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Lockheed Martin Corporation (LMT): The Winning Streak Continues

Shares of Lockheed Martin Corporation (NYSE:LMT) traded at a new 12-month high today of $397.62. Approximately 122,000 shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares.

Based on a current price of $396.91, Lockheed Martin Corporation is currently 0.4% above its average consensus analyst price target of $395.50.

Lockheed Martin is the largest defense contractor globally and has dominated the Western market for high-end fighter aircraft since the F-35 program was awarded in 2001. Lockheed’s largest segment is Aeronautics, which is dominated by the massive F-35 program. Lockheed’s remaining segments are rotary & mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.

In the past 12 months, Lockheed Martin Corporation share prices are bracketed by a low of $324.23 and a high of $397.62 and are now at $396.91, 22% above that low price.

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