LMT Secures a Contract to Support MK-41 Vertical Launch System [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=83941&p=irol-irhome
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Source: Yahoo! Finance
The demand for Lockheed Martin's MK-41 VLS is driven by its features such as operational availability, survivability, and versatility, and it has been deployed by 13 navies across the globe on more than 26 ship classes, which comprise of more than 180 ships. The missile and missile defense systems market is expected to increase from $13.51 billion in 2024 to $17.22 billion by 2029 at a CAGR of 5%, driven by rapidly increasing geopolitical tensions and heightened regional conflicts, which should bode well for Lockheed Martin's growth prospects. Other defense companies that are likely to benefit from the expanding missile and missile system market include Northrop Grumman Corporation, RTX Corporation, and The Boeing Company, which provide various missile defense systems and have a strong presence in the market. Shares of Lockheed Martin have gained 15.2% in the past six months against the industry's 3.9% decline, and the company currently carries a Zacks Rank #3 (Hold). Lockhee
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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