Can Lockheed Martin’s (LMT) AIM-260 Missile Deliver Multiyear Growth?

Lockheed Martin Corp. (NYSE:LMT) is gaining traction for its AIM-260 Joint Advanced Tactical Missile (JATM), after a key framework agreement with Pentagon. The company will ramp up the production and delivery timelines for the advanced air dominance missile. The framework signifies JATM's relevance for the U.S. Department of War, and could provide multiyear revenue visibility if the proposed procurement contract secures Congressional approval. The first shipment of critical housing components for Patriot PAC-3 MSE interceptors from GM's defense unit offers encouraging operational proof point for Lockheed's production expansion.Can Lockheed Martin's (LMT) AIM-260 Missile Deliver Multiyear Growth? Giannis Papanikos/Shutterstock.