LOCKHEED MARTIN Awarded $180 Million Contract for More THAAD Interceptors
May 5, 2023
Trending News ☀️
Lockheed Martin ($NYSE:LMT) Corp. Missiles and Fire Control has been awarded a hefty $180,361,391 contract extension by the U.S. Department of Defense for the manufacture of Terminal High Altitude Area Defense (THAAD) interceptors. Lockheed Martin is a publicly traded American aerospace and defense technology company that specializes in innovative solutions for both commercial and government customers. The company is well renowned for its expertise in the areas of aircraft, missiles, space systems, defense electronics, and other services. The THAAD interceptor is a advanced missile defense system designed to protect against short and medium range ballistic missiles.
It is capable of intercepting missiles both inside and outside the Earth’s atmosphere. Lockheed Martin’s contract extension will involve the manufacture of more THAAD interceptors and related support services. This award will help ensure that the U.S. continues to have access to the most advanced defense technologies available today.
Share Price
On Monday, LOCKHEED MARTIN announced it had been awarded a $180 million contract to provide additional Terminal High Altitude Area Defense (THAAD) interceptors. With this news, LOCKHEED MARTIN stock opened at $465.0 and closed at $469.4, up by 1.1% from previous closing price of 464.4. This contract encourages investors in the company and validates its commitment to creating the most advanced defense technologies for the US military. It signals that the government is confident in the capabilities of LOCKHEED MARTIN and its ability to provide reliable defense products. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lockheed Martin. More…
| Total Revenues | Net Income | Net Margin |
| 66.15k | 5.69k | 8.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lockheed Martin. More…
| Operations | Investing | Financing |
| 7.96k | -1.8k | -5.6k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lockheed Martin. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 54.62k | 44.98k | 37.9 |
Key Ratios Snapshot
Some of the financial key ratios for Lockheed Martin are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.7% | 0.9% | 11.0% |
| FCF Margin | ROE | ROA |
| 9.5% | 48.3% | 8.4% |
Analysis
GoodWhale recently conducted an analysis of LOCKHEED MARTIN‘s wellbeing and found that the company has a high health score of 8/10 with regard to its cashflows and debt, indicating it is capable to pay off debt and fund future operations. Using the Star Chart and based on our own criteria, LOCKHEED MARTIN is classified as a ‘cow’, a type of company we conclude that has the track record of paying out consistent and sustainable dividends. Given this, investors that may be interested in such a company include dividend investors, who seek out companies with a consistent dividend rate, as well as those looking for stability, whose investments are unlikely to quickly lose value. Those looking for growth may not find LOCKHEED MARTIN attractive, as the company is strong in dividend, profitability, but weak in asset and growth. More…
Peers
The U.S. Department of Defense (DoD) spends billions of dollars on weapons systems each year. Major weapons systems contractors compete for these funds. The competition among these companies is fierce. The companies must not only offer the best products, but they must also be able to demonstrate to the DoD that their products are superior to those of their competitors.
Lockheed Martin Corp is one of the largest weapons systems contractors in the United States. The company’s main competitors are Northrop Grumman Corp, Ballistic Recovery Systems Inc, and LIG Nex1 Co Ltd.
– Northrop Grumman Corp ($NYSE:NOC)
Northrop Grumman Corp is an American aerospace and defense technology company with a market cap of 78.41B as of 2022. The company has a Return on Equity of 34.54%. Northrop Grumman Corp is a leading provider of aircraft, logistics, and technology solutions for the U.S. military, government, and commercial customers. The company’s products and services include aircraft, space systems, missiles, electronics, and technical services.
– Ballistic Recovery Systems Inc ($OTCPK:BRSI)
Ballistic Recovery Systems Inc is a world leader in the design, manufacture, and deployment of parachutes and other soft goods for the aerospace industry. The company has a market cap of 4.19M as of 2022 and a ROE of -159.06%. Ballistic Recovery Systems Inc is a publicly traded company on the Nasdaq Stock Market under the ticker symbol BRS.
– LIG Nex1 Co Ltd ($KOSE:079550)
LIG Nex1 Co Ltd is a South Korean defense company specializing in electronics and weaponry. It was founded in 1999 and is headquartered in Seoul. The company has a market cap of 1.87T as of 2022 and a Return on Equity of 14.92%. LIG Nex1 Co Ltd develops, manufactures, and supplies electronics and weapons products for the military, law enforcement, and commercial markets worldwide. The company’s products include radar systems, sonar systems, electronic warfare systems, communication systems, navigation systems, and missile systems.
Summary
Lockheed Martin is a major investor in the defense industry, recently receiving a $180 million contract for additional Terminal High Altitude Area Defense (THAAD) interceptors. In terms of profitability, Lockheed Martin’s free cash flow per share has increased year-over-year, in part due to the success of its new products and services.
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