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Can Long-Range Radar Demand Support Lockheed Martin's Growth?
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Key Takeaways
Lockheed Martin's $18.9M radar award raises the program's cumulative value to about $1.01B.
Work on the long-range radar program will be performed in Liverpool, NY, through June 2029.
Radar demand could support recurring opportunities as the Air Force expands surveillance.
Lockheed Martin (LMT - Free Report) continues to strengthen its position in advanced radar and air surveillance systems as the U.S. Air Force invests in capabilities designed to detect and track threats over long distances. The company recently received an $18.9 million contract modification for the Three-Dimensional Expeditionary Long-Range Radar program.
The latest award increases the cumulative face value of the contract to approximately $1.01 billion from $991.3 million. Work will be performed in Liverpool, NY, and is expected to be completed by June 2029, providing Lockheed Martin with continued program visibility.
Three-dimensional long-range radar systems are designed to provide detailed information on the location, altitude and movement of airborne objects. Such capabilities are important for strengthening air surveillance and supporting timely responses to aircraft, missiles and other potential threats.
The contract also highlights continued demand for mobile and expeditionary radar capabilities that can support military operations in different environments. As the Air Force works to improve detection and tracking capabilities against increasingly complex threats, advanced radar systems are expected to remain an important area of defense investment.
Lockheed Martin’s established expertise in radar, sensors and integrated mission systems positions it to benefit from these requirements. Continued awards and modifications under the program could provide recurring opportunities as the Air Force expands and sustains its long-range surveillance capabilities.
Defense Stocks to Keep on the Radar
Growing demand for advanced radar and air surveillance capabilities could also benefit other defense contractors with established sensor portfolios.
RTX Corporation (RTX - Free Report) : RTX develops advanced radar and sensor technologies for air defense and surveillance applications. Its portfolio includes systems designed to detect, track and identify airborne threats across different operating environments.
Northrop Grumman (NOC - Free Report) : Northrop Grumman provides advanced radar and sensor systems for air and missile defense. Its expertise in long-range surveillance and integrated sensing supports demand for technologies that improve threat detection and situational awareness.
The Zacks Rundown for LMT
Shares of LMT have risen 5.3% in the past year against the industry’s 14.7% decline.
Image Source: Zacks Investment Research
The company's shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.43X compared with its industry’s average of 2.19X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for LMT’s 2026 and 2027 earnings has moved north over the past 60 days.
View the Zacks #1 Rank List
Image: Bigstock
Can Long-Range Radar Demand Support Lockheed Martin's Growth?
Key Takeaways
Lockheed Martin (LMT - Free Report) continues to strengthen its position in advanced radar and air surveillance systems as the U.S. Air Force invests in capabilities designed to detect and track threats over long distances. The company recently received an $18.9 million contract modification for the Three-Dimensional Expeditionary Long-Range Radar program.
The latest award increases the cumulative face value of the contract to approximately $1.01 billion from $991.3 million. Work will be performed in Liverpool, NY, and is expected to be completed by June 2029, providing Lockheed Martin with continued program visibility.
Three-dimensional long-range radar systems are designed to provide detailed information on the location, altitude and movement of airborne objects. Such capabilities are important for strengthening air surveillance and supporting timely responses to aircraft, missiles and other potential threats.
The contract also highlights continued demand for mobile and expeditionary radar capabilities that can support military operations in different environments. As the Air Force works to improve detection and tracking capabilities against increasingly complex threats, advanced radar systems are expected to remain an important area of defense investment.
Lockheed Martin’s established expertise in radar, sensors and integrated mission systems positions it to benefit from these requirements. Continued awards and modifications under the program could provide recurring opportunities as the Air Force expands and sustains its long-range surveillance capabilities.
Defense Stocks to Keep on the Radar
Growing demand for advanced radar and air surveillance capabilities could also benefit other defense contractors with established sensor portfolios.
RTX Corporation (RTX - Free Report) : RTX develops advanced radar and sensor technologies for air defense and surveillance applications. Its portfolio includes systems designed to detect, track and identify airborne threats across different operating environments.
Northrop Grumman (NOC - Free Report) : Northrop Grumman provides advanced radar and sensor systems for air and missile defense. Its expertise in long-range surveillance and integrated sensing supports demand for technologies that improve threat detection and situational awareness.
The Zacks Rundown for LMT
Shares of LMT have risen 5.3% in the past year against the industry’s 14.7% decline.
Image Source: Zacks Investment Research
The company's shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 1.43X compared with its industry’s average of 2.19X.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for LMT’s 2026 and 2027 earnings has moved north over the past 60 days.
Image Source: Zacks Investment Research
LMT stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.