Movement Alert｜Lockheed Martin Rises 3.06% in Regular Trading, Boosted by Citi Upgrade and $3 Billion Army Contract

Market Focus

07/02

On July 2, Lockheed Martin rose 3.06% in regular trading, trading at $539.65/share, with turnover of $58.51 million. The rally was driven by a confluence of positive developments including an analyst upgrade and a major defense contract award.

Citi upgraded Lockheed Martin from Neutral to Buy and raised its price target from $571 to $582. Separately, the U.S. Department of Defense announced that Lockheed Martin was awarded a $3 billion U.S. Army contract for Sentinel A4 radar production and engineering services, with the project expected to conclude by June 2031. The company also secured a $103.9 million Navy contract supporting the Spain F-100 mid-life upgrade program and a $73.7 million modification for MK 41 Vertical Launching System modules.

The combined value of newly announced contracts exceeds $3.17 billion, reinforcing investor confidence in the company's order pipeline ahead of its next earnings report expected on July 23.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LMT","symbol_name":"洛歇馬丁","start_time":0,"source_url":"","article_id":"1149471793","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1149471793","pubTimestamp":1783000460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 2, Lockheed Martin rose 3.06% in regular trading, trading at $539.65/share, with turnover of $58.51 million. 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