Recently, Zacks.com users have been paying close attention to Lockheed (LMT). This makes it worthwhile to examine what the stock has in store.
Defense stocks, especially Lockheed Martin (NYSE:LMT), are in the spotlight following the recent assault by Israel on Iran's nuclear initiative. As the primary missile supplier to the U.S. government, Lockheed Martin holds a crucial position.
Several war stocks surged today following news of the Israeli strike on Tehran, Iran.
Lockheed Martin shares initially fell 7% after a report that the US is reducing its F-35 requests. The Defense Department has reportedly dropped its ask from 48 fighters for the Air Force to 24, The request isn't final, but it could signify changing priorities within the Pentagon under Trump.
In the closing of the recent trading day, Lockheed Martin (LMT) stood at $456.60, denoting a -4.26% move from the preceding trading day.
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.