With Ukraine showing the need for drones and AI, a new breed of defense company hopes to cash in on Europe's $865 billion drive to counter Russia without America's help [Fortune]
Lockheed Martin Corporation (LMT)
Last lockheed martin corporation earnings: 4/21 07:30 am
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Source: Fortune
Shocked by America's friendliness toward Russia and antipathy toward Europe under the second Trump administration, Europe's leaders are promising previously unthinkable amounts of money both to build up their own militaries and to continue aid to Ukraine. The European Union plans to provide €150 billion ($163 billion) in loans so countries can buy weapons, and to relax its fiscal rules so they can boost their defense spending by a further €650 billion. (That brings the total to €800 billion, or $865 billion.) Frugal Germany is even reforming its constitutionally enshrined “debt brake” mechanism, so defense spending above 1% of GDP doesn't count towards the debt ceiling; this could unlock tens of billions in further annual military spending for
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News
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- Lockheed Martin Co. (NYSE: LMT) was downgraded by analysts at Royal Bank of Canada from an "outperform" rating to a "sector perform" rating. They now have a $480.00 price target on the stock, down previously from $550.00.MarketBeat
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LMT
Earnings
- 1/28/25 - Miss
LMT
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