Lockheed (LMT) Wins Contract to Support Submarine Program [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Yahoo! Finance
The Naval Sea Systems Command, Washington, D.C., offered the award. Valued at $27.1 million, the contract is expected to be completed by May 2026. Work related to this contract will be executed in Syracuse, NY. Lockheed's Position in the Submarine Market Amid rising geopolitical tensions across the globe, nations have been strengthening their defense arsenal rapidly to protect their borders from any hostile attack. Submarines form an integral part of any strong defense system as they improve the underwater warfare capabilities of a nation. This has resulted in a strong demand for submarine construction and associated developments across the globe, which has been benefiting defense majors like Lockheed Martin. Notably, Lockheed designs, develops and integrates submarine combat systems for eight countries around the world, including the United States, United Kingdom, Canada, Brazil, Spain, and others, backed by its 40 years of experience in the submarine combat system domain.
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LMT
Earnings
- 4/23/24 - Beat
LMT
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/19/24 - Form PX14A6G
- LMT's page on the SEC website