LOCKHEED MARTIN Secures $122.21M Contract Modification from US Space Force
June 7, 2023
☀️Trending News
Lockheed Martin ($NYSE:LMT), a leading global security and aerospace company, has recently secured a contract modification worth $122.21M from the US Space Force. The US Space Force is the newest branch of the US Armed Forces and is tasked with protecting and preserving America’s interests in space. The contract modification awarded to Lockheed Martin provides for an extension of developmental services in support of the Space Based Infrared System (SBIRS) program. This system will provide the US with improved missile launch detection capabilities.
Lockheed Martin’s contract includes services such as system engineering, software engineering, production engineering, flight test operations, and research and development. This contract is a strong indication of the US’ commitment to space-based defense capabilities and the trust that has been placed in Lockheed Martin as a provider of such services. Lockheed Martin’s stock price has seen a marked increase in recent weeks due to the news of this contract.
Market Price
On Monday, the U.S. Space Force announced the awarding of a $122.21 million contract modification to LOCKHEED MARTIN for satellite communication services. Following the announcement, LOCKHEED MARTIN’s stock opened at $456.1 and closed at $454.7. This contract comes at an opportune time for the company as it has seen a decrease in its earnings so far this year. The $122.21M contract modification will help to support the company during these challenging times. 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
Analyzing the financials of LOCKHEED MARTIN, it can be seen that it is classified as a ‘cow’ company. This type of company is known for having a track record of paying out consistent and sustainable dividends. Investors who are looking for passive income, or who are interested in a reliable return on their investments, may be particularly interested in LOCKHEED MARTIN. LOCKHEED MARTIN has a high health score of 8/10 with regard to its cashflows and debt. This indicates that it is capable of paying off debt and funding future operations. The company also has a strong dividend yield, and its profitability is also strong. However, its asset growth is quite weak. These results suggest that investors who are seeking a safe and consistent return on their investments may find LOCKHEED MARTIN to be an attractive option. 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 leading American aerospace and defense company, has recently been awarded a $122.21M contract modification by the Space Force. This is the latest major contract for the company, and it looks to be a good financial investment for shareholders. Lockheed Martin has a strong financial outlook for the future, due to its strong global presence and diversified portfolio of products and services.
The company also has a history of success in developing technologies and innovations that set the industry standard. Investors in the company can benefit from the potential for long-term growth and stability, as well as from the company’s proven ability to identify lucrative opportunities.