Lockheed Martin Corp. (LMT)

Index:

S&P 100

$ 463.96
   
  • Change Today:
    $-5.24
  • 52 Week High: $614.61
  • 52 Week Low: $423.19
  • Currency: US Dollars
  • Shares Issued: 234.00m
  • Volume: 1,845,269
  • Market Cap: $108,567m
  • RiskGrade: 96
  • Beta: 0.21

Lockheed Martin reportedly close to $9bn F-35 contract with Pentagon

By Conor Coyle

Date: Thursday 19 Jan 2017

LONDON (ShareCast) - (ShareCast News) - The Department of Defense in the United States is ready to pen a deal with contractor Lockheed Martin worth $9bn for its controversial F-35 fighter planes, according to reports.
President-elect Donald Trump criticised the Pentagon towards the end of 2016 for overspending on such defence contracts, specifically citing the F-35 as an example of how Lockheed takes advantage of the defence budget.

"The F-35 program and cost is out of control, Trump tweeted in December. "Billions of dollars can and will be saved on military (and other) purchases after January 20th." He also went on to suggest that Boeing, one of Lockheed's competitors, may be touted as a potential replacement for building similar planes.

The new deal, first reported by Reuters, would lead to a drop in the price of each F-35 to below $100m. The fighter jets account for the biggest chunk of the Pentagon's budget.

The defence department in the US has said that it expects to spend $391bn on the supersonic warplanes over the coming decades.

Trump may claim that the lowering in price of the planes is down to his pressure, but the company had already said last July that it was looking at more cost-effective ways to construct the machines.

Lockheed Martin is due to present its earnings report for the final quarter of 2016 next Tuesday 24 January, after beating analysts' expectations the last time around.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

LMT Market Data

Currency US Dollars
Share Price $ 463.96
Change Today $ -5.24
% Change -1.12 %
52 Week High $614.61
52 Week Low $423.19
Volume 1,845,269
Shares Issued 234.00m
Market Cap $108,567m
Beta 0.21
RiskGrade 96

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 10
Sell 2
Strong Sell 0
Total 22
buy
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Trades for 18-Jul-2025

Time Volume / Share Price
16:00 648,981 @ $463.96
16:00 488 @ $464.10
16:00 171 @ $464.10
16:00 3,917 @ $464.11
16:00 1,781 @ $464.10

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