Lockheed Martin Shares Sink After Major US Air Force Contract Goes To Boeing: What To Know

Erica Kollmann

March 21, 2025

Lockheed Martin Corp. (NYSE:LMT) shares sold off on Friday after it was announced that Boeing Co. (NYSE:BA) was awarded a U.S. Air Force contract to design, build and deliver its next-generation fighter aircraft.

The Details: Reuters reported that Boeing won the $20-billion contract over Lockheed Martin for the Next Generation Air Dominance program which will replace Lockheed Martin’s F-22 Raptor. The contract could result in orders worth hundreds of billions of dollars over its multi-decade lifetime, according to Reuters.

Read Next: Fannie Mae, Freddie Mac In Upheaval As Trump Administration Considers Privatizing Mortgage Giants

President Donald Trump told reporters in the Oval Office that the new jet's name will be the F-47. He also seemed to imply foreign sales of the jet could be an option for Boeing.

“Our allies are calling constantly. They want to buy them also,” Trump said.

“We’ve given an order for a lot. We can’t tell you the price,” Trump added.

Boeing said the contract is the beginning of a "new generation" of fighter jets with increased "range, survivability, lethality and adaptability" in a statement released later on Friday.

“We recognize the importance of designing, building and delivering a 6th-generation fighter capability for the United States Air Force. In preparation for this mission, we made the most significant investment in the history of our defense business, and we are ready to provide the most advanced and innovative NGAD aircraft needed to support the mission,” said Steve Parker, interim president and CEO, Boeing Defense, Space & Security.

Why It Matters: The F-47 jet contract is another loss for Lockheed Martin which recently was eliminated from consideration to build the next-generation carrier-based stealth fighter for the U.S. Navy.

According to Reuters, President Trump met with Lockheed CEO Jim Taiclet in recent weeks to discuss the company's F-35 amid frustration at the Pentagon over delayed upgrades.

LMT, BA Price Action: According to data from Benzinga Pro, Lockheed Martin shares fell 5.78% on Friday to end the session at $439.77. Boeing shares climbed after news of the contract win broke and closed 3.05% higher at $178.10.

Edge Rankings: Lockheed Martin stock ranks 45.41 out of 100 in Growth and 38.54 out of 100 in Momentum. How does rival defense contractor RTX Corp. rank? Get the full BZ Edge Rankings breakdown here.

Read More:

Trump Orders Steps To Dismantle Department Of Education: What It Means For Student Loans

Image: Courtesy of Lockheed Martin Corp.

Recommended

Elon's Greatest Invention... Hidden in South Memphis? - Ad

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

50-Year Washington Insider Breaks Silence on Trump's Third Term - Ad

Social Security payments for Group 3 retirees will be sent on April 16, based on retirement date and birthdate.

IRS whistleblower on Hunter Biden is out as acting commissioner just days after getting the job

WASHINGTON (AP) — Just days after to acting IRS commissioner, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes is out of the job, according to three people familiar with the decision.

The Most Important "AI Stock" You've Never Heard Of

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

DOGE trumpets unemployment fraud that government already found

NEW YORK (AP) — The latest government waste touted by billionaire Elon Musk's cost-cutting Department of Government Efficiency is hundreds of millions of dollars in fraudulent unemployment claims it purportedly uncovered.

Betting Odds For Pope Francis Replacement Show Two Favorites, Plus This Global Event Has MLB Bettors Backing Nick Castellanos To Hit Home Runs

Pope Francis has died at the age of 88 leaving a vacancy for the position of the global head of the Catholic Church.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

PHOTO ESSAY: In a Greek island monastery, a monk has kept together faith and community for 50 years

AMORGOS, Greece (AP) — For more than 50 years, Spyridon Denaxas — or Father Spyridon, as he’s affectionately called — has prayed, worked and welcomed the faithful in a millennium-old monastery carved into a seaside cliff on the Greek island of Amorgos.

Visa cancellations sow panic for international students, with hundreds fearing deportation

WASHINGTON (AP) — At first, the bar association for immigration attorneys began receiving inquiries from a couple students a day. These were foreigners studying in the U.S., and they'd their legal status had been terminated with little notice. To their knowledge, none of the students had committed a deportable offense.

Nvidia Is About to Shock the World: July 23rd

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Here's a look at recent aircraft tragedies, mishaps and close calls

The killed all six on board — a physician couple and their accomplished children and partners — during a family trip to the Catskills.

Trump nominee withdraws after her criticism of the Jan. 6 Capitol attack surfaces

BILLINGS, Mont. (AP) — President Donald Trump's nominee to oversee an agency that manages has withdrawn her nomination following revelations that she criticized the Republican president in 2021 for inciting the Jan. 6 attack on the U.S. Capitol.

No.1 Opportunity for 2025 [Take Action Now!]

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Warren Buffett's Top Stock Picks Now Come With a 15% Income Bonus Through This Fund

A new ETF is offering investors the chance to follow in the footsteps of one of the world's most successful investors and earn income at the same time.

Canadian couple likely the only business owners on Australia's Norfolk Island to face US tariffs

MELBOURNE, Australia (AP) — Jesse Schiller and Rachel Evans are likely the only business owners on to be directly affected by the Trump administration's , as the South Pacific outpost they call home exports nothing to the United States.

Brace Yourself for Jeff Bezos' "Amazon Helios"

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Keystone oil pipeline shut down after a rupture in rural North Dakota

BISMARCK, N.D. (AP) — The Keystone oil pipeline was shut down Tuesday morning after it ruptured in North Dakota, with the spill confined to an agricultural field.

Elon Musk's Tesla Reportedly Manipulating Odometers To Dodge Warranty Repairs

Tesla is facing lawsuit over odometer manipulation. Plaintiff claims premature warranty expiration, seeking damages for California Tesla drivers.

