Lockheed Martin stock reports its Q1 2016 earnings next Tuesday, April 26. Lockheed recently scored a bunch of new defense contracts and a big aircraft company acquisition.
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Lockheed Martin stock is Money Morning's Pick of the Week.
One of the primary U.S. defense contractors, Lockheed Martin Corp. (NYSE: LMT) is a stock that can serve as a counterweight to the current market volatility.
LMT stock has vastly outperformed the market over the past three years and has held up well through the recent volatility.
Lockheed Martin stock just received a huge catalyst this morning after the company announced a $262.8 million contract with the U.S. Air Force.
Through the contract, Lockheed Martin Corp. (NYSE: LMT) will service Saudi Arabia's F-15 sniper targeting systems and radars. Those systems allow for day and night low-level navigation.
For the second time in two years, Americans face another government shutdown.
Oct. 1 marks the first day of fiscal year 2016 - the deadline for funding. But debate over financing nonprofit reproductive healthcare provider Planned Parenthood threatens to halt the nation if no measure is passed to keep the government funded beyond Sept. 30.
If a government shutdown does happen, we know one thing for sure: defense stocks will get hit - hard.
Lockheed Martin stock was little changed Wednesday at $203.53 as the global security and aerospace titan rolled out its first highly anticipated F-35A Lightning II for the Norwegian Armed Forces.
Despite the muted reaction, Lockheed Martin stock is poised to rise.
We stand on the verge of yet another government shutdown. The last shutdown, as costly and embarrassing as it was, was profitable for savvy investors. This one will be, too.
Playing this sector with one of our favorite trading strategies could create some quick double-digit profit opportunities.
Yesterday (Wednesday), a number of key defense stocks were up big.
Leading the pack was Northrop Grumman Corp. (NYSE: NOC). NOC stock soared 6.2%. Raytheon Co. (NYSE: RTN) stock was up 4.1%. General Dynamics Corp. (NYSE: GD) jumped 3.9%. And Lockheed Martin Corp. (NYSE: LMT) stock got a 2.2% bump.
What if the F-35 is cancelled?
That's a question that has no doubt been on the mind for every holder or prospective buyer of Lockheed Martin Corp. (NYSE: LMT) stock.
Lockheed Martin's (NYSE: LMT) critics will have you believe that the F-35 is a gross example of the U.S. government's runaway military spending.
And while the F-35 is by no means cheap - it is to be the most expensive program in defense contracting history - detractors don't seem to want to give the program any credit for what it is trying to do.
We may be looking at a blockbuster acquisition with Lockheed Martin Corp. (NYSE: LMT) prepared to front $8 billion for United Technologies Corp.'s (NYSE: UTX) Sikorsky Aircraft.
Will Lockheed Martin buy Sikorsky Aircraft?
The 51st Bi-Annual Paris Air Show was the event of the year for the Aerospace industry.
Held in Le Bourget Airport in Paris, France, this prestigious air show has brought together industry leaders from across the globe to hunt for new commercial opportunities - and over 2115 exhibitors marketing their latest and greatest projects.
As the largest and longest-running aerospace trade show in the world, the Paris Air Show features companies from over 44 different countries, 285 official delegations, 3,100 international journalists, and nearly 139,000 professionals year after year.
But you don't have to be perusing the Parisian halls of Le Bourget to be a part of the action.
In baseball and football, making the cover of Sports Illustrated is the Holy Grail recognition achievement.
In modeling, it's the cover of Vogue.
And in the world of innovation, making the cover of Popular Science gives you top bragging rights.
The Lockheed Martin stock price remained unmoved in morning trading on the release of Lockheed Martin earnings.
A big contributor to the Lockheed Martin earnings miss on revenue came from a 7.4% decline in its aeronautics segment. If investors are ever hesitant to buy Lockheed Martin stock, it would come from negative developments on this front.
The Lockheed Martin stock price (NYSE: LMT) this year has been sensitive to developments in the Joint Strike Fighter program.
Investors can expect this LMT stock price driver to be around for some time.
It's been wrongly assumed that defense stocks are a bad investment because of budget cuts.
But on the contrary, growing conflicts in the Middle East only further prove their value.
And even if you're not sold on the military angle, defense stocks are also a good buy because these companies are upping their presence in the civilian market.