The
Lockheed Martin Corporation (LMT) has seen a tumultuous time over recent months. Despite witnessing a
16% stock loss within 3 months, the signs of recovery are already visible as it traded 0.2% higher recently. Some investors see this as an opportunity to buy stocks at a discounted rate. Meanwhile, major contracts such as a
$11.8 billion contract to produce F-35 jets and a
$3.4 billion U.S. Navy contract modification secured by the company are key value-adds. Besides, LMT launches
Astris AI that delivers secure AI solutions for defense and the commercial sector. On the other hand, it also underperformed generating criticism like Jim Cramer suggesting investors to stay clear of Lockheed Martin (LMT). Recently, there has been a surge in
institutional ownership with 74% being held by institutional investors. Aside from volatile stock performance,
Lockheed Martin continues to prove its strength with a significant share in the defence market. Despite market losses, LMT's
dividend growth and
earnings report continue to impress. In the end, the corporation draws mixed reactions from both believers and skeptics alike.
Lockheed Martin Corp LMT News Analytics from Wed, 17 Jul 2024 07:00:00 GMT to Fri, 27 Dec 2024 20:00:00 GMT -
Rating 3
- Innovation 5
- Information 8
- Rumor 2
