NYSE:LMT - New York Stock Exchange, Inc. - US5398301094 - Common Stock - Currency: USD
Curious about the market action on Tuesday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
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Lockheed Martin Corp. CEO Jim Taiclet outlined an ambitious plan to enhance the F-35 fighter jet following the company's loss of the Next Generation Air Dominance (NGAD) program contract to Boeing Co.
James Taiclet calls it "fifth-generation plus," comparing it to giving the F-35 chassis a "NASCAR" upgrade.
The company reaffirmed its 2025 outlook, expecting sales to be in the range of $73.75 billion to $74.75 billion.
WASHINGTON (Reuters) -Major U.S. defense contractors are mostly maintaining their financial forecasts for 2025, saying it is too soon to understand the impact of U.S. President Donald Trump's tariffs. Lockheed Martin, the largest defense firm, reaffirmed its forecasts for the year on Tuesday, buoyed by resilient demand for its missile systems and fighter jets. Similarly, Northrop Grumman said its profit margins may narrow, but stuck with its sales prediction, indicating some confidence in the face of trade tensions.
LMT's first-quarter earnings beat the Zacks Consensus Estimate by 14.8%. Its top line increases 4.5% from the year-ago quarter.
Pre-Markets in the Green as Q1 Earnings Season Gathers Pace
We have a nice handful of earnings results out this morning, but the big tuna in today's Q1 periscope is Tesla (TSLA).
Although the revenue and EPS for Lockheed (LMT) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lockheed (LMT) delivered earnings and revenue surprises of 14.83% and 1.14%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?
Mentions: HII
While CEO William Brown did not directly express concerns about the macroeconomic environment being impacted by Trump’s tariffs, he called it dynamic, noting that the company is focused on “improving the fundamentals.”
These are the stocks posting the largest moves in premarket trading.
Aerospace and defense company General Dynamics (NYSE:GD) will be reporting earnings tomorrow before the bell. Here’s what to look for.
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Lockheed Martin reported a higher first-quarter profit on Tuesday and reaffirmed its forecasts for the year on the back of resilient demand.
(Reuters) -Lockheed Martin reported a higher first-quarter profit on Tuesday and reaffirmed its forecasts for the year on the back of resilient demand for its missile systems and fighter jets. Defense contractors have benefited from a surge in demand for weapons against the backdrop of the Russia-Ukraine war and conflicts in the Middle East. Legacy companies in the sector are also expected to get a potential boost from U.S. President Donald Trump's review of military equipment export rules that he is seeking to ease.
Wall Street Stumbles as Trump Targets Fed Chair Powell Again, While Netflix Shines
Stay tuned for the market movements in the S&P500 index on Thursday. Check out the gap up and gap down stocks in the S&P500 index during today's session.