Key Takeaways LMT rose 3.6% on June 13 after news of Israel's strike on Iran sparked renewed war concerns. Lockheed supplies Israel with F-35s, MLRS, and other defense gear, supporting demand amid conflict. Analysts' high price target of $670 for LMT reflects a 43% upside over its average Zacks estimate.The long-standing conflict between Israel and Iran escalated recently, with both sides reportedly involved in missile and drone exchanges that caused casualties and property damage. While such hostilities ...

Lockheed Martin announced Monday that the U.S. Army had awarded it a contract worth nearly $5 billion to produce its next-generation long- range precision strike missile. The contract is worth up to $4.94 billion and will see Lockheed Martin provide Precision Strike Missiles (PrSM) to the Army, which views the weaponry as the successor to the Army Tactical missile (ATACM). Though this PrSM contract is for the Army, the U.S. Marine Corps as well as the Australian Army have indicated they intend to acquire th ...