Lockheed Martin Corporation (NYSE:LMT) is a leading global aerospace and defense company. It specializes in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. The company operates in four business segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Lockheed Martin's main competitors include Boeing, Northrop Grumman, and Raytheon Technologies.
On March 10, 2025, Wells Fargo maintained its rating for Lockheed Martin at Equal-Weight, suggesting investors hold the stock. At the time, the stock was priced at $479.38. This recommendation comes amid a backdrop of increased defense spending in Europe, which has positively impacted Lockheed Martin's stock performance. As highlighted by Benzinga, the stock's options activity has been noteworthy, indicating heightened investor interest.
Lockheed Martin's stock experienced a 3% increase following the announcement of Europe's "REARM Europe" program, an 800 billion euro initiative to enhance defense capabilities. This program, announced by European Commission President Ursula von der Leyen, has bolstered investor confidence in defense stocks like Lockheed Martin. In contrast, GE Aerospace's stock declined by 1.6% due to geopolitical tensions affecting its business.
Currently, Lockheed Martin's stock is trading at $479.17, reflecting a 1.17% rise with a $5.52 increase. The stock's price fluctuated between $473.70 and $494.20 during the day. Over the past year, it has seen a high of $618.95 and a low of $419.70. The company's market capitalization stands at approximately $112.79 billion, with a trading volume of 2,281,674 shares, indicating strong market activity.
