Latest news with #LockheedMartinCorporation
Yahoo
29-05-2025
- Business
- Yahoo
Lockheed Martin Secures $509M Contract for GPS III Satellite Program
On May 28, Lockheed Martin Corporation (NYSE:LMT) secured a $509.76 million contract modification from the U.S. Air Force for the development of GPS III Follow-On Space Vehicles 21 and 22, increasing the total contract value to $4.1 billion. A shot of a prototype aircraft taking to the skies, the symbol of the companies innovation in aerospace & defense. This contract builds upon Lockheed Martin's ongoing work with GPS III satellites. The project features advanced anti-jamming and anti-spoofing M-code technology designed to improve secure access to military GPS signals for US and allied armed forces. The GPS III program has shown rapid development capabilities in recent months. In mid-December, SpaceX launched Lockheed's seventh GPS III satellite, known as Rapid Response Trailblazer (RRT-1). This came after the pre-launch planning period was slashed from two years to less than five months. The upcoming launch of the eighth GPS III satellite is expected to further reduce this timeline to just three months. The latest contract modification comes as Lockheed Martin is expanding its international defense partnerships. The company was recently selected to collaborate with Vrgineers, a Czech-based virtual and mixed-reality technology firm, as part of an industrial cooperation project for the Czech Republic's purchase of F-35 Lightning II aircraft. Lockheed Martin Corporation (NYSE:LMT) is a Bethesda, Maryland-based global aerospace, defense, and security company. The company specializes in research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. It operates through four main segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. While we acknowledge the potential of Lockheed Martin Corporation (NYSE:LMT) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LMT and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Yahoo
29-05-2025
- Business
- Yahoo
Lockheed Martin Secures $509M Contract for GPS III Satellite Program
On May 28, Lockheed Martin Corporation (NYSE:LMT) secured a $509.76 million contract modification from the U.S. Air Force for the development of GPS III Follow-On Space Vehicles 21 and 22, increasing the total contract value to $4.1 billion. A shot of a prototype aircraft taking to the skies, the symbol of the companies innovation in aerospace & defense. This contract builds upon Lockheed Martin's ongoing work with GPS III satellites. The project features advanced anti-jamming and anti-spoofing M-code technology designed to improve secure access to military GPS signals for US and allied armed forces. The GPS III program has shown rapid development capabilities in recent months. In mid-December, SpaceX launched Lockheed's seventh GPS III satellite, known as Rapid Response Trailblazer (RRT-1). This came after the pre-launch planning period was slashed from two years to less than five months. The upcoming launch of the eighth GPS III satellite is expected to further reduce this timeline to just three months. The latest contract modification comes as Lockheed Martin is expanding its international defense partnerships. The company was recently selected to collaborate with Vrgineers, a Czech-based virtual and mixed-reality technology firm, as part of an industrial cooperation project for the Czech Republic's purchase of F-35 Lightning II aircraft. Lockheed Martin Corporation (NYSE:LMT) is a Bethesda, Maryland-based global aerospace, defense, and security company. The company specializes in research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. It operates through four main segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. While we acknowledge the potential of Lockheed Martin Corporation (NYSE:LMT) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LMT and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-05-2025
- Business
- Yahoo
Lockheed Martin Corporation (LMT) Skunk Works and Danish MOD Prove F-35 Interoperability in Flight
Lockheed Martin Corporation (NYSE:LMT) Skunk Works and Denmark's Ministry of Defence have completed a live F-35 interoperability demonstration, the company announced on Monday. This marks another success in a series of demonstrations, showcasing the fighter jet as a powerful force multiplier that enables allied forces to rapidly connect systems across the battlespace. Two fighter jets in flight, highlighting the technology and experience of the companies combat aircraft. The Danish F-35 jets, which flew out of Fort Worth, shared classified data via DAGGR-2, an Open Systems Gateway (OSG) built in collaboration with the Missile Defense Agency. DAGGR-2 transmitted the data using satellite communications to the Skrydstrup Air Base in Denmark. Here is what Danish Air Chief, Major General Jan Dam, said about the successful demonstration: "This marked a significant milestone toward enhancing Denmark's capabilities, as it enabled our MDO staff to witness in real-time the potential of the F-35's ability to collect, analyse and share advanced data across geographically dispersed networks. Our close collaboration with Skunk Works has been instrumental in accelerating the rapid deployment of such capabilities, and we're very pleased with the results." OJ Sanchez, vice president and general manager at Lockheed Martin Corporation (NYSE:LMT) Skunk Works, also welcomed the achievement: "This collaboration with the Danish MOD enabled us to do what we do best at Skunk Works – rapidly deploy ready-now capabilities at a pace unparalleled in the industry and prove it through real-world flights. This demonstration builds on our successful track record of collaboration with international partners and defines what truly sets us apart: our commitment to Open Systems Architecture, which enables seamless integration across any platform, sensor, or shooter – regardless of the manufacturer." The F-35, manufactured by Lockheed Martin Corporation (NYSE:LMT), is one of the most advanced fighter jets in the world. There are currently over 1,170 F-35s in operation worldwide, with the fleet surpassing more than 1 million flight hours. While we acknowledge the potential of LMT, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LMT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Best Drone Stocks to Buy According to Billionaires and 11 Best American Defense Stocks to Buy Now. Disclosure: None.
