Could Lockheed's New $10 Billion Contract Signal a Solid Buy Opportunity?
Lockheed Martin's (NYSE: LMT) M142 High Mobility Artillery Rocket System -- HIMARS -- has turned into arguably its most popular defense product of the past year -- and one of its most profitable. How popular is HIMARS, you ask? Judge for yourself.
Since shortly after Russian tanks rolled into Ukraine in February of last year, HIMARS orders have been pouring in -- five major deals altogether. Let's see what this might mean for the U.S. defense and aerospace company.
In May of last year, Australia placed a $385 million order for 20 HIMARS systems (and projectiles and related equipment). While that purchase might be a bit of a head-scratcher for a remote island nation, Lockheed's next several HIMARS sales were easily explainable.
Source Fool.com
