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

LOCKHEED MARTIN CORPORATION (LMT)
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LOCKHEED MARTIN : SELECTS RAYTHEON TO DELIVER NEXT GENERATION F-35 SENSOR SYSTEM

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06/18/2018 | 01:53pm CEST

FORT WORTH - Lockheed Martin [NYSE: LMT] selected Raytheon [NYSE: RTN] to develop and deliver the next generation Distributed Aperture System (DAS) for the F-35 fighter jet.

The result of a Lockheed Martin-led competition, the selection will enhance capability and reduce cost.

The F-35's DAS collects and sends high resolution, real-time imagery to the pilot's helmet from six infrared cameras mounted around the aircraft, allowing pilots to see the environment around them - day or night. With the ability to detect and track threats from any angle, the F-35 DAS gives pilots unprecedented situational awareness of the battlespace.

'The supply chain competition for the next generation F-35 Distributed Aperture System resulted in significant cost savings, reliability and performance improvements,' said Greg Ulmer, Lockheed Martin vice president and general manager of the F-35 program. 'We are aggressively pursuing cost reduction across the F-35 enterprise and this initiative is a clear demonstration of our unrelenting commitment to reduce costs and deliver transformational capabilities for the warfighter.'

Reduce Costs, Increased Performance

The Raytheon-built DAS will be integrated into F-35 aircraft starting with Lot 15 aircraft, expected to begin deliveries in 2023. The next generation DAS system is estimated to generate the following results compared to the current system:

More than $3 billion in life cycle cost savings o Approximately 45 percent reduction in unit recurring cost o Greater than 50 percent reduction in operations and sustainment cost 5 times more reliability 2 times performance capability improvement

The new system will also indirectly benefit aircraft readiness and service manpower requirements

'Raytheon's solution delivers next generation capability for the fifth generation F-35,' said Roy Azevedo vice president of Intelligence, Surveillance and Reconnaissance Systems at Raytheon Space and Airborne Systems. 'Our focus is on providing pilots every tactical advantage imaginable while ensuring taxpayers receive the best value possible.'

With stealth technology, advanced sensors, weapons capacity and range, the F-35 is the most lethal, survivable and connected fighter aircraft ever built. More than a fighter jet, the F-35's ability to collect, analyze and share data is a powerful force multiplier enhancing all airborne, surface and ground-based assets in the battlespace and enabling men and women in uniform to execute their mission and come home safe.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 100,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

About Raytheon

Raytheon Company, with 2017 sales of $25 billion and 64,000 employees, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 96 years, Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Massachusetts. Follow us on Twitter.

Contact:

Tel: +1 (613) 762-5753

(C) 2018 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
RAYTHEON 0.18% 201.9096 Delayed Quote.7.28%
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Financials ($)
Sales 2018 51 350 M
EBIT 2018 6 783 M
Net income 2018 4 510 M
Debt 2018 12 796 M
Yield 2018 2,64%
P/E ratio 2018 20,08
P/E ratio 2019 17,56
EV / Sales 2018 1,97x
EV / Sales 2019 1,85x
Capitalization 88 554 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
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 374 $
Spread / Average Target 21%
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
Joseph W. Ralston Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
LOCKHEED MARTIN CORPORATION-3.40%88 554
UNITED TECHNOLOGIES CORPORATION-0.52%101 536
AIRBUS SE24.82%93 364
GENERAL DYNAMICS-3.76%58 159
RAYTHEON7.28%57 889
NORTHROP GRUMMAN CORPORATION4.76%56 068