Analysis-Europe's small arms company's struggle for cash despite military spending boom [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
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Source: Yahoo! Finance
to drive innovation and grow production lines even as demand soars due to the war in Ukraine and other conflicts, government officials, firms and experts say. A lack of access to public funding, red tape and banks' reluctance to lend on fears of falling foul of environmental, social and governance regulations (ESG) are all hindering growth for smaller players in Europe's defence sector, they say. This as global military expenditure hit an all time high of $2.44 trillion in 2023, up 6.8% from the prior year and the most since 2009, according to the Stockholm International Peace Research Institute. "Most of the problems that have existed in recent times for the defence and security industry have continued or deepened," Defence and Security Industry Association of the Czech Republic Managing Director Jiri Hynek told Reuters. One small firearms maker told Reuters a cash crunch makes it difficult to sell products in Europe, or take part in government tenders. This makes it hard t
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News
- Boeing is looking to jettison the space business. Why it might hold on to its El Segundo satellite operation [Los Angeles Times (CA)]Los Angeles Times
- As a demo pilot, the aim is still "the constant pursuit of perfection, max-performing a military aircraft, flying on the edge of the envelope, learning not only where it can go but where also you can go," Clark told Business Insider in an interview ahead Acquire Media Monitor
- Lockheed Martin Advances Space Capabilities through Strategic Terran Orbital AcquisitionPR Newswire
- Héroux-Devtek's Gilles Labbé has taken some hard knocks on the road to aerospace greatness [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Lockheed Martin Co. (NYSE: LMT) had its price target raised by analysts at Barclays PLC from $505.00 to $565.00. They now have an "equal weight" rating on the stock.MarketBeat
LMT
Earnings
- 10/22/24 - Beat
LMT
Sec Filings
- 10/28/24 - Form 4
- 10/22/24 - Form 10-Q
- 10/22/24 - Form 8-K
- LMT's page on the SEC website