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Lockheed Martin (LMT) shares remain in focus after the defense giant announced a $4.7 billion Army contract to accelerate the production of PAC-3 MSE interceptors.
Lockheed Martin secured a $4.7 billion Army contract to accelerate PAC-3 MSE interceptor production.
KEY POINTS
- The contract reflects a shift from 'just in time' to 'just in case' defense procurement strategies.
- Lockheed Martin entered 2026 with a record $194 billion backlog, outpacing most industrial peers.
- At 21x forward earnings, LMT trades at a discount to RTX Corp and Northrup Grumman.
- Jefferies raised its price target to $640, citing a 25% projected profit boost in the missile division.
COMPANIES
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