Lockheed Wins Contract for F-35 Joint Strike Fighter Jet Program

Zacks12-06

Lockheed Martin Corp.’s LMT Aeronautics business segment recently clinched a modification contract to support the F-35 Joint Strike Fighter aircraft program. The award has been provided by the Naval ...

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The award has been provided by the Naval ...</p>\n\n<a href=\"https://finance.yahoo.com/news/lockheed-wins-contract-f-35-200000494.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":"LU1244550221.USD","symbol_name":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","start_time":0,"source_url":"https://finance.yahoo.com/news/lockheed-wins-contract-f-35-200000494.html","article_id":"2489641608","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/zWNbxQUqvGoyxDrgkrnhCg--~B/aD00NjU7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/87cb5236f478d7b97d2c86a04cfe4d5f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489641608","pubTimestamp":1733428800,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Lockheed Martin Corp.’s LMT Aeronautics business segment recently clinched a modification contract to support the F-35 Joint Strike Fighter aircraft program. The award has been provided by the Naval Air Systems Command, Patuxent River, MD.Valued at $16.3 million, the contract is expected to be completed by January 2029. Per the terms of the deal, Lockheed will provide non-recurring engineering and associated materials support for the redesigned panoramic cockpit display electronic unit video mixer of F-35 jets.The contract will serve the U.S. Navy, Air Force, Marine Corps and non-Department of Defense participants. Work related to this deal will be executed in Fort Worth, TX.The demand for fighter jets has increased manifold recently, thanks to escalating geopolitical tensions and evolving global security threats. As aerial security remains a critical component of national defense, many nations, especially the developing ones, are significantly boosting their defense arsenals with cutt","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LMT":"洛克希德马丁","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","NOC":"诺斯罗普格鲁曼","BK4185":"保健护理机构","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK4516":"特朗普概念","TXT":"德事隆","BK4187":"航天航空与国防","BK4564":"太空概念","BK4532":"文艺复兴科技持仓","EADSY":"空中客车集团","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4585":"ETF&股票定投概念","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","JYNT":"The Joint Corp.","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4588":"碎股","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD"},"translate_title":"洛克希德公司赢得F-35联合攻击战斗机项目合同","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TXT":1,"NOC":1,"JYNT":1,"LMT":1,"EADSY":0.9},"content_text":"Lockheed Martin Corp.’s LMT Aeronautics business segment recently clinched a modification contract to support the F-35 Joint Strike Fighter aircraft program. The award has been provided by the Naval Air Systems Command, Patuxent River, MD.  \nDetails of the Lockheed Martin Deal\nValued at $16.3 million, the contract is expected to be completed by January 2029. Per the terms of the deal, Lockheed will provide non-recurring engineering and associated materials support for the redesigned panoramic cockpit display electronic unit video mixer of F-35 jets. \nThe contract will serve the U.S. Navy, Air Force, Marine Corps and non-Department of Defense participants. Work related to this deal will be executed in Fort Worth, TX.\nWhat Lies Ahead for LMT Stock?\nThe demand for fighter jets has increased manifold recently, thanks to escalating geopolitical tensions and evolving global security threats. As aerial security remains a critical component of national defense, many nations, especially the developing ones, are significantly boosting their defense arsenals with cutting-edge fighter jets in response to heightened threat scenarios. Technological advancements, particularly in fifth-generation combat jets with advanced sensors, communication systems and multi-domain capabilities, have been further boosting this trend. \nAs global security challenges become increasingly complex, the demand for superior fighter jets is expected to stay strong.\nThis must have prompted the Mordor Intelligence firm to project a 5.2% CAGR in the global military aviation market from 2024 to 2030. Lockheed Martin, with its combat-proven F-35 featuring advanced stealth capabilities, remains well-positioned to capitalize on this market’s immense growth potential.\nNotably, the F-35 program is widely recognized as the most advanced 5th-generation fighter jet, offering unmatched mission readiness. With cutting-edge sensors and communication systems, the F-35 is designed to operate seamlessly across multiple domains, including air, land, sea, space and cyber.\nThese exceptional features must have been driving significant demand for the F-35 jets. The latest contract win is a bright example of that. This jet program’s demand trend can be further gauged from the fact that since its launch, Lockheed has delivered 1,040 units as of Sept. 29, 2024. \nWe may expect Lockheed to continue to win more such contracts with a varied number of combat-proven aircraft in its product portfolio, including the F-16 Fighting Falcon, C-130J Super Hercules, F-21, F-22 Raptor and a few more lethal fighter aircraft, in addition to F-35 jets.\nOpportunities for LMT’s Peers\nOther prominent defense majors that are involved in the manufacturing of military aircraft and thus expected to reap the benefits of the growing military aviation market are discussed below:\nNorthrop Grumman NOC: Its Aeronautics Systems unit designs, develops, produces, integrates, sustains and modernizes advanced military aircraft systems. The company has built some of the world’s most advanced combat aircraft, including the B-2 Spirit stealth bomber jet, E-2D Advanced Hawkeye, A-10 Thunderbolt II, B-21 Raider and others. \nLooking ahead, the consensus estimate for NOC’s long-term (three-to-five years) earnings growth rate is 19.10%. The consensus mark for NOC’s 2024 sales indicates an improvement of 5.3% from the 2023 reported figure. \nAirbus Group EADSY: The company’s military aircraft portfolio consists of the A400M, the C295 tactical transporter, the new-generation A330 Multi Role Tanker Transport and the Eurofighter, the most advanced swing-role fighter ever conceived.\nThe Zacks Consensus Estimate for EADSY’s long-term earnings growth rate is 9.2%. The consensus estimate for its 2024 sales suggests an improvement of 5.1% from the 2023 reported figure. \nTextron TXT: Its Textron Aviation Defense has supported the U.S. Armed Forces for more than 80 years and delivered over 14,500 aircraft to militaries worldwide. This unit’s major programs include the Beechcraft T-6 training aircraft and the Beechcraft AT-6 light attack aircraft.\nThe consensus estimate for TXT’s long-term earnings growth rate is pegged at 10.1%. The consensus mark for 2024 sales indicates an improvement of 1.1% from the 2023 reported figure.\nLMT Stock Price Movement\nShares of Lockheed have rallied 15.1% in the past year against the industry’s 6.1% decline.\nImage Source: Zacks Investment Research\nLMT's Zacks Rank\nLockheed currently carries 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\nTextron Inc. (TXT) : Free Stock Analysis Report\nAirbus Group (EADSY) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"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":"4.29.3","shortVersion":"4.29.3","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/2489641608"}