Summary
- Lockheed Martin continues adding contracts.
- We consider the $60B month-over-month decline meaningless and disfigures.
- Compared to the same month last year, Lockheed Martin grew its order activity during the month according to the TAF Defense Contracts Monitor.
- I do much more than just articles at The Aerospace Forum: Members get access to model portfolios, regular updates, a chat room, and more. Get started today »
In June 2020, we launched the Defense Contracts Monitor on The Aerospace Forum. The Defense Contracts Monitor is an interactive dashboard that we populate weekly with new contracts awarded to Boeing ( BA) and Lockheed Martin (LMT). Currently, the monitor consists of more than 1,000 contracts and we expand that as we are adding more companies to our coverage and update the monitor weekly.
Source: Times of Israel
In this report, I want to have a look at the order inflow for Lockheed Martin during the month of September. You can read the August report here. For this analysis, we used the TAF Defense Contracts Monitor which we have made available to subscribers of The Aerospace Forum.
F-35 Keeps Winning
Figure 1: Lockheed Martin contracts in September 2020 (Source: The Aerospace Forum)
In September, Lockheed Martin was awarded 45 contracts valued at $2.6B with funds obligated on time of award standing at $2.6B or 53%. The contrast with last month is big, but that was caused by a framework contract disclosed in August valued $62B, which gets incrementally firmed and funded.
