Lockheed Martin Wins Space Contract
In 2020, Lockheed Martin (NYSE:LMT) received $123 billion in contract awards including awards which are optional in nature. With a change in administration, there’s some doubt about how defense budgets will develop going forward. We won’t directly see any big changes in financial results when there’s a transition in administration and weapon system acquisition tends to be a multi-year trajectory, so changes might actually not be as obvious as some expect, but it remains highly interesting to look at how contracts awards are developing.
Source: Lockheed Martin Wins Space Contract (NYSE:LMT) | Seeking Alpha