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Lockheed Martin Bags $347M+ Contract Modification; Nordson Posts Mixed Results, Outlook Disappoints

  • August 22nd, 2023
  • 300 views

Lockheed Martin Aeronautics Company, a major division of Lockheed Martin Corporation (NYSE: LMT), has secured a $347,435,068 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract. This addition expands the scope to acquire Lots 15-16 helmet mounted display system requirements for the F-35 Joint Strike Fighter aircraft. The procurement supports various entities, including the Air Force, Marine Corps, Navy, F-35 Cooperative Program Partners, and Foreign Military Sales customers. The Naval Air Systems Command, based in Patuxent River, Maryland, serves as the contracting entity.

$LMT was trading at $451.74 in after-hours, up $0.25 (+0.06%).

In other news, Nordson Corporation (Nasdaq: NDSN) reported third-quarter fiscal 2023 earnings at $2.35 per share, surpassing the consensus EPS estimate of $2.32. The company's quarterly sales reached $649.00 million, slightly lower than the analysts' projected revenue of $665.65 million.

In response to market conditions, Nordson is refining its earlier issued full-year fiscal 2023 adjusted EPS guidance range, which initially spanned from $8.90 to $9.30. The revised guidance now falls within the range of $8.90 to $9.05, as compared to the consensus EPS of $9.06 for the corresponding period.

In after-hours, $NDSN was trading at $219.30, down $11.39 (-4.94%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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