Lockheed Martin Corporation’s (LMT) business unit, Aeronautics, recently clinched a modification contract involving its F-35 fighter jet program. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.Details of LMT’s DealValued at $11.76 billion, the contract is expected to be completed by June 2027. Per the terms of the deal, Lockheed Martin will produce and deliver 145 F-35 jets, which will include all three variants of the F-35 aircraft program. LMT will also provide tooling sup ...

Aerospace and defense stock Lockheed Martin Corp (NYSE:LMT) is in the midst of a downtrend, with losses stacking up after the company missed revenue expectations in late October. Shares were last seen 0.8% lower at $485.15, and are pacing for their 15th loss in 20 sessions. The equity has shaved its year-to-date gain to just 6.8% after erasing 17.2% this quarter, but the silver lining is that this drawdown presents a unique buying opportunity, according to historical trends.Per Schaeffer's Senior Quantitati ...

Lockheed Martin Corporation (LMT) recently launched Astris AI, a new subsidiary created to help U.S. defense industrial base and commercial industry sectors that have high assurance requirements use Artificial Intelligence (AI) in their operations in a simple and secure way.More on Astris AIAstris AI will focus on delivering reliable and secure AI/ machine learning (ML) solutions to help organizations manage the challenges of developing advanced technologies. Its offerings will include Lockheed’s proven AI ...

Company Overview - Lockheed Martin Corp. (LMT) has secured a modification contract for the Precision Strike Missile (PrSM) valued at $59.2 million, expected to be completed by September 30, 2027, with work executed in Grand Prairie, TX [1] - The PrSM is a long-range missile designed for the U.S. Army, capable of neutralizing targets beyond 310 miles, enhancing the Joint Force Commander's range, lethality, survivability, and missile loadout [2][3] Industry Trends - Increasing geopolitical tensions and regional conflicts are driving nations to enhance their defense capabilities, leading to significant investments in advanced missile systems [4] - The missile and missile defense systems market is projected to witness a CAGR of 5% from 2024 to 2029, presenting growth opportunities for Lockheed Martin [5] Competitive Landscape - Lockheed Martin's Missiles and Fire Control unit is a recognized developer of high-performance missiles, with major programs including the Patriot Advanced Capability-3 and Terminal High Altitude Area Defense [6] - Other defense companies benefiting from the expanding missile market include Boeing, Northrop Grumman, and RTX Corporation, each with notable growth rates and product offerings [7][8][9][10][11] Stock Performance - Over the past six months, Lockheed Martin shares have increased by 3.6%, contrasting with a 2.9% decline in the industry [12]

Core Viewpoint - Lockheed Martin has experienced a significant decline in market capitalization, dropping 21.56% from its all-time high, raising concerns among investors about future performance [1][4]. Group 1: Market Performance - Lockheed Martin's stock reached an all-time high of $614.61 on October 20, 2024, but has since fallen to $482.06, resulting in a $30 billion decrease in market capitalization, from $145.83 billion to $114.47 billion [1][4]. - Despite the recent downturn, Lockheed Martin's stock is still up 5.88% year-to-date [4]. Group 2: Factors Influencing Stock Decline - Profit-taking at the all-time high is a primary factor contributing to the stock's decline [4]. - The re-election of Donald Trump has negatively impacted Lockheed Martin, particularly due to the influence of Elon Musk, who has criticized traditional manned aircraft and suggested the potential obsolescence of Lockheed's business model [4]. - The Q3 2024 earnings report showed a beat in earnings per share but revenues fell short of expectations, leading to a consistent downward trend in stock price [4]. Group 3: Potential for Recovery - The current market fear surrounding Lockheed Martin may be exaggerated, as the company plays a crucial role in national defense and military technology [6]. - Lockheed Martin has numerous multi-year contracts that support the operational readiness and modernization of U.S. and allied military forces [7]. - The Department of Government Efficiency (DOGE), led by Musk, is an advisory body without the power to enforce changes, suggesting that the impact on Lockheed Martin may be limited [7].

