Core Insights - The executive order signed by U.S. President Donald Trump aims to accelerate the U.S. commercial space industry by reducing environmental review timelines and streamlining launch permits, which is expected to act as a growth catalyst for Lockheed Martin Corp. [1][11] Company Summary - Lockheed Martin is a prime contractor for NASA's deep-space Orion spacecraft and builds key satellites for national security, benefiting directly from its joint venture with Boeing, United Launch Alliance (ULA) [2][11] - The executive order mandates expedited environmental reviews and reforms to safety rules, which will likely reduce delays and costs for ULA's Vulcan Centaur rocket launches [3][4] - Lockheed's strategy to commercialize Orion through reusability and flexible missions aligns with the order's goals, enhancing cost-effectiveness and competitiveness in meeting NASA's evolving needs [4][11] - Lockheed Martin's shares have decreased by 9% year-to-date, contrasting with the industry's growth of 26.9% [10] - The company's shares are trading at a relative discount, with a forward 12-month Price/Earnings ratio of 16.26X compared to the industry's average of 27.54X [12] Industry Summary - Other companies such as Boeing and L3Harris Technologies are also positioned to benefit from the executive order, which aims to increase commercial space launch cadence [5][11] - Boeing is involved in NASA's Space Launch System (SLS), which is designed for deep-space missions, and serves as the prime contractor for key components of the SLS program [6][11] - L3Harris contributes to the Artemis II mission through its Aerojet Rocketdyne unit, providing engines for the SLS core stage and has supported over 2,100 space launches [7][11]