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

LOCKHEED MARTIN CORPORATION (LMT)
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Lockheed Martin : Sikorsky S-92 Helicopters Certified to Operate in Mexico

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11/15/2017 | 09:21am CEST

STRATFORD, Conn.- Mexico's Directorate General of Civil Aeronautics (DGAC) approved the Offshore and Utility Type Certificate for the Sikorsky S-92 helicopter. The certificate enables the operation of S-92 helicopters in Mexico, in all production configurations including offshore oil and gas transportation, search and rescue, as well as regional airline passenger service and VIP transportation.

DGAC signed the certificate Nov. 6, capping an intensive three-year effort to introduce the S-92 helicopter manufactured by Sikorsky, a Lockheed Martin Company (NYSE: LMT), to Mexico.

'Sikorsky has been excited to watch the evolution of the offshore oil and gas industry in Mexico,' said Sikorsky Vice President, Oil & Gas, David Martin. 'As the industry expands into new territory, safe and reliable offshore transportation will ensure they remain on schedule and on budget. With this new certification of the S-92 aircraft, operators and oil and gas companies can select a true heavy helicopter that has the proven reliability and safety to support their success.'

'This moves us another step forward in our overall Latin America strategy,' said Sikorsky Vice President, Latin America, Adam Schierholz. 'The region has long had faith in Sikorsky products, specifically the Black Hawk. It's a natural progression, as oil markets expand in Mexico and Colombia, that the S-92 would start to play a prominent role in that sector.'

The S-92 was certified in Colombia in November 2016.

Sikorsky has delivered nearly 300 S-92 helicopters since 2004. With a best-in-class safety record and industry-leading dispatch availability, the multi-mission S-92 aircraft is the preferred aircraft of its size class for offshore oil worker transportation. These helicopters also perform search and rescue missions, head of state missions, and a variety of transportation missions for utility and airline passengers.

For more information visit Sikorsky Commercial Systems & Services

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.

SOURCE Lockheed Martin

(C) 2017 Electronic News Publishing, source ENP Newswire

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Financials ($)
Sales 2018 51 113 M
EBIT 2018 6 654 M
Net income 2018 4 377 M
Debt 2018 12 588 M
Yield 2018 2,31%
P/E ratio 2018 23,36
P/E ratio 2019 20,21
EV / Sales 2018 2,21x
EV / Sales 2019 2,09x
Capitalization 101 B
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 379 $
Spread / Average Target 7,6%
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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
Nolan Don Archibald Lead Independent Director
Joseph W. Ralston Independent Director
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