TD Cowen analyst Gautam Khanna maintained a Buy rating on Lockheed Martin (LMT – Research Report) today and set a price target of $520.00. The company’s shares closed yesterday at $434.72.

Lockheed landed the original contract in August 2020. The 10-year, $2.22 billion project involves the provision of engineering design and development support for the Navy’s submarine fleet.

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Lockheed Martin Corporation, an aerospace and defense company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services ...

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