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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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FedEx Dataworks and Stripe team up to use logistics data for SMB financing while adding over 50 payment methods to FedEx checkouts.
Boeing secures an approximately $14.7 billion contract from Lockheed Martin to triple PAC-3 MSE seeker production.
RTX missile contracts remain in focus after Raytheon secured a $24.4 billion SM-6 deal, extending a recent run of major awards.
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.
A new era of strategic airborne command and control capability for the U.S. Navy has officially begun with Lockheed Martin (NYSE:LMT) delivering a C-130J-30 Super Hercules aircraft destined to become the future of the
Vertical Aerospace ("Vertical" or the "Company") (NYSE:EVTL), a global aerospace and technology company pioneering electric aviation, today announced long-term supplier agreements with ANH Structure Co.,