Lockheed Martin Awarded $105M GPS Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 13 hours ago
0mins
Lockheed Martin has been awarded a maximum $105M firm-fixed-price task order for Global Positioning System modifications. This contract provides for GPS control segment modifications to provide command and control capability for the next generation of GPS III follow-on space vehicles. Work will be performed in Colorado Springs, Colorado, and is expected to be completed by Dec. 31, 2030. This contract was a sole source acquisition. Space Systems Command is the contracting activity.
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Analyst Views on LMT
Wall Street analysts forecast LMT stock price to fall
12 Analyst Rating
4 Buy
7 Hold
1 Sell
Hold
Current: 538.000
Low
430.00
Averages
535.50
High
605.00
Current: 538.000
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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- Technological Collaboration: By combining Lockheed Martin's missile expertise with Rheinmetall's manufacturing excellence, the partnership aims to deliver combat-proven capabilities to allies more quickly and efficiently, addressing the growing defense needs in Europe.
- Market Opportunities: This collaboration positions Lockheed Martin to benefit from European defense budgets, particularly as countries seek to replenish weapon stockpiles following the diversion of military hardware to Ukraine, while Rheinmetall gains direct access to U.S. technology, enhancing its competitiveness in the international market.
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- Defense Investment Commitments: Should the summit proceed positively, a joint declaration from European nations and Canada is expected to emphasize increased core defense investments and greater responsibility for NATO security, ensuring a fair deal for the U.S.
- Turkey's F-35 Program Status: Turkey may finally gain U.S. approval to rejoin the F-35 stealth fighter program, although negotiations regarding its Russian S-400 air defense system will be crucial, affecting NATO's overall military capabilities.
See More
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See More
