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MarketScreener Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

LOCKHEED MARTIN CORPORATION

(LMT)
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Lockheed Martin : Receives $562 Million Missile Contract

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06/25/2019 | 10:01am EDT

By Micah Maidenberg

Lockheed Martin Corp. (LMT) has received a new contract to produce missiles for the U.S. Army, as well for certain foreign militaries, the defense contractor said.

The Bethesda, Md.-based company said Tuesday it will make Army Tactical Missile System missiles under a $561.8 million contract. In a statement, the company didn't specify which overseas militaries will receive the missiles.

The company will produce the missiles at a facility in Camden, Ark., where it is expanding manufacturing operations.

Shares of Lockheed have risen more than 37% so far this year through Monday, as investors turn to the defense sector to find stocks perceived as safer bets. Investors have also been buying shares of military companies on the expectation that defense spending may rise.

A Senate committee last month approved allocating $750 billion for defense spending as part of a budget bill.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

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Financials (USD)
Sales 2019 58 059 M
EBIT 2019 8 198 M
Net income 2019 5 776 M
Debt 2019 11 333 M
Yield 2019 2,51%
P/E ratio 2019 17,3x
P/E ratio 2020 14,4x
EV / Sales2019 1,93x
EV / Sales2020 1,80x
Capitalization 101 B
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Technical analysis trends LOCKHEED MARTIN CORPORATIO
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 373,32  $
Last Close Price 356,96  $
Spread / Highest target 19,1%
Spread / Average Target 4,58%
Spread / Lowest Target -10,9%
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
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