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

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Lockheed Martin : F35 Production Adds Jobs in Johnstown

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03/24/2017 | 04:39pm CET

Release date- 23032017 - JOHNSTOWN, Pa. - Lockheed Martin (NYSE: LMT) will expand production for components of the F35 Lightning II with a new facility in Johnstown, including more than 40 new jobs by the end of 2018.

'The F-35 Lightning II is beginning the transition to full-rate production, and the manufacturing expertise we have here has a growing role in delivering this incredible aircraft to the men and women who defend our nation,' said Gilda Jackson, general manager of Lockheed Martin AeroParts.

Lockheed Martin is in the process of finalizing plans to lease and equip an additional facility to accommodate this new work, and begin producing a subset of parts for the program beginning in the fourth quarter this year. The new work will entail component painting and preparation for the final assembly at the production line in Fort Worth, Texas.

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:

John Neilson

Tel: +44 (0)207 979 8075

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

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Financials ($)
Sales 2017 50 198 M
EBIT 2017 5 799 M
Net income 2017 3 748 M
Debt 2017 11 156 M
Yield 2017 2,72%
P/E ratio 2017 21,11
P/E ratio 2018 18,92
EV / Sales 2017 1,78x
EV / Sales 2018 1,72x
Capitalization 78 107 M
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 283 $
Spread / Average Target 4,9%
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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
Dana Jackson Chief Technology Officer & Vice President
Nolan Don Archibald Lead Independent Director
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