LONDON, UK / ACCESSWIRE / June 22, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Lockheed Martin Corp. (NYSE: LMT), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=LMT. The Company announced on June 20, 2017, that it has received an Indefinite Delivery/Indefinite Quantity Foreign Military Sales (FMS) contract from the US Air Force to deliver sustainable support for Sniper Advanced Targeting Pods and LANTIRN Navigation Pods. While Sniper ATP is a precision targeting system, selected by the US Air Force, and more than 20 international air forces, LANTIRN navigation pods deliver low-level navigation with terrain-following radar on international F-15 and F-16 aircraft. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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Details of the Agreement

The duration of the contract is five years and has an upper cap of $200 million. Under the terms of the contract, Foreign Military Sales customers will place orders for repairs and returns, on-call technical support, depot activities, and other sustainment efforts. This contract follows the previously announced agreement, under which Lockheed Martin received $99 million in delivery orders for Sniper ATP and LANTIRN navigation pods. The contract was signed on July 12, 2016, and is valid through March 2018, with a ceiling value of $485 million.

LANTIRN Extended Range (ER) navigation and targeting pods offer fighter planes with enhanced range, resolution, and reliability, hence, delivering multi-mission success with a low ownership cost. The pod enables the aircrews to operate at any time of the day, with varying mission altitudes, ranging from sea level to 40,000 feet, and that too, with exceptional targeting performance.

Sniper ATP is a unique targeting pod that delivers superior targeting performance in air-to-ground, air-to-air and maritime environments. The pod comes with a plug-n-play interface, hence, allowing easy integration across aircraft platforms. The pod is constantly evolved to support fourth and fifth generation targeting requirements, where the recent upgrades include two-color laser spot tracking and Global Scope software/advanced NTISR modes.

The Super Hercules Aircraft Portfolio

At the Paris Air Show, on June 20, 2017, the Company officials introduced the C-130-SOF, the newest Super Hercules Aircraft, configured for the international military special operations requirements. The C-130J-SOF is capable of executing missions across a broad spectrum of military operations and enables the pilot to execute psychological operations, airdrop resupply, personnel recovery, infiltration, exfiltration, and re-supply of SOF personnel. The aircraft can also be configured for armed overwatch, which includes a 30mm gun and Hellfire missiles, and Forward Area Refueling Point (FARP) operations.

SNC-Lockheed Collaboration

Lockheed Martin additionally announced on June 20, 2017, that Sierra Nevada Corporation (SNC) has joined the Skunk Works® JSTARS Recapitalization (Recap) team, which currently includes Bombardier and Raytheon, hence, delivering greater value to the partnership, and the US Army as a whole. SNC previously qualified as the prime contractor candidate for the US Air force's JSTARS Recapitalization program. Now, under the collaboration with Lockheed Martin, SNC will perform modifications to Bombardier's Global 6,000 aircraft and will help bring in necessary airworthiness certifications from the FAA and the US.

Company Prospects

On June 5, 2017, Lockheed Martin was selected for a Department of Energy, US contract to improve energy and water efficiency at the federal levels. The Company was one of the 21 Companies selected to implement Energy Savings Performance Contracts, designed to create federal infrastructure developments and energy savings. The individual projects were a part of an ID/IQ contract, with a base period of five years and one 18-month extension option. Lockheed Martin is one of the largest implementers for energy efficient projects in the US, where it partners with government, industrial, and commercial customers to deliver advanced technologies with regulated savings.

Last Close Stock Review

At the closing bell, on Wednesday, June 21, 2017, Lockheed Martin's stock rose slightly by 0.04%, ending the trading session at $282.99. A total volume of 754.42 thousand shares have exchanged hands. The Company's stock price surged 5.04% in the last three months, 12.22% in the past six months, and 18.63% in the previous twelve months. Moreover, the stock rallied 13.22% since the start of the year. The stock is trading at a PE ratio of 22.71 and has a dividend yield of 2.57%. The stock currently has a market cap of $81.97 billion.

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