Lockheed Martin is a global aerospace, defense, security, and advanced technology company that specializes in designing and manufacturing innovative systems, products, and services for government and commercial customers
The company is primarily known for its development of advanced military aircraft, missile defense systems, and space exploration technologies. Lockheed Martin also plays a key role in various programs related to cybersecurity, autonomy, and advanced manufacturing, focusing on fostering technological advancements that enhance national security and support international defense initiatives. Through its various sectors, the company aims to address complex challenges and provide cutting-edge solutions to enhance safety and security for its clients around the world.
Lockheed Martin shares sold off on Friday after it was announced that Boeing was awarded a U.S. Air Force contract to design, build and deliver its next-generation fighter aircraft.
Curious about the top performers within the S&P500 index one hour before the close of the markets on Friday? Dive into the list of today's session's top gainers and losers for a comprehensive overview.
Shares of aerospace and defense company Boeing (NYSE:BA)
jumped 5.7% in the afternoon session after the company announced that it secured the contract to produce the next generation of fighter jets for the U.S. military, successfully outbidding competitor Lockheed Martin. The contract, known as Next Generation Air Dominance, or NGAD, is supposed to help build jets (F-47) that will accompany a future fleet of drone aircraft to protect the US against its adversaries. According to the press release, the contract is worth an estimated $20 billion.
Shares of security and Aerospace company Lockheed Martin (NYSE:LMT)
fell 7% in the afternoon session after the company lost the contract to produce the next generation of fighter jets for the U.S. military, which was awarded to Boeing. The contract, known as Next Generation Air Dominance, or NGAD, is supposed to help build jets ( F-47) that will accompany a future fleet of drone aircraft to protect the US against its adversaries. According to the press release, the contract is worth an estimated $20 billion.
Wall Street remains in the red heading into the end of the week, with major indexes posting modest midday losses in New York, though well off the session’s earlier lows.
Wondering which stocks are making significant price gaps? Explore the S&P500 index on Friday to find the gap up and gap down stocks in today's session.
Defense Secretary Pete Hegseth signed a memo cutting over $580 million in wasteful spending within the Department of Defense. This includes scrapping a major software project and eliminating external consulting contracts. The goal is to allocate taxpayer dollars more effectively to enhance military readiness.
The recently passed CR by Congress gives the Department of Defense an additional $7 billion in funding; here are three defense stocks that are likely to benefit
PALM BEACH, Fla., March 20, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - A recent report from Straits Research said that the global military drone market size was valued at USD $21.81 billion in 2024 and is expected to grow from USD $24.25 billion in 2025 to reach USD $56.69 billion by 2033, growing at a CAGR of 11.20% during the forecast period (2025-2033). The report said: “A military drone, also known as an unmanned aerial vehicle (UAV), is a type of aircraft that operates without a human pilot on board. These drones are equipped with advanced technologies for surveillance, reconnaissance, intelligence gathering, and, in some cases, targeted strikes. Military drones are used extensively in modern warfare for a variety of roles, including combat, surveillance, logistical support, and search-and-rescue missions. The global market is experiencing rapid growth, driven by technological advancements and increasing global demand for enhanced surveillance, intelligence, and reconnaissance capabilities. As nations recognize the strategic advantages of unmanned aerial systems (UAS) in military operations, drones are increasingly deployed in both combat and non-combat roles.” Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), RTX Corporation (NYSE: RTX), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Northrop Grumman Corporation (NYSE: NOC), Lockheed Martin (NYSE: LMT).
Over the last six months, Lockheed Martin shares have sunk to $467.55, producing a disappointing 17.3% loss - worse than the S&P 500’s 1.6% drop. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation.
2immersive4u, a Cleveland-based leader in generative AI, has achieved significant milestones in 2025, solidifying its position as a top innovator in the industry. The company’s co-founders, Dusan Simic and George Radmilovic, recently supported Kent State University’s teams in their preparation for the Lockheed Martin Ethics in Engineering Competition, providing valuable resources and guidance.Dusan Simic, already a member of the Forbes AI Council, is now in discussions to join the Business Council, further establishing his influence in the AI community.The company has also launched an AI-focused podcast on YouTube, covering topics such as AI innovation, philosophy, and economics, while earning six prestigious awards from Clutch for excellence in B2B services across various categories, including AI video generation, immersive learning, and AR/VR development.Additionally, 2immersive4u is expanding its operations by launching a consulting division in 2025, aiming to provide tailored AI solutions to businesses. These achievements highlight the company’s commitment to innovation, excellence, and its role in positioning Cleveland as a hub for AI advancements.
