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

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Lockheed Martin : Bahrain signed $3.8-b deal to buy 16 F-16 jets

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10/18/2017 | 07:04am CEST

By: dt news

, Posted on 18-Oct-2017

Manama:Bahrain Defence Force (BDF) yesterday signed the biggest deal in its history to purchase 16 F-16 fighter jets from US aerospace company Lockheed Martin.

The $3.8-billion deal to purchase the upgraded F16 aircrafts was signed between Royal Bahrain Air Force (RBAF) and Lockheed Martin during the second day of the Bahrain International Defence Exhibition and Conference (BIDEC) being held here.

The deal was signed by RBAF Commander Major General Shaikh Hamad bin Abdulla Al Khalifa and Lockheed Martin Executive Vice President Richard Ambrose, in the presence of Bahrain Center for Strategic and International Studies and Energy (DERASAT) Chairman and Middle East Military Alliances and Coalitions (MEMAC) Chairman Shaikh Abdulla bin Ahmed Al Khalifa.

Shaikh Hamad stated that the upgraded F-16 jets will contribute effectively to developing the RBAF, which, he said, also includes many modern systems.

“This is the biggest deal in the history of RBAF,” he said on the sidelines of the a press conference held at BIDEC venue of the Bahrain International Exhibitions and Conferences Centre, announcing the deal.

Ambrose affirmed that Bahrain is the first country in the region to sign such a deal with the American aerospace and defence technologies company, highlighting the great development witnessed by RBAF.

DT News Network [email protected]

(c) 2017 News of Bahrain Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 50 606 M
EBIT 2017 5 680 M
Net income 2017 3 670 M
Debt 2017 11 681 M
Yield 2017 2,33%
P/E ratio 2017 25,18
P/E ratio 2018 22,62
EV / Sales 2017 2,04x
EV / Sales 2018 1,98x
Capitalization 91 659 M
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Lockheed Martin Corporatio Technical Analysis Chart | LMT | US5398301094 | 4-Traders
Technical analysis trends LOCKHEED MARTIN CORPORATIO
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 320 $
Spread / Average Target 0,42%
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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