ROCKVILLE, Md., Aug. 21, 2013 - Lockheed Martin [NYSE: LMT] has been authorized as a provider of cyber security information technology (IT) services and tools for a Department of Homeland Security (DHS) program to defend federal and other government IT networks from threats.
DHS' Continuous Diagnostics and Mitigation (CDM) program will make advanced cyber security tools and services available to strengthen the security of government networks. The tools will ensure that unclassified government networks will be constantly scanned for threats, defended from attacks and audited for performance. Federal agencies and state, local, tribal and territorial governments can implement CDM.
"As a proven leader in cyber security, Lockheed Martin has been entrusted to protect our nation's networks for decades," said Vicki Schmanske, vice president of information technology and security solutions for Lockheed Martin Information Systems & Global Solutions. "With the continuous monitoring program in place, we are extending our cyber security expertise throughout the federal government."
The blanket purchase agreement with Lockheed Martin has a one-year base period with four, one-year options. Lockheed Martin was one of 17 contractors to be awarded a role on the CDM program, which has a potential ceiling value of $6 billion and can be procured under the General Service Administration Federal Systems Integration and Management Center IT Schedule 70.
As a leading provider of cyber security solutions, Lockheed Martin takes an intelligence-driven defense approach to protecting our nation's most critical assets. The company has invested in continuous monitoring technology and partnerships with members of the Lockheed Martin Cyber Security Alliance. Beginning in 2009, Lockheed Martin leveraged advances within its NexGen Cyber Innovation and Technology Center and the Lockheed Martin Cyber Security Alliance to implement a comprehensive continuous monitoring solution.
Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 116,000 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.
Lockheed Martin Corporation specializes in the design, manufacturing and marketing of aeronautic, submarine, and aerospace systems. Net sales break down by activity as follows:
- sale of aeronautic systems (40.3%): military and civilian aircraft, primarily for government organizations;
- sale of helicopters, mission and electronic systems (23.1%): military and commercial helicopters, ships, sea and land-based missile defense systems, radars, sensors, sea and air-based mission and combat systems, training systems, cyber solutions, command, control and communication systems, surveillance and reconnaissance systems, simulation and training systems, etc.;
- sale of air defense and fire control systems (19.3%): air and missile defense systems, tactical missiles, precision strike weapons systems, fire control systems, etc. The group also offers support services for mission operations, preparation, technical support, integration services, etc.;
- sales of aerospace systems (17.3%): satellite systems, missile systems and space transport systems.
Net sales break down by source of income into sales of products (83.4%) and services (16.6%).
Net sales are distributed geographically as follows: the United States (71.6%), Europe (11.7%), Asia/Pacific (10.4%), the Middle East (3.8%) and other (2.5%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
