FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Lockheed Martin's F-35 Set for Higher Purchases by US Air Force, Navy

By

Lockheed Martin's (LMT) F-35 fighter jet will see higher purchases by the US Air Force and Navy over the next five years, Bloomberg reported Friday, citing projections.

The Air Force plans to increase its purchases from 38 jets next year to 42 in fiscal 2028, 46 in 2029, and 48 in both 2030 and 2031, according to the report.

The Navy and Marine Corps intends to purchase 47 jets next year, up from 23 this year, and plans to buy 43 jets in 2028 and 38 or fewer each year from 2029 to 2031, the report said.

The increased quantities are part of the administration's request to Congress to boost the defense budget by more than 40% to $1.5 trillion, but the proposal is facing resistance from both conservatives and Democrats, Bloomberg said.

Lockheed Martin did not immediately respond to a request for comment by.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $507.99, Change: $-21.80, Percent Change: -4.11%

Related Articles

Wire

Unico Silver Reduces Rigs at Argentina Drilling Operations During Transition to Winter Operations

Unico Silver (ASX:USL) said it reduced the number of drill rigs under its drilling operations in Argentina to two from three as it moves into reduced winter operations, according to a Friday Australian bourse filing.The company plans to update the Joaquin project mineral resource estimate in the June quarter to incorporate recent infill drilling.In the same filing, the company said it is conducting pre-feasibility work streams, including geotechnical drilling and interpretation to define open-pit slope and design parameters, as well as comminution and metallurgical test work to confirm processing assumptions and recovery pathways.The company's shares fell past 1% in recent trading on Friday.

ASX:USL
Wire

Coursera Q1 Non-GAAP Earnings Fall, Revenue Rises; Shares Drop After Hours

Coursera (COUR) reported Q1 non-GAAP earnings late Thursday of $0.07 per diluted share, down from $0.12 a year earlier.Analysts polled by FactSet expected $0.08.Revenue in the three months ended March 31 rose to $195.7 million from $179.3 million a year earlier.Analysts surveyed by FactSet expected $195.1 million.Coursera expects Q2 revenue of $196 million to $200 million. Analysts project $200.7 million.The company reaffirmed full-year revenue guidance of $805 million to $815 million. Analysts project $812.7 million.Coursera shares fell 10% in after-hours trading.

$COUR
Wire

MaxLinear Q1 Swings to Adjusted Earnings, Revenue Rises; Q2 Guidance Set

MaxLinear (MXL) reported Q1 adjusted earnings late Thursday of $0.22 per diluted share, swinging from a loss of $0.05 a year earlier.Analysts polled by FactSet expected EPS of $0.18.Revenue for the three months ended March 31 was $137.2 million, up from $95.9 million a year earlier.Analysts surveyed by FactSet expected $134.6 million.For Q2, the company expects revenue of $160 million to $170 million. Analysts expect $137.1 million.The company also amended its credit agreement with certain lenders to extend the maturity of the revolving credit facility to March 2028 and also increased the amount available under the facility to $130 million.

$MXL