Lockheed Martin Scored Nearly $10 Billion in New Defense Contracts. Its Stock Is Still 24% Off Its High.

Lockheed Martin just secured nearly $10B in new defense contracts. Its stock is still 24% below its high. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  

June 9, 2026 Lockheed Martin Scored Nearly $10 Billion in New Defense Contracts. Its Stock Is Still 24% Off Its High. Analysts just upgraded Lockheed Martin Corporation (LMT) from Hold to Buy. The stock is trading around $520. And it is sitting 24% below its 52-week high of $692. In the past two weeks alone, Lockheed locked in nearly $10 billion in new defense awards. A $4.8 billion PAC-3 missile contract. An $879 million F-35 delivery deal. A $1.5 billion sale of MH-60R Seahawk helicopters to New Zealand. An $842 million air-to-surface missile deal with Denmark. On June 1, Lockheed opened a new Missile Assembly Building in Alabama for the Next Generation Interceptor program. That is not a press release. That is capital deployed to meet a backlog that is not going anywhere. The average analyst price target is $621, implying roughly 19% upside from current levels. The bear case is real: Q1 missed estimates and F-16 and C-130 program margins are still under pressure. But the contract backlog tells a different story than the recent price action. Read the full analysis › Sponsored Reserve Your Free Spot: The SuperIPO Summit Clicking the link registers you for The SuperIPO Summit. By reserving your spot, you will receive event updates and offers. We will not share your email address with anyone. And you can opt out at any time. Reserve your spot › You are receiving this e-mail at fromworksmart.jewelry@blogger.com, as part of your subscription to Money Morning. Manage Your Preferences by clicking here. No longer interested? Unsubscribe. © 2026 Money Morning. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after on-line publication prior to following an initial recommendation. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Agora Media, 14 West Mt Vernon Place, Baltimore, MD 21201. Money Morning is a First Light Financial, LLC publication. To contact us call 866-616-2166 or visit us online. Website  |  Privacy Policy  |  Terms & Conditions