An analyst's price target bump was the news pushing shares of storied defense company Lockheed Martin (LMT 2.63%) skyward as the trading week came to an end. The stock ended the day nearly 3% higher, easily topping the less-than-0.6% increase of the bellwether S&P 500 (^GSPC 0.55%) on the day.
LMT's unit secures a $127 million modification contract to provide support to the F-35 jet program.
Defense stocks took a tumble heading into 2025 as President Trump returned to the White House for his second term. Trump has stated his intent as a peacemaker to bring the wars in Ukraine and Israel to a halt.
The U.S. Navy will eliminate defense giant Lockheed Martin Corp from the competition to build its next-generation carrier-based stealth fighter - a key part of broader plans to confront China on its home turf, people familiar with the decision said.
LMT's unit secures a modification contract to procure hardware spares to support sonar systems.
U.S. defense contractor Lockheed Martin said on Tuesday it completed an initial flight test integrating a long-range anti-ship missile (LRASM) weapon system onto the F-35B Lightning II stealth fighter jet.
Lockheed Martin plans to unveil a new “affordable” cruise missile on Monday with a cost of about $150,000 and a range of over 500 miles as the defense contractor works to tap a U.S. need to deter Chinese ambitions in the Pacific. Russia's invasion of Ukraine has pushed U.S.
Lockheed Martin plans to unveil a new "affordable" cruise missile on Monday with a cost of about $150,000 and a range of over 500 miles (800 km) as the defense contractor works to tap a U.S. need to deter Chinese ambitions in the Pacific.
Investors interested in LMT stock should wait for a better entry point, considering its poor debt-to-capital ratio.
Lockheed Martin (LMT) concluded the recent trading session at $441.50, signifying a -1.55% move from its prior day's close.
Lockheed (LMT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Lockheed Martin faces significant risks, including cost overruns, software issues with the F-35, and potential defense budget cuts impacting stock price. The current administration's criticism and the push for drones over the F-35 add to the uncertainty surrounding Lockheed Martin's future. Despite the sell-off, analyst revenue estimates remain stable, though the industry EV/EBITDA multiple has declined, reflecting increased risk.