Lockheed Martin on Radar After Winning $4.1B Missile Defense Agency Contract

Key TakeawaysLockheed Martin shares remain in focus Friday morning after the company won a $4.1 billion contract from the Missile Defense Agency.The contract, which aims to drive innovation and development of the government's battle command system, has an ordering period from May 1, 2024, through April 30, 2029, with an option to extend through April 30, 2034.A breakout in Lockheed Martin shares above a key trendline around $454 could act as a catalyst for a move up to overhead resistance near $490. Shares ...