Why Lockheed Martin Stock Zoomed Higher Today

Source Motley_fool

News of a strengthened business tie-up with an important partner overseas gave some lift to Lockheed Martin (NYSE: LMT) stock on Tuesday. The defense company went on the offense, with its shares climbing to a nearly 3% gain on the day. That looked particularly good next to the S&P 500 index, which sank by more than 0.8% that trading session.

Strengthening ties with a long-standing partner

Lockheed announced that it and Korea Aerospace Industries (KAI) have signed a memorandum of understanding (MOU) to expand their existing aircraft development partnership. The MOU covers the manufacturing of rotorcraft and the development of space systems and uncrewed aerial vehicles (UAVs), among other projects.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue »

Person in military uniform using a tablet computer.

Image source: Getty Images.

The agreement marks the latest move in what's been a 30-plus-year collaboration between Lockheed and KAI. The two companies originally partnered on the licensed production of the F16 fighter aircraft.

In its press release touting the news, Lockheed quoted its chief operating officer, Frank St. John, as saying that the new pact "reflects our commitment to advancing global security by partnering with U.S. allies to develop, manufacture and sustain 21st century deterrence solutions."

The company did not provide any financial details about its arrangement with KAI.

The timing is right

A typical MOU has less heft and power as a contract; however, this one is meaningful because it spells out how Lockheed and KAI will expand their already close collaboration. With global tensions rising, now is an ideal time for defense companies to strengthen alliances. That goes double for the Korea Aerospace Industries, which has been frozen in an edgy, North-South standoff for over seven decades.

Should you invest $1,000 in Lockheed Martin right now?

Before you buy stock in Lockheed Martin, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Lockheed Martin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $660,821!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $886,880!*

Now, it’s worth noting Stock Advisor’s total average return is 791% — a market-crushing outperformance compared to 174% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of June 9, 2025

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool recommends Lockheed Martin. The Motley Fool has a disclosure policy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Stellar Price Forecast: XLM eyes triangle breakout rally amid PayPal’s stablecoin integration buzzStellar (XLM) ticks higher by nearly 1% at press time on Friday, adding minor gains to the 5% surge from Sunday. Stellar nears the resistance trendline of a descending triangle pattern after bouncing off its support floor on Wednesday, accounting for a near 12% surge. 
Author  FXStreet
7 Month 07 Day Mon
Stellar (XLM) ticks higher by nearly 1% at press time on Friday, adding minor gains to the 5% surge from Sunday. Stellar nears the resistance trendline of a descending triangle pattern after bouncing off its support floor on Wednesday, accounting for a near 12% surge. 
placeholder
Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key LevelsAn analyst has pointed out three key resistance levels for Dogecoin that could be to keep an eye on, based on on-chain data. Dogecoin URPD Shows These Price Levels Stand Out In a new post on X,
Author  NewsBTC
7 Month 08 Day Tue
An analyst has pointed out three key resistance levels for Dogecoin that could be to keep an eye on, based on on-chain data. Dogecoin URPD Shows These Price Levels Stand Out In a new post on X,
placeholder
Tron Price Forecast: TRX handles over $21 billion in weekly USDT transfers, surpassing EthereumTron (TRX) is hovering around $0.287 at the time of writing on Tuesday after rising nearly 4% the previous week. The TRX network has processed over 13 billion transactions and handles more than $21 billion in USDT transfers each week, surpassing Ethereum (ETH).
Author  FXStreet
7 Month 08 Day Tue
Tron (TRX) is hovering around $0.287 at the time of writing on Tuesday after rising nearly 4% the previous week. The TRX network has processed over 13 billion transactions and handles more than $21 billion in USDT transfers each week, surpassing Ethereum (ETH).
placeholder
Gold price drifts lower as reduced Fed rate cut bets offset trade jittersGold price (XAU/USD) struggles to capitalize on the previous day's goodish rebound from a one-week low – levels just below the $3,300 mark – and trades with a mild negative bias during the Asian session on Tuesday.
Author  FXStreet
7 Month 08 Day Tue
Gold price (XAU/USD) struggles to capitalize on the previous day's goodish rebound from a one-week low – levels just below the $3,300 mark – and trades with a mild negative bias during the Asian session on Tuesday.
placeholder
US Dollar Index weakens below 97.50 on fresh tariff threatsThe US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, retreats from near a two-week high to 97.30 amid tariff threats after US President Donald Trump unveiled a new round of tariff demand letters. 
Author  FXStreet
1 hour ago
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, retreats from near a two-week high to 97.30 amid tariff threats after US President Donald Trump unveiled a new round of tariff demand letters. 
goTop
quote