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MarketScreener Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

LOCKHEED MARTIN CORPORATION

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Lockheed Martin : Sikorsky Participates In The Competition For Germany's New Heavy Transport Helicopter; The CH-53K transports more equipment over longer distances and higher altitudes than any other heavy transport helicopter in mass production

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05/29/2019 | 11:28am EDT

BERLIN - Sikorsky, a Lockheed Martin company (NYSE: LMT), has formally announced its participation in the competition for the new Heavy Transport Helicopter (STH) of the German Air Force. Sikorsky will be offering the state-of-the-art heavy transport helicopters available on the market this summer, the CH-53K 'King Stallion'. This new helicopter allows the Bundeswehr to move troops and equipment faster, safer and more effectively than ever before.

'The CH-53K is the modern heavy-duty solution that provides the Bundeswehr with a safe, reliable transport helicopter that can be put into service seamlessly and without retrofitting in the coming decades. It is the only heavy-duty transport helicopter that will remain in production until 2032 and beyond, ' says Sikorsky President Dan Schultz. 'Our strong German industrial team will maintain and maintain over the next 40-50 years, ensuring high-quality jobs throughout the country over the next few decades.'

Sikorsky and its German industry partners, including Rheinmetall, are confident that the Sikorsky CH-53K will provide tremendous growth potential over its entire lifecycle and provide significant added value for the Bundeswehr. The German partners of the program include: Rheinmetall, MTU, ZF Luftfahrttechnik GmbH, Autoflug, HYDRO Systems, Collins Aerospace, Vincorion, Hensoldt, Liebherr and Rohde & Schwarz.

'Sikorsky has already entered into a close partnership with more than ten leading German technology companies, including Rheinmetall, MTU, Autoflug and HYDRO,' said Susanne Wiegand, board member of Rheinmetall Defense. 'This team is the basic requirement for a successful STH program. It offers a high domestic value added share as well as a high availability of the helicopter. We very much hope that a procurement decision will be made in favor of CH-53K. '

CH-53K 'King Stallion' Update

Already on May 17, 2019, the US Marine Corps ordered 12 more CH-53K transport helicopters, increasing the contract volume to a total of 14 as part of the LRIP (Low Rate Initial Production). In addition, there are four more CH-53Ks, one of which has already been delivered. The Marine Corps has a need for a total of 200 helicopters of this class.

'We are pleased that the US Marine Corps has chosen the CH-53K. The CH-53K is the most advanced, intelligent and powerful heavy duty transport helicopter available on the market, giving us an idea of ??the enormous capabilities of the CH-53K in the US. Countless successful test flights by helicopter are testimony to the advanced readiness for series production of the test program, ' says Susg. Wiegand.

The all-new CH-53K 'King Stallion' is currently undergoing a comprehensive test program that has already completed more than 1,400 flight hours to ensure safe and effective operation, allowing more equipment over longer distances and larger ones Heights are higher than any other heavy transport helicopter in production.

The milestones in the field trial include high-altitude and high-altitude, limited-visibility flights at a height of 18,500 feet, as well as external cargo handling of more than 16 tons at a suspension point, forward flight at a speed of over 200 knots, and a 60-degree tilt angle , Takeoffs and landings on the steep slope as well as automatic ejection of an external load.

More information on the CH-53K in German: https://www.lockheedmartin.com/de-de/index/ch-53k-germany-de.html

CH-53K image material for editorial use: https://www.lockheedmartin.com/en-us/products/sikorsky-ch-53k-helicopter/ch-53k-media-kit.html

Impressions of the CH-53K test program: https://www.lockheedmartin.com/en-us/news/features/2019-features/8-ways-the-sikorsky-ch-53k-proved-it-is-king- in-2018.html

ABOUT LOCKHEED MARTIN

Lockheed Martin is a global security and aerospace company headquartered in Bethesda, Maryland, USA, which employs approximately 105,000 people worldwide, and has a strong track record in researching, developing, manufacturing, integrating and maintaining technological systems, products and services. More information at http://www.lockheedmartin.com

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
LOCKHEED MARTIN CORPORATION 0.21% 356.96 Delayed Quote.36.33%
RHEINMETALL 0.89% 102.45 Delayed Quote.31.61%
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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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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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