Lockheed Martin Secures $2.8B+ in New Contracts for F-35 Sustainment, GPS Satellites; Eyes GM Partnership
LMT sits 29% above its 52-week low of $410.11.
Summary
Lockheed Martin announced significant new contract wins, including a $2.29 billion F-35 sustainment agreement and a $514 million U.S. Space Force contract for GPS satellites. These awards, totaling over $2.8 billion, bolster the company's backlog and provide future revenue visibility, which is particularly important following the Q1 2026 decline in net earnings. Additionally, the company is in discussions with General Motors to potentially collaborate on munitions component production, aiming to increase manufacturing capacity. This strategic move could enhance operational efficiency and address demand for its defense programs.
At the time of this announcement, LMT was trading at $530.56 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $122.3B. 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.