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

Delayed Quote. Delayed  - 09/30 10:03:00 pm
239.72 USD   -1.08%
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Lockheed Martin : to Deliver New Simulation-Based F-16 Training Environment to Royal Jordanian Air Force

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09/30/2016 | 02:30pm CEST

Release date- 29092016 - ORLANDO, Fla. - Lockheed Martin (NYSE: LMT) will deliver a new simulation-based F-16 training environment for the Royal Jordanian Air Force (RJAF) under a contract valued at nearly $40 million.

The family of training systems includes a comprehensive suite of full mission trainers and combat tactics trainers that can be networked together, aligning technologies to deliver advanced training while meeting affordability goals.

'Our solution builds on our proven fifth-generation training system with hardware and software tailored for the F-16,' said Sandy Samuel, vice president of Lockheed Martin's Training and Simulation Solutions. 'By fielding a family of training systems, we can help the Royal Jordanian Air Force reserve higher fidelity devices for more advanced training scenarios and optimize their pilot throughput in training.'

Under this contract, Lockheed Martin will deliver the suite of simulators in 2018, also providing contractor logistics support services. The technology can be networked together to enable multiple pilots to train together on advanced scenarios.

RJAF's F-16 training environment includes the Lockheed Martin-developed Scalable Advanced Graphics Engine (SAGE) image generator. SAGE blends the company's expertise in military simulation with advanced gaming technology to provide richly detailed images and motion for increased realism in flight simulation.

Since 2001, Lockheed Martin has delivered F-16 training solutions and services to airmen from 15 allied nations. The simulation-based training environment replicates all systems, sensors and weapons for a total training solution for F-16 pilots.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 98,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Contact:

Dan Nelson

Tel: +1 (301) 897-6230

(c) 2016 Electronic News Publishing -, source ENP Newswire

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Financials ($)
Sales 2016 46 011 M
EBIT 2016 5 432 M
Net income 2016 4 099 M
Debt 2016 12 466 M
Yield 2016 2,79%
P/E ratio 2016 19,74
P/E ratio 2017 18,89
EV / Sales 2016 1,87x
EV / Sales 2017 1,80x
Capitalization 73 406 M
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 264 $
Spread / Average Target 9,0%
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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
Dana Jackson Chief Technology Officer & Vice President
Nolan Don Archibald Lead Independent Director
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