Lockheed Martin Receives $320 Million Contract from US Missile Defense Agency

published 10:34 pm ET August 12th, 2019

On August 6, Lockheed Martin (LMT) announced that the company received a  $320 million contract from the US Missile Defense Agency. Lockheed Martin will continue to evolve the Command, Control, Battle Management, and Communications (C2BMC) system that is part of the U.S. Ballistic Missile Defense System. Under this contract, Lockheed Martin will integrate the Long-Range Discrimination Radar and other additional sensor into the system.

 

 

Jet Equities sent an alert to subscribers at noon. Lockheed Martin had opened for the day at $361.28, and the stock price closed higher following the announcement. The stock price continued to rise over the next four trading sessions. Lockheed Martin closed at $376.51 on August 12 for a five-day gain of 4.2%.

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