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Lockheed Martin Supercharges US Missile Production With $300 Million Texas Investment

BenzingaAkanksha Bakshi

Lockheed Martin stock rises on plans to add 6,000 U.S. jobs and expand Texas munitions facilities ahead of Oct. 22 earnings.

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  1. The Motley FoolRich Smith

    Why Lockheed Martin Stock Keeps Going Up

    UBS analyst Gavin Parsons upgraded Lockheed Martin to 'buy' with a $674 price target, predicting 26% upside driven by strong missile and defense sales growth. The analyst expects Lockheed's Missiles and Fire Control division to grow 20% annually through 2030, with sales of PAC-3 Patriot, THAAD, and JASSM/LRASM missiles adding billions in revenue. Since the division has higher profit margins (13%) than the company average (10.7%), profit growth could exceed Wall Street's 17% prediction, making the stock attractive at under 20x earnings.