Lockheed Martin awarded $214.36M Army contract
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Associated Press
44 minutes ago
- Associated Press
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Lockheed Martin Corporation of Class Action Lawsuit and Upcoming Deadlines
NEW YORK, Aug. 17, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Lockheed Martin Corporation ('Lockheed' or the 'Company') (NYSE: LMT). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. The class action concerns whether Lockheed and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. You have until September 26, 2025, to ask the Court to appoint you as Lead Plaintiff for the class if you purchased or otherwise acquired Lockheed securities during the Class Period. A copy of the Complaint can be obtained at [Click here for information about joining the class action] On October 22, 2024, before the market opened, Lockheed announced that it was forced to recognize losses of $80 million on a classified program at the Company's Aeronautics business segment 'due to higher than anticipated costs to achieve program objectives.' The Company also announced that it had recognized a reach-forward loss in its Rotary and Mission Systems segment 'as a result of additional quantity ordering risk identified on fixed-price options.' On this news, Lockheed's stock price fell $37.63 per share, or 6.12%, to close at $576.98 per share on October 22, 2024. Then, on January 28, 2025, before the market opened, Lockheed announced that it was forced to record pre-tax losses of $1.7 billion associated with classified programs at its Aeronautics and Missiles and Fire Control business. The Company explained that 'as a result of performance trends' and 'in contemplation of near-term program milestones,' it had 'performed a comprehensive review of the program requirements, technical complexities, schedule, and risks' based on which it recognized $555 million of losses in its Aeronautics program. The Company further reported additional losses of approximately $1.3 billion in its Missiles and Fire Control business due to, among other things, the 'future requirements of the program, discussions with the customer and suppliers.' As a result, the Company's net earnings in 2024 were $5.3 billion, or $22.31 per share, compared to $6.9 billion, or $27.55 per share, in 2023. On this news, Lockheed's stock price fell $46.24 per share, or 9.2%, to close at $57.45 per share on January 28, 2025. Then, on July 22, 2025, Lockheed released its second quarter 2025 financial results, reporting sharply lower second-quarter earnings, including $1.6 billion in program losses. The Company disclosed that it was forced to recognize $950 million in losses related to its Aeronautics Classified program due to 'design, integration, and test challenges, as well as other performance issues' as well as 'significant changes to its processes and testing approach.' Lockheed also reported $570 million in losses on its Canadian Maritime Helicopter Program due in part to providing 'additional mission capabilities, enhanced logistical support, fleet life extension, and revised expectations regarding flight hours.' The Company further reported a $95 million charge related to its Turkish Utility Helicopter Program due to the 'current status of the program.' Lockheed said it is in 'ongoing discussion' with its customers regarding a potential 'restructure' of certain contractual terms and conditions. On this news, Lockheed's stock price fell $49.79 per share, or 10.8%, to close at $410.74 per share on July 22, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT: Danielle Peyton Pomerantz LLP [email protected] 646-581-9980 ext. 7980
Yahoo
17 hours ago
- Yahoo
Moon or Doom: Where Does XRP Price Go Next?
