RTX Clinches a $946M Contract to Support Patriot Missile Program [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
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Source: Yahoo! Finance
RTX Corp. RTX recently secured a modification contract to provide hardware, software and services for the production of the Patriot missile program. The award has been offered by the U.S. Army Contracting Command, Redstone Arsenal, AL. Valued at $946.4 million, the contract is projected to be completed by Dec. 31, 2029. What's Favoring RTX Stock? Global defense spending has surged rapidly over the past decade as nations are significantly enhancing their military capabilities amid rising geopolitical tensions worldwide. This has been driving investments in advanced arms, including missile systems critical for modern warfare. RTX, being a leading missile manufacturer, thus benefits from steady orders from the Pentagon and U.S. allies involving its combat-proven missiles and associated parts as well as services. The recent contract award exemplifies RTX's pivotal role in meeting this growing global requirement for missiles and missile defense capabilities. Notably, Patriot is a
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News
- Ukraine’s Old Su-25 Attack Jets Have Become Standoff Precision Bombers [Forbes]Forbes
- Details of RTX's Deal [Yahoo! Finance]Yahoo! Finance
- Lockheed Martin Announces Fourth Quarter and Full Year 2024 Earnings Results WebcastPR Newswire
- Lockheed Martin Co. (NYSE: LMT) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating. They now have a $523.00 price target on the stock, down previously from $611.00.MarketBeat
- China Slaps Sanctions On US Firms Over Taiwan Arms Sales [Barron's]Barrons
LMT
Earnings
- 10/22/24 - Beat
LMT
Sec Filings
- 12/26/24 - Form 3
- 12/20/24 - Form 144
- 12/11/24 - Form 8-K
- LMT's page on the SEC website