Lockheed Martin Corporation (NYSE:LMT) traded today at a new 52-week high of $429.65. Approximately 1.7 million shares have changed hands today, as compared to an average 30-day volume of 2.3 million shares.
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.
Over the past year, Lockheed Martin Corporation has traded in a range of $324.23 to $429.65 and is now at $428.83, 32% above that low.
Based on a current price of $428.83, Lockheed Martin Corporation is currently 4.6% above its average consensus analyst price target of $409.14.
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