LMT Stock Recent News

FORT WORTH, Texas , Aug. 28, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) presented Poland's first F-35A Lightning II to the Polish government during a rollout ceremony at Lockheed Martin's F-35 production facility. This event marks a significant milestone in the Polish Air Force's history and strengthens the alliance between the United States and Poland, a key NATO ally.

LMT is set to be engaged in full-rate production of Surface Electronic Warfare Improvement Program AN/SLQ-32(V)6 and AN/SLQ-32C(V)6 systems.

RTX offers a good balance of businesses. Lockheed Martin is expanding its position as a leading space stock with an upcoming acquisition.

The latest trading day saw Lockheed Martin (LMT) settling at $560.41, representing a +0.41% change from its previous close.

As of Aug 27, 2024, two stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

We believe that Northrop Grumman stock is currently a better pick than its industry peer – Lockheed Martin stock (NYSE: LMT), given its better valuation and robust prospects. NOC stock trades at a slightly higher multiple of 1.9x trailing revenues, versus 1.7x for LMT.

Lockheed Martin stock trading at $555 per share, up 20% post-earnings, outperforming stock markets. Strong Q2 results with revenue of $18.1 billion, earnings per share of $7.11, and increased full-year outlook. Risks include defense budget changes, supply chain issues, but opportunities lie in F-35 deliveries, demand for air missile systems, and growth prospects.

Five months ago, Lockheed Martin offered to buy Terran Orbital for $1 per share. Terran declined the offer.

Lockheed (LMT) reported earnings 30 days ago. What's next for the stock?

Ongoing geopolitical conflicts continue to escalate in Europe and the Middle East, causing defense budgets for certain countries to increase. With that increase, comes defense spending, but which companies can best capitalize on this momentum?