Lockheed Martin Corporation

LMT

US5398301094

Aerospace & Defense

Market Closed - Nyse Other stock markets 04:00:02 2024-04-26 pm EDT			5-day change	1st Jan Change
461.3 ^USD	-0.75%		-0.56%	+1.78%

Apr. 26	US announces purchase of $6 bln in weapons for Ukraine	RE
Apr. 26	Defence firm Saab raises sales outlook after Q1 profit jump	RE

Lockheed Martin: $219 million contract with the US Army

March 07, 2024 at 08:59 am EST

Lockheed Martin has been awarded a $219 million contract to produce additional Precision Strike Missiles (PrSM) for the US Army.

This is the fourth production contract to date for the long-range missile, which will help meet US Army demand.

Lockheed Martin delivered the first missiles in December 2023 following a successful production qualification test in November.

We are proud to provide this long-range deterrence capability to our Army customer, and we continue to work to advance the program and production on a very precise schedule," said Jay Price, Vice President of Precision Firing at Lockheed Martin.

Copyright (c) 2024 CercleFinance.com. All rights reserved.

Go to the original article.
Legal disclaimer

Latest news about Lockheed Martin Corporation

US announces purchase of $6 bln in weapons for Ukraine	Apr. 26	RE
Defence firm Saab raises sales outlook after Q1 profit jump	Apr. 26	RE
Wells Fargo Adjusts Price Target on Lockheed Martin to $480 From $460	Apr. 25	MT
Deutsche Bank Adjusts Price Target on Lockheed Martin to $487 From $467	Apr. 25	MT
Northrop quarterly profit rose on strong global defense spending	Apr. 25	RE
Ukraine, Israel bill to bolster Lockheed, RTX profits	Apr. 25	RE
US Air Force narrows list to General Atomics, Anduril to build autonomous aircraft	Apr. 24	RE
UBS Adjusts Price Target on Lockheed Martin to $499 From $482, Maintains Neutral Rating	Apr. 24	MT
Lockheed Martin: contract worth over 300 ME with Australia	Apr. 24	CF
DZ Bank Adjusts Price Target on Lockheed Martin to $526 From $515	Apr. 24	MT
US Aerospace and Defense Earnings a "Positive Read Through for CAE," RBC Says	Apr. 24	MT
Citigroup Adjusts Lockheed Martin's Price Target to $525 From $508	Apr. 24	MT
Goldman Sachs Adjusts Lockheed Martin's Price Target to $378 From $377	Apr. 24	MT
Industrials Advance After GE Aerospace Earnings -- Industrials Roundup	Apr. 23	DJ
Tranche Update on Lockheed Martin Corporation's Equity Buyback Plan announced on October 25, 2010.	Apr. 23	CI
US defense contractor L3Harris to cut 5% of workforce to save costs, email shows	Apr. 23	RE
Top Midday Stories: Shares of GE, Novartis, Danaher and Philip Morris Up Post-Earnings; Pepsi Stock Down Post-Earnings; Apple iPhone China Sales Drop 19%; Trump Poised for Windfall From Media Company Stock	Apr. 23	MT
US preparing $1 billion weapons package for Ukraine, officials say	Apr. 23	RE
Global markets live: Bayer, PepsiCo, Halliburton, Spotify, Apple...	Apr. 23
Transcript : Lockheed Martin Corporation, Q1 2024 Earnings Call, Apr 23, 2024	Apr. 23
Corporate results bound the become the next catalyst for markets	Apr. 23
Lockheed Martin: sales up 14% in Q1	Apr. 23	CF
Lockheed Martin Fiscal Q1 Adjusted Earnings Drop, Net Sales Advance; Fiscal 2024 Outlook Reiterated	Apr. 23	MT
Earnings Flash (LMT) LOCKHEED MARTIN Posts Q1 Revenue $17.20B, vs. Street Est of $16B	Apr. 23	MT
Earnings Flash (LMT) LOCKHEED MARTIN Posts Q1 EPS $6.33, vs. Street Est of $5.86	Apr. 23	MT

Chart Lockheed Martin Corporation

Duration

Period

More charts

Company Profile

Lockheed Martin Corporation specializes in the design, manufacturing and marketing of aeronautic, submarine, and aerospace systems. Net sales break down by activity as follows: - sale of aeronautic systems (40.7%): military and civilian aircraft, primarily for government organizations; - sale of helicopters, mission and electronic systems (24%): military and commercial helicopters, ships, sea and land-based missile defense systems, radars, sensors, sea and air-based mission and combat systems, training systems, cyber solutions, command, control and communication systems, surveillance and reconnaissance systems, simulation and training systems, etc.; - sales of aerospace systems (18.7%): satellite systems, missile systems and space transport systems; - sale of air defense and fire control systems (16.6%): air and missile defense systems, tactical missiles, precision strike weapons systems, fire control systems, etc. The group also offers support services for mission operations, preparation, technical support, integration services, etc. Net sales break down by source of income into sales of products (83.3%) and services (16.7%). Net sales are distributed geographically as follows: the United States (74.3%), Europe (9.5%), Asia/Pacific (8.3%), Middle East (5.8%) and other (2.1%).

Sector

Aerospace & Defense

Calendar

2024-05-02 - Annual General Meeting

Related indices

S&P 500

More about the company

Income Statement Evolution

More financial data

Analysis / Opinion

Lockheed Martin Corporation : Half a surprise

October 19, 2023 at 05:13 am EDT

More Strategies

Ratings for Lockheed Martin Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

461.3 USD

Average target price

487.9 USD

Spread / Average Target

+5.76%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Commercial Aircraft Manufacturing

	1st Jan change	Capi.
LOCKHEED MARTIN CORPORATION	+1.78%	111B
BOEING	-35.85%	103B
DASSAULT AVIATION	+13.73%	17.19B
TEXTRON INC.	+7.57%	16.5B
EMBRAER S.A.	+48.28%	4.76B
AVICOPTER PLC	+12.33%	4.37B
JOBY AVIATION, INC.	-19.55%	3.78B
AVICHINA INDUSTRY & TECHNOLOGY COMPANY LIMITED	+2.39%	3.49B
EVE HOLDING, INC.	-26.78%	1.44B
EHANG HOLDINGS LIMITED	+8.57%	1.15B

Commercial Aircraft Manufacturing

Lockheed Martin Corporation

Equities

LMT

US5398301094

Aerospace & Defense

Lockheed Martin: $219 million contract with the US Army

EPS Revisions