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The AGM-183 ARRW ("Air-Launched Rapid Response Weapon") is [5] a hypersonic air-to-ground ballistic missile planned for use by the United States Air Force. Developed by Lockheed Martin , the boost-glide vehicle is propelled to a maximum speed of more than Mach 5 [ 6 ] by a rocket motor before gliding toward its target.
Dynetics will build the hypersonic glide vehicle while Lockheed Martin will build the booster as well as assemble the missile and launch equipment. [10] The C-HGB has been successfully tested, in October 2017, March 2020, [11] [12] 28 June 2024, [13] and 12 December 2024. [14] The missile had been planned to enter service with the Army in 2023 ...
Lockheed Martin's 12.5% operating margin came in about 60 basis points ahead of expectations, and free cash flow of $2.1 billion was well ahead of Wall Street's $1.3 billion forecast.
1994: Martin Marietta completed its initial public offering of 19% of the common stock of Martin Marietta Materials, which is listed on the New York Stock Exchange as MLM; 1995: Martin Marietta merged with Lockheed Corporation to form Lockheed Martin [16] 1996: Lockheed Martin splits off Martin Marietta Materials as a separate and independent ...
Does the recent dip in the share price make it attractive, given the risk/reward outlook?
Lockheed Martin (LMT) closed at $383.24 in the latest trading session, marking a -1.33% move from the prior day.
[14] [15] It is designed to be smaller than the AGM-183 ARRW and able to fly along “vastly different trajectories” than the boost-glide ARRW. [ 16 ] The system will give the US military "tactical flexibility to employ fighters to hold high-value, time-sensitive targets at risk, while maintaining bombers for other strategic targets."
The defense company's stock has had a strong run recently due to derisking the F-35 program and some improved margin performance.