Ultra Maritime says five newest US-spec sonobuoys are production-ready

Jefferies reiterated a Hold rating on Lockheed Martin (LMT) with a $595 price target, citing its undervaluation and growth potential. The F-35 program, a key revenue driver, saw a $51 billion cost increase due to modernization. LMT recently secured multiple defense contracts, including missile defense and F-35 modifications, highlighting its strategic positioning. The company's revenue over the last twelve months was $77 billion, with a PEG ratio of 0.38.

Lockheed Martin (LMT), a $125.7B defense contractor, has outperformed the industrial sector with a 12.6% YTD gain. It raised 2026 revenue and EPS guidance, driven by strong missile sales and a $35B THAAD contract. Its backlog surged 38.3% to $230.4B. Analysts give LMT a 'Moderate Buy' rating with a $636.14 price target.

Lockheed Martin, Raytheon (RTX), and Tata Advanced Systems Limited signed an agreement to co-produce Javelin missiles in India. The deal aims to boost India's defense manufacturing and U.S.-India defense partnership, with production supporting U.S. jobs and Indian workforce development, according to Lockheed Martin.

The US signed seven-year contracts with General Dynamics and Lockheed Martin to boost production of THAAD and Patriot missile components. Goals include tripling PAC-3 MSE and quadrupling THAAD interceptor production. Funding is subject to annual appropriations, with guaranteed minimum quantities to support supplier investments.

An investigation by Airwars, supported by weapons experts and verified by AP, suggests US Precision Strike Missiles (PrSM) may have killed civilians in Lamerd, Iran, far from detonation sites. Iranian officials reported 21 civilian deaths. The US military denies responsibility, attributing the strikes to an Iranian missile. Lockheed Martin, the missile's developer, has a $4B Pentagon contract for increased production.

Denmark finalized an order for 16 more Lockheed Martin F-35As, raising its fleet to 43 by 2030. The deal was confirmed by a Pentagon report, despite a production-line fire damaging one jet. The first deliveries are expected in 2026. The order comes amid political tensions over Greenland's status, with the Trump administration expressing interest in the territory.