Lockheed Martin (LMT 0.23%) received some support recently, with a Citigroup analyst reiterating a buy recommendation and a price target of $508. Budget cuts coming?The stock had come under pressure after a Reuters article claimed that President Biden wants an 18% reduction in the number of F-35s the Pentagon orders next year as the administration looks to make savings to meet Congress spending caps.However, as the analyst notes, history suggests this kind of speculation isn't new, and the result is usually ...

Lockheed Martin Corporation (NYSE:LMT) TD Cowen 45th Annual Aerospace & Defense Conference February 14, 2024 10:00 AM ET Company Participants Jay Malave - Chief Financial Officer Conference Call Participants Cai von Rumohr - TD Cowen Cai von Rumohr Okay. So we're going to move on. We're delighted to have with us Lockheed Martin and their Jay Malave. And Jay, you're going to read a Reg FD statement to start. Jay Malave Statements made today that are not historical facts are considered forward-looking stateme ...

Lockheed Martin Corp.’s (LMT) Space business unit recently clinched a modification contract involving support for a missile flight test. The award has been offered by the Strategic Systems Programs, Washington, D.C.Details of the DealValued at $193.8 million, the contract is expected to be completed by Feb 25, 2025. Per the terms of the deal, Lockheed will provide design, development, build, and integration of equipment for missile flight test demonstrations and fielding.A major portion of the work related ...

Insider trading has been a significant problem in US politics, with various senators, representatives, and politicians seated in committees that grant them access to information that allows them to beat the market.In the midst of these, one trade raises suspicion, mainly because of the subsequent post from the same politician that may have grave and long-lasting consequences.Congresswoman Kathy Manning posted her reaction after the news of the killings of 3 US service members in Jordan, calling for holding ...

With a land war in Europe, a Red Sea conflict escalating by the day, and China's naval buildup causing nerves to jangle across Southeast Asia, you might think 2023 would have been a great year to be in the defensive weapons business. For defense contracting giant Lockheed Martin (LMT 0.08%), however, it was rather ho-hum.Reporting fourth-quarter (and therefore full-year) results last week, Lockheed Martin was forced to admit that 2023 sales inched up only 2.4% in comparison to 2022, to $67.6 billion. On pro ...

Lockheed Martin Corporation (LMT) recently received a Letter of Offer and Acceptance from the Czech Republic government for its 5th Generation F-35 Lightning II aircraft. This should expand LMT’s international revenues in the coming years.Czech Republic’s government intends to procure 24 F-35 Lightning II jets and will receive the first aircraft in 2031. Alongside, LMT will provide personnel training, service and logistical support, and other support services to the country. Significance of F-35The F-35 is ...

Lockheed Martin (LMT 0.86%) stock dropped after the defense company's recent results, but is that creating a buying opportunity? After all, the company is involved in multiyear programs with highly reliable customers in an environment of heightened geopolitical tensions. Let's look at the results so you can make an informed decision about the matter.Disappointing earningsThe earnings report was not good. I want to highlight three specific points, the first being seen in the table below. While sales growth i ...

Space exploration stocks represent the new frontier. These companies are pushing the boundaries of satellite technology, human spaceflight missions, and the exploration of Mars to help us potentially become a space-faring civilization.With space exploration stocks, I don’t believe their upside is fully priced into their current valuations. At its core, space flight is inherently speculative in its very earliest stages. Additionally, it’s difficult for investors to grasp the complex subject matter.But for th ...

The fourth-quarter earnings season has officially begun.Defense contractor Lockheed Martin (LMT -0.26%) was one of the first large stocks to report its earnings for the last three months of 2023, giving investors insights into the state of its business and the overall sector. Its shares have trailed the market in recent quarters, with the stock down 6% in the last 12 months, while stocks like the "Magnificent Seven" have soared.Lockheed Martin's Q4 earnings brought more of the same. Even though the company ...

Five years ago, then-President Donald Trump promised to put Americans back on the moon by 2024. Five years later, American astronauts are still cooling their heels down here on Earth. Although Artemis I successfully took off and flew to the moon in 2022, it didn't land on the moon, and there were no astronauts on board.Now it looks like we'll need to wait until 2026 (at the earliest) before we can land on the moon. When are we back on the moon, NASA?So what's the hold up? First and foremost, it's a question ...