Mine Detection System Industry Research Report 2024-2033 [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Yahoo! Finance
The global mine detection system market has demonstrated a progressive trajectory, rising to a remarkable $5.33 billion valuation in 2023. It has expanded at a steady compound annual growth rate (CAGR) of 3.31% from the period of 2018 to 2023. Projections suggest a continued expansion, with anticipated growth at a rate of 6.90% to reach $10.64 billion by the year 2028, followed by a CAGR of 7.40% leading up to 2033. Driving Forces and Challenges The market's growth is primarily attributed to the swift economic progression in emerging markets, an uptick in military land clearance operations, and government initiatives and contracts. The domain has also faced challenges, notably due to demanding terrain conditions impeding operations. Looking ahead, factors such as the heightened incidence of landmine casualties, surges in defense budgets, an increase in demining projects, and rising terrorism are poised to propel the market further. However, potential disruptions in the supply cha
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LMT
Earnings
- 10/22/24 - Beat
LMT
Sec Filings
- 11/13/24 - Form 8-K
- 10/28/24 - Form 4
- 10/22/24 - Form 10-Q
- LMT's page on the SEC website