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Wajeeh Khan

Lockheed Martin Just Scored a $4.7 Billion Army Contract. Does That Make LMT Stock a Buy?

LMT Lockheed Martin Lockheed ARMY United States Jefferies

Lockheed Martin (LMT) shares remain in focus after the defense giant announced a $4.7 billion Army contract to accelerate the production of PAC-3 MSE interceptors. The news arrived shortly after hopes of a truce between the U.S. and Iran made LMT slip below its key moving averages (20-day and 50-day), signaling bears are now taking control across multiple timeframes. 

That said, Lockheed stock has been a strong performer in 2026, currently up more than 20% versus the start of this year. 

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