Lockheed Guides Q2 Sales Up 6.5%, Launches Anti-Drone Tech, Flags Hypersonic Delays
LMT sits 25% above its 52-week low of $410.11.
Summary
Lockheed Martin projects Q2 sales of ~$19.33B, up 6.5% YoY, with EPS of $7.20 versus $1.46 a year ago when special charges weighed. The company also unveiled two new counter-drone systems — MORFIUS X-Rotor and PAC-3 ACE — aimed at cheaper, faster deployment, and shares rose premarket. However, Dark Eagle hypersonic missile deliveries are delayed due to manufacturing defects; the Army expects the final two of eight in about two months. This follows a string of major contract wins, including a $35B THAAD deal and $10.5B SOCOM logistics contract, reinforcing the revenue pipeline. The Q2 outlook signals a sharp earnings recovery, but hypersonic execution remains a near-term risk.
At the time of this announcement, LMT was trading at $511.10 on NYSE in the Manufacturing sector, with a market capitalization of approximately $117.5B. The 52-week trading range was $410.11 to $692.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.