Lockheed Martin CorporationAwarded $2.8B in Pentagon contracts for F-35 sustainment and CH-53K modernization

Lockheed Martin has been awarded two Department of Defense contracts totaling $2.8 billion, even as its shares fell below $529 during a broader defense-sector selloff triggered by Middle East peace headlines. The primary award is a $2.29 billion cost-plus-incentive-fee contract for F-35 Lightning II sustainment, covering site activation, fleet management, and reliability improvements, while a secondary $525 million firm-fixed-price contract went to its Sikorsky subsidiary for CH-53K helicopter modernization. The company carries a $186 billion total backlog that exceeds its market capitalization of nearly $124 billion, and it trades at a forward price-to-earnings ratio of nearly 18 with a price-to-earnings-to-growth ratio of 0.98. Lockheed Martin also declared a second-quarter dividend of $3.45 per share, and institutional investors such as Korea Investment Corp increased their positions, with Susquehanna and Morgan Stanley maintaining price targets of $700 and $653 respectively.
Lockheed Martin CorporationAwarded $2.8B in Pentagon contracts for F-35 sustainment and CH-53K modernization
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