Lockheed Martin (LMT) Secures $298 Million in New Defense Contra

Lockheed Martin (LMT) received a $245M contract modification from the U.S. Navy for F/A-18E/F Infrared Search and Track Block II production. Additionally, the company secured a $724M missile defense contract.

L3Harris has secured a $6 billion contract from Lockheed Martin to provide propulsion systems for the THAAD missile defense system. The deal highlights L3Harris's role in defense technology and could impact its financial performance.

L3Harris Technologies (LHX) secured a $6 billion contract from Lockheed Martin (LMT) to boost propulsion production for the THAAD missile defense system over seven years. The deal is a major win for L3Harris.

L3Harris (LHX) secured a $6B+ contract from Lockheed Martin (LMT) to produce THAAD propulsion components. LHX shares are down 20% YTD, while LMT has risen 5%. Retail sentiment on Stocktwits is neutral for LMT and bearish for LHX.

Lockheed Martin (LMT) received a $18.9M contract modification for the Three-Dimensional Expeditionary Long-Range Radar program, increasing its total value to $1.01B. The work, to be completed by June 2029, supports the U.S. Air Force's investment in advanced radar systems. LMT's shares have risen 5.3% in the past year, trading at a forward P/S of 1.43X, below its industry average.

L3Harris won a $6B contract with Lockheed Martin to expand production of THAAD missile interceptor propulsion systems. The seven-year deal involves building a new facility and increasing capacity. L3Harris expects the contract to align with its prior guidance for the program. THAAD has a 100% intercept success rate in tests, according to the company.