Lockheed Martin Corporation (NYSE:LMT), an American aerospace and defense company, is causing a stir in the stock market. Despite a mixed performance over the past six months, it remains a solid choice for investors seeking a buffer during economic recessions. Share values have fluctuated in recent months, with lows registered at -1.9% and highs of +1%. The company's consistently strong dividend payouts solidify the stock as one of the best in this sector by 2024. Increasingly, organizations like
InvesTrust,
West Oak Capital LLC, and
Range Financial Group LLC are taking substantial positions in LMT, indicating strong market trust, even with some analysts downgrading the company. The reason behind LMT's soaring popularity? The F-35 fighter jet program. After securing a hefty $15.5 billion for new F-35s, the stock is projected to remain strong into 2025. The recent acquisition of
Astris AI promises to bolster its defense and commercial sectors offerings. Lastly, an impressive delivery of 110 F-35 fighter jets in 2024 signals a possible earnings beat, much to the delight of institutional owners who hold 74% of the company.
Lockheed Martin Corp LMT News Analytics from Wed, 31 Jul 2024 07:00:00 GMT to Sat, 11 Jan 2025 14:45:00 GMT -
Rating 5
- Innovation 7
- Information 9
- Rumor -6
