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As tensions escalate in the Middle East, with the Iran-Israel war nearing escalation, gold prices are on the rise while Bitcoin (BTC) takes a hit. However, the real winners in this scenario could be defense stocks.
Companies in the military-industrial complex will be in the spotlight this week as geopolitical risks rise and as the US Congress prepares a vote on Biden's supplemental package for Israel, Taiwan, and Ukraine.
Lockheed (LMT) is set to develop, model, integrate, test, verify, evaluate, validate, document, deliver, field, train, operate, sustain, and support updates and new capabilities to the C2BMC system.
Shares in Lockheed Martin (LMT) are on the radar Friday after the aerospace and defense giant said it had won a $4.1 billion contract from the U.S. government's Missile Defense Agency to develop its battle command system.
Lockheed Martin said on Thursday it had won a contract worth up to $4.1 billion from the U.S. government's Missile Defense Agency to continue the development of its battle command system.
Lockheed Martin LMT, +0.14% on Thursday was awarded a missile defense contract worth up to $4.1 billion.
Investors looking for stocks in the Aerospace - Defense sector might want to consider either Leidos (LDOS) or Lockheed Martin (LMT). But which of these two stocks offers value investors a better bang for their buck right now?
Lockheed (LMT), with the provision of ancillary mission equipment in support of its F-35 Joint Strike Fighter program, is set to expand its footprint in the military aircraft market.
Lockheed Martin (LMT) closed the most recent trading day at $447.57, moving -1.06% from the previous trading session.
Lockheed Martin (LMT) is set to provide support equipment for its H-60 helicopter program, thereby serving the U.S. Navy and three other U.S. allies.