Lockheed MartinNYSE: LMT

Lockheed (LMT), with its recent contract win, is likely to provide 870 PAC-3 MSE missiles, an advanced defensive missile, to the U.S. Army.

BETHESDA, Md. , July 1, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) will webcast live its second quarter 2024 earnings results conference call (listen-only mode) on Tuesday, July 23, 2024 at 11 a.m.

Dublin, July 01, 2024 (GLOBE NEWSWIRE) -- The "Latvia Telecoms Market Report - Telecoms, Mobile and Broadband - Statistics and Analyses" report has been added to ResearchAndMarkets.com's offering. Latvia's telecom market continues to benefit from investment and from regulatory measures aimed at developing 5G and fibre-based infrastructure. Although the mobile market is dominated by three operators there is effective competition between them, with the smallest among them having almost a quarter of the market by subscribers. These multi-service operators have focussed investment on fibre networks and on expanding the reach of 5G. Mobile network capacity has been improved since 2022 following the auction of spectrum in the 700MHz and 1.5GHz bands. In addition, operators have entered into agreements with neighbouring Estonia and Lithuania to coordinate the use of spectrum for 5G in border areas, thus improving coverage to end-users without interference. In the fixed-line broadband sector, the country is ranked among the highest in Europe for fibre coverage and take-up, being among the seven countries in the region with a fibre penetration rate about 50%. It has the second highest rural FttP coverage after Denmark. With this infrastructure in place, the country has also developed a sophisticated digital economy, with e-commerce and e-government services widely available. Key Developments:

NOAA awarded Lockheed Martin $2.3 billion to build up to seven new weather satellites last week. The average cost per satellite exceeds $300 million.

Since 2018, Lockheed Martin has been working on a new class of missile defense satellites for the Pentagon. The Pentagon just awarded Lockheed some money on this contract -- but reduced its satellite order by one-third.

The U.S. Army awarded Lockheed Martin a multi-year contract worth $4.5 billion for its air defense Patriot Missiles system, the Pentagon said on Friday.

As the race to space heats up, the top space stocks to buy are delivering high returns.  In the last few years, the commercialization of space has reached new highs with governments investing heavily in commercial space assets.

Lockheed Martin (NYSE: LMT) presents a compelling investment opportunity amidst ongoing geopolitical unrest. As the aerospace and defense giant behind renowned systems like the F-35 fighter jet, C-130 Hercules transport aircraft, and HIMARS, Lockheed Martin can leverage current instability to fuel growth.

BETHESDA, Md., June 27, 2024 /PRNewswire/ -- The Lockheed Martin Corporation (NYSE: LMT) board of directors has authorized a third quarter 2024 dividend of $3.15 per share.