Aerospace manufacturer Lockheed Martin Corp (NYSE:LMT) stock is gapping lower today, after a U.S. Defense Department procurement request sent to Congress asked for 24 of the company's F-35 jets for the U.S. Air Force, compared last year's forecast of 48.
Lockheed Martin Corp (NYSE:LMT) shares fell after the Pentagon slashed its order for F-35 fighter jets, according to a Bloomberg News report. The US Air Force reduced its request for new F-35s to 24 jets in the upcoming fiscal year, down from 48 jets last year.
Lockheed Martin (NYSE: LMT) shares dropped on Wednesday as investors reacted to news that raises questions about the firm's future momentum of its flagship F-35 fighter jet program.
Lockheed Martin's RMS unit sees rising sales as key defense deals and global demand for radar and missile systems drive momentum.
Lockheed Martin lands a $25M Army contract to support Sentinel A4 radar systems, enhancing aerial and electronic threat detection.
The world is getting more chaotic, and it makes sense to add some high-quality defense contractors to your portfolio as a hedge. Lockheed Martin and Northrop Grumman are two top defense contractors. Which is the 'better buy'? While LMT is larger and produces higher profile jet fighters and weapons systems, we prefer NOC's position in the military stack.
Lockheed Martin (NYSE: LMT) has been going through a rough patch, its stock is down 6.82% in the past six months and currently trading at around $480.
Lockheed Martin (LMT) reachead $480.17 at the closing of the latest trading day, reflecting a +0.28% change compared to its last close.
Lockheed (LMT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
In the latest trading session, Lockheed Martin (LMT) closed at $469.98, marking a -1.44% move from the previous day.
LMT wins $214.4M contract to upgrade MLRS units to M270A2, with work to be completed by 2030 across key U.S. locations.
Lockheed (LMT) reported earnings 30 days ago. What's next for the stock?