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MarketScreener Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

LOCKHEED MARTIN CORPORATION

(LMT)
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Lockheed Martin : Sikorsky Innovations Announces 9th Entrepreneurial Challenge Awardees And Launches Entrepreneurial Network

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11/12/2019 | 08:07am EST

Sikorsky, a Lockheed Martin Company (NYSE: LMT), today announced Continuous Composites as the winner of the 9th Entrepreneurial Challenge.

The Entrepreneurial Challenge is led by Sikorsky Innovations and is designed to accelerate innovators and disruptive technology concepts with applications to the aerospace industry.

'This year we received the most first round applications ever,' said Chris Van Buiten, vice president of Sikorsky Innovations. 'We are thrilled to continue to work with a variety of entrepreneurs and small businesses to explore new technology and concepts.'

Continuous Composites is advancing its Continuous Fiber 3D Printing (CF3D) technology in the defense and aerospace sectors for the next generation of composites with deeply embedded functional microstructures.

'This recognition is a great follow-on to our recently announced Joint Development Agreement with Arkema Group (EPA:AKE) as we build the base for future revenue streams and advance our strategic initiatives,' said Tyler Alvardo, CEO of Continuous Composites. 'Those initiatives include applying CF3D to print carbon-bonded-carbon composites used in hypersonic applications where both extremely high heat and strength are required. We are continuing to establish strategic partnerships as we move toward the anticipated commercialization of our technology in 2021.'

Sikorsky Innovations also awarded two special recognition awardees: Vita Inclinata and Ubisense. Vita Inclinata is developing an autonomous, unmanned suspended Load Stability System (LSS) for integration into rotary wing suspended load operations. Ubisense has a SmartSpace platform that brings visibility of the physical world to planning management and control systems This is done by creating a real-time digital twin of complex process flows which is built on dynamic tracking of the location, motion and interactions of key assets.

Three companies were also chosen for an honorable mention award: Climacell, Magnetic 3D and Vartega.

Invite to Entrepreneurs

Sikorsky is introducing a new set of focus areas including: low noise aircraft enabling technologies, technologies that enhance human-machine taming, advanced validation and verification for non-deterministic software and wireless sensor network cyber resilience solutions. These focus areas are part of the newly formed Entrepreneurial Network. Evolving from previous initiatives, the Entrepreneurial Network will continue to enable interactions between Sikorsky and a wide variety of innovators. This process will underline Sikorsky's commitment to innovative collaboration to meet and exceed our customers needs.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Contact:

Tel: 866-562-2363

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
IQGEO GROUP PLC -6.67% 42 Delayed Quote.-33.33%
LOCKHEED MARTIN CORPORATION -0.13% 381.38 Delayed Quote.45.84%
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Financials (USD)
Sales 2019 59 137 M
EBIT 2019 8 390 M
Net income 2019 6 143 M
Debt 2019 11 067 M
Yield 2019 2,36%
P/E ratio 2019 17,5x
P/E ratio 2020 15,6x
EV / Sales2019 2,00x
EV / Sales2020 1,87x
Capitalization 107 B
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 398,40  $
Last Close Price 379,79  $
Spread / Highest target 15,9%
Spread / Average Target 4,90%
Spread / Lowest Target -5,21%
EPS Revisions
Managers
NameTitle
Marillyn A. Hewson Chairman, President & Chief Executive Officer
Rodney A. Makoske SVP-Corporate Engineering, Technology & Operations
Kenneth R. Possenriede Chief Financial Officer & Executive Vice President
James Oren Ellis Independent Director
David B. Burritt Independent Director
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