Lockheed Martin Awarded $407.16M Contract Modification
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy LMT?
Lockheed Martin was awarded a sole-source, hybrid, cost-plus-fixed-fee, and cost-plus-incentive-fee contract modification under Aegis Ballistic Missile Defense Weapon Systems contract. The total value of this contract modification is $407.16M. The work will be performed in Moorestown, New Jersey; and Guam, with period of performance from time of award through December 2029. The effort continues engineering, development and certification for Integrated Air and Missile Defense capabilities into the Aegis BMD Weapon Systems design for Aegis Guam System. Obligations in the amount of $76.16M using fiscal 2026 research, development, test and evaluation funds; and $2.6M using fiscal 2026 procurement funds, will occur at the time of award. The value of the contract increases from $1.53B by $407.17M to $1.94B. The Missile Defense Agency is the contracting activity.
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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: 512.410
Low
430.00
Averages
535.50
High
605.00
Current: 512.410
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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