Recently, Zacks.com users have been paying close attention to Lockheed (LMT). This makes it worthwhile to examine what the stock has in store.
Shares of major defense contractor Lockheed Martin (LMT -5.99%) fell hard on Friday, down 7% as of 12:31 p.m. EDT on Friday.
Lockheed Martin is a major defense contractor with a stable business model, low beta, and strong shareholder returns through dividends and buybacks. LMT's revenue is highly dependent on the US government, with a 73% revenue mix, posing a few short-term headwinds. LMT has a growing backlog and a book-to-bill ratio greater than 1, ensuring future revenue growth and steady dividend payouts.
LMT secures a $54.2 million contract to manufacture submarine electronic warfare systems for newly constructed and in-service submarines.
Lockheed Martin (LMT) concluded the recent trading session at $470.55, signifying a +0.27% move from its prior day's close.
In the latest trading session, Lockheed Martin (LMT) closed at $467.61, marking a +0.31% move from the previous day.
LMT secures a $122.6 million contract to aid the Joint Air-to-Surface Standoff Missile and Long-Range Anti-Ship Missile Programs.
Lockheed Martin Corporation (NYSE:LMT ) J.P. Morgan's 2025 Industrial Conference March 13, 2025 7:30 AM ET Company Participants Jay Malave - Chief Financial Officer Maria Ricciardone - Vice President, Treasurer and Investor Relations Conference Call Participants Seth Seifman - JPMorgan Seth Seifman Good morning, everyone.
Lockheed Martin Corporation had a solid 2024 with a significant increase in product sales, but the profit suffered from higher costs. Lockheed Martin has several features that can protect their economic moat. Technological superiority and existing relationships with customers are their main advantages. LMT stock's valuation metric is favorable at this point, presenting a great buying opportunity.
LMT's unit secures a $266 million contract to provide operational flight program updates and transfer F-16 aircraft from Denmark to Argentina.
Like a cruise missile veering off course, shares of aerospace and defense giant Lockheed Martin (LMT -2.15%) have fizzled rather than soared in 2025. Muted profit guidance and market concerns toward the Trump administration's defense spending policies have emerged as recent headwinds for the stock, which is currently down about 25% from its 52-week high.
LMT secures a $63.4 million contract for the production of Trident II D5 missiles and provision of deployed systems support.