Defense Giant Lockheed Martin Secures Billions in New Missile Contracts

Lockheed Martin Corporation (NYSE: LMT) experienced an extraordinary week, securing two massive defense contracts totaling nearly $10.7 billion. The significant orders for advanced missile systems have propelled the defense contractor’s stock upward, prompting market observers to question whether this signals a new growth cycle or simply reflects the current volatile global security environment.

The most recent announcement came on Friday. The U.S. Army awarded a follow-on production contract worth up to $900.5 million to the Javelin Joint Venture, a strategic partnership between Lockheed Martin and Raytheon Technologies. This agreement for Javelin anti-tank missile systems is particularly notable for its international scope, marking the system’s entry into new markets with Brazil becoming its first operator in South America and Tunisia its first in North Africa.

This Read more...