Lockheed Martin is awarded a $35 billion contract to produce THAAD interceptors, likely boosting revenue and earnings for years to come.
Lockheed Martin Corp.
(NYSE:LMT) just handed defense bulls a fresh catalyst, and the market may still be underpricing the ripple effects.
LMT stock is up.
See the chart and price action here.
On Wednesday, Lockheed announced it was awarded a seven-year undefinitized contract action (UCA) for up to $35 billion to quadruple production of Terminal High Altitude Area Defense (THAAD) interceptors.
Lockheed Martin (LMT) shares rise after breaking ground on a new Alabama munitions facility to expand THAAD interceptor…
As U.S. lawmakers worry over the munitions stockpile, Lockheed Martin announced a multiyear contract to increase THAAD production…
The company said the contract “puts in action” the THAAD framework agreement Lockheed signed with the DoD in January designed to…
Lockheed Martin secures a $35 billion Pentagon contract to quadruple THAAD missile interceptor production from 96 to 400 units…
The weapons maker will produce THAAD missile rounds at its facilities in Texas, California, Arkansas and Alabama. The company is…
... unmistakable demand signal to defense-industrial partners.
