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NEW YORK ( TheStreet) -- Lockheed Martin Corporation (NYSE: LMT) hit a new 52-week high Friday as it is currently trading at $124.02, above its previous 52-week high of $122.24 with 743,721 shares traded as of 12:15 p.m. ET. Average volume has been 1.8 million shares over the past 30 days. Lockheed Martin has a market cap of $38.55 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 30.2% year to date as of the close of trading on Thursday. Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products for defense, civil, and commercial applications in the United States and internationally.