Lockheed Martin

Lockheed Martin (NYSE:LMT) on Friday was awarded U.S. Space Force contracts to develop capabilities for the Space-Based Interceptor program. The firm has been selected by the U.S. Space Force to enhance its missile defense capabilities through the Space-Based Interceptor program, which aims to...

Defense and aerospace stocks have emerged as a bright spot amid turbulent and chaotic broader market conditions, with the iShares U.S. Aerospace & Defense ETF (BATS:ITA) up 5.7% year-to-date and the VanEck Defense UCITS ETF (LON: DFNG) up 20.81%, while the S&P 500 and the Nasdaq have...

President Donald Trump has announced that the United States will escalate its military sales to India from 2025, which will include the supply of F-35 fighter jets. As detailed by Reuters, Trump declared that the U.S. will augment its weapons sales to the South Asian nation by billions of dollars,...

On Monday, Cathie Wood-led Ark Invest made significant trades involving Lockheed Martin Corp (NYSE:LMT), Reddit Inc (NYSE:RDDT), and Iridium Communications Inc (NASDAQ:IRDM). The Lockheed Martin Corp Trade Ark Invest’s decision to sell 15,995 shares of Lockheed Martin Corp (NYSE:LMT) through...

The stock market experienced a notable rebound today, with tech stocks leading the charge after a challenging start to the week. The Nasdaq 100 index rose by 2%, recovering from a decline the previous day. The index ended the day at 19,733.59. This recovery was driven by investor interest in buying...

United Launch Alliance‘s (ULA) owners, Boeing Co. (NYSE:BA) and Lockheed Martin Corp. (NYSE:LMT), are reportedly considering selling the company to Sierra Space for a deal valuing the rocket launch service provider around $2 to $3 billion. What Happened: ULA is a joint venture between Boeing...

Major U.S. indices closed lower, influenced by earnings reports from Tesla, Alphabet, and other companies. The Dow Jones Industrial Average fell by 0.1% to 40,358.09, the S&P 500 dropped 0.2% to 5,555.74, and the Nasdaq edged down 0.06% to 17,997.35. These are the top stocks that gained the...

The Defense Innovation Unit (DIU) of the Pentagon, known for its collaboration with startups, is set to receive a significant increase in funding and support. What Happened: The DIU, founded in 2015, has granted 62 contracts worth $5.5 billion to startups for products ranging from autonomous drones...

In a significant development for the defense sector, Lockheed Martin (NYSE:LMT) has clinched a substantial contract with the U.S. Missile Defense Agency, marking a pivotal moment for the company amidst recent budgetary adjustments and competitive pressures. What Happened: Lockheed Martin has been...

Mad Money host Jim Cramer expressed concern over the recent rally of Lockheed Martin Corporation (NYSE:LMT) on Thursday. What Happened: Cramer posted on X, “Lockheed Martin rallying hard is not a good sign….”. The tweet came after Lockheed Martin stock gained 1.37% on Thursday....

The shares of major U.S. defense contractors have been on a downward spiral due to a global military boom that has seen European counterparts’ stock prices soar. This decline in the U.S. defense industry is largely attributed to the legislative deadlock in Washington, which has created...

The Biden administration is reportedly planning to slash the number of F-35 fighter jets ordered from Lockheed Martin Corporation (NYSE:LMT) by 18% in the upcoming 2025 budget. This decision comes as a result of Congress imposing a limit on the size of the defense budget. What Happened: Based on...

In a recent announcement, Lockheed Martin Corp. (NYSE:LMT) revealed that software issues might cause a delay in the delivery of an upgraded version of its F-35 fighter jets, leading to a significant drop in the company’s stock. What Happened: The world’s largest weapons manufacturer,...

The residence of the late former Prime Minister Kakuei Tanaka in Tokyo was significantly damaged by fire on Monday. No injuries were reported. What Happened: The fire broke out in a two-story house within the premises of the residence. The police were called to the Bunkyo Ward around 3:20 p.m....

In a bid to enhance its defense capabilities, South Korea has decided to procure an additional 20 F-35A stealth fighter jets from the U.S.. The decision comes in light of mounting military threats from Kim Jong Un‘s North Korea. What Happened: On Wednesday, South Korea’s Defense...