TickerBrief

LMT · Lockheed Martin Corporation

Lockheed Martin Corp LMT

Designs, builds, and services military aircraft, missiles, and space systems for defense and government customers.

Industry
Aerospace & Defense
Listed on
New York Stock Exchange
IPO
1961-10-11
Website
lockheedmartin.com

Daily brief

Lockheed Martin rises as Morgan Stanley upgrades stock on new F-35 framework

+5.13% to $635.20 from $604.18

What moved LMT

  • Morgan Stanley analyst Kristine Liwag upgraded Lockheed Martin to Overweight from Equal Weight and raised her price target to $835 from $690, saying the new F-35 agreement “effectively removes” a key risk for the stock.
  • The framework covers at least 850 jets over 10 years while keeping annual output at 156 aircraft, according to Morgan Stanley’s note.
  • Morgan Stanley also pointed to strength in Lockheed’s Missiles and Fire Control unit, where sales rose 24% year over year.
  • Other analysts also moved on the news: Jefferies raised its price target to $615 while keeping a Hold rating, and Citi and RBC also raised their targets, though the F-35 framework still requires congressional funding approval and is not a finalized procurement contract.

Sources: Investing.com · Yahoo Finance · Ad-Hoc-News

Daily brief

Lockheed Martin rises after Q3 beat and record backlog

+6.96% to $589.91 from $551.51

What moved LMT

  • Lockheed Martin reported third-quarter EPS of $7.97, above the roughly $7.52 analyst estimate, on revenue of about $20.7 billion.
  • Backlog hit a record $292 billion, up from $230 billion in the second quarter.
  • The company pointed to a new output agreement tied to F-35 production as a growth driver.
  • Lockheed raised its full-year outlook following the results.

Sources: GuruFocus · Seeking Alpha · Investing.com

Daily brief

Lockheed Martin gains on UBS upgrade to Buy

+2.07% to $536.15 from $525.28

What moved LMT

  • UBS upgraded Lockheed Martin’s rating, citing the F-35 fighter-jet franchise and missile sales as drivers of earnings growth it said investors currently underappreciate.
  • UBS projected roughly 150% revenue growth from 2025 to 2030 for Lockheed’s missiles and fire-control segment, based on multi-year production frameworks.
  • Shares also drew support from a broader defense-sector rally tied to escalating Middle East tensions.

Sources: CNBC · Investing.com · Bloomberg

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