USSF Selects Lockheed Martin Corporation (LMT) For Space-Based Interceptor Program

1 day ago 2

Ashar Jawad

Wed, May 6, 2026 astatine 9:36 AM CDT 2 min read

Lockheed Martin Corporation (NYSE:LMT) is among the 10 Best Large Cap Defense Stocks to Buy According to Hedge Funds. On May 1, the defence contractor announced that it had received a declaration from the U.S. Space Force Space Systems Command to physique capabilities to enactment the Space-Based Interceptor (SBI) program.

USSF Selects Lockheed Martin Corporation (LMT) For Space-Based Interceptor Program

USSF Selects Lockheed Martin Corporation (LMT) For Space-Based Interceptor Program

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The statement volition absorption connected fast-tracking the improvement and integration of these capabilities and present an aboriginal engagement furniture for rocket defense. According to the company’s property release, the furniture volition summation coverage, amended survivability, and further bolster deterrence against incoming threats.

In different news, Lockheed Martin Corporation (NYSE:LMT) reported fiscal results for the archetypal 4th of 2026 connected April 23. It posted a gross of $18 billion, remaining level year-over-year and missing estimates of $18.24 billion. Net net came successful astatine $6.44 per share, shy of expectations by 28 cents, and down from $7.28 successful the anterior year.

The defence elephantine said the alteration successful net was driven by reduced nett and mark-to-market losses from ‘changes successful the just worth of investments and liabilities for deferred compensation plans’. The institution retained its full-year outlook shared successful January.

Lockheed Martin Corporation (NYSE:LMT) is 1 of the world’s largest defence contractors. It specializes successful the research, design, and improvement of precocious exertion systems, products, and services. It is famed for manufacturing notable combatant jets, including the F-35.

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