The XRP Army has drawn the line: the $3 price mark is now their battlefield. But, at the moment, traders can't seem to decide if XRP is headed to the moon or back down towards doom. After hot inflation data dampened jumbo rate cut hopes earlier this week, XRP dropped 6.4%—right down to that pivotal $3.00 mark that could define the crypto asset's next major move. On Myriad, a prediction market created by Decrypt's parent company Dastan, traders remain slightly bullish despite the correction. Myriad users give XRP a 63.7% chance of reaching $4 or higher (the moon scenario) versus 36.3% odds of crashing back down to $2 or below (doom). So who's right? XRP price: The technical puzzle XRP, the cryptocurrency created by the founders of payments company Ripple, presents a technical puzzle that explains why traders are currently so divided. For reference, even at just $3, XRP commands a market capitalization of $181 billion, good for third-largest behind only Bitcoin and Ethereum. And it's coming off a very recent all-time high of $3.65, which the coin hit less than a month ago. So where is it going next? For starters, the distance from its current price (the white line in the chart below) to the moon (the green line) and its distance towards doom (the red line) is basically the same: 33.33%. So, odds based on the percentage leap required to hit either scenario is not really a factor right now. It's going to require a little further digging. One classic indicator for traders is the Relative Strength Index, or RSI. For XRP, this sits right at 48, just shy of the neutral 50 mark. RSI measures momentum on a scale of 0-100, where readings above 70 signal overbought conditions (time to sell) and below 30 indicate oversold (time to buy). At 48, we're in no-man's land—slightly bearish but not enough to panic. This is what traders call the "decision zone," where markets pick their next direction. Going off RSI, under current conditions, market forces are in equilibrium. However, the overall trend is bullish, so this would signal to traders that prices are more likely to maintain momentum and speed unless something else affects the trend. The Average Directional Index, or ADX, at 28 tells a more decisive story. ADX measures trend strength regardless of direction. Think of it as a speedometer that doesn't care if you're going forwards or backwards. Readings above 25 confirm a strong trend exists, and at 28, XRP is definitely trending. This signals to traders that XRP's upward movement is likely to continue, even if slowly. And, of course, the more the price goes up, the less likely a $2 'doom' scenario becomes. Another key indicator is the exponential moving average, which measures the average price of an asset over a certain amount of time. For XRP, the 50-day EMA sits comfortably above the 200-day EMA, creating what traders call a "bullish stack." This means the average price of XRP in the short-term is trading above the average price over the long-term, and that typically means buyers will keep stepping in at higher prices. It's a vote of confidence in the uptrend. This setup usually favors continuation higher unless something breaks. For XRP to correct down to the 'doom' zone, it would need to switch momentum entirely and, likely, enter a death cross formation. The only indicator that is not bullish for XRP right now seems to be the Squeeze Momentum Indicator, which shows a price consolidation zone as the Ripple-linked token struggles to break past its recent all-time high. Think of it as the market taking a deep breath before the next sprint. Prices can experience a stronger trend either up or down, depending on catalysts. That 'squeeze' zone is considered a price compression because there are a large number of orders fighting to determine the trend. If short-term traders exit those positions in search for other markets, then there could be a fast dip in the same zone as it could trigger many 'stop-loss' zones. On the other hand, if there is a short squeeze, or bulls take control, it could trigger a spike based on buy orders activated too close to each other. But technicals only tell half the story. The 30-day moving average for XRP whale inflows to exchanges jumped to 260 million tokens from 141 million tokens at July's start, with large holders offloading nearly $6 billion worth since mid-July. That's a serious distribution that historically precedes corrections, because the most logical reason to send an asset to an exchange is to sell it. Meanwhile, the SEC and Ripple finally ended their legal battle, removing a major overhang. Add an 88% chance of spot XRP ETF approval by December according to Polymarket and nearly 60% preference over a Litecoin ETF on Myriad Markets, and you've got catalysts that could send XRP either direction—violently. XRP bulls have the edge Weighing all of the data, it's clear the charts today slightly favor the XRP moon scenario. The combination of price respecting an upward channel, maintaining position above both key EMAs, and the Squeeze ready to fire would convince traders of a compelling bullish setup. The ADX confirming trend strength while RSI sits neutral gives XRP room to run without being overextended. Considering indicators show traders in equilibrium during a bullish move (instead of showing such behavior when the coin is trading sideways), the ascending channel and compressed volatility suggest XRP could test $3.30 within days. A clean break above would likely trigger momentum toward $4. But those massive whale sales keep the doom scenario very much alive. If the $2.80 support cracks, all bullish bets are off. This is crypto—and when things break, they break hard. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
