Pentagon signs deal to triple Patriot missile seeker output [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Yahoo! Finance
capacity of seekers for the Patriot Advanced Capability-3 Missile Segment Enhancement interceptor, the Defense Department announced April 1. Boeing manufactures the seekers, which enable PAC-3 interceptors to identify, track, and defeat threats including hostile aircraft, hypersonics, and ballistic and cruise missiles, according to Boeing. Lockheed Martin is the prime contractor for the PAC-3 MSE interceptor itself. The agreement is part of the Trump administration's Arsenal of Freedom initiative to strengthen the defense industrial base. Under the framework, Boeing, the Defense Department, and Lockheed Martin will begin production ramp-up and negotiate toward a formal multi-year contract award later this year, Boeing said Since 2024, Boeing has spent over $200 million to expand PAC-3 seeker production in Huntsville, Alabama, including adding 35,000 square feet to its facility, the company said. The agreement also allows for more investments that Boeing calls "cash-neutral." "
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LMT
News
- Lockheed Martin (LMT) had its price target raised by Citigroup Inc. from $673.00 to $675.00. They now have a "neutral" rating on the stock.MarketBeat
- LMT, NOC, LUNR: 3 Space Stocks Set to Benefit from NASA's Artemis II Moon Mission [Yahoo! Finance]Yahoo! Finance
- Boeing Gains 5%, Lockheed Martin Up 2%: Defense Stocks Are Having a Moment as Pentagon Spending Accelerates [Yahoo! Finance]Yahoo! Finance
- RH stock plunges, Boeing & Lockheed Martin's new deals with Pentagon [Yahoo! Finance]Yahoo! Finance
- Lockheed Martin (LMT) is now covered by Wells Fargo & Company. They set an "equal weight" rating and a $650.00 price target on the stock.MarketBeat
LMT
Earnings
- 1/29/26 - Miss
LMT
Sec Filings
- 3/27/26 - Form SCHEDULE
- 3/26/26 - Form ARS
- 3/26/26 - Form DEFA14A
- LMT's page on the SEC website