Ukraine, Israel bill to bolster Lockheed, RTX profits [Reuters]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Reuters
REUTERS/Benoit Tessier/File Photo WASHINGTON, April 25 (Reuters) - Lockheed Martin Corp and RTX Corp , fresh off a surge of orders in response to Russian aggression against Ukraine and the war in Gaza, stand to profit from $95 billion of mostly new weapons funding as the increasingly drawn out conflicts renew demand for pricey equipment. On Wednesday, President Joe Biden into law that provides billions of dollars of new U.S. aid to Ukraine for its war with Russia, including $61 billion for Ukraine and $26 billion for Israel. "There are now factories breaking ground around the country," because of the new funding and several recent "supplemental" funding rounds, said the Pentagon's acquisitions chief Bill LaPlante on Wednesday. Combat in Ukraine and Israel have consumed high volumes of munitions, including Patriot air defense interceptors, used to shoot down Russian missiles, and vast quantities of 155 millimeter artillery rounds. The new funds will pay for new shipments and
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LMT
News
- U.S. Air Force Secretary Kendall Flies in AI-piloted X-62A VISTAPR Newswire
- Top 20 States Where the US Military Spends the Most Money [Yahoo! Finance]Yahoo! Finance
- Missile defence successes in Gulf, Ukraine fuel global urgency to acquire systems [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Missile defence successes in Gulf, Ukraine fuel global urgency to acquire systems [Reuters]Reuters
- Lockheed Martin Declares Second Quarter 2024 Dividend and Announces Election of Thomas Falk as Independent Lead Director of the Board [Yahoo! Finance]Yahoo! Finance
LMT
Earnings
- 4/23/24 - Beat
LMT
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form 4
- 4/23/24 - Form 10-Q
- LMT's page on the SEC website