Canada to Acquire 26 HIMARS Systems from Lockheed Martin for $2.6 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Source: seekingalpha
- Large-Scale Acquisition: The Canadian government has confirmed plans to purchase 26 High Mobility Artillery Rocket Systems (HIMARS) from Lockheed Martin for CAD 2.6 billion, significantly enhancing the Canadian Army's long-range strike capabilities and marking a crucial step in military modernization.
- Strategic Implications: The HIMARS system has gained prominence due to its successful deployment in Ukraine and other military operations, and Canada's acquisition positions it among a growing list of U.S. allies adopting this system, thereby strengthening NATO's overall defense posture.
- Economic Benefits: The deal includes a 10-year industrial benefits package, with Lockheed Martin committing to invest in Canadian small and medium-sized enterprises, research institutions, and Indigenous partners, which is expected to stimulate domestic defense-related business growth and economic activity.
- Broad Investment Outlook: Lockheed Martin anticipates directing investments over the next decade into aerospace technologies, unmanned systems, energy-related technologies, and Arctic infrastructure projects, further advancing Canada's defense modernization strategy and technological development.
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Analyst Views on LMT
Wall Street analysts forecast LMT stock price to rise
12 Analyst Rating
4 Buy
7 Hold
1 Sell
Hold
Current: 519.050
Low
430.00
Averages
535.50
High
605.00
Current: 519.050
Low
430.00
Averages
535.50
High
605.00
About LMT
Lockheed Martin Corporation is an aerospace and defense technology company. The Company's segments include Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The Aeronautics segment is engaged in research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. The MFC segment provides air and missile defense systems; tactical missiles and precision strike weapon systems; logistics; fire control systems; engineering support and integration services. The RMS segment designs, manufactures, services and supports various military and commercial helicopters, sea and land-based missile defense systems. The Space segment is engaged in the research and design, development, engineering and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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