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Lockheed Martin on Monday said the U.S. Army had awarded it a contract worth up to $4.94 billion to produce Precision Strike Missiles (PrSM).
The Investment Committee give you their top stocks to watch for the second half.
LMT secures a $208.1 million contract to aid the Joint Air-to-Surface Standoff Missile program.
Big contract announcements at the U.S. Pentagon can clue investors in to the potential for lucrative stock wins from the companies that win those contracts. It doesn't always work this way, but it does sometimes.
Lockheed Martin has been awarded a $4.94 billion contract from the U.S. Army for its precision strike missiles.
Investors interested in LMT stock should wait for a better entry point, considering its higher debt-to-capital ratio.
The Reston, Va., defense contractor said Thursday it plans to use Google's AI to train, deploy and sustain its own AI models.
Integration of Google AI with Lockheed Martin's AI Factory Ecosystem to Enhance Decision-Making and Innovation BETHESDA, Md. and RESTON, Va.
Lockheed Martin stock was down early Thursday after catching a downgrade, but now all that much, suggesting that the damage from the company's loss to Boeing on the Air Force's F-47 program looks done. Unfortunately, it has another, perhaps larger issue.
In the latest trading session, Lockheed Martin (LMT) closed at $445.17, marking a +0.7% move from the previous day.