Lockheed Martin shares surge 25.1% in October on strong Q3 results and long-term contracts
LMT Lockheed Martin Corp
$588.19 +3.72%
View chart & analysis → - 1Lockheed Martin's Q3 revenue reached $20.7 billion, marking an 11.3% increase for the third quarter.
- 2Lockheed Martin signed a 10-year contract with the US Department of Defense to sell more than 850 F-35 aircraft.
- 3Morgan Stanley analyst Christine Lee Rag raised the price target for Lockheed Martin from $690 to $835.
So what's the key point?
Lockheed Martin's revenue grew by 11.3% due to high sales. Analysts expect the stock to rise further following a large contract with the US Department of Defense.
Source The Motley Fool +1 · View original ↗
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