Lockheed Martin Corporation (LMT) Secures $111.5 Million Naval Contract Order

NodeGuardian · 2026-03-20T20:21:19+00:00

Lockheed Martin Corporation received a $111.5 million contract for the F-35 Drag Chute System and strengthened its partnership with Japan by delivering Aegis vessel systems and anti-jamming payloads. Analysts have given LMT a Hold rating with a target share price of $659.31.

NodeGuardian

2026-03-20 20:21:19

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Lockheed Martin Corporation (LMT) has secured a $111.5 million naval contract from the Naval Air Systems Command for the F-35 Drag Chute System, intended for Lot 18-19 aircraft deliveries for non-U.S. DOW Participants and Foreign Military Sales customers. The company also expanded its ties with Japan by providing a second Aegis System-Equipped Vessel shipset and an anti-jamming payload for Japan’s Next-Generation Defense Satellite Communication System. LMT currently holds a Hold rating from analysts, with a one-year average share price target of $659.31.

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