BETHESDA, Md., Oct. 1, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live its third quarter 2024 earnings results conference call (listen-only mode) on Tuesday, October 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 third quarter 2024 results, provide updates on key topics and answer questions. Third quarter 2024 results will be ...

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Lockheed Martin Corporation (LMT) recently secured a modification contract valued at $42 million to provide HELLFIRE II Missiles and Joint Air-to-Ground Missiles (JAGM). The work related to this deal will be carried out in Orlando, FL, and is projected to be completed by Sept. 30, 2027.The award has been provided by the U.S. Army Contracting Command, Redstone Arsenal, AL.What’s Favoring LMT?With countries worldwide enhancing their defense capabilities, spending on advanced military arms and ammunition has b ...

The defense sector consists of companies that provide military goods and services, which include aerospace and defense manufacturing, cybersecurity, and advanced technologies. This sector is popular for its stability because it is often backed by government defense spending. This tends to remain consistent regardless of economic conditions. Stocks in this sector, such as those of companies producing military aircraft, vehicles, weaponry, and surveillance technology, can fall under the category of less sensi ...

Solid growth looks assured for the next few years, but what happens after that is questionable.Whether the company is a buy is an interesting question, because it strikes at the heart of the bull-and-bear debate over Lockheed Martin (LMT 1.19%) stock. Here's how long-term investors should think about investing in the defense contractor.Buying Lockheed Martin stockInvestors often like buying stock in defense contractors because of the surety of their end market customers; after all, you can't get a more reli ...

Lockheed Martin Corp. (LMT) recently announced that it clinched a contract worth $297 million from NASA to design and construct next-generation GeoXO Lightning Mapper (“LMX”) instruments. The instrument will be delivered to the National Oceanic and Atmospheric Administration (“NOAA”).Per the terms of the deal, Lockheed will build two LMX instruments, with options for two additional instruments. The work related to this contract will be carried out in Lockheed Martin’s facility in Sunnyvale, CA.A Brief Note ...

Lockheed Martin Corp. (LMT) recently completed the risk reduction testing for the TPY-4 radar, thereby making progress in the Three-Dimensional Expeditionary Long-Range Radar (“3DELRR”) program. Notably, in February 2022, the U.S. Air Force selected Lockheed as the primary contractor for the 3DELRR program to provide a radar that will perform long-range detection of both air-breathing threats and theater ballistic missiles. The selection of Lockheed as the provider of the radar under the 3DELRR program, whi ...

Next-Generation GeoXO Lightning Mapper enhances capabilities of NOAA's next-generation weather satellite systemDENVER, Sept. 18, 2024 /PRNewswire/ -- NASA has awarded Lockheed Martin (NYSE: LMT) a contract to design and build the next-generation GeoXO Lightning Mapper (LMX) instruments for the National Oceanic and Atmospheric Administration (NOAA). The baseline contract is valued at approximately $297 million for two instruments with options for two additional instruments.The Capabilities An improvement fro ...

Lockheed Martin Corp.’s (LMT) business unit, Sikorsky Aircraft, recently secured a modification contract, worth $23.1 million, involving the VH-92A Patriot in-service helicopter. The award has been offered by the Naval Air Systems Command, Patuxent River, MD. Per the terms of the deal, Lockheed will procure sustainment spares and provide repair support of aircraft components for the VH-92A helicopter. A major portion of the work related to this contract will be executed in Stratford, CT, and Woodlawn, WA.LM ...

Lockheed Martin (LMT) ended the recent trading session at $572.92, demonstrating a +0.53% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.13% for the day. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.52%.Shares of the aerospace and defense company have appreciated by 1.75% over the course of the past month, underperforming the Aerospace sector's gain of 3.14% and the S&P 500's gain of 3.67%.The upcoming earnings releas ...