NYSE:LMTAerospace & Defense
Lockheed Martin (LMT) Lands $58.62 Billion Missile Defense Deal Over Seven Years
Lockheed Martin has secured a new seven year, $58.62 billion multiyear contract from the U.S. government.
The deal covers expanded production of PAC-3 Missile Segment Enhancement interceptors.
The award is expected to support higher output and additional jobs at the company’s Arkansas facility.
For investors watching NYSE:LMT, this contract adds fresh context to a stock that closed at $569.2 and has delivered a 39.6% return over the past year and 80.1% over five years. Lockheed Martin...