Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Lockheed Martin Corporation : Lockheed Martin clinches $4 billion Pentagon missile defence deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/21/2013 | 12:39pm CET
Handout photo of workers on the moving line and forward fuselage assembly areas for the F-35 JSF at Lockheed Martin Corp's factory located in Fort Worth, Texas

The Pentagon said on Friday it had finalized a contract worth nearly $4 billion (2 billion pounds) with Lockheed Martin Corp to supply additional missile defence equipment to the United States and the United Arab Emirates.

The deal involves Lockheed's Terminal High Altitude Area Defense (THAAD) missile defence system that is designed to intercept ballistic missiles in midair, according to the Pentagon's daily digest of major weapons contracts.

The contract reflects growing confidence and demand for the missile defence system, said Riki Ellison, founder of the non-profit Missile Defense Advocacy Alliance.

The deal, which has been in negotiation for several years, will combine orders for the United States and UAE, generating savings for the United States of about 10 percent, said Mat Joyce, Lockheed vice president and THAAD program manager.

It includes 192 interceptors for the UAE and up to 110 interceptors for the U.S. Army, including an option for fiscal 2014 that is valued at $352 million, to be exercised no later than December 31, according to the Pentagon announcement.

Joyce said the option would allow the U.S. government to benefit from the lower pricing at a time when it is facing likely additional reductions in the U.S. defence budget.

The United States is in talks with Qatar on a possible sale of the THAAD missile defence system.

Saudi Arabia, Japan and South Korea have also expressed interest, Joyce said.

The U.S. Missile Defense Agency last week conducted the first operational test of the THAAD system and its ability to work together with the Aegis combat system on a guided-missile destroyer. Working together, the two systems intercepted two medium-range ballistic missile that were fired nearly simultaneously.

Earlier this year, after North Korea threatened to launch a nuclear attack on the United States, the Pentagon moved two Aegis destroyers to the western Pacific and a THAAD missile system to its Pacific territory of Guam.

(Reporting by Patrick Rucker and Andrea Shala-Esa; Editing by Eric Beech and Ron Popeski)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on LOCKHEED MARTIN CORPORATIO
12/12 LOCKHEED MARTIN : Huge Bluegrass Station expansion plan likely dead. Why local o..
12/12 Canada to Boeing - back down or lose chance of big fighter order
12/12 CANADA TO BOEING : back down or lose chance of big fighter order
12/12 LOCKHEED MARTIN : 's Long Range Anti-Ship Missile Marks Another Successful Fligh..
12/12 LOCKHEED MARTIN : Federal Contracts Awarded by Federal Agencies in California (D..
12/12 LOCKHEED MARTIN : Federal Contracts Awarded to Companies in Virginia (Dec. 12)
12/12 LOCKHEED MARTIN : Continues to Strengthen Weather Forecasting With Second Next-G..
12/12 LOCKHEED MARTIN : MILITARY $77.71 Million Federal Contract Awarded to Lockheed M..
12/12 LOCKHEED MARTIN : Vsif
12/12 LOCKHEED MARTIN : DART TRAIN Mode
More news
News from SeekingAlpha
12/12 Boeing Has Soared, But Where Should It Land?
12/12 Canada scraps Boeing deal, talks tough on upcoming contract for 88 jets
12/12 Boeing's Investors Get A Massive Payday -- And The Best Is Yet To Come
12/12 WALL STREET BREAKFAST : Investors Ready For FOMC Meeting
12/11 Trump to revive U.S. space program
Financials ($)
Sales 2017 50 654 M
EBIT 2017 5 797 M
Net income 2017 3 800 M
Debt 2017 11 470 M
Yield 2017 2,33%
P/E ratio 2017 24,39
P/E ratio 2018 23,51
EV / Sales 2017 2,01x
EV / Sales 2018 1,98x
Capitalization 90 576 M
Chart LOCKHEED MARTIN CORPORATIO
Duration : Period :
Lockheed Martin Corporatio Technical Analysis Chart | LMT | US5398301094 | 4-Traders
Technical analysis trends LOCKHEED MARTIN CORPORATIO
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 330 $
Spread / Average Target 4,5%
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 CORPORATION26.37%90 657
UNITED TECHNOLOGIES CORPORATION12.03%98 464
AIRBUS SE39.67%78 371
GENERAL DYNAMICS16.45%59 609
RAYTHEON32.44%54 082
NORTHROP GRUMMAN CORPORATION31.43%53 017