Lockheed (LMT) to Deliver Next-Gen Missile Interceptor to US

Zacks04-16

Lockheed Martin Corporation LMT recently secured a contract from the U.S. Missile Defense Agency to develop the nation’s Next Generation Interceptor (NGI). This award should bolster LMT’s position in ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2427871534?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/j.L7VZNwWJHhaKzrZeY.Bg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/37f075b2c18497d0651945461f5597ea","is_english":true,"pubTime":"2024-04-16 21:10","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2427871534","market":"us","top_or_hot":-1,"title":"Lockheed (LMT) to Deliver Next-Gen Missile Interceptor to US","media":"Zacks","content":"<div>\n<p>Lockheed Martin Corporation LMT recently secured a contract from the U.S. Missile Defense Agency to develop the nation’s Next Generation Interceptor (NGI). This award should bolster LMT’s position in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/lockheed-lmt-deliver-next-gen-131000265.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lockheed (LMT) to Deliver Next-Gen Missile Interceptor to US</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLockheed (LMT) to Deliver Next-Gen Missile Interceptor to US\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-16 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/lockheed-lmt-deliver-next-gen-131000265.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lockheed Martin Corporation LMT recently secured a contract from the U.S. Missile Defense Agency to develop the nation’s Next Generation Interceptor (NGI). This award should bolster LMT’s position in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/lockheed-lmt-deliver-next-gen-131000265.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B3S45H60.SGD","symbol_name":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/lockheed-lmt-deliver-next-gen-131000265.html","article_id":"2427871534","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/j.L7VZNwWJHhaKzrZeY.Bg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/37f075b2c18497d0651945461f5597ea"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427871534","pubTimestamp":1713273000,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Lockheed Martin Corporation LMT recently secured a contract from the U.S. Missile Defense Agency to develop the nation’s Next Generation Interceptor . This award should bolster LMT’s position in the rapidly expanding missile defense systems market.Per Reuters, this contract is valued at $17 billion.Per the latest report from the Research and Markets firm, the global missile and missile defense systems market is expected to witness a CAGR of 4.82% over the 2024-2029 period.Such projections exemplify immense opportunities for Lockheed to capitalize on the expanding market. Notably, the company also builds the Next Generation Overhead Persistent Infrared system, which provides the U.S. Space Force with enhanced worldwide missile warning capabilities.The burgeoning growth prospects of the aforementioned market are also likely to benefit other defense majors like Northrop Grumman NOC, RTX Corporation RTX and General Dynamics GD, which have a well-established position in the missile system m","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4516":"特朗普概念","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","NOC":"诺斯罗普格鲁曼","BK4187":"航天航空与国防","BK4564":"太空概念","BK4532":"文艺复兴科技持仓","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","GEN":"GEN DIGITAL INC","BK4585":"ETF&股票定投概念","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4566":"资本集团","GD":"通用动力","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LMT":"洛克希德马丁","BK4550":"红杉资本持仓","BK4588":"碎股","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BK4097":"系统软件","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","RTX":"雷神技术公司","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC"},"translate_title":"洛克希德公司将向美国交付下一代导弹拦截器","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RTX":1,"NOC":1,"GD":1,"GEN":1,"LMT":1},"content_text":"Lockheed Martin Corporation LMT recently secured a contract from the U.S. Missile Defense Agency to develop the nation’s Next Generation Interceptor (NGI). This award should bolster LMT’s position in the rapidly expanding missile defense systems market.Per Reuters, this contract is valued at $17 billion.\nSignificance of NGI\nThe NGI is a modern, never-fail weapon system designed to protect the homeland against increasing and evolving ballistic missile threats. It is equipped with kill vehicle technology and combat-proven exo-atmospheric threat intercept experience.The development of NGI will modernize the United States’ Ground-Based Midcourse Defense program, thereby possessing the ability to defend the nation against an intercontinental ballistic missile attack.\nWhat’s Favoring Lockheed Martin?\nAmid the widespread increase in geopolitical tensions worldwide, nations have been strengthening their defense arsenal manifold in recent times. With rapid technological upgrades, missile defense has steadily become pivotal in a nation’s defense strategy. The increased missile defense adoption by nations like the United States has been offering prominent missile makers like Lockheed Martin solid growth opportunities.Notably, Lockheed Martin’s Space Systems unit is the prime contractor for the development, production and support of equipment for missile defense systems like command and control, battle management and communications (C2BMC) system, apart from NGI. C2BMC is an operationally-proven, layered missile defense system that allows commanders to make synchronized decisions about threats at any range, in any phase of flight, from any location in the world.With such remarkable missile defense products in its portfolio, Lockheed continues to witness solid order flows from the Pentagon and U.S. allies, like the latest one, which should boost revenues for LMT’s Space Systems unit that registered a solid 9% year-over-year growth in 2023.\nGrowth Prospects\nPer the latest report from the Research and Markets firm, the global missile and missile defense systems market is expected to witness a CAGR of 4.82% over the 2024-2029 period.Such projections exemplify immense opportunities for Lockheed to capitalize on the expanding market. Notably, the company also builds the Next Generation Overhead Persistent Infrared system, which provides the U.S. Space Force with enhanced worldwide missile warning capabilities.The burgeoning growth prospects of the aforementioned market are also likely to benefit other defense majors like Northrop Grumman NOC, RTX Corporation RTX and General Dynamics GD, which have a well-established position in the missile system market.Northrop designs and produces missile products, including advanced high-speed propulsion systems, fuses, warheads and controls for air, sea and land-based systems. Currently, it is building an ultramodern 113,000-square-foot complex in West Virginia to manufacture more advanced defense and strike missiles. Upon completion in 2024, the missile integration facility will support the production of up to 300 strike missiles per year, with an expansion capacity to produce 600 per year.NOC boasts a long-term (three-to-five-years) earnings growth rate of 10.1%. The Zacks Consensus Estimate for 2024 sales indicates an improvement of 4.6% from the 2023 reported figure.RTX is a leading designer, developer, integrator, producer and sustainer of integrated air and missile defense systems. Its product portfolio includes the Advanced Medium-Range Air-to-Air Missile, the Guidance Enhanced Missile, the National Advanced Surface-to-Air Missile System, Tomahawk, Standard Missile 2 and a few more.RTX’s long-term earnings growth rate is 10.2%. The Zacks Consensus Estimate for 2024 sales indicates an improvement of 5.7% from the 2023 reported figure.General Dynamics’ Ordnance and Tactical Systems provides missile subsystems in support of U.S. tactical and strategic missiles, provisioning both legacy and next-generation missiles with critical aerostructures, control actuators, high-performance warheads and cutting-edge hypersonic rocket cases. It is the sole producer and system integrator of the 2.75-inch (70mm) Hydra-70 family of rockets.GD boasts a long-term earnings growth rate of 10.8%. The Zacks Consensus Estimate for 2024 sales indicates an improvement of 10% from the 2023 reported figure.\nPrice Performance\nIn the past six months, shares of LMT have gained 2.7% against the industry’s 2.1% decline.\nImage Source: Zacks Investment Research\nZacks Rank\nLockheed Martin currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nLockheed Martin Corporation (LMT) : Free Stock Analysis Report\nNorthrop Grumman Corporation (NOC) : Free Stock Analysis Report\nGeneral Dynamics Corporation (GD) : Free Stock Analysis Report\nRTX Corporation (RTX) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2427871534"}