Relativity Space has bagged its first public government contract, and with a major defense contractor at that. The launch startup's 3D-printed rockets are a great match for a particularly complex mission Lockheed is undertaking for NASA's Tipping Point program. The mission is a test of a dozen different cryogenic fluid management systems, including liquid hydrogen, which is a very difficult substance to work with indeed.
Lockheed Martin (LMT) investors are moving to the sidelines, worried about budget cuts under a Democratic administration.
Lockheed Martin's (LMT) Q3 net sales amount to $16,495 million, surpassing the Zacks Consensus Estimate by 1.8% and increasing 8.7% year over year.