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Why Lockheed Martin Stock Flew Higher on Friday
The Motley Fool· 2025-03-07 23:31
Group 1 - Lockheed Martin's shares rose nearly 3% following an analyst's price target increase, outperforming the S&P 500's less than 0.6% gain [1] - Wells Fargo analyst Matthew Akers raised Lockheed Martin's price target to $476 per share from $468, maintaining an equal weight (hold) recommendation [2] - The price target adjustment is influenced by growing interest in U.S. defense stocks from international markets, although current interest remains muted [3] Group 2 - The Trump administration's Department of Government Efficiency (DOGE) is implementing staffing and budget cuts across federal agencies, creating uncertainty for companies reliant on government contracts [4][5] - The defense and aerospace industries are particularly affected due to their reliance on military contracting [5] - There is investor hesitation regarding the U.S. defense sector amid ongoing uncertainty about the extent of DOGE's cuts [6]
Lockheed Secures a $127M Contract to Aid F-35 Jet Program
ZACKS· 2025-03-06 17:25
Lockheed Martin Corporation’s (LMT) Aeronautics business segment recently clinched a modification contract to support the F-35 jet program. The award has been provided by the Naval Air Systems Command, Patuxent River, MD.Details of LMT’s DealValued at $127 million, the contract is expected to be completed by March 2026. Per the terms of the deal, Lockheed will provide continued flight test support, which includes administrative, maintenance and test preparation for training systems labs, flight test labs an ...
Firefly Aerospace Ready to Launch Alpha FLTA006 for Lockheed Martin's LM 400 Spacecraft No Earlier Than March 15
GlobeNewswire News Room· 2025-03-06 16:31
Core Insights - Firefly Aerospace is set to launch its Alpha Flight 6 mission, named "Message in a Booster," for Lockheed Martin, scheduled for March 15, 2025, with a launch window opening at 6:25 am PST [1][2] - This mission marks the second collaboration between Firefly and Lockheed Martin, part of a multi-launch agreement that could encompass up to 25 missions over the next five years [2] - The Alpha rocket is capable of lifting over 1,000 kg to low Earth orbit, showcasing Firefly's commitment to providing responsive and reliable space services [2] Company Overview - Firefly Aerospace is an end-to-end responsive space company based in central Texas, focusing on delivering rapid, reliable, and affordable space access for both government and commercial customers [5] - The company offers a range of services including small- to medium-lift launch vehicles, lunar landers, and orbital vehicles, positioning itself as a single source for missions from low Earth orbit to the Moon and beyond [5] Mission Details - The LM 400 spacecraft, which will be launched, is Lockheed Martin's most flexible satellite bus, designed for various missions including remote sensing, communications, imaging, and radar [3] - The LM 400 is a self-funded technology demonstration aimed at risk reduction and pathfinding efforts, capable of operating in low, medium, and geosynchronous Earth orbits [3]
Lockheed Martin's LM 400 Tech Demo to Prove Out Design and Risk Reduction Efforts on Orbit
Prnewswire· 2025-03-06 01:59
Spacecraft ready for launch as early as March 15VANDENBERG SPACE FORCE BASE, Calif., March 5, 2025 /PRNewswire/ -- The latest self-funded technology demonstration from Lockheed Martin (NYSE: LMT) is ready to launch no earlier than March 15.In the weeks ahead, the LM 400 technology demonstration is planned to launch on a Firefly Aerospace Alpha rocket, which successfully passed its static fire test today. The technology demonstration arrived in California on March 1, and is now undergoing pre-launch payload ...
Raytheon vs. Lockheed Martin: Which Stock Has More Upside?
MarketBeat· 2025-03-05 13:28
Defense stocks took a tumble heading into 2025 as President Trump returned to the White House for his second term. Trump has stated his intent as a peacemaker to bring the wars in Ukraine and Israel to a halt. While this is good news to the people and the countries, it also means potentially less money will be spent on weapons and defense budgets, ultimately leading to a deceleration in revenue growth for defense contractors. Add in the effects of the Department of Government Efficiency’s (DOGE) efforts to ...
Lockheed's Arm Secures a Contract to Support Sonar Systems
ZACKS· 2025-03-04 17:05
Lockheed Martin Corporation’s (LMT) unit, Rotary and Mission Systems, recently clinched a modification contract to exercise options for the procurement of hardware spares to support the U.S. Navy’s Sonar systems. The award has been offered by the Naval Sea Systems Command, Washington, D.C.Valued at $12.3 million, the contract is expected to be completed by September 2030. The majority of the work related to this deal will be executed in Manassas, VA, and Clearwater, FL.LMT Stock’s Growth ProspectsWith the r ...
