Lockheed Martin, an American defense and aerospace company, is now a $104 billion (by market cap) defense giant. The company increased its dividend for 21 consecutive years, with a 10-year dividend growth rate of 8.8%. LMT advanced its revenue from $40.5 billion in FY 2015 to $71 billion in FY 2024, a compound annual growth rate of 6.4%.
Defense stocks fall Monday as they face new supply chain challenges amid President Trump's trade war.
LMT secures a $13.3 million modification contract to aid the Long-Range Anti-Ship Missile Program.
Lockheed Martin's stock, down 26% from its October 2024 high, may be undervalued, presenting a potential buying opportunity despite losing the NGAD contract. Defense stocks, including Lockheed Martin, could benefit from the current trade turmoil as tariffs shift investor focus back to defense, which is more tariff-resistant. The White House's push for higher defense budgets, aiming for 5% of GDP, supports a positive outlook for defense contractors like Lockheed Martin.
Lockheed Martin (LMT) reachead $454.78 at the closing of the latest trading day, reflecting a +0.42% change compared to its last close.
LMT secures a $65.5 million modification contract to provide support to the F-35 jet program.
Lockheed Martin announced it received a roughly $5 billion contract from the U.S. Army for providing Precision Strike Missiles (PrSM) that will replace the Army Tactical Missile.
Zacks.com users have recently been watching Lockheed (LMT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
LMT secures a $4.94 billion contract to aid the manufacturing of the Precision Strike Missile Increment One.
Lockheed Martin on Monday said the U.S. Army had awarded it a contract worth up to $4.94 billion to produce Precision Strike Missiles (PrSM).
LMT secures a $208.1 million contract to aid the Joint Air-to-Surface Standoff Missile program.
Big contract announcements at the U.S. Pentagon can clue investors in to the potential for lucrative stock wins from the companies that win those contracts. It doesn't always work this way, but it does sometimes.