Lockheed Martin Wins $514M US Space Force Contract for GPS Satellites
LMT sits 30% above its 52-week low of $410.11.
Summary
Lockheed Martin secured a $514 million contract from the U.S. Space Force for GPS IIIF SV23 & 24. This contract adds to a series of recent wins, including a $4.8 billion U.S. Army contract in April, and provides a steady revenue stream. The win reinforces Lockheed Martin's role in critical space defense programs, following a Q1 2026 report that noted declining net earnings and negative free cash flow.
At the time of this announcement, LMT was trading at $533.49 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $123B. 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 7 out of 10. Source: Reuters.