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4-Traders Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

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Lockheed Martin : Legion Pod Wins F-15C IRST Competition

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09/21/2017 | 05:01pm CEST

Release date- 20092017 - ORLANDO, Fla. - Lockheed Martin's (NYSE: LMT) Legion Pod has been selected as the Infrared Search and Track (IRST) system for the U.S. Air Force's F-15C fleet.

Lockheed Martin will produce more than 130 systems, which will be delivered for aircraft integration.

Equipped with the company's IRST21 infrared sensor and advanced data processing capabilities, Legion Pod provides long-range detection and tracking of airborne threats in radar-denied environments. The Boeing Company, serving as the U.S. Air Force's prime contractor, source selection authority and aircraft integrator, will award Lockheed Martin an engineering, manufacturing, development and production contract for Legion Pod in 2018.

'With a rapid delivery schedule and unmatched sensing capabilities, Legion Pod will immediately enhance our warfighters' operations and address a passive attack capability gap,' said Paul Lemmo, vice president of Fire Control/Special Operations Forces Contractor Logistics Support Services at Lockheed Martin Missiles and Fire Control. 'Our proven partnerships with Boeing, including on our U.S. Navy F/A-18E/F IRST21 and international F-15 IRST products, will ensure successful execution of the F-15C Legion Pod program for the U.S. Air Force.'

Lockheed Martin will deliver its first Legion Pod for the program in 2018, with additional deliveries planned for 2019. Lockheed Martin previously completed more than 25 flight tests with Legion Pod on the F-15C and F-16, successfully demonstrating its integration, detection and tracking capabilities.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 97,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Contact:

Bill Phelps

Tel: +1 (301) 897-6230

(c) 2017 Electronic News Publishing -, source ENP Newswire

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Financials ($)
Sales 2017 50 562 M
EBIT 2017 5 737 M
Net income 2017 3 698 M
Debt 2017 11 679 M
Yield 2017 2,41%
P/E ratio 2017 23,92
P/E ratio 2018 21,40
EV / Sales 2017 1,98x
EV / Sales 2018 1,93x
Capitalization 88 672 M
Chart LOCKHEED MARTIN CORPORATIO
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Lockheed Martin Corporatio Technical Analysis Chart | LMT | US5398301094 | 4-Traders
Technical analysis trends LOCKHEED MARTIN CORPORATIO
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 313 $
Spread / Average Target 1,7%
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
Anne L. Stevens Independent Director
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