Lockheed Martin plans to unveil ‘affordable' $150,000 cruise missile
New York Post· 2025-03-03 22:11
Core Viewpoint - Lockheed Martin is set to introduce a new "affordable" cruise missile priced at approximately $150,000, with a range exceeding 500 miles, aimed at addressing U.S. defense needs against Chinese ambitions in the Pacific [1] Group 1: Product Overview - The Common Multi-Mission Truck (CMMT) missile concept is designed to create a family of low-cost modular weapons utilizing existing components from Lockheed and its partners [2] - The CMMT missile aims to bridge the gap between lower-cost standoff glide weapons and more expensive cruise missiles, as stated by Scott Callaway, Director of Affordable Mass at Lockheed Martin [4] - The CMMT is characterized as a subsonic, low-cost, long-range cruise missile, with its turbine engines being less competitive compared to higher-end missiles like the AGM-158 Joint Air-to-Surface Standoff Missile, which costs over $1.5 million [5] Group 2: Production and Variants - If the Pentagon opts to purchase the CMMT, Lockheed Martin could potentially produce 2,500 units annually once a production line is established [4] - The CMMT is designed to be modular, allowing for various mission-specific variants, including longer-range versions deployable from aircraft such as the C-17, fighters, and bombers, as well as a maritime strike variant [7] - The basic air vehicle of the CMMT is competitively priced at $150,000 per unit, according to Lockheed Martin [8]
F-35 Global Fleet Dominates the Sky, Surpasses 1 Million Flight Hours
Prnewswire· 2025-03-03 17:16
Core Insights - The global F-35 fleet has surpassed 1 million flight hours, demonstrating the program's strength in maintaining air dominance for the U.S. and allied forces [1][2] - The achievement reflects the dedication of pilots, maintainers, industry partners, and international allies, emphasizing the F-35's unmatched capabilities and resilience [1] - The F-35 program is focused on enhancing capabilities to stay ahead of adversarial threats, with all variants now having completed combat operations [2][3] Company Overview - Lockheed Martin is a global defense technology company committed to innovation and advancing scientific discovery, providing transformative technologies for security [5] - The F-35 is positioned as the backbone of allied forces, contributing to peace through strength in the 21st century [2][4] - The company aims to ensure the F-35 maintains its air superiority role while integrating with other platforms, including future drone capabilities [3]
Lockheed Martin, Nokia, and Verizon Advance Defense Capabilities Through 5G.MIL® Collaboration
Prnewswire· 2025-03-02 13:00
Core Insights - The successful integration of Nokia's military-grade 5G solutions with Lockheed Martin's 5G.MIL Hybrid Base Station enhances the interoperability of commercial 5G connections with military communications systems, crucial for national defense [1][2][3] Group 1: Strategic Collaboration - Lockheed Martin, Nokia, and Verizon are collaborating to ensure seamless data routing in military operations, enhancing situational awareness and decision-making [2][6] - The integration demonstrates Nokia's flexibility in meeting defense demands while ensuring security and efficiency [2][3] Group 2: Technical Integration - Recent demonstrations showcased the interoperability of Nokia's 5G solutions with Verizon's network management, allowing for rapid integration of advanced capabilities into Lockheed Martin's systems [3][4] - The integration allows users to switch between commercial 5G and tactical LPx waveforms without interruption, enhancing operational capabilities [5] Group 3: Future Developments - The collaboration will continue to evolve with the incorporation of new technology advancements at Lockheed Martin's 5G.MIL Experimental Network site in Florida, enhancing military and national security operations [6][7] - Future efforts will focus on expanding hybrid network testing and improving interoperability across various tactical communication systems [6][7]
Lockheed Launches New Defense System: Time to Buy the Stock or Let Go?
ZACKS· 2025-02-27 15:50
Lockheed Martin Corp. (LMT) has recently launched a scalable, layered defense system to counter evolving small Unmanned Aerial System (“UAS”) threats. In a recent company-funded field demonstration, the system successfully detected, tracked, and mitigated both individual drones and swarms.This modular, open-architecture solution integrates AI-driven detection and tracking software, low-cost sensors, and advanced effectors with combat-proven command and control (C2) technology. Designed for rapid deployment ...