Lockheed Martin Intrinsic Stock Value – LOCKHEED MARTIN Subsidiary Secures $157.15M Contract Modification from Missile Defense Agency
December 19, 2023
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Lockheed Martin ($NYSE:LMT) is a global security and aerospace company primarily engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services. It is one of the largest defense contractors in the world and has operations in multiple countries. Recently, the company’s subsidiary has been awarded a contract modification worth $157.15M from the Missile Defense Agency. The new contract will allow the Missile Defense Agency to modify the original design and include additional features. The modification will also cover necessary training and support services.
Lockheed Martin is expected to provide engineering services as well as development and integration of the new system. The new contract is an important milestone for Lockheed Martin’s subsidiary, as it will provide the company with additional opportunities to demonstrate its leadership in missile defense technology. The additional resources will be used to develop and integrate new capabilities for the missile interceptor system that will help improve its performance in future engagements. Lockheed Martin is committed to delivering advanced technology solutions that keep our nation safe and secure.
Market Price
On Monday, Lockheed Martin‘s stock opened at $442.7 and closed at $446.9, up by 1.2% from the previous closing price of 441.8. This strong showing was likely due to the announcement that one of the company’s subsidiary had secured a hefty contract modification from the Missile Defense Agency. The contract modification, worth $157.15M, is for the development and production of several types of missiles for the agency’s missile defense programs. All work is expected to be completed by August 2023. 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 |
| 67.69k | 6.97k | 10.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lockheed Martin. More…
| Operations | Investing | Financing |
| 7.48k | -1.8k | -4.56k |
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 |
| 56.67k | 47.39k | 37.55 |
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 |
| 1.8% | -0.2% | 13.3% |
| FCF Margin | ROE | ROA |
| 8.6% | 60.8% | 9.9% |
Analysis – Lockheed Martin Intrinsic Stock Value
At GoodWhale, we have analyzed the financials of LOCKHEED MARTIN. Our proprietary Valuation Line has determined the intrinsic value of LOCKHEED MARTIN shares to be $451.0. Based on our financial analysis, we believe that LOCKHEED MARTIN is currently undervalued. More…
Peers
The U.S. Department of Defense (DoD) spends billions of dollars on weapons systems each year. Major weapons systems contractors compete for these funds. The competition among these companies is fierce. The companies must not only offer the best products, but they must also be able to demonstrate to the DoD that their products are superior to those of their competitors.
Lockheed Martin Corp is one of the largest weapons systems contractors in the United States. The company’s main competitors are Northrop Grumman Corp, Ballistic Recovery Systems Inc, and LIG Nex1 Co Ltd.
– Northrop Grumman Corp ($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, a major global aerospace, defense, security, and advanced technology company, recently reported good news for investors. The company’s subsidiary has secured a $157.15 million contract modification from the Missile Defense Agency. This award builds on an existing contract and will be used to continue supporting the Ground-based Midcourse Defense program. The program is designed to protect the United States from long-range ballistic missile attacks.
This contract modification is yet another example of Lockheed Martin’s leadership in the defense industry and is likely to boost investor confidence. With its strong balance sheet, long-term contracts, and solid fundamentals, Lockheed Martin appears to be a good bet for investors in the aerospace & defense industry.
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