Lockheed Martin is one of the largest defense contractors in the world. Delayed deliveries on its F-35 jet and declining margins have weighed on the stock.
Lockheed Martin on Thursday agreed to acquire satellite products maker Terran Orbital in a $450 million deal, months after the defense contractor withdrew it previous bid to take it private.
America's defense budget continues to grow over time. Northrop Grumman is a diversified defense company with healthy financials.
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.
Heightened geopolitical tensions and a rising number of major active wars ranging from Ukraine, across the Middle East and Africa, and on to Myanmar have, in recent years, given various defense companies – and their stocks – a significant boost.
For years, United States politicians have built a reputation for favoring defense stocks, coinciding with escalating global geopolitical tensions.
The dividend is well covered by earnings and cash flow. Growing defense budgets support revenue and earnings growth.
A volatile geopolitical environment is driving growth for Lockheed Martin. The company is integrating more high-tech solutions across its product portfolio in an ongoing digital transformation.
Earnings season continues to roll along, with these three companies delivering bullish guidance following strong results.
Shares of Lockheed Martin Corp LMT tanked in early trading on Monday, after rallying nearly 4% in overnight trading.
RBC analyst Ken Herbert upgraded shares of Lockheed Martin to Buy from Hold, and raised the price target to $600 from $500.
Although the majority of assets in the stock market are crashing, certain defense stocks are doing the exact opposite – rallying amid the rising geopolitical tensions that have seen new war fronts arise or threaten to appear in multiple regions as the now already ‘old' wars continue raging.