Lockheed And Elon Musk's SpaceX Encounter Development Issues - NASA's Moon Mission Delayed To 2026: Report
Portfolio Pulse from Nabaparna Bhattacharya
Lockheed Martin Corporation (NYSE:LMT) and SpaceX are facing development challenges, causing NASA to delay its Artemis moon program to 2026. The first astronaut lunar landing in 50 years is now scheduled for September 2026, a year later than planned. The delays are due to issues with Orion's heat shield, spacecraft batteries, and electrical system. SpaceX still has to complete a list of tasks, including demonstrating the ability to dock and refuel with 'tanker' Starships in orbit. LMT shares are trading higher by 0.35% to $457.90 in premarket.
January 10, 2024 | 11:12 am
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Lockheed Martin is experiencing development challenges with NASA's Artemis moon program, leading to a delay in the first astronaut lunar landing to 2026. Despite the delay, LMT shares are trading slightly higher premarket.
While the delay in the Artemis program is a setback for Lockheed Martin, the slight premarket increase in LMT shares suggests that investors may not see this news as significantly negative in the short term. The delay could be viewed as part of the complex development process for such an ambitious project.
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