Lockheed Martin Secures $105 Million GPS Contract from U.S. Space Force
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy LMT?
Source: seekingalpha
- Significant Contract Value: Lockheed Martin has secured a contract worth up to $105 million from the U.S. Space Force to continue enhancing the Global Positioning System's ground control infrastructure, ensuring a steady revenue stream from defense space spending.
- Modernization Upgrade Plan: This contract extends over a decade of work under the Space Force's Architecture Evolution Plan, where Lockheed will update the GPS ground segment to support early orbit operations and eventual disposal of upcoming GPS IIIF satellites, enhancing overall system performance.
- Improving System Resilience: The new contract will focus on enhancing system resilience, particularly as new satellites are introduced, ensuring that signals from orbiting satellites remain accurate and jam-resistant, which is critical for military operations.
- Long-term Strategic Implications: This modernization effort reflects a broader push by the Space Force to strengthen the resilience of space-based infrastructure that supports both defense operations and commercial activities, highlighting Lockheed's entrenched position in GPS infrastructure and its future growth potential.
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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: 581.280
Low
430.00
Averages
535.50
High
605.00
Current: 581.280
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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- Optical Crosslink Demonstration: The SV10 satellite features an optical crosslink demonstration payload, enabling direct communication between satellites in space, thereby increasing on-orbit resiliency and ensuring the robust capabilities of the upcoming GPS IIIF series.
- Enhanced Anti-Jamming Capabilities: The GPS IIIF series will deliver over a 60-fold increase in anti-jamming performance, significantly improving military users' positioning, navigation, and timing capabilities in contested environments, thus maintaining an edge against evolving electronic warfare threats.
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- Optical Crosslink Demonstration: The SV10 satellite features an optical crosslink demonstration payload, enabling direct communication between satellites in space, thereby increasing on-orbit resiliency and ensuring the robust capabilities of the upcoming GPS IIIF series.
- Enhanced Anti-Jamming Capabilities: The GPS IIIF series will deliver over a 60-fold increase in anti-jamming performance, significantly improving military users' positioning, navigation, and timing capabilities in contested environments, thus maintaining an edge against evolving electronic warfare threats.
- Production of Next-Gen Satellites: Lockheed Martin is actively producing 12 GPS IIIF satellites at its Colorado facility, integrating augmented reality and digital twin technologies to accelerate satellite production, which is essential for maintaining reliable global coverage.
See More
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- AI and the Trillionaire Debate: The discussion around whether AI will create the world's first trillionaire is intensifying, indicating investors' focus on the future potential of the tech sector, which could spark a surge in investments in related technology companies.
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- Presidential Priorities: The newly established category of 'presidential priorities' includes Golden Dome missile defense, drone dominance, artificial intelligence, and data infrastructure, reflecting a focus on modernizing military capabilities and strengthening the defense industrial base.
- Ship Procurement Plan: The budget allocates over $65 billion for the procurement of 18 warships and 16 support ships, representing the largest shipbuilding request since 1962, underscoring the emphasis on naval power.
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- Optical Crosslink Demonstration: The SV10 satellite features an optical crosslink demonstration payload, enabling GPS satellites to communicate directly in space, thereby increasing on-orbit resiliency and ensuring the future strength of the constellation.
- Next-Gen GPS IIIF Production: With the launch of SV10, Lockheed Martin is now focused on producing GPS IIIF satellites, which are expected to provide over 60-fold anti-jamming capability for warfighters, further enhancing the constellation's resilience.
- Commitment to Global Coverage: More than 30 GPS satellites currently in orbit deliver critical positioning, navigation, and timing services to military and civilian users, with Lockheed Martin committed to maintaining reliable global coverage by producing 12 GPS IIIF satellites.
See More
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Next-Generation Technology: The GPS III satellite paves the way for next-generation GPS technology, promising improved accuracy and reliability for various applications.
See More
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- ETF Investment Opportunity: The Invesco Aerospace & Defense ETF tracks the Spade Defense Index with $8.3 billion in assets under management and an expense ratio of 0.58%, providing investors with a convenient way to capitalize on rising defense spending while ensuring portfolio diversification.
See More
