A $93 million dark pool order occurred in LMT stock on May 31, 2023. We think the dark pool trade was a buy order because LMT stock has risen after the trade.
Lockheed Martin is a multinational aerospace, defense, security, and advanced technology company. They primarily engage in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for various sectors including defense, space, intelligence, and cybersecurity. Some of their major products and projects include military aircraft, missiles, satellites, spacecraft, radar systems, communication systems, cybersecurity solutions, and more.
Lockheed Martin awarded $188.48M Navy contract modification
On June 27, 2023, Lockheed Martin was awarded a $188.48M cost-plus-incentive-fee contract modification to a previously awarded contract to exercise options for Navy engineering design, development and supporting material, travel, and subsistence. Work is expected to be completed by September 30, 2024. FY23 other procurement, funds in the amount of $5.8M will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command is the contracting activity.
Israel to buy 25 Lockheed Martin F-35 jets in $3B deal
On July 3, 2023, the Israel Ministry of Defense and the IDF announced they will acquire a third squadron of “Adir” F-35 aircraft. Minister of Defense Yoav Gallant has approved the recommendation proposed by the IDF Chief of the General Staff, Lt. Gen. Herzi Halevi, the Director General of the Israel Ministry of Defense, Maj. Gen. Eyal Zamir, and Commander of the Israeli Air Force, Maj. Gen. Tomer Bar, to procure a third F-35 squadron for the Israel Defense Forces. The Ministry of Defense will purchase a total of 25 F-35 aircraft from the American government, which will be manufactured by Lockheed Martin. This acquisition will expand the stealth aircraft fleet operated by the Israeli Air Force to 75 aircraft. Following the Minister of Defense’s approval, the IMOD Mission to the USA will issue an official letter of request to the F-35 Lightning II Joint Program Office. This step will facilitate the approval and signing of the transaction in the coming months. The value of the deal is approximately $3B, financed by American aid funds.