Lockheed Martin just awarded 11.7 Billion dollar contract by US Navy

What do people on Reddit think?

🚨 Reddit sentiment: mixed/negative - Many comments suggest that the contract value is already factored into Lockheed's stock price ('Priced in') and there are concerns about delays in revenue realization. Additionally, mentions of potential cost overruns lead to a more negative outlook. Summarized comments: - The contract is seen as priced in given Lockheed Martin's history of winning contracts. - The $12 billion contract will be spread over several years, and Lockheed Martin may have wished for a larger contract compared to their $60 billion annual revenue. - Lockheed Martin may not see much financial benefit until they start delivering orders, which could take a couple of years. - The company already has significant back orders totaling over $100 billion. - Some believe the stock has reached its bottom but are not expecting dramatic increases. - There's a sentiment that the contract could eventually become a $22 billion deal due to potential overruns. Stock tickers discussed: $LMT