Lockheed Martin Secures $177.5M Contract Modification for F-35 Support
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy LMT?
Source: seekingalpha
- Significant Contract Value: Lockheed Martin Aeronautics has secured a $177.5 million contract modification aimed at supporting F-35 flight science aircraft development and testing, reflecting strong demand and market position in the defense sector.
- New Aircraft Delivery: The contract includes the construction and delivery of three new F-35 test jets (A, B, and C variants) with full engineering support for effective flight testing of the Joint Strike Fighter program, further solidifying Lockheed's leadership in the military aviation market.
- Project Timeline: The work is expected to be completed by April 2031, indicating the company's ongoing commitment to long-term defense contracts while laying the groundwork for future technological upgrades.
- Transparent Funding Allocation: Approximately $37.7 million will be obligated from Air Force, Navy R&D, and F-35 partners at the award, with these funds set to expire by the end of the current fiscal year, ensuring liquidity and execution efficiency for the project.
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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: 555.430
Low
430.00
Averages
535.50
High
605.00
Current: 555.430
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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- Sales Comparison: Lockheed Martin reported Q1 sales of USD 18,000 million, slightly lower than the estimated USD 18,244 million by Ibes.
- Financial Performance: The sales figures indicate a close match between actual performance and analyst expectations, reflecting stability in Lockheed Martin's financial outlook.
See More
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Company Overview: Lockheed Martin reported a Q1 share value of $6.72, reflecting its performance in the aerospace and defense sector.
Financial Insights: The earnings report includes key data and insights that highlight the company's financial health and market position.
See More
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See More
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