Yahoo
17-05-2025
- Business
- Yahoo
Insiders At Lockheed Martin Sold US$7.7m In Stock, Alluding To Potential Weakness
Over the past year, many Lockheed Martin Corporation (NYSE:LMT) insiders sold a significant stake in the company which may have piqued investors' interest. When evaluating insider transactions, knowing whether insiders are buying is usually more beneficial than knowing whether they are selling, as the latter can be open to many interpretations. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period. Although we don't think shareholders should simply follow insider transactions, we do think it is perfectly logical to keep tabs on what insiders are doing. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Over the last year, we can see that the biggest insider sale was by the President of Rotary & Mission Systems, Stephanie Hill, for US$2.1m worth of shares, at about US$443 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$468. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. This single sale was just 26% of Stephanie Hill's stake. In the last year Lockheed Martin insiders didn't buy any company stock. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! See our latest analysis for Lockheed Martin If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations. The last three months saw significant insider selling at Lockheed Martin. Specifically, insiders ditched US$3.9m worth of shares in that time, and we didn't record any purchases whatsoever. In light of this it's hard to argue that all the insiders think that the shares are a bargain. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Insiders own 0.07% of Lockheed Martin shares, worth about US$79m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders. Insiders sold stock recently, but they haven't been buying. Looking to the last twelve months, our data doesn't show any insider buying. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. In terms of investment risks, we've identified 2 warning signs with Lockheed Martin and understanding these should be part of your investment process. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
30-04-2025
- Business
- Yahoo
Jim Cramer Says Lockheed Martin Corporation (LMT) CEO James Taiclet ‘Has Been A Good Steward Of Things'
We recently published an article titled . In this article, we are going to take a look at where Lockheed Martin Corporation (NYSE:LMT) stands against the other stocks Jim Cramer recently discussed. In a recent appearance on CNBC's Squawk on the Street, Jim Cramer discussed the unease among business people regarding the President attempting to fire Federal Reserve Chair Jerome Powell. While the President has assured everyone that he will not try to remove the Fed chair, Cramer commented that the potential removal along with the tariff policy had created a lot of uncertainty amongst businesses. Starting with commenting on the Dow dropping 1,000 points before the open but attempting to rally at the previous close, Cramer stated: "Actually, that was a really interesting turn. Because no one could figure it out. It was almost as if somebody knew that the President was going to go, now I follow his Truth Social, like I go there like every five minutes. That there wasn't going to be anything today. Uh, there is a belief I think among the executives I speak to and obviously we all speak to a lot of execs, that the President is so off the reservation with this attack on J Powell that, they're not able to really speak about it." With markets being in a constant state of turmoil recently, it's unsurprising that Cramer has commented on their performance quite a lot. In a previous appearance, he advised viewers to be optimistic. One major factor that's driving stocks lower is investor perception of a weakening consumer. However, Cramer has pointed out multiple times that the consumer appears to be strong. For instance, earlier this month, : 'I think that the agri-consumer, as long as they have jobs, yes. I don't think they sit there and say, you know what, there's coming tariff, I'm going to just disappear. Now you can see these numbers are pulled through. I don't buy that." In another appearance, Cramer shared data from the latest earnings call of one of America's largest card issuers and travel services providers to : "Uh, I am talking about numbers which by the way include, and we've got first twelve days of this month. Steve Squeri going over things, you're talking about, restaurant spending up 8%, lodging up 6%, goods up 7%, card membership, obviously more and more tremendous numbers have increased. 3.4 million. David, this is as good a quarter if you had to say anything, you would say that the consumer is on fire actually." To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC's Squawk on the Street aired on April 22nd. For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A military aircraft in flight, showing the strength of the company's combat & air mobility capability. Number of Hedge Fund Holders In Q4 2024: 65 Lockheed Martin Corporation (NYSE:LMT) is America's premier defense contractor when it comes to air superiority as its fighter jets form the backbone of the US Air Force. However, the shares have lost 3.9% year-to-date due to worries about lower defense spending due to the Trump administration's shifting approach to the Ukraine conflict and an overall aim to reduce government spending. Cramer believes Lockheed Martin Corporation (NYSE:LMT) is being led by stable hands: "I think Lockheed Martin, you know Taiclet has been a good steward of things." Overall LMT ranks 8th among the stocks Jim Cramer recently discussed. While we acknowledge the potential of LMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than LMT but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at . Sign in to access your portfolio
