Lockheed Martin Corp.’s (LMT) business unit, Aeronautics, recently clinched a modification contract to incorporate the advanced integrated defensive electronic warfare (EW) suite for F-16 aircraft. The award has been offered by the Air Force Lifecycle Management Center, F-16 foreign military sales (FMS) Contracting, Hill Air Force Base, UT.Valued at $28.4 million, the contract is projected to be completed by Dec. 30, 2029. Work related to this deal will be executed in Fort Worth, TX. The contract includes F ...

This company has durable long-term contracts that make its earnings highly predictable.Dividend investing is a tried-and-true strategy for building long-term wealth. It may not be as sexy as buying the hottest hyper-growth stocks or cutting-edge technology companies, but dividend stocks can be the tortoise that drives steady portfolio wealth when looking at a multi-decade period. And it does take time. For example, if you buy a dividend stock yielding 2% that grows its dividend per share by 6% per year, it ...

FORT WORTH, Texas, Oct. 9, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) announced today Chauncey McIntosh has been named vice president and general manager of the F-35 Lightning II Program, effective Dec. 1. McIntosh succeeds Bridget Lauderdale, who will be retiring at the end of the year following a 38-year career with the company.   Chauncey McIntoshMcIntosh, who most recently served as the vice president and deputy of the F-35 program, is an exceptional leader with more than 20 years of business, prog ...

Lockheed Martin Corporation (LMT) has secured a $1.17 billion contract to provide crucial fleet support for the Trident II Strategic Weapon System. Per the terms of the deal, Lockheed Martin will offer shipboard integration as well as support the development of navigation subsystems for the Trident II missile. Most of the work under this contract will take place in Mitchel Field, NY. The award has been provided by the Strategic Systems Programs, Washington, DC. The deal is expected to be completed by Sept. ...

With the wars in Ukraine and in the Middle East, we are in one of the most dangerous geopolitical environments in recent memory. One of the key beneficiaries of this environment is Lockheed Martin Corporation (I'm a technically-oriented Canadian investor with a focus on U.S. markets, particularly in tech and financials. I graduated with a Bachelor of Commerce Degree with Distinction, with a major in Finance. I'm also a proud lifetime member of the Beta Gamma Sigma International Business Honour Society.Analy ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...

Lockheed Martin Corporation (LMT) with its strong backlog, rising earnings and sales estimates, robust ROE and high solvency, offers a great investment opportunity in the Zacks Aerospace sector.The company currently carries a Zacks Rank #2 (Buy). Let’s look at the factors that are driving the stock.LMT’s Growth Projections & Surprise HistoryThe Zacks Consensus Estimate for LMT’s 2025 earnings per share (EPS) is pinned at $28.87, which indicates year-over-year growth of 8.9%.The consensus estimate for 2024 s ...

If you want full access to all our reports, data and investing ideas, join The Aerospace Forum , the #1 aerospace, defense and airline investment research service on Seeking Alpha, with access to evoX Data Analytics, our in-house developed data analytics platform.In August 2024, I shared my price targets for Lockheed Martin (NYSE: LMT ) and concluded that while Lockheed Martin stock is definitely not cheap when considering the company's valuation against the median EV/EBITDA multiple, compelling upside rema ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Lockheed Martin (LMT) .Lockheed currently has an average brokerag ...

Lockheed Martin Corp. (LMT) announced that its board of directors approved a 4.8% hike in its quarterly dividend to $3.30 per share, marking the 22nd consecutive annual dividend hike. The revised quarterly dividend is payable on Dec. 27, 2024, to shareholders of record at the close of the business on Dec. 2, 2024. The company's new annualized dividend rate is $13.20. The current dividend yield is 2.08%, better than the Zacks S&P 500 composite's 1.24%. Along with dividend payments, Lockheed's management cont ...