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Lockheed Martin and Boeing win defense awards with limited market reaction

Boeing won a $562 million Navy drone contract, while Lockheed Martin secured more than $1.3 billion in awards, but investor response was muted.

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Boeing received a $562 million Navy drone contract, and Lockheed Martin secured over $1.3 billion in awards, but neither stock drew much immediate market reaction, according to MarketBeat Ratings.

MarketBeat Ratings said the relative lack of response reflects valuation concerns tied to each company, with Boeing’s pricing outlook drawing particular scrutiny while Lockheed Martin is viewed with a Hold rating by analysts.

The outlet also noted that its coverage did not include Lockheed Martin among a set of five stocks it framed as better buys based on top-rated analyst views, despite the new awards.

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