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MarketScreener Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

LOCKHEED MARTIN CORPORATION

(LMT)
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Barclays hires technology services banker from Deutsche Bank

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10/19/2018 | 11:20am EDT
Barclays' building in Canary Wharf is seen behind a City of London sign outside Billingsgate Market in London

NEW YORK (Reuters) - Barclays PLC said on Friday it had hired an investment banker from Deutsche Bank, Ed Wehle, to focus on technology services deals based in New York.

Wehle, who is a managing director, will become head of global technology services banking and report to Barclays co-heads of technology banking in the Americas, Greg Dalvito and Laurence Braham, Barclays said in a statement.

A spokeswoman for Deutsche Bank declined to comment.

Wehle joined Deutsche Bank in 2017 but spent most of his 25-year career at Citigroup Inc, the memo said.

In 2016, Wehle advised on the sale of Dell's Perot Systems to NTT Data Corp as well as the merger between Leidos Holdings Inc and Lockheed Martin's IT services business.

Just about every investment bank has been scrambling to hire bankers specializing in technology to keep up with demand from clients across industries which are grappling with sweeping changes to their businesses ranging from automation to artificial intelligence.

Deutsche Bank said it hired a software banker Matthew Upton from Mizuho on Thursday.

Technology services providers such as IBM, Cognizant Technology Solutions and Accenture have been expanding their offerings in digital and cloud services through acquisitions to boost their profitability is under pressure as corporate clients demand more work for less money.

(Reporting by Liana B. Baker and Carl O'Donnell in New York; Editing by Susan Thomas)

By Liana B. Baker and Carl O'Donnell

Stocks mentioned in the article
ChangeLast1st jan.
BARCLAYS PLC 0.37% 97.61 Delayed Quote.-45.86%
CAREER CO., LTD. -3.90% 370 End-of-day quote.-25.25%
CITIGROUP INC. 1.63% 43.11 Delayed Quote.-46.90%
DEUTSCHE BANK AG 1.64% 7.19 Delayed Quote.3.95%
LEIDOS HOLDINGS, INC. -1.57% 89.15 Delayed Quote.-7.48%
LETS HOLDINGS GROUP CO., LTD. -2.00% 9.8 End-of-day quote.62.25%
LINE CORPORATION 0.00% 5360 End-of-day quote.0.19%
LOCKHEED MARTIN CORPORATION -1.40% 383.28 Delayed Quote.-0.16%
LOOK HOLDINGS INCORPORATED -2.25% 827 End-of-day quote.-33.95%
NEXT PLC 0.88% 5950 Delayed Quote.-15.96%
NTT DATA CORPORATION -5.69% 1342 End-of-day quote.-8.52%
ONE STOP SYSTEMS, INC. -1.41% 2.1 Delayed Quote.3.96%
THE GLOBAL LTD. 3.88% 214 End-of-day quote.-54.56%
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Financials (USD)
Sales 2020 64 633 M - -
Net income 2020 6 778 M - -
Net Debt 2020 8 802 M - -
P/E ratio 2020 16,1x
Yield 2020 2,54%
Capitalization 109 B 109 B -
EV / Sales 2020 1,82x
EV / Sales 2021 1,70x
Nbr of Employees 110 000
Free-Float 99,9%
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Technical analysis trends LOCKHEED MARTIN CORPORATION
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 435,00 $
Last Close Price 388,74 $
Spread / Highest target 30,9%
Spread / Average Target 11,9%
Spread / Lowest Target 0,32%
EPS Revisions
Managers
NameTitle
James D. Taiclet President, Chief Executive Officer & Director
Marillyn A. Hewson Executive Chairman
Frank A. St. John Chief Operating Officer
Kenneth R. Possenriede Chief Financial Officer & Executive Vice President
Rodney A. Makoske SVP-Corporate Engineering, Technology & Operations
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