U.S. Military Plans to Increase F-35 Purchases
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy LMT?
Source: seekingalpha
- Increased Procurement Plans: The U.S. Air Force and Navy plan to steadily increase purchases of Lockheed Martin's (LMT) F-35 fighter jets over the next five years, with Air Force orders projected to rise from 38 jets in FY 2027 to 48 jets by 2031, indicating confidence in the aircraft despite criticism of obsolescence.
- Navy Purchase Surge: The Navy and Marine Corps are set to boost their procurement from 23 jets this year to 47 next year, although projections suggest a decline to 38 or fewer jets annually from 2029 to 2031, reflecting varying expectations of future military needs.
- Defense Budget Request: This procurement plan is part of the Trump administration's request to Congress to increase the defense budget by over 40% to $1.5 trillion, which is likely to face resistance from both Democrats and fiscal conservatives, highlighting the political complexities surrounding defense spending.
- Stock Performance Decline: Despite the increase in planned purchases, Lockheed Martin's stock has fallen 17.1% over the past nine sessions, with a further 3.1% drop on Friday to $513.45, marking its lowest close since January 7, indicating market concerns about the company's outlook.
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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: 529.790
Low
430.00
Averages
535.50
High
605.00
Current: 529.790
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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Stock Performance: Lockheed Martin shares have decreased by 5% in pre-market trading.
Quarterly Earnings: The decline follows the company's announcement of lower quarterly profits.
See More
Lockheed Martin Reports Q1 Net Income of $1.5 Billion
- Company Overview: Lockheed Martin reported a net income of USD 1.5 billion for the first quarter.
- Financial Performance: The earnings reflect the company's strong performance and growth in defense contracts.
See More
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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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Profit Decline: Lockheed Martin's total business segment profit has decreased by 13% in the first quarter.
Net Profit Adjustments: The decline is attributed to adjustments in the lower net profit booking rate at Aeronautics.
See More
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- Q1 Sales Performance: Lockheed Martin reported Q1 sales of $18.02 billion.
- Comparison to Estimates: This figure is slightly below the estimated sales of $18.24 billion.
See More
