Lockheed Martin-built GPS III satellite launches into orbit
Confident Investing Starts Here:
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 hours ago
- Yahoo
Lockheed Martin to open large missile assembly building in Courtland early 2026
COURTLAND, Ala. (WHNT) — A major American defense contractor is expanding its operations in North Alabama by bringing another large facility to a small town in Lawrence County. Lockheed Martin told News 19 that a new 88,000 square-foot Missile Assembly Building is currently under construction in Courtland. The new building is expected to open early 2026, the company said. Lockheed Martin said the spacious building will help advance defense systems in Courtland. The building is being built for the Next Generation Interceptor program. Lockheed Martin's website says with the NGI program, the mission is to 'develop, produce and deliver a modern, never-fail weapon against increasing and evolving ballistic missile threats from rogue nations. NGI is a first line of defense, tip-to-tail interceptor within the Missile Defense Agency's Ground-based Midcourse Defense (GMD) system.' The company said Courtland currently supports critical defense programs for the Army, Navy and Missile Defense Agency. Over 400 employees currently work at the Courtland site, and Lockheed said it expects an increase in workforce in 2026 following the opening of the new building. 'We're not just working on defense programs. We're defining what the future of missile defense looks like,' Lockheed Martin said. The company has a long-standing relationship with the town of Courtland. In 2019, the company announced that it would have a Hypersonic Strike Work manufacturing plant with two new buildings. The Aerospace and Defense company broke ground at the site in September 2019 and it was officially opened on October 4, 2021. The milestone of opening this building established northern Alabama as the 'Home of Hypersonic Strike Production,' Lockheed Martin said. In 2023, Lockheed Martin developed a partnership with the town of Courtland and helped convert its part-time fire department into a full-time, 24/7 emergency service with new equipment and staffing. Through a partnership with the State of Alabama, Lockheed Martin said it received a $1.8 million infrastructure grant to improve roads around the 88,000 square-foot facility. 'Lockheed Martin is building advanced defense systems in Courtland, but more importantly, we are investing in the future of the community. From workforce development and infrastructure upgrades to enhanced emergency services, our commitment extends beyond our facility. Real progress happens when industry and community grow together, and we are proud to help build a stronger, more resilient future for Courtland and the surrounding region.' Sarah ReevesVice President, Next Generation Interceptor (NGI) Program Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
20 hours ago
- Yahoo
Lockheed's Missile Division on a Hot Streak: What's Driving the Surge?
Lockheed Martin Corp.'s (LMT) Missile and Fire Control ('MFC') business division is experiencing explosive growth, with soaring demand for precision strike systems, hypersonic weapons and missile defense solutions. But, what's fueling this rapid expansion? A combination of geopolitical tensions, military modernization programs, and cutting-edge defense technological advancements has positioned Lockheed as a dominant missile player in the global arms market. Notably, escalating conflicts around the globe, especially in the Middle East lately, have prompted nations worldwide to prioritize their missile capabilities as a strategic deterrent. This, in turn, has been boosting demand for Lockheed's renowned missiles like High Mobility Artillery Rocket System ('HIMARS'), Javelin, and Terminal High Altitude Area Defense ('THAAD') missile systems. In addition to traditional missile products, Lockheed is at the forefront of hypersonic missile development, with programs like the AGM-183A Air-Launched Rapid Response Weapon ('ARRW') and the Long-Range Hypersonic Weapon ('LRHW') gaining traction. Consequently, Lockheed is witnessing solid order flow for its missiles. Such order growth culminates in solid revenue generation for LMT's MFC unit. This unit witnessed a notable year-over-year sales rise of 11%, 13% and 8% in the past three consecutive quarters. Looking ahead, to further keep the growth streak alive for its MFC unit, Lockheed continues to innovate new missile programs. LMT launched its Mako hypersonic multi-mission missile last year, which can be deployed from 5th-generation fighter jets. The company introduced a new cruise missile, the Common Multi-Mission Truck ('CMMT') missile, in 2025. Other Stocks Warranting a Look LMT apart, defense stocks like Northrop Grumman Corp. (NOC) and RTX Corp. (RTX) also warrant a look, considering their deep involvement in the missile industry. Northrop Grumman provides high-speed, long-range strike weapons like the AARGM-ER, which is a supersonic, air-launched tactical missile system. It also develops and builds advanced missile defense technology, ranging from command systems to directed energy weapons, advanced munitions and powerful sensors. RTX is known for its missile defense systems like the Patriot and SM-6, which are in high demand globally. It also provides advanced sensors and interceptors to identify, track and defeat threats as part of a layered missile defense. The Zacks Rundown for LMT Shares of LMT have lost 12.3% in the year-to-date period against the industry's 27.3% growth. Image Source: Zacks Investment Research The company's shares are trading at a discount on a relative basis, with its forward 12-month Price/Earnings being 16.25X compared with its industry's average of 27.70X. Image Source: Zacks Investment Research The Zacks Consensus Estimate for LMT's near-term earnings has moved south in the past 60 days. Image Source: Zacks Investment Research LMT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report Northrop Grumman Corporation (NOC) : Free Stock Analysis Report RTX Corporation (RTX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Insider
21 hours ago
- Business Insider
Lockheed Martin awarded $4.23B Army contract modification
Lockheed Martin (LMT) was awarded a $4.23B modification to a contract for production of the Guided Multiple Launch Rocket System. The total cumulative face value of the contract is $13.27B. Bids were solicited via the internet with one received. Work locations and funding will be determined with each order, with an estimated completion date of Oct. 20, 2027. Army Contracting Command is the contracting activity. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
