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MarketScreener Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

LOCKHEED MARTIN CORPORATION

(LMT)
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Lockheed Martin Corporation : Lockheed Martin Delivers 100th Targeting System for F-35

07/12/2013 | 09:30am EST

Orlando, Fla., July 12, 2013 - Lockheed Martin [NYSE: LMT] recently delivered the 100thElectro-Optical Targeting System (EOTS) for the F-35 Lightning II. EOTS provides affordable, high performance multifunction targeting to the F-35's full spectrum of military operations.

EOTS is the first sensor that combines forward-looking infrared and infrared search and track functionality to provide F-35 pilots with situational awareness andair-to-air and air-to-surface targeting from a safe distance. This technology allows aircrews to identify areas of interest, perform reconnaissance and precisely deliver laser and GPS-guided weapons.

"F-35 pilots can use the imagery to determine exactly where to strike while staying out of harm's way," said Ken Fuhr, director of fixed wing programs at Lockheed Martin Missiles and Fire Control. "Delivering our 100th F-35 EOTS is one step closer to ensuring all F-35 pilots can perform their missions and return home safely."

Lockheed Martin is currently producing EOTS under the seventh low-rate initial production contract. Planned production quantities for the F-35 exceed 3,000 aircraft with deliveries through 2030.

Key components of EOTS are manufactured at the company's Ocala, Fla., and Santa Barbara, Calif., facilities. In addition to EOTS, Lockheed Martin also manufactures the low observable window for the aircraft at the company's Orlando, Fla., facility. 

The F-35 Lightning II is a 5th generation fighter, combining advanced stealth with fighter speed and agility, fully fused sensor information, network-enabled operations and advanced sustainment. Three distinct variants of the F-35 will replace the A-10 and F-16 for the U.S. Air Force, the F/A-18 for the U.S. Navy, the F/A-18 and AV-8B Harrier for the U.S. Marine Corps, and a variety of fighters for at least 10 other countries.

Lockheed Martin Missiles and Fire Control is a 2012 recipient of the U.S. Department of Commerce's Malcolm Baldrige National Quality Award for performance excellence. The Malcolm Baldrige Award represents the highest honor that can be awarded to American companies for achievement in leadership, strategic planning, customer relations, measurement, analysis, workforce excellence, operations and business results.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 118,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2012 were $47.2 billion.

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Financials (USD)
Sales 2020 65 292 M - -
Net income 2020 6 839 M - -
Net Debt 2020 8 779 M - -
P/E ratio 2020 14,0x
Yield 2020 2,89%
Capitalization 95 546 M 95 546 M -
EV / Sales 2020 1,60x
EV / Sales 2021 1,51x
Nbr of Employees 110 000
Free-Float 99,9%
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 425,07 $
Last Close Price 341,50 $
Spread / Highest target 46,4%
Spread / Average Target 24,5%
Spread / Lowest Target 7,76%
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Managers and Directors
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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