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Lockheed Martin Soars to New Heights with Third Day of Gains Amidst Revenue Boost

Mover TrackerTuesday, Jan 21, 2025 5:41 pm ET

1min read

On January 21, Lockheed Martin (LMT) continued its upward trajectory with a 3.26% increase, marking its third consecutive day of gains and a 4.61% rise over the past three days. The stock's intraday high set a record not seen since December 2024.

Recent financial reports indicate that as of September 29, 2024, Lockheed Martin achieved a total revenue of $524.21 billion, representing a 7.65% increase compared to the previous year. However, the net profit saw a decline to $48.09 billion, down 4.85% year-over-year.

Lockheed Martin, founded in 1995 through the merger of Lockheed Corporation and Martin Marietta, operates as a global security and aerospace company. The firm is engaged in the research, design, development, manufacturing, integration, and maintenance of advanced technology systems and products. It provides a wide range of management, engineering, technological, scientific, logistical, and information services. The company primarily focuses on defense, space, intelligence, homeland security, and information technology, including cybersecurity, delivering products and services for defense, civil, and commercial applications to an array of international and U.S. clients, with U.S. government agencies being their main customers.

Investors are keenly anticipating the release of Lockheed Martin's full-year 2024 financial results, scheduled to be announced ahead of the U.S. market opening on January 28, 2024. This report is expected to shed further light on the company's financial health and strategic outlook amidst fluctuating market conditions.

Lockheed Martin's diversified business segments—Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space—operate comprehensively. These divisions cover the development of advanced military aircraft, missile defense systems, aerospace vehicles, satellite production, and high-tech defense systems, emphasizing the company's role as a leading innovator in the global defense and aerospace sector.

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