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Lockheed Martin (LMT) Stock Gains on Dual Defense Contract Wins

Lockheed Martin (LMT) Stock Gains on Dual Defense Contract Wins

Author:

Global Cryptocurrency

Published:

2026-02-28 11:50:21

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BTCCSquare news:

Lockheed Martin shares ROSE 2.7% intraday to $659.24, buoyed by two major U.S. defense contract developments. Trading volume surged 34% above average as investors reacted to the news.

The defense giant secured an $18.8 million Navy contract modification for its Trident II missile program and successfully tested its Next Generation Command and Control system with the Army. These wins reinforce Lockheed's position as a cornerstone Pentagon contractor.

While Q4 earnings per share missed estimates, revenue exceeded expectations at $20.32 billion. The stock has gained 31% year-to-date and continues trading NEAR record highs, with a $3.45 quarterly dividend declared.

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