0834 GMT - Lockheed Martin's latest contract award from the U.S. Government adds to sales growth in the defense group's missiles division, Jefferies' Sheila Kahyaoglu writes. The company signed a seven-year contract worth up to $35 billion for Terminal High Altitude Area Defense interceptor missiles. The contract follows another government award for a significant ramp up in Patriot missile production, the analyst notes. Taken together, the two missile ranges could add more than $11 billion in sales in 2028 once factories are at full production, Kahyaoglu writes. For every one percentage point increase in earnings in Lockheed's missiles division translates to a 0.2 percentage point uptick to 2026 earnings per share, the analyst estimates. Lockheed Martin shares nudge up 0.1% premarket.(josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
June 25, 2026 04:34 ET (08:34 GMT)
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