LMT Secures a Contract to Support the Sentinel A4 Radar Systems

Lockheed Martin Corporation's LMT business segment, Rotary and Mission Systems, recently secured an order worth $25 million to provide engineering services for the Sentinel A4 Radar System. The award has been offered by the Army Contracting Command, Redstone Arsenal, AL.The work related to this deal will be executed in Liverpool, NY. The contract is projected to be finished by June 3, 2026.Importance of LMT’s Sentinel A4 Radar SystemLMT’s Sentinel A4 is an advanced air and missile defense radar designed to enhance protection against a wide range of aerial threats, including cruise missiles, unmanned aerial systems and both rotary and fixed-wing aircraft.It introduces the added capability to detect Rocket, Artillery and Mortar (RAM) threats, identifying both their point of origin and point of impact. The system also offers improved defense against electronic threats. It can be easily integrated with current defense systems such as IFPC, NCR-IADS, NASAMS, the Aegis Combat Management System and NORAD.Such notable features must have been enabling LMT to secure contracts for these radar systems from the Pentagon and other U.S. allies, the latest contract being an example.LMT’s Growth OpportunitiesRising geopolitical tensions, increased defense spending and the need for advanced threat detection are driving demand for military radars. This must have prompted the Mordor Intelligence firm to project a CAGR of 5.2% for the global military radar market in the 2025-2030 period. Such growth projections bode well for prominent radar manufacturers like LMT. The company’s radars are the choice of more than 45 nations across six continents.LMT’s product portfolio consists of varied radars, such as TPY-4, AN/APY-9 Radar, AN/TPQ-53 Radar System, SPY-7, TPS-77 in addition to the Sentinel A4.Opportunities for Other Defense CompaniesSome other defense contractors that manufacture radars and are thus projected to gain from the expanding global military radar market have been discussed below:Northrop Grumman Corp. NOC: The company is a pioneer in manufacturing Active Electronically Scanned Array radars, with more than 60 years of experience. Its diverse product portfolio also includes a handful of radars like AN/ZPY-5 VADER, AN/TPS-80 G/ATOR, AN/SPQ-9B and HAMMR.Northrop has a long-term earnings growth rate of 3.3%. The Zacks Consensus Estimate for the company’s 2025 sales indicates year-over-year growth of 2.8%.L3Harris Technologies, Inc. LHX: The company’s product portfolio includes the SPS-48 land-based surveillance radar, AN/APY-11 Multimode radar, Tactical Air Surveillance radar, AN/SPS-48G Long range 3D surveillance radar and many more.L3Harris has a long-term earnings growth rate of 12%. The Zacks Consensus Estimate for LHX’s 2025 sales implies an improvement of 1%.RTX Corporation RTX: The company’s product portfolio consists of varied radars, such as AN/TPY-2, AN/APG-79, APG-82(V)1, GhostEye MR and a few more, which enjoy solid demand in the global military radar market.RTX has a long-term earnings growth rate of 9.3%. The Zacks Consensus Estimate for RTX’s 2025 sales implies an improvement of 4.2%.LMT Stock Price MovementIn the past month, shares of LMT have risen 1.4% compared with the industry’s growth of 15.7%.Image Source: Zacks Investment ResearchLMT’s Zacks RankLMT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report L3Harris Technologies Inc (LHX): Free Stock Analysis Report RTX Corporation (RTX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks