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MarketScreener Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

LOCKHEED MARTIN CORPORATION

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Lockheed Martin : Delivers First KC-130J Super Hercules Tanker to U.S. Marine Corps Reserve Squadron at Stewart ANGB, New York

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05/29/2020 | 10:10am EDT

Lockheed Martin Delivers First KC-130J Super Hercules Tanker to U.S. Marine Corps Reserve Squadron at Stewart ANGB, New York

MARIETTA, Ga., May 29, 2020 - Lockheed Martin (NYSE: LMT) recently delivered the first KC-130J Super Hercules tanker assigned to Marine Aerial Refueler Transport Squadron 452 (VMGR-452), the Marine Forces Reserve squadron at Stewart Air National Guard Base, New York. A U.S. Marine Corps crew ferried the aircraft from Lockheed Martin's facility here on May 28 to the aircraft's new home.

VMGR-452 is the second Marine Reserve squadron to operate KC-130Js and this delivery signifies the recapitalization of the squadron's existing KC-130T fleet. VMGR-452 - known as the Yankees - has operated Hercules tankers for more than 30 years, flying KC-130s in support of Operations Desert Storm, Enduring Freedom and Iraqi Freedom.

'The KC-130 Hercules tanker has been a pivotal part of Marine Corps aviation operations since 1960, a relationship that began with the KC-130F and R-models, transitioned to the KC-130T and continues now with the KC-130J Super Hercules,' said Rod McLean, vice president and general manager of Lockheed Martin's Air Mobility & Maritime Missions line of business. 'Our C-130 team knows this delivery is significant and represents increased capability for VMGR-452. We are proud to support our Marine aviation partners as they continue to be 'first to fight'.'

KC-130s are operated in support of the Marine Air-Ground Task Force (MAGTF) commander by providing tactical in-flight refueling for fixed-wing, rotary-wing, and tilt-rotor aircraft; aviation delivered ground refueling of aircraft or tactical vehicles; assault air transport or air-landed or aerial-delivered (parachute) personnel and equipment; pathfinder support, battlefield illumination; tactical aeromedical evacuation; and tactical recovery of aircraft and personnel support.

The proven and battle-tested KC-130J builds on the Hercules' proven tanker refueling system while taking full advantage of the tremendous technological and performance enhancements found only in a Super Hercules. Compared to legacy models, the KC-130J delivers increased speed and fuel efficiency, improved payload/range capabilities, an integrated defensive suite, automated maintenance fault reporting, high-altitude ramp and door hydraulics, and unmatched situational awareness with its digital avionics and dual Head Up Displays.

The KC-130J is one of nine production variants of the C-130J Super Hercules, the current production model of the legendary C-130 Hercules aircraft. With 460+ aircraft delivered, the C‑130J is the airlifter of choice for 20 nations. The global Super Hercules fleet has more than 2 million flight hours of experience supporting almost any mission requirement - anytime, anywhere.

The U.S. Marine Corps has the distinction of operating the largest KC-130J Super Hercules fleet in the world. This delivery continues the U.S. government's transition to the C-130J as the common platform across Marine Corps, Air Force and Coast Guard.

For additional information, visit: www.lockheedmartin.com/c130

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 110,000 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 29 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 May 2020 14:09:00 UTC

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Financials (USD)
Sales 2020 63 444 M - -
Net income 2020 6 782 M - -
Net Debt 2020 9 342 M - -
P/E ratio 2020 16,1x
Yield 2020 2,49%
Capitalization 109 B 109 B -
EV / Sales 2019
EV / Sales 2020 1,86x
Nbr of Employees 110 000
Free-Float 99,4%
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Number of Analysts 22
Average target price 423,55 $
Last Close Price 388,44 $
Spread / Highest target 28,7%
Spread / Average Target 9,04%
Spread / Lowest Target -22,0%
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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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