Yes, Trump Is Crashing the U.S. Dollar. Here's Why...

Yes, Trump Is Crashing the U.S. Dollar. Here's Why... - Ad

The U.S. Dollar is crashing, and our reserve currency status is now in serious jeopardy leaving some to wonder -- is this being done by design? A 25-year economist and investor answers here... and details the exact steps you should be taking with your money to prepare.

Palantir Goes Bullish After NATO's AI Buy: Is This The Future Of War, Wall Street?

Palantir's stock jumps 9% after NATO acquires its AI-enabled system, showing its dominance in data and potential for growth.

60,000 Americans to lose their rental assistance and risk eviction unless Congress acts

Moments after Daniris Espinal walked into her new apartment in Brooklyn, she prayed. In ensuing nights, she would awaken and touch the walls for reassurance — finding in them a relief that turned to tears over her morning coffee.

You Can Take a Stake in Elon's xAI Before May 1st...

You Can Take a Stake in Elon's xAI Before May 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Trump administration reverses long-held guidance on 'road diets' for traffic safety

A stylist was just starting her shift at a salon in Kansas City, Missouri, when a car smashed through the storefront window and landed in the waiting area a few feet away.

Big Tech's soaring energy demands are making coal-fired power plant sites attractive

HARRISBURG, Pa. (AP) — Coal-fired power plants, long an increasingly money-losing proposition in the U.S., are becoming more valuable now that the suddenly strong demand for electricity to run Big Tech's cloud computing and artificial intelligence applications has set off a full-on sprint to find new energy sources.

Putting Your Name on This List Could Hand You $1,270 on Friday

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

Asian shares soar after Wall Street rallies into a 3rd day

HONG KONG (AP) — Asian markets were higher early Friday after Wall Street rallied for the 3rd day, driven by hopes for the Federal Reserve to cut rates.

Why Barrick Gold Stock Is Trading Lower

Barrick Gold Corp (NYSE:GOLD) shares are trading lower by 4.5% to $19.08 during Wednesday’s session.

This "Awesome Resource" Could Power America for 30,000 Years...

This "Awesome Resource" Could Power America for 30,000 Years... - Ad

We sent one of our smartest researchers into the middle of the Utah desert with a film crew. Why? So he could lead an investigation into a radical new kind of energy that's so abundant, the Dept. of Energy says it could meet America's power needs for the next 2 million years.

Scholarships for child care are drying up. Now families are paying the price

PHOENIX (AP) — For parents who need to work but can't afford the steep , federally funded scholarships can be a lifeline. Delivered through state child care assistance programs, the scholarships can mean the difference between a parent working full time — or not at all.

Mark Cuban Gets Real About What It Takes To Get Rich: 'Even When I Was Dead Broke Sleeping on the Floor, I Was Having Fun'

Billionaire and Dallas Mavericks owner Mark Cuban once shed light on the common misconceptions about super-rich individuals and the impact of wealth on personal relationships.

Trump Exec Order to Help Restore Wealth for American Citizens?

Trump Exec Order to Help Restore Wealth for American Citizens? - Ad

Thanks to President Trump's Executive Order 14179, a brief "AI Wealth Window" is opening now. Genius investor James Altucher has released 3 AI wealth-building strategies to take advantage of Trump's genius Executive Order 14179. James believes you could see $10,000 grow to $1 MILLION or more over the next few years.

Elon Musk's X sues to overturn Minnesota political deepfakes ban

MINNEAPOLIS (AP) — X Corp., the social media platform owned by Trump adviser Elon Musk, is challenging the constitutionality of a Minnesota ban on using deepfakes to influence elections and harm candidates, saying it violates First Amendment speech protections.

Rubio Shutters Climate Office, Alarming Global Climate Advocates

Secretary of State Rubio is dismantling a key climate diplomacy office, a move that is throwing U.S. international environmental efforts into disarray just months ahead of critical global talks.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire"

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

Odyssey Marine Exploration Stock Surges On Continued Momentum: What's Going On?

Odyssey Marine Exploration Inc. (NASDAQ: OMEX) shares are trading higher Thursday, extending the momentum from a major intraday spike driven by reports of a forthcoming U.S. executive order favoring the deep-sea mining industry.

Regeneron Expands US Manufacturing With $3 Billion Fujifilm Deal

Regeneron signs $3 billion deal with FUJIFILM to expand biologics manufacturing in North Carolina, boosting U.S. capacity and long-term production.

Elon Musk Drops Stunning Bombshell?

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

The Latest: China vows countermeasures over Trump tariffs as trade war threatens to intensify

China says it will and take countermeasures against the United States to safeguard its own interests after an additional 50% tariff on Chinese imports.

US egg giant Cal-Maine says government is investigating price increases

Shares of Cal-Maine Foods, the largest U.S. egg producer, fell in after-hours trading Tuesday after the company acknowledged it is being investigated by the antitrust division of the U.S. Department of Justice.

NEW THIS WEEK: Huge Energy Discovery In Utah

NEW THIS WEEK: Huge Energy Discovery In Utah - Ad

The Department of Energy says it could power America for millions of years, and both grizzled oilmen and clean energy supporters love it: Energy Secretary Chris Wright called it "an awesome resource," while Warren Buffett, Jeff Bezos, Mark Zuckerberg, and Bill Gates are all directly invested.

South Carolina Senate seek at hearing to remove state treasurer over $1.8B accounting error

COLUMBIA, S.C. (AP) — South Carolina's Republican-dominated Senate and its elected Republican treasurer faced off Monday in an extraordinary hearing as senators try to kick the treasurer over a $1.8 billion accounting error.

Trending Now