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Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Lockheed (LMT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.
Lockheed's (LMT) Q1 results are likely to reflect the adverse impacts of lower equity earnings and higher interest expenses amid solid sales volume from its major segments.
Amid turbulent times on the global geopolitical scene that has seen escalating tensions in the Middle East, it should not come as a shock that war stocks are rising, including Lockheed Martin (NYSE: LMT), although experts are still cautiously optimistic regarding its price in the following 12 months.
As the world eyes the conflict in the Middle East, defense companies like Lockheed Martin are stocks to watch. The U.S. turned to LMT for an upgraded missile defense system, and Renita Young has all the details.
Lockheed Martin (LMT), as a prime contractor to the Missile Defense Agency for its Next Generation Interceptor, is set to protect the nation from current and future missile threats.
On March 29, U.S. Representative Kevin Hern of Oklahoma purchased shares of Lockheed Martin (NYSE: LMT) stock, a major defense contractor with government contracts, just before Lockheed Martin won a $17 billion contract to develop a critical defense system.
Lockheed Martin (LMT) closed the most recent trading day at $453.08, moving +0.6% from the previous trading session.
Lockheed Martin has been awarded a $17 billion contract to develop the next generation of interceptors that would guard the United States against an intercontinental ballistic missile attack, two industry sources briefed on the matter told Reuters.
U.S.-based defense stocks are on the rise today, as tensions build in the Middle East.
As of late 2023, the US economy seemed poised for a controlled slowdown, with hopes of easing inflation and steadier growth. However, 2024 has brought surprising developments.