Lockheed Martin reported strong Q2 results, surpassing expectations due to increased global defense demand driven by conflicts in Ukraine and the Middle East. The company now has a record $230.4 billion backlog, providing multi-year revenue visibility. Management raised its full-year guidance and projects 2026 revenue between $79.75 billion and $81.75 billion, with earnings per share (EPS) forecasted between $29.95 and $30.65. Despite a 12.5% stock rally post-earnings and a 19x price-to-earnings ratio for 2026, Lockheed Martin remains a solid investment, though it is no longer considered a bargain.
Wall Street experienced a significant selloff with the Nasdaq 100 nearing correction territory and the Dow Jones dropping over 1,000 points, wiping out recent gains. The selloff is driven by fears of rising interest rates after three Federal Reserve ...
The U.S. government awarded Lockheed Martin a $53.86 billion contract modification to increase production of PAC-3 Missile Segment Enhancement interceptors over seven years, raising the total contract value to $58.62 billion. This funding will triple...
The iShares US Aerospace & Defense ETF (ITA) has earned a strong buy rating due to robust growth in the aerospace and defense sectors. Key companies in the ETF, such as GE, RTX, TDG, HWM, and LMT, have surpassed earnings expectations, raised their fu...
