Lockheed Martin Corporation (LMT) To Provide Anti-Jamming Payload For Japan’s Next-Generation Defense Satellite Communication System

Lockheed Martin Corporation (NYSE:LMT) is among the 10 Best Aerospace Dividend Stocks to Buy. On March 3, the company announced that it will act as a mission partner to Mitsubishi Electric by providing an anti-jamming payload for Japan’s Next-Generation Defense Satellite Communication System.

The payload will help in enhancing the capabilities of the satellite through improved resistance to interference and interoperability with allied and partner countries. The new satellite will succeed Japan’s current operational X-band defense communication satellite.

According to Lockheed Martin Corporation (NYSE:LMT)’s press release, the payload will be manufactured at the defense contractor’s facilities in Colorado, while the final assembly, integration, and testing will be performed by Mitsubishi Electric in Japan.

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In other news, on Thursday, the company named Mark Kvasnak as Vice President of Investor Relations. He will assume charge from March 16, replacing Maria Ricciardone, who remains Vice President, Treasurer.

The F-35 maker’s shares have surged 34% year-to-date, largely driven by ongoing geopolitical conflicts. However, Wall Street has a cautious outlook on the stock with a Hold rating and a slight average downside of 1% as of the close on March 9.

Lockheed Martin Corporation (NYSE:LMT) is one of the world’s largest defense contractors. It specializes in the research, design, and development of advanced technology systems, products, and services.

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