a day ago
- Yahoo
The U.S. Air Force Just Ordered $7.8 Billion in New Missiles, and These 2 Defense Contractors Will Profit
Key Points The U.S. Air Force placed a seven-year supply order for $4.3 billion worth of JASSM and LRASM missiles with Lockheed Martin. The Air Force also ordered six years' worth of AMRAAM missiles from RTX for $3.5 billion. RTX will probably earn a lot more profit on its missiles than Lockheed will. 10 stocks we like better than RTX › "A billion here, a billion there, and pretty soon you're talking real money." -- Senator Everett Dirksen The honorable senator from Illinois went down in the history books with this famous quip about government spending -- which is nowhere truer than in the defense department, where billion-dollar paydays pop up with regularity. Still, when I took a look at the list of Pentagon contracts published on July 31 in particular, I admit my eyes did goggle a little. In just two announcements amounting to fewer than 600 words total, the U.S. government awarded Lockheed Martin (NYSE: LMT) and RTX Corporation (NYSE: RTX) just under $7.8 billion. Big news for LockMart and RTX Both contracts concern the ordering of missiles for the United States Air Force. Lockheed Martin's Missiles and Fire Control division got the larger order: $4.3 billion to upsize a previous contract instructing Lockheed to build and deliver Joint Air-To-Surface Standoff Missiles (JASSM) and Long-Range, Anti-Ship Missiles (LRASM) for use by the USAF and foreign allies Finland, Japan, the Netherlands, and Poland by Jan. 31, 2033. RTX's Raytheon military products division was awarded $3.5 billion to supply Advanced Medium Range Air-to-Air Missiles (AMRAAM) by fiscal third-quarter 2031. In addition to the U.S. Air Force, these missiles are destined for the air forces of a huge host of U.S. allies, covering almost the entire alphabet: Australia, Belgium, Canada, Denmark, Finland, Germany, Hungary, Israel, Japan, Kuwait, Lithuania, the Netherlands, Poland, Spain, Sweden, Switzerland, Taiwan, Ukraine, and the United Kingdom. How to put big numbers in context Are you impressed yet? Well, before getting too excited about the large numbers being bandied about, make sure to note the completion dates for both contracts. Lockheed Martin's LRASM/JASSM sales, for example, run through early 2033. That means you need to spread out the $4.3 billion contract value over more than seven years to get a sense of how much annual revenue this contract will contribute, and whether it's enough to "move the needle" on Lockheed stock. Here's the answer: It bumps up Lockheed Martin's $71 billion-a-year revenue stream to perhaps $71.7 million -- an increase of less than 1%. Similarly, RTX's $3.5 billion win spreads across six years. That works out to less than $600 million a year in extra orders. On RTX's $84 billion revenue stream, it's an increase of at most 0.7%. Plus, bear in mind that the Pentagon was already buying missiles from both these companies. The new orders -- in large part -- will simply replenish backlog and continue revenues that LockMart and RTX were already collecting. Viewed in that context, it's entirely possible that the ongoing increase in annual revenue for each company will be less than 1%... or even less than 0.7%. What this means for investors All this said, and the caveats notwithstanding, we're still "talking real money" here -- even if it's not necessarily "move the needle" amounts of money. What's surprising to me is how much better RTX has been lately at turning revenue money into GAAP profits. According to data from S&P Global Market Intelligence, Lockheed Martin's operating profit margin in its Missiles and Fire Control division is currently an anemic 4.2%, making it by far the least profitable of Lockheed's four main business divisions. RTX's Raytheon division, in contrast, earns 9.7% operating margins on its sales -- twice Lockheed MFC's margin. This makes Raytheon RTX's second most profitable business division after airplane parts division Collins Aerospace, despite Raytheon being the company's smallest division by revenue. Strange as it may sound, while RTX won the smaller of the two (still very large) missile contracts last week, measured both by absolute value and by value as a percentage of total sales, RTX is almost certain to earn the most profit from its Pentagon contract. There's a reason why RTX stock sells for 2.5 times annual sales, while Lockheed stock is valued relatively less, at just 1.4x sales. And RTX's superior profit margin is that reason. Should you buy stock in RTX right now? Before you buy stock in RTX, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and RTX wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,115,695!* Now, it's worth noting Stock Advisor's total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Lockheed Martin and RTX. The Motley Fool has a disclosure policy. The U.S. Air Force Just Ordered $7.8 Billion in New Missiles, and These 2 Defense Contractors Will Profit was originally published by The Motley Fool
