Lockheed Martin Corporation (NYSE:LMT) is included among
Dividend Contenders List: Top 20 Stocks.
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On January 15, Susquehanna raised its price target for Lockheed Martin Corporation (NYSE:LMT) to $660 from $590, while maintaining a Positive rating on the stock. The change was part of the company’s fourth-quarter preview for the aerospace and defense space.
Susquehanna said conditions across the industry still appear “pretty favorable.” He noted the strength of the commercial aerospace industry, steady defense spending and healthy aftermarket demand. In the company’s view, the most important parts of the market are holding up well in the medium term, which is why it raised valuation targets across the group.
Recent delivery data also supports the idea that Lockheed has momentum. Reuters reported on January 8 that Lockheed delivered 191 F-35 fighter jets in 2025 to the United States and partner countries, setting a new annual record for the program. Lockheed said in a statement that “annual production of the F-35 is now advancing at a rate five times faster than any other allied fighter currently in production.”
That type of production is important because the F-35 remains one of Lockheed’s highest-profit engines. The company delivered 110 aircraft in 2024 and the program is now responsible for about a third of total revenue. With many countries increasing defense budgets as geopolitical tensions rise, demand for large, long-cycle platforms like the F-35 has remained stable.
Lockheed is also increasing production in the area of ​​missile defense. Reuters reported in early January that the company signed a seven-year agreement with the US War Department to expand the annual capacity of the PAC-3 missile interceptor to 2,000 units, up from 600 previously.
Interest in PAC-3 (Patriot Advanced Capability) interceptors has been increasing as the United States and its allies spend more on air defense systems.
Lockheed Martin Corporation (NYSE:LMT) is a global aerospace and security company that develops and manufactures advanced defense technologies and provides long-term systems integration and support services.
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