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.
LMT secures a deal to provide additional long-lead-time materials to aid full-rate production of Lot 10 of the CH-53K helicopter.
Lockheed Martin is a leading defense company with a strong market position, making it an attractive investment, especially during the current market drawback. FY2024 results show $71 billion in sales, $5.3 billion in net earnings, and a $176 billion backlog, highlighting robust demand and financial health. Management expects positive developments in FY2025, with revenue growth, strong free cash flow, and continued share repurchases.
Lockheed Martin Corporation (LMT) Citi's 2025 Global Industrial Tech and Mobility Conference Transcript
The U.S. currently spends substantially more than allies on defense. That could be changing.
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.