LMT Stock Recent News

Shares of major defense contractor Lockheed Martin (LMT -5.99%) fell hard on Friday, down 7% as of 12:31 p.m. EDT on Friday.

Lockheed Martin is a major defense contractor with a stable business model, low beta, and strong shareholder returns through dividends and buybacks. LMT's revenue is highly dependent on the US government, with a 73% revenue mix, posing a few short-term headwinds. LMT has a growing backlog and a book-to-bill ratio greater than 1, ensuring future revenue growth and steady dividend payouts.

The deal is a boost for the jet maker's money-losing defense business.

President Trump on Friday could award a next-generation fighter jet contract worth $20 billion. Lockheed Martin, Boeing lead contractors.

LMT secures a $54.2 million contract to manufacture submarine electronic warfare systems for newly constructed and in-service submarines.

Some investors downplay the link between politics and investing, and sometimes Capitol Hill events have little impact. But if it were all irrelevant, why would so many members of Congress trade stocks based on the information they receive?

Lockheed Martin (LMT) concluded the recent trading session at $470.55, signifying a +0.27% move from its prior day's close.

LMT's unit, Rotary and Mission Systems, secures a $35.4 million modification contract involving the Integrated Combat System.

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LMT's unit, Rotary and Mission Systems, secures a modification contract involving the AEGIS weapon system.