St John Frank A sold 3,899 shares of LMT

Lockheed Martin (LMT) acquired Nova Scotia-based Ultra Maritime for $3.45B. Ultra Maritime specializes in undersea and anti-submarine warfare, with 2,000 employees. Lockheed aims to enhance its undersea warfare capabilities. The deal follows increased defence investment in Nova Scotia.

Lockheed Martin (LMT) received a $694M contract from the U.S. Air Force to produce the AGM-183A hypersonic weapon, reviving a previously shelved program. The contract, part of the Pentagon's 'Arsenal of Freedom' initiative, aims to accelerate weapons production. The U.S. lags behind Russia and China in hypersonic weapon development, with no operational systems currently deployed.

Lockheed Martin acquired Ultra Maritime, which had $535M revenue in 2022, growing at 17% annually. Assuming $1B revenue today, Lockheed pays $3.45B, implying a 3.5x price-to-sales ratio. Lockheed's stock trades at 22x earnings with a 2.3% dividend yield and 18% earnings growth forecast.

The US approved a $2.1B deal to supply Ukraine with 500 Patriot missiles, financed by European allies and Canada. Deliveries may take years, raising concerns about Ukraine's immediate defense needs. Lockheed Martin is the contractor. The deal supports US foreign policy and national security objectives.

The U.S. Army chose Lockheed Martin's PAC-3 Edge for the Future Interceptor, a $1.08 billion deal. Lockheed Martin and the Army will invest $423M and $660.4M respectively. The missile aims to improve interception range, altitude, speed, and maneuverability. The agreement is an OTA, allowing faster prototyping but no guaranteed production.

The U.S. Army is investing $1.1 billion in Lockheed Martin's PAC-3 Edge air-defense interceptor to enhance the Patriot missile defense system. The interceptor aims to improve engagement range, altitude, and hypersonic threat capabilities. Funding will support testing and development, with no deployment timeline disclosed.