Shares of Lockheed Martin Corporation (NYSE:LMT) traded at a new 12-month high today of $398.98. This new high was reached on below average trading volume as 879,000 shares traded hands, while the average 30-day volume is approximately 2.1 million shares.
Lockheed Martin Corporation is currently priced 1.3% above its average consensus analyst price target of $388.68.
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 $398.98 and is now at $393.65, 21% above that low.
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