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MarketScreener Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

LOCKHEED MARTIN CORPORATION

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Lockheed Martin : France's Armée de l'Air Receives First KC-130J Super Hercules Aerial Refueler

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09/19/2019 | 01:07pm EDT

This is the first of two KC-130Js joining France's two C-130J-30 Super Hercules Airlifters

ORLÉANS, France, Sept. 19, 2019 - Lockheed Martin (NYSE: LMT) delivered the first of two KC-130J Super Hercules aerial refuelers to representatives from France's Armée de l'Air's 62st Transport Wing at Orléans-Bricy Air Base today.

France will receive a total of four Super Hercules aircraft - two C-130J-30 combat delivery airlifters and two KC-130J aerial refuelers - through a Foreign Military Sale with the U.S. government. The two C-130J-30 airlifters were delivered in 2017 and 2018, and a second KC-130J will deliver in 2020. All of these Super Hercules are operated in conjunction with France's existing C-130H fleet.

'The KC-130J provides Armée de l'Air crews with a proven solution that delivers much-needed fuel in any environment, at any time,' said Rod McLean, vice president and general manager, Air Mobility & Maritime Missions at Lockheed Martin. 'In choosing to operate both the C-130J-30 and the KC-130J, France has built a diverse airlift fleet that expands both the capabilities and global reach of the French Armed Forces.'

France is the 17th country to choose the C-130J for its airlift needs. The C-130J Super Hercules is the most advanced tactical airlifter in operation today, offering superior performance and enhanced capabilities with the range and versatility for every theater of operations and evolving requirements.

As the preeminent tactical aerial refueling tanker, the KC-130J is a battle-tested solution that takes full advantage of the tremendous technological and performance improvements inherent in the C-130J Super Hercules aircraft. A true force multiplier, the KC-130J refuels both fixed wing and rotary wing aircraft as well as conducts rapid ground refueling.

With this delivery, France joins a global community of KC-130J operators. In 2018, Germany announced the acquisition of a C-130J-30/KC-130J fleet, to be operated in partnership with France - making this first such operator relationship in C-130J history.

For more information on the C-130J Super Hercules, visit www.lockheedmartin.com/c130.

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.

For further information: Stephanie Stinn, APR; +1 678-761-6687; stephanie.stinn@lmco.com

Disclaimer

Lockheed Martin Corporation published this content on 19 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 September 2019 17:06:03 UTC

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Financials (USD)
Sales 2019 59 132 M
EBIT 2019 8 400 M
Net income 2019 6 009 M
Debt 2019 11 418 M
Yield 2019 2,28%
P/E ratio 2019 18,5x
P/E ratio 2020 15,6x
EV / Sales2019 2,07x
EV / Sales2020 1,94x
Capitalization 111 B
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 393,90  $
Last Close Price 393,43  $
Spread / Highest target 8,79%
Spread / Average Target 0,12%
Spread / Lowest Target -10,5%
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Managers
NameTitle
Marillyn A. Hewson Chairman, President & Chief Executive Officer
Rodney A. Makoske SVP-Corporate Engineering, Technology & Operations
Bruce L. Tanner Chief Financial Officer & Executive Vice President
Nolan Don Archibald Lead Independent Director
Joseph W. Ralston Independent Director
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