Lockheed Martin’s next F-35 contract could be worth up to $30 billion.
July 26, 2022
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As the exclusive manufacturer of the F-35 fighter jet, Lockheed Martin ($NYSE:LMT) stands to gain a significant windfall from the next production contract for the aircraft. The Department of Defense is expected to award the contract this summer or early fall, though much work remains to be done before that can happen. In the long term, this contract could have a major positive impact on Lockheed Martin’s market share and earnings. The company is already the largest defense contractor in the world, and this deal could solidify its position even further. Given the large size of the contract, it is also likely to have a positive impact on Lockheed Martin’s share price.
Monday was a good day for Lockheed Martin, as their stock opened at $394.4 and closed at $399.8. This is 1.3% higher than the previous closing price of $394.7. If they are awarded the contract, it would be a major win for the company.
Company’s fundamentals reflect its long term potential, below analysis on LOCKHEED MARTIN are made simple by VI app. The intrinsic value of LOCKHEED MARTIN share is around $419.7, calculated by VI Line. Now LOCKHEED MARTIN stock is traded at $399.8, a fair price undervalued by5%.
Lockheed Martin is the world’s largest defense contractor and a major supplier of fighter jets to the US military. The F-35 is the most advanced fighter jet in the world and is a major part of Lockheed Martin’s business. The company’s stock price rose 1.3% following the news.
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