Lockheed Martin stock rises 3.6% after securing a contract to provide PAC-3 MSE interceptor missiles to the US Department of Defense. The deal guarantees demand for Lockheed and enables a production increase from 600 to 2,000 missiles annually for seven years, potentially generating billions in revenue.

Priced at $4.2 million per unit, the PAC-3 MSE contract is a $2.5 billion franchise for Lockheed. Increased production could triple revenue to $8.4 billion annually, boosting profits and margins. This news is expected to positively impact Lockheed Martin stock and justify the current price increase.

Before investing in Lockheed Martin stock, note that the Motley Fool Stock Advisor team did not include it in their list of 10 best stocks to buy now. Their top picks have historically yielded significant returns, like Netflix and Nvidia, offering valuable investment opportunities outside of Lockheed Martin.

Read more at Yahoo Finance: Why Lockheed Martin Stock Popped Today