Lockheed Martin In 2024, On Track To Double Himars Production, Increased Javelin's Production To 2,400 Units/Yr, Will Deliver More Than 10,000 GMLRS
Portfolio Pulse from Benzinga Newsdesk
Lockheed Martin is on track to double its production of Himars and increase Javelin's production to 2,400 units per year by 2024. Additionally, the company will deliver more than 10,000 GMLRS, according to Reuters.
February 15, 2024 | 7:14 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Lockheed Martin is set to significantly increase its production capabilities for Himars and Javelins, and deliver a large number of GMLRS by 2024.
The increase in production capabilities for key military hardware like Himars, Javelins, and GMLRS indicates a strong demand for Lockheed Martin's products, likely leading to increased revenues and potentially a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100