As we venture into June 2024, the space industry continues to capture the imagination of investors and enthusiasts alike. With the global space economy projected to triple to $1 trillion by 2040, the potential for growth is immense. Innovation in this sector is also expected to grow. In this article, we will delve into three of the best space stocks that are making waves in the industry.Each of these companies brings a unique perspective and approach to the space sector, from established aerospace giants to ...

Lockheed Martin Corp. (LMT) recently secured a modification contract for High Mobility Artillery Rocket Systems (“HIMARS”). The award has been provided by the Army Contracting Command, Redstone Arsenal, AL.Valued at $1.93 billion, the contract is expected to be completed by May 31, 2028. What’s Favoring Lockheed?Nations across the globe are reinforcing their military capabilities to strengthen their defense structure in the rapidly evolving threat environment worldwide. Since missiles play a very important ...

IOWA CITY, Iowa, June 5, 2024 /PRNewswire/ -- Lockheed Martin Skunk Works® (NYSE: LMT) partnered with the University of Iowa's Operator Performance Laboratory (OPL) to demonstrate the use of artificial intelligence (AI) in air-to-air intercept scenarios.Two University of Iowa Operator Performance Laboratory L-29 Delfin jets conduct simulated air-to-air intercepts using AI as part of flight demonstrations in partnership with Lockheed Martin Skunk Works. Photo by: University of Iowa’s Operator Performance Lab ...

Companies Ink Agreement to Help Bring New Tech to Orbit Faster and Increase Access to SpaceDENVER, June 5, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) signed an agreement with Firefly Aerospace, Inc., for up to 25 launches on the company's Alpha rocket through 2029.Under this agreement, Firefly will routinely launch a variety of future Lockheed Martin spacecraft, including new payload technologies, into low-Earth orbit from Firefly's facilities on the west and east coasts.Lockheed Martin benefits from ...

In the latest market close, Lockheed Martin (LMT) reached $467.60, with a -0.58% movement compared to the previous day. This change lagged the S&P 500's daily gain of 0.11%. On the other hand, the Dow registered a loss of 0.3%, and the technology-centric Nasdaq increased by 0.56%.The the stock of aerospace and defense company has risen by 1.83% in the past month, lagging the Aerospace sector's gain of 3.98% and the S&P 500's gain of 5.06%.Investors will be eagerly watching for the performance of Lockheed Ma ...

Lockheed Martin (LMT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this aerospace and defense company have returned +1.8% over the past month versus the Zacks S&P 500 composite's +5.1% change. The Zacks Aerospace - Defense industry, to which Lockheed belongs, has gained 2.9% over this period. Now the key question is: Where could the stock be headed in ...

Lockheed Martin Corporation (NYSE:LMT) Bernstein's 40th Annual Strategic Decisions Conference Call May 30, 2024 8:00 AM ET Company Participants Jay Malave - Chief Financial Officer Frank St. John - Chief Operating Officer Conference Call Participants Doug Harned - Bernstein Doug Harned Okay, great. Good morning. I'm Doug Harned, Bernstein's aerospace and defense analyst. I am really thrilled to have with us again Lockheed Martin. We've got with us today Frank St. John, the Chief Operating Officer of Lockhee ...

Lockheed Martin Corp.’s (LMT) business segment, Rotary and Mission Systems (RMS), recently clinched a modification contract to provide industrial post-delivery availability support for the Freedom-variant Littoral Combat Ship USS Cleveland (LCS 31). The award has been offered by the Naval Sea Systems Command, Washington, D.C.Valued at $22.7 million, the contract is expected to be completed by March 2025. Work related to this deal will be executed in Marinette, WI.What’s Favoring Lockheed?LCS is a class of s ...

Lockheed Martin Corp.’s (LMT) Space Systems business unit recently clinched a modification contract involving missile production. The award has been offered by the Strategic Systems Programs, Washington, D.C.Details of the DealValued at $99 million, the contract is expected to be completed by Feb 2, 2027. Per the terms of the deal, Lockheed will provide systems engineering, test planning and long lead material to support missile production.A major portion of the work related to this deal will be executed in ...

BETHESDA, Md., May 22, 2024  /PRNewswire/ -- Lockheed Martin (NYSE: LMT) today announced its board of directors has elected Dr. Heather Wilson to the board, effective today. Dr. Wilson"Dr. Wilson's deep knowledge of our industry and extensive leadership experience will be a tremendous asset to our company as we continue to drive innovation and deliver 21st Century Security solutions to our customers," said Lockheed Martin Chairman, President and CEO Jim Taiclet. "Heather has a proven track record in governm ...