Lockheed Martin Corp. (LMT) recently clinched a modification contract for the Guided Multiple Launch Rocket System (GMLRS). The U.S. Army Contracting Command, Redstone Arsenal, AL, has provided the award.   Valued at $3.43 billion, the contract is projected to be completed by Oct. 20, 2027.What’s Favoring LMT Stock?Spending on defense products has increased manifold in the last decade as frequent cross-border conflicts along with civil unrest in different countries have instilled fear among nations across t ...