Four Major Companies Launch Wildfire Solutions Venture
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
- Joint Venture Formation: Lockheed Martin, PG&E, Salesforce, and Wells Fargo have launched EMBERPOINT™, aimed at enhancing wildfire detection and response capabilities through AI and autonomous systems, setting a new standard in wildfire safety.
- Technological Integration Benefits: EMBERPOINT™ will integrate advanced command-and-control technologies to help first responders detect fires earlier and coordinate responses effectively, which is expected to significantly reduce wildfire-related damages and enhance community safety.
- Funding and Experience Sharing: Wells Fargo is supporting the initiative through capital investment, while PG&E will contribute its extensive experience in wildfire risk management, ensuring effective integration of technology and practice to enhance community protection.
- Future Development Plans: The EMBERPOINT™ team will build out the relevant technologies in the coming months, targeting demonstrations in 2026, aiming to leverage combined resources to address the escalating wildfire crisis.
Analyst Views on LMT
Wall Street analysts forecast LMT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LMT is 535.50 USD with a low forecast of 430.00 USD and a high forecast of 605.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
4 Buy
7 Hold
1 Sell
Hold
Current: 594.950
Low
430.00
Averages
535.50
High
605.00
Current: 594.950
Low
430.00
Averages
535.50
High
605.00
About LMT
Lockheed Martin Corporation is a global aerospace and defense company. The Company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Its segments include Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft. MFC segment provides air and missile defense systems, manned and unmanned ground vehicles, energy management solutions, and others. RMS segment designs, manufactures, services and supports various military and commercial helicopters, surface ships, sea and land-based missile defense systems, and others. Its 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.
