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 : USAF begins new Egyptian F110 upgrade program

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/18/2019 | 11:25am EDT

TINKER AIR FORCE BASE, Oklahoma - An Egyptian Air Force F-16C is shown in-flight near Ft. Worth, Texas during a pre-delivery, functional test flight with Lockheed-Martin. The jet is powered by a General Electric F110 engine. (Courtesy photo by Lockheed-Martin)

A big step forward to modernize the Egyptian Air Force F-16 'Fighting Falcon' fleet will take place July 25th in San Antonio, Texas. United States Air Force contracting, through Defense Logistics Agency-Aviation's Strategic Acquisition Program, has awarded an Egyptian long-term F110 propulsion sustainment contract to GE Aviation. The ceremony will recognize the enterprise collaboration with a focus on Egyptian F-16 mission readiness.

Senior leaders from the United States Air Force, EAF, GE Aviation, StandardAero, DLA-Aviation and Foreign Military Sales will attend a ceremony at the StandardAero San Antonio facilities to celebrate the first General Electric F110-100 engine Service Life Extension Program induction under the Pacer Pharaoh Program. The ceremony will recognize the rapid collaborative effort led by the United States Air Force and its industry partners to stand-up overhaul capabilities for the EAF's F110 propulsion fleet.

'Sustainment of high performance propulsion weapon systems require collaborative effort between the OEM, Government contracting, industry and warfighters,' said Chuck Darnell, chief Propulsion Sustainment Division, AFLCMC. 'Agile contracts, such as EAF F110 SLEP sets the stage to fly, fight and win with our partner nations.'

Tinker Air Force Base's 76th Propulsion Maintenance Group supported EAF F110 engine upgrades during the previous decade. After PMXG faced capacity issues, the USAF approached DLA-Aviation with an urgent EAF F110 fleet support requirement with a vision to develop long-term worldwide sustainment options.

In May, DLA-Aviation awarded a Pacer Pharaoh Program support contract to GE Aviation valued at more than $79 million to upgrade EAF engines to the F110-100C configuration. This Pacer Pharaoh Program support contract transfers the EAF's F110 engine workload to GE Aviation, in collaboration with StandardAero. The Air Force Captains of Industry partnership, which uses Supplier Capability Contracts to streamline the procurement process, has expedited this contracting effort.

This EAF contract is the first joint F110 engine overhaul capability between GE and StandardAero. The contract assures continued support for our partner nation by providing SLEP and Engine Structural Integrity Program repair capabilities. The agreement will also provide uninterrupted support for the EAF while reducing turn-around time and creating new capabilities for the USAF, international partner nations and GE Aviation.

This USAF, DLA-Aviation, GE Aviation and StandardAero collaborative contracting effort opens the door for additional multi-nation ENSIP repair contracting with a goal to provide everybody propulsion sustainment options.

(C) 2019 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
01:17pLOCKHEED 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%106 464
UNITED TECHNOLOGIES CORPORATION17.44%107 897
NORTHROP GRUMMAN CORPORATION50.23%62 250
GENERAL DYNAMICS CORPORATION17.26%53 122
RAYTHEON16.20%49 632
HARRIS CORPORATION--.--%46 689