Lockheed Martin Awarded $249M Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
0mins
Should l Buy LMT?
Lockheed Martin was awarded a $249M cost-plus-fixed-fee and firm-fixed-price, indefinite-delivery/indefinite-quantity contract for spares, repairs, engineering services, and depot stand-up support for Surface Electronic Warfare Improvement Program Block Two Electronic Support Anti-Ship Missile Defense System integration. Work is expected to be completed by February 2031. Fiscal 2025 other procurement funds in the amount of $344,788 will be obligated at the time of award, of which none expires at the end of the current fiscal year. This contract was not competitively procured via the System for Award Management website. The contract is a sole-source award under 10 U.S. Code 3204 only one responsible source and no other supplies or services will satisfy agency requirements. Naval Surface Warfare Center is the contracting activity.
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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: 609.180
Low
430.00
Averages
535.50
High
605.00
Current: 609.180
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.
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