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4-Traders Homepage  >  Equities  >  Nyse  >  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

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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Financials ($)
Sales 2017 50 562 M
EBIT 2017 5 737 M
Net income 2017 3 698 M
Debt 2017 11 679 M
Yield 2017 2,48%
P/E ratio 2017 23,25
P/E ratio 2018 20,79
EV / Sales 2017 1,94x
EV / Sales 2018 1,88x
Capitalization 86 167 M
Chart LOCKHEED MARTIN CORPORATIO
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Lockheed Martin Corporatio Technical Analysis Chart | LMT | US5398301094 | 4-Traders
Technical analysis trends LOCKHEED MARTIN CORPORATIO
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 309 $
Spread / Average Target 3,4%
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
Anne L. Stevens Independent Director
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