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Lockheed Martin said on Thursday that it was on track to raise production of its weapons systems to meet increased demand amid escalating security concerns.
Lockheed (LMT) is set to provide design, development, build, and integration of equipment for missile flight test demonstrations and fielding.
You may have heard rocket company United Launch Alliance is for sale.
It's been widely reported over the last year that ULA parent companies Boeing and Lockheed Martin are considering offloading the rocket business. And last week ULA CEO Tory Bruno gave a conference presentation featuring slides that looked plucked straight from an M&A pitch deck.
Defense stocks consists of equities investors turn toward during economic or geopolitical tumult. These can include manufacturing giants of planes, drones, tanks and other products used during conflicts.
Insider trading has been a significant problem in US politics, with various senators, representatives, and politicians seated in committees that grant them access to information that allows them to beat the market.
U.S. weapons maker Lockheed Martin has signed agreements for Saudi Arabian companies to manufacture parts of its Terminal High Altitude Area Defense (THAAD) system, the company said on Monday.
Lockheed Martin beat on sales and earnings last week, but forecast weaker earnings in 2024 -- and slow sales growth. Sales are still growing, but slowly, and profit margins look maxed out.
Poland has signed a deal to buy Lockheed Martin's MK 41 Vertical Launching System for three frigates it is building, Polish defence firm PGZ said on Thursday.
Lockheed Martin (LMT), with the Czech Republic Air Force's partnership, continues to expand the global F-35 program.