60 بالعربي
HomeWatchListen
Breaking
Egypt Authorizes Military Support for Saudi Arabia Against Houthis If Riyadh Requests It•Egypt Lowers Brokerage Solvency Requirement to 5% to Contain Stock Market Drop•Matiks Raises $10 Million to Expand Jelo Gaming Platform•Morgan Stanley Raises Lockheed Martin Price Target to $835 Following F-35 Deal•Oil Spill off the UAE Expands as Three Emirates Close Their Beaches•Gold Rises 0.50% as Oil Slips Toward $114 Ahead of Tehran Talks•Egypt's Turuq Secures Seed Funding from Den VC for Expansion•Saudi Aramco shares hold at SAR 25.22 despite Houthi missile hit in Dhahran•Egypt Authorizes Military Support for Saudi Arabia Against Houthis If Riyadh Requests It•Egypt Lowers Brokerage Solvency Requirement to 5% to Contain Stock Market Drop•Matiks Raises $10 Million to Expand Jelo Gaming Platform•Morgan Stanley Raises Lockheed Martin Price Target to $835 Following F-35 Deal•Oil Spill off the UAE Expands as Three Emirates Close Their Beaches•Gold Rises 0.50% as Oil Slips Toward $114 Ahead of Tehran Talks•Egypt's Turuq Secures Seed Funding from Den VC for Expansion•Saudi Aramco shares hold at SAR 25.22 despite Houthi missile hit in Dhahran•

Morgan Stanley Raises Lockheed Martin Price Target to $835 Following F-35 Deal

Morgan Stanley upgraded Lockheed Martin's rating to 'Overweight' and raised its price target to $835 from $690, following a ten-year framework to produce 850 F-35 fighter jets.

October 26, 2026
Morgan Stanley Raises Lockheed Martin Price Target to $835 Following F-35 Deal

Morgan Stanley upgraded Lockheed Martin stock rating to 'Overweight' from 'Equal-weight', and raised its price target to $835 from $690, according to CNBC.

Lockheed Martin shares rose about 3.9% during trading, after the bank linked the upgrade to a new ten-year framework agreement with the Pentagon covering 850 F-35 fighter jets at a rate of 156 aircraft annually.

The new framework sets an annual production pace of 156 aircraft, providing the company and its suppliers with longer-term visibility into order volumes and reducing reliance on separate annual procurement decisions.

The upgrade reflects the bank's expectation that the company's stock will benefit from greater clarity in fighter jet orders over the coming decade.

What do these terms mean?

Overweight: An investment bank recommendation meaning the stock is expected to outperform the market in the coming period.

Target Price: The price an analyst expects the stock to reach within about a year.

F-35: A multi-role stealth fighter jet produced by Lockheed Martin and used by US forces and their allies.

Share
Keywords

Weekly Newsletter

Read between the lines before everyone else. Decode the most important economic, tech, and decision-maker movements in the region.. in 5 minutes every Saturday.

Follow Us