- Lockheed Martin extends a significant U.S. Navy contract, enhancing its foothold in defense technology.
- Analysts predict a potential upside of 14.50% for Lockheed Martin shares from current levels.
- The stock holds an "Outperform" rating, backed by a compelling GF Value prediction.
Lockheed Martin (LMT, Financial) has successfully secured a vital $197.48 million extension on an existing contract with the U.S. Navy. This critical development involves continued work on engineering, design, and production for advanced sound navigation and ranging systems, with project completion slated for September 2026. The Naval Sea Systems Command in Washington, D.C. is tasked with overseeing this significant contract.
Wall Street Analysts Forecast
According to insights from 18 analysts, the average one-year price target for Lockheed Martin Corp (LMT, Financial) stands at $531.61, featuring a high forecast of $670.00 and a low forecast of $408.00. These projections suggest a notable upside of 14.50% from the current share price of $464.31. Investors can access more in-depth estimate data on the Lockheed Martin Corp (LMT) Forecast page.
Furthermore, based on the consensus of 24 brokerage firms, Lockheed Martin Corp (LMT, Financial) is currently assigned an average brokerage recommendation of 2.3, marking it as "Outperform." This rating is part of a scale ranging from 1 to 5, where 1 indicates a Strong Buy and 5 signifies a Sell.
Utilizing GuruFocus metrics, the estimated GF Value for Lockheed Martin Corp (LMT, Financial) in the coming year is projected at $562.33. This estimation suggests an impressive upside potential of 21.11% from the current share price of $464.31. The GF Value is GuruFocus' calculated fair market value of the stock, informed by historical trading multiples, previous business growth, and anticipated future performance. For more comprehensive data, visit the Lockheed Martin Corp (LMT) Summary page.
