logo
Lockheed Martin awarded $250M Navy contract modification

Lockheed Martin awarded $250M Navy contract modification

Lockheed Martin (LMT) was awarded a $250M modification to a previously awarded fixed-price incentive, cost-plus-fixed-fee indefinite-delivery/indefinite-quantity contract. This modification increases the contract ceiling to provide for the ongoing production of the F-35 logistics information system, which encompasses both the Autonomic Logistics Information System and Operational Data Integrated Network and Mission Planning Environment hardware, as well as associated support necessary to field the F-35 ODIN, MPE, and components of any future ODIN and MPE retrofits for the F-35A, F-35B and F-35C aircraft in support of the F-35 Joint Strike Fighter program for the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and F-35 Cooperative Program Partners. Work is expected to be completed in August 2027. No funds will be obligated at the time of award; funds will be obligated on individual orders as they are issued. This contract action was not competed. Naval Air Systems Command is the contracting activity.
Confident Investing Starts Here:
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ROSEN, A LONGSTANDING FIRM, Encourages Lockheed Martin Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action
ROSEN, A LONGSTANDING FIRM, Encourages Lockheed Martin Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action

Associated Press

time9 hours ago

  • Associated Press

ROSEN, A LONGSTANDING FIRM, Encourages Lockheed Martin Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action

New York, New York--(Newsfile Corp. - August 1, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Lockheed Martin Corporation (NYSE: LMT) between January 23, 2024 and July 21, 2025, both dates inclusive (the 'Class Period'). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 26, 2025. SO WHAT: If you purchased Lockheed Martin securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Lockheed Martin class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 26, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers. DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) Lockheed Martin lacked effective internal controls regarding its purportedly risk adjusted contracts including the reporting of its risk adjusted profit booking rate; (2) Lockheed Martin lacked effective procedures to perform reasonably accurate comprehensive reviews of program requirements, technical complexities, schedule, and risks; (3) Lockheed Martin overstated its ability to deliver on its contract commitments in terms of cost, quality and schedule; (4) as a result, Lockheed Martin was reasonably likely to report significant losses; and (5) as a result of the foregoing, defendants' positive statements about Lockheed Martin's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages. To join the Lockheed Martin class action, go to or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. Follow us for updates on LinkedIn: on Twitter: or on Facebook: Attorney Advertising. Prior results do not guarantee a similar outcome. ------------------------------- Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 [email protected] To view the source version of this press release, please visit

Lockheed Martin (LMT) Sees Sequential Growth in Q2 2025 Sales
Lockheed Martin (LMT) Sees Sequential Growth in Q2 2025 Sales

Yahoo

time13 hours ago

  • Yahoo

Lockheed Martin (LMT) Sees Sequential Growth in Q2 2025 Sales

Lockheed Martin Corporation (NYSE:LMT) is one of the Best 52-Week Low Blue Chip Stocks to Buy Now. The company reported Q2 2025 results on July 22. In Q2 2025, the company's sales of $18 billion saw a sequential growth as it continues to fuel supply chain improvements and ramp capacity on the required deterrent capabilities. Additionally, the company invested $800 million in infrastructure and innovation for growth and returned $1.3 billion to shareholders in the form of dividends and share repurchases. A military aircraft in flight, showing the strength of the company's combat & air mobility capability. Lockheed Martin Corporation (NYSE:LMT)'s Aeronautics segment saw an increase of $143 million, or 2% YoY, in sales during the quarter ended June 29, 2025. This was mainly because of increased sales of $470 million on the F-35 program as a result of higher volume on production contracts. This increase was partially mitigated by a $360 million unfavorable cumulative adjustment to sales due to the loss on a classified contract. For FY 2025, Lockheed Martin Corporation (NYSE:LMT) expects sales in the range of ~$73,750 million – $74,750 million, and FCF of between ~$6,600 million – $6,800 million. Lockheed Martin Corporation (NYSE:LMT)'s Missiles and Fire Control segment witnessed an increase of $331 million, or 11% YoY, in sales during the quarter ended June 29, 2025. This was mainly due to higher sales of $330 million on tactical and strike missile programs because of production ramp-up on Joint Air-to-Surface Standoff Missile (JASSM), Long Range Anti-Ship Missile (LRASM), and precision fires programs. While we acknowledge the potential of LMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Lockheed Martin Corporation (LMT): A Dividend Stock Built for Buy and Hold Investors
Lockheed Martin Corporation (LMT): A Dividend Stock Built for Buy and Hold Investors

Yahoo

time16 hours ago

  • Yahoo

Lockheed Martin Corporation (LMT): A Dividend Stock Built for Buy and Hold Investors

Lockheed Martin Corporation (NYSE:LMT) is included among the 10 Best Dividend Stocks to Buy and Hold Forever. Two fighter jets in flight, highlighting the technology and experience of the companies combat aircraft. Lockheed Martin Corporation (NYSE:LMT) is a well-established defense contractor with long-term agreements covering a wide range of products, including fighter jets, aircraft, missiles, weapons systems, helicopters, and satellite-based space systems. In the second quarter of 2025, Lockheed Martin Corporation (NYSE:LMT) posted mixed financial results. Net profit for the period ending June 29 stood at $342 million, reflecting a decline of nearly 80% due to a $950 million loss tied to a classified program. Despite this setback, Lockheed Martin expects its free cash flow for the year to reach at least $6.6 billion, more than twice the amount it distributes in cash dividends. Lockheed Martin Corporation (NYSE:LMT) remained committed to its shareholder obligation, returning $1.3 billion to investors through dividends in the most recent quarter. In addition, the company has raised its payouts for 22 years in a row and currently offers a quarterly dividend of $3.30 per share. With a dividend yield of 3.14% as of July 31, LMT is among the best dividend stocks to buy and hold. While we acknowledge the potential of LMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store