Lockheed Martin downgraded after missing out on major US Air Force contract
Portfolio Pulse from
Bank of America downgraded Lockheed Martin (LMT) from 'Buy' to 'Neutral', reducing price target from $685 to $485 after the company was excluded from the US Air Force's Next Generation Air Dominance Program. The analysts expressed concerns about LMT's future in 6th generation fighter development and potential limitations in growth and profitability.
March 24, 2025 | 2:30 pm
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NEGATIVE IMPACT
Missed selection for Next Generation Air Dominance Program signals potential challenges in future defense contracts and tactical aircraft development.
Contract loss, analyst downgrade, and reduced growth expectations directly impact Lockheed Martin's near-term financial outlook and market perception.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100