martin's and NASA's decades-long journey to solve one of the most persistent challenges of supersonic flight – the sonic boom. Lockheed Martin Skunk Works® rolled out the X-59, a unique experimental aircraft designed to quiet the sonic boo ...

Shares in defense giant Lockheed Martin (LMT -0.20%) declined 6.8% last year, according to data provided by S&P Global Market Intelligence. It's a notable underperformance compared to the S&P 500's 24.2% gain on the year and reflects that the company entered 2024 with much more uncertainty than it entered 2023.How Lockheed Martin entered 2023On the face of it, Lockheed Martin's outlook hasn't changed much. Management started 2023 forecasting full-year sales of $65 billion to $66 billion, segment operating p ...

2023 was a year when growth outperformed value by a huge margin, led by the technology-heavy Nasdaq 100. However, in 2024, there might be a reversal of fortunes, given the numerous headwinds on the horizon. Thus, you should consider some smart investor stocks to weather the potential market turmoil.2024 might be a challenging year, considering the macro and geopolitical backdrop. First, the Federal Reserve rate-cutting decision is key. In their December 2023 meeting, they indicated the likelihood of three c ...