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MarketScreener Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

LOCKHEED MARTIN CORPORATION

(LMT)
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390.725 USD   +0.06%
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Lockheed Martin : AEHF-6 Protected Communications Satellite Completes On-Orbit Testing

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09/15/2020 | 03:35pm EDT

SUNNYVALE, Calif., Sept. 15 -- The sixth Lockheed Martin (NYSE: LMT)-built Advanced Extremely High Frequency (AEHF-6) protected communications satellite successfully completed its On-Orbit Test (OOT) period on Aug. 27, 2020.

'Successful OOT demonstrates that all space vehicle performance requirements have been met and that we are on track for satellite control authority handover to Space Operations Command before the end of the year,' said Erik Daehler, director of Lockheed Martin's Protected Communications mission area. 'This is a great accomplishment for the industry-government team, bringing incredible capability for our warfighters.'

AEHF-6 will be part of a geostationary ring of ten satellites in the AEHF-MILSTAR constellation delivering global coverage for survivable, highly secure and protected communications for strategic command and tactical warfighters operating on ground, sea and air platforms. The satellite adds increased resiliency and advanced capabilities to this constellation, which ensures the ability to transmit data anywhere, anytime.

Besides U.S. forces, the AEHF system also serves international partners Australia, Canada, the Netherlands and the United Kingdom.

AEHF-6 was successfully launched about five months ago, on March 26, from Cape Canaveral Air Force Station, Florida, aboard a United Launch Alliance Atlas V 551 rocket. The launch was the first mission launch for the U.S. Space Force.

As prime contractor, Lockheed Martin Space developed and manufactured all six AEHF satellites at its production facility located in Sunnyvale, California.

The AEHF team is led by the Production Corps, Geosynchronous Earth Orbit/Polar Division, at the U.S. Force's Space and Missile Systems Center, located at Los Angeles Air Force Base, California.

For additional information, photos and video visit: www.lockheedmartin.com/aehf

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. For additional information, visit our website: www.lockheedmartin.com.

Disclaimer

Lockheed Martin Corporation published this content on 15 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 19:34:08 UTC

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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 16,2x
Yield 2020 2,53%
Capitalization 109 B 109 B -
EV / Sales 2020 1,83x
EV / Sales 2021 1,71x
Nbr of Employees 110 000
Free-Float 99,9%
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Technical analysis trends LOCKHEED MARTIN CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 435,00 $
Last Close Price 390,51 $
Spread / Highest target 30,3%
Spread / Average Target 11,4%
Spread / Lowest Target -0,13%
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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