Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

LOCKHEED MARTIN CORPORATION

(LMT)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Lockheed Martin : Ball and Kratos team on advanced phased array for Air Force

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/19/2019 | 08:35am EDT

Multi-band, Multi-mission satellite antenna prototype adds flexibility, lowers per beam cost

VALLEY FORGE, Pa., Jul. 17, 2019 - Lockheed Martin (NYSE: LMT), Ball Aerospace, and Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) were awarded a $7.2 million prototype agreement by the Defense Innovation Unit to develop a new Multi-Band, Multi-Mission (MBMM) prototype phased array as part of a broader initiative to modernize the existing Air Force Satellite Control Network and bring new technology faster to warfighters. MBMM enables multiple satellites to simultaneously connect with a single array antenna over multiple frequencies, a significant performance improvement compared to traditional single contact parabolic dishes.

The Lockheed Martin team is building prototype transmit and receive electronically steerable arrays (ESA). Each array uses Ball's advanced phased array technologies and supports L- and S-band frequencies initially. Signal processing is accomplished with Kratos' digital intermediate frequency (IF) technology and cloud-enabled quantumRadio.

'MBMM is a smarter way to quickly and affordably scale satellite transmission while lowering long-term maintenance costs for the Air Force,' said Maria Demaree, vice president and general manager of Lockheed Martin Mission Solutions. 'Today, when a parabolic antenna goes down, it can take days to repair; with MBMM, it will take hours and won't take the entire site offline - that's a tremendous advantage.'

Extensive industry research comparing the costs of parabolic antennas to phased arrays over time show that while parabolic antennas have a lower upfront cost, they become much more expensive to maintain. Phased arrays avoid the mechanical maintenance and keyhole effects of parabolic antennas while providing graceful degradation and electronic agility in matching aperture performance to constellation demands.

'One electronically steered antenna can replace multiple dishes, enabling better performance, connectivity and affordability,' said Rob Freedman, vice president and general manager, Tactical Solutions, Ball Aerospace.

'Software modems deployed in virtual machines gives MBMM an advantage because it is easy to scale signal processing on a much faster timeline than previously,' said Frank Backes, senior vice president of Kratos Federal Space.

Future operational MBMM systems will offer new cyber resilience while reducing long-term sustainment costs for the Air Force. MBMM may eventually support multiple orbits from LEO to GEO and can perform multiple missions at the same time, including command & control (C2), launch pad and ascent operations, radar and mission data transmission. The Lockheed Martin/Ball team is one of several teams building prototypes for the government.

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.

About Ball Aerospace

Powered by endlessly curious people with an unwavering mission focus, Ball Aerospace pioneers discoveries that enable customers to perform beyond expectation and protect what matters most. Ball creates innovative space solutions, enables more accurate weather forecasts, drives insightful observations of our planet, delivers actionable data and intelligence, and ensures those who defend our freedom go forward bravely and return home safely.

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security-related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

For further information: Chris Pettigrew, +1 720-607-9445; Christopher.w.Pettigrew@lmco.com

Disclaimer

Lockheed Martin Corporation published this content on 19 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 July 2019 12:34:00 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LOCKHEED MARTIN CORPORATIO
08/19LOCKHEED MARTIN : Announces First Title-Sponsored Space and Air Show, U.S. Air F..
PU
08/14LOCKHEED MARTIN : Triumph Sensors Provide Feeling Of Flight For Remote Operators
PR
08/14LOCKHEED MARTIN : High School Students Earn Aircraft Manufacturing Pre-Apprentic..
AQ
08/13LOCKHEED MARTIN : High School Students Earn Aircraft Manufacturing Pre-Apprentic..
PU
08/13LOCKHEED MARTIN : New Model Standardizes Measurement Of Cybersecurity In Critica..
AQ
08/13LOCKHEED MARTIN : Sikorsky S-92A Helicopter Certified For Expanded Brazil Operat..
AQ
08/13UNDER CONTROL : Lockheed Martin-Built AEHF-5 Protected Communications Satellite ..
AQ
08/13LOCKHEED MARTIN : New Model Standardizes Measurement of Cybersecurity in Critica..
PR
08/13LOCKHEED MARTIN : Sikorsky S-92A Helicopter Certified For Expanded Brazil Operat..
AQ
08/13Global Military Drones Market Value Is Expected To Reach $19.04 B By 2022
AQ
More news
Financials (USD)
Sales 2019 59 140 M
EBIT 2019 8 402 M
Net income 2019 6 008 M
Debt 2019 11 418 M
Yield 2019 2,36%
P/E ratio 2019 17,9x
P/E ratio 2020 15,2x
EV / Sales2019 2,01x
EV / Sales2020 1,88x
Capitalization 107 B
Chart LOCKHEED MARTIN CORPORATION
Duration : Period :
Lockheed Martin Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends LOCKHEED MARTIN CORPORATIO
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 392,89  $
Last Close Price 380,47  $
Spread / Highest target 12,5%
Spread / Average Target 3,26%
Spread / Lowest Target -12,5%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
LOCKHEED MARTIN CORPORATION45.31%107 444
UNITED TECHNOLOGIES CORPORATION17.44%109 269
NORTHROP GRUMMAN CORPORATION51.11%62 617
GENERAL DYNAMICS CORPORATION19.32%54 055
RAYTHEON16.20%49 911
HARRIS CORPORATION--.--%47 172