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)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

Lockheed Martin : U.S. Air Force Awards Lockheed Martin JASSM Telemetry Kit Production Contract

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/15/2017 | 09:21am CEST

ORLANDO, Fla.- Lockheed Martin (NYSE: LMT) received a $44.1 million contract from the U.S. Air Force to produce Intelligent Test Instrumentation Kits (iTIK) to be used on Joint Air-to-Surface Standoff Missile (JASSM) flight tests for telemetry and flight termination purposes.

This contract for iTIKs provides benefits across multiple missile programs. These upgraded iTIKs eliminate obsolete parts from previous generation test kits and provide a new product that can be used on several different missiles.

'The new iTIK provides a next generation telemetry kit for both JASSM baseline and Extended Range missiles, as well as the Long Range Anti-Ship Missile,' said Kim Oyler, program manager at Lockheed Martin Missiles and Fire Control. 'The electronic components in this new kit will provide enhanced reliability over the previous generation's mechanical configuration.'

The new iTIKs will be compatible with all production lots of JASSM already in inventory, as well as future lots and variants.

Armed with a penetrating blast-fragmentation warhead, JASSM-Extended Range (ER) can be used in all weather conditions. The stealthy 2,000-pound cruise missile employs an infrared seeker and enhanced digital anti-jam GPS receiver to dial into specific points on high-value, well-fortified, fixed and relocatable targets. The B-1B carries JASSM-ER. Integration on other aircraft platforms is ongoing. More than 2,150 JASSM and JASSM-ER missiles have been delivered.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 97,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

SOURCE Lockheed Martin

(C) 2017 Electronic News Publishing, source ENP Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LOCKHEED MARTIN CORPORATIO
03:06pLOCKHEED MARTIN : Announces Third Quarter 2018 Earnings Results Webcast
PR
10/15LOCKHEED MARTIN : Delivers 300th THAAD Interceptor
AQ
10/15LOCKHEED MARTIN : Pallas Aviation Announced As Launch Operator for Lockheed Mart..
AQ
10/14LOCKHEED MARTIN : F-35 jets back in the air, Lockheed Martin says
AQ
10/13BOEING : wins UH-1N replacement contract
AQ
10/13LOCKHEED MARTIN : Pallas Aviation Announced as Launch Operator for Lockheed Mart..
AQ
10/13LOCKHEED MARTIN : F-35 aircraft grounded worldwide over engine concerns
AQ
10/13LOCKHEED MARTIN : Australia says delivery of F-35 jets not disrupted by Septembe..
RE
10/12LOCKHEED MARTIN : to start producing made-in-India F16 wings in next two-three y..
AQ
10/12LOCKHEED MARTIN : holds first Aerospace and Defence start-up supplier conference
AQ
More news
News from SeekingAlpha
10/15Can A Dividend Growth Portfolio Beat Index Funds? 
10/15F-35 jets take to the air after inspections 
10/15Sears Files For Bankruptcy (Wall Street Breakfast Podcast) 
10/15WALL STREET BREAKFAST : Sears Collapses Into Bankruptcy 
10/13Defense contractors would be spared from Saudi punishment 
Financials ($)
Sales 2018 52 615 M
EBIT 2018 7 126 M
Net income 2018 4 903 M
Debt 2018 12 668 M
Yield 2018 2,47%
P/E ratio 2018 19,38
P/E ratio 2019 17,34
EV / Sales 2018 2,01x
EV / Sales 2019 1,90x
Capitalization 93 300 M
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
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 382 $
Spread / Average Target 15%
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 CORPORATION3.17%93 300
UNITED TECHNOLOGIES CORPORATION1.61%103 716
GENERAL DYNAMICS-5.70%56 842
RAYTHEON2.04%54 681
NORTHROP GRUMMAN CORPORATION-1.48%52 650
BAE SYSTEMS-1.95%23 598