Lockheed Stock: This Could Be a Game-Changer for Lockheed Martin Corporation

This Could Be Big for Lockheed Stock

Lockheed Martin Corporation (NYSE:LMT) continues to trade within its all-time highs. LMT stock costs $217.00 per share, within range of its $225.00-per-share all-time high from last November. Lockheed Martin can count on major government defense contracts. Yet, the maker of the “F-35” and “F-22” continues to expand its civilian and commercial portfolio as well. These are all good signs for Lockheed Martin stock moving forward.

Lockheed stock typically gains after the company wins a defense contract. Lockheed Martin is now attracting the sort of attention more usually associated with a Boeing. NASA has invested some $20.0 million over the next year and a half to perform preliminary research. Lockheed Martin is designing a quiet supersonic passenger airliner. The contract is the first step toward bringing back supersonic passenger jets after the retirement of the “Concorde” and Russian “Tu-144.” In the 1960s, Boeing was the major American aerospace contractor to work on a supersonic civilian airliner. LMT stock’s experimental plane could fly as early as 2020.

Supersonic flight, like few other aspects of aviation, combines the most sophisticated military and civilian technology. On March 15, Lockheed revealed that it is on the verge of a major breakthrough. It will develop military aircraft capable of traveling six-times faster than the speed of sound—that’s Mach 6 or some 4,600 miles per hour (i.e. NYC to LA in little over half an hour).

Marillyn Hewson, president of Lockheed Martin, also revealed that the builder was working on a laser weapon capable of use during ground operations.

Hewson said Lockheed’s major technological innovations would soon make their way into the futuristic weapons that defense officials have boasted for years. Until now, the results have often been lacking. There were too many promises and little to show for them. Now, Lockheed has the technology to start delivering beyond the illustrations on a computer screen or drawing board.

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