Lockheed Martin Shares Poised for Rebound on Major Defense Contracts

After a period of declining performance, Lockheed Martin Corporation has received two significant boosts that could signal a reversal of fortune for the defense giant. A landmark approval for fighter jet exports to the Middle East, coupled with a substantial naval contract from a key European ally, has unlocked substantial revenue streams previously unavailable to the company. Is the aerospace and defense leader on the cusp of a sustained recovery following its recent downturn?

Beyond the headlines from the Middle East, Lockheed Martin has secured a crucial win in Europe. The German Navy has selected the company’s CMS 330 combat management system to equip its new fleet of frigates. This Read more...