Lockheed Martin Corporation (NYSE:LMT) is included among the 15 Best Long Term Stocks to Buy According to Reddit.
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On November 18, BNP Paribas Exane analyst Matthew Akers began covering Lockheed Martin Corporation (NYSE:LMT) with an Outperform rating and a price target of $550, according to a report by The Fly.
In the third quarter of 2025, Lockheed Martin Corporation (NYSE:LMT) brought in $18.8 billion in revenue, an increase of 8.8% from a year earlier. The company said demand has been so strong that it is ramping up production capacity across several business lines. Its backlog has now climbed to a record $179 billion, which represents more than two and a half years of sales and reflects the confidence customers continue to place in the company. Management said this backlog supports the firm’s long-term growth outlook.
Lockheed Martin Corporation (NYSE:LMT) continued to reward shareholders as well. On October 10, it announced a 4.5% increase in its quarterly dividend to $3.45 per share, marking the 23rd straight year of dividend growth. The company also expanded its share buyback authorization by another $2 billion, bringing the total available for repurchases to roughly $9.1 billion, with no set expiration date for the program.
Lockheed Martin Corporation (NYSE:LMT) remains the world’s largest defense contractor and the biggest supplier to the US government. It is also the primary contractor for the F-35 Joint Strike Fighter, the most expensive aircraft ever produced.
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