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 ...

Lockheed Martin Corp. (LMT) recently secured a deal for three more TPY-4 radars from the Norwegian Defense Materiel Agency (“NDMA”), increasing the number of ground-based multi-mission radars for NDMA to 11.The extra order and the completion of the Critical Design Review are key steps forward, validating the radar’s importance in Norway's security.LMT’s High-Quality Radars With the fast growth of geopolitical tensions in recent years, governments throughout the world have significantly strengthened their mi ...

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 Corporation (NYSE:LMT) Morgan Stanley 12th Annual Laguna Conference September 12, 2024 3:15 PM ET Company Participants Jim Taiclet - Chairman, President & CEO Jay Malave - CFO Conference Call Participants Kristine Liwag - Morgan Stanley Kristine Liwag Hello. Good afternoon, everyone. I'm Kristine Liwag, Morgan Stanley's Aerospace and Defense Analyst. Very excited to host our next panel, Lockheed Martin. I'm pleased to have Jim Taiclet, Chairman and President and CEO of Lockheed; and Jay Mala ...

Lockheed Martin Corporation (NYSE:LMT) Morgan Stanley 12th Annual Laguna Conference September 12, 2024 3:15 PM ET Company Participants Jim Taiclet - Chairman, President & CEO Jay Malave - CFO Conference Call Participants Kristine Liwag - Morgan Stanley Kristine Liwag Hello. Good afternoon, everyone. I'm Kristine Liwag, Morgan Stanley's Aerospace and Defense Analyst. Very excited to host our next panel, Lockheed Martin. I'm pleased to have Jim Taiclet, Chairman and President and CEO of Lockheed; and Jay Mala ...

Lockheed Martin Corporation (LMT) is set to deliver two C-130J-30 Super Hercules tactical airlifters to Egypt as part of a foreign military sale facilitated by the U.S. Air Force. This was revealed at the Egypt International Air Show. With these new airlifters, Egypt will join seven other countries in the Middle East North Africa region that rely on C-130J as a primary tactical airlift and tanker solution.More on LMT’s C-130JLockheed Martin’s C-130J Super Hercules is one of the most sought-after tactical ai ...

Secure your financial future with these three dividend powerhouses that have consistently outperformed the S&P 500.Passive income is crucial for maintaining your lifestyle in retirement, especially given the uncertain future of Social Security benefits. The Office of Retirement and Disability Policy, part of the Social Security Administration, projects that by 2037, the program's trust fund reserves might be exhausted, potentially reducing scheduled benefits to 76% of their current levels. This looming chal ...

Lockheed Martin Corp.’s (LMT) business unit, Sikorsky Aircraft, recently secured a contract to support its CH-53K helicopter program.The award has been provided by the Naval Supply Systems Command Weapon Systems Support, Philadelphia, PA.Details of the DealValued at $20.1 million, the contract is projected to be completed by September 2027. Per the terms of the deal, Lockheed will procure spare parts like 20 valve selectors, 31 lower swivels, 25 aircraft mechanical actuators, 12 mechanical actuators and a f ...