Group 1: Company Overview - Lockheed Martin Corp. (LMT) has secured a contract worth $73.1 million from the Naval Sea Systems Command to support MK 41 Vertical Launching System (VLS) modules and ancillary equipment, with completion projected by December 2026 [1] - The MK-41 VLS is a multi-missile storage and firing system designed for surface ships, supporting various missile types for different warfighting domains, and has been deployed by 13 navies across 26 ship classes and 180 ships globally [2] Group 2: Industry Trends - Increasing geopolitical tensions and regional conflicts are driving nations to enhance their defense capabilities, leading to significant investments in advanced missile systems [3] - The missile and missile defense systems market is expected to grow from $13.51 billion in 2024 to $17.22 billion by 2029, reflecting a CAGR of 5%, which presents growth opportunities for Lockheed Martin [4] Group 3: Competitive Landscape - Northrop Grumman (NOC) is positioned to benefit from the expanding missile market, with a long-term earnings growth rate of 19.1% and a projected 5.3% sales growth in 2024 [6][7] - RTX Corporation (RTX) is recognized for its missile defense systems, with a long-term earnings growth rate of 10.2% and a forecasted 7.2% sales growth in 2024 [8] - Boeing Company (BA) has a long-term earnings growth rate of 19.3% and is expected to see a 23.5% sales growth in 2025 [10] Group 4: Stock Performance - Lockheed Martin shares have increased by 7.8% over the past six months, contrasting with a 2.3% decline in the industry [11]

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Lockheed Martin Corporation’s (LMT) business unit, Sikorsky, recently secured a modification contract to provide full funding for UH-60M and HH-60M Black Hawk helicopters. The award has been provided by the Army Contracting Command, Redstone Arsenal, AL.Valued at $375.9 million, the contract is expected to be completed by Dec. 31, 2027. The work related to this contract will be carried out in Stratford, CT.What’s Favoring LMT Stock?With countries worldwide enhancing their defense capabilities, spending on a ...

Core Insights - Lockheed Martin (NYSE: LMT) has demonstrated steady revenue growth and a strong backlog over the past year, resulting in a total return of 16% [2]. Group 1: Company Performance - Lockheed Martin has maintained respectable results, continuing its trend of revenue growth [2]. - The company has a sturdy backlog, indicating strong future revenue potential [2]. Group 2: Investment Perspective - The valuation of Lockheed Martin remains attractive, making it a potential investment opportunity for those seeking defensive stocks [2].

Share Price Performance - Lockheed Martin Corp (LMT) gained 13 2% in share price in 2024 outperforming the Zacks aerospace-defense industry's decline of 10 8% and the broader Zacks Aerospace sector's fall of 2% [1] - LMT outperformed defense peers General Dynamics (GD) and Northrop Grumman (NOC) which rose 4 1% and 2 6% respectively while Boeing (BA) lost 37% [3] Growth Catalysts - Global conflicts such as the Russia-Ukraine war and Middle East unrest have driven increased defense spending benefiting LMT [4] - European NATO members increased defense budget allocation for procurement and R&D to 32% in 2024 up from 15% a decade ago [6] - India raised its defense budget by 4 5% to $75 billion for fiscal 2024-2025 [6] - LMT expanded infrastructure with an $18 million engineering facility in North Alabama and an advanced manufacturing center in Texas in 2024 [5] Financial Performance - LMT's operating cash flow rose 7 1% year over year to $5 9 billion in the first nine months of 2024 [8] - The company distributed $2 28 billion in dividends and repurchased 5 7 million shares valued at $2 7 billion as of Sept 29 2024 [8] - LMT has $10 3 billion in remaining authorization for share repurchases [8] - LMT's return on equity (ROE) outperforms the industry average [9] Backlog and Contracts - LMT's backlog stood at $165 69 billion as of Sept 29 2024 reflecting strong demand for its defense products [7] Future Estimates - LMT's 2025 top and bottom-line estimates suggest year-over-year improvements of 3 9% and 5 1% respectively [11] - Zacks Consensus Estimate for 2025 sales is $74 08 billion with a year-over-year growth estimate of 3 94% [12] - Zacks Consensus Estimate for 2025 earnings is $28 05 with a year-over-year growth estimate of 5 10% [12] Price Target - The current average price target for LMT is $607 33 representing a 19 08% upside from the last closing price of $510 01 [13][15][16] Industry Position - LMT carries a Zacks Rank 3 (Hold) and a VGM Score of B indicating solid growth potential [18]