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

LOCKHEED MARTIN CORPORATION (LMT)
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Lockheed Martin : wins $8 billion U.S. special forces contract

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08/12/2017 | 12:38am CEST
Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo

WASHINGTON (Reuters) - Lockheed Martin Corp has won an $8 billion U.S. defense contract for global logistics support services for special operations forces, the Pentagon said on Friday.

The U.S. military often relies on outside contractors to perform support services including logistics at warehouses and depots as well as maintenance, modifications and repairs on equipment like airplanes and vehicles.

The contract will support the Army's Green Berets, Rangers as well as Navy SEALs, the U.S. Department of Defense said in a statement.

The 10-year award will extend Lockheed Martin's current support contract which was set to expire in September 2018.

The Pentagon said multiple companies competed for the contract.

(Reporting by Mike Stone and Eric Beech; Editing by Tim Ahmann and Richard Chang)

By Mike Stone and Eric Beech

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05/23GENERAL DYNAMICS : Adequate Growth Potential 
Financials ($)
Sales 2018 51 346 M
EBIT 2018 6 783 M
Net income 2018 4 510 M
Debt 2018 12 796 M
Yield 2018 2,51%
P/E ratio 2018 21,12
P/E ratio 2019 18,47
EV / Sales 2018 2,06x
EV / Sales 2019 1,94x
Capitalization 93 183 M
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Lockheed Martin Corporatio Technical Analysis Chart | LMT | US5398301094 | 4-Traders
Technical analysis trends LOCKHEED MARTIN CORPORATIO
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 374 $
Spread / Average Target 15%
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
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