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Why Did The Pentagon Just Hand Lockheed Martin (LMT) $58.62B?
['Maham Fatima', 'Tue', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Lockheed Martin (NYSE:LMT) just landed one of the largest single contract awards in its history.
That is not an error, which raises a clear question: what is driving this level of demand?
Why Did The Pentagon Just Hand Lockheed Martin (LMT) $58.62B?
Lockheed is responding by tripling PAC-3 MSE production capacity by the end of 2030 and growing its Camden, Arkansas workforce from 1,200 to about 1,850 employees.
Lockheed is also fighting a $4.25 billion lawsuit over alleged technology misappropriation and regularly defends against cyberattacks aimed at its sensitive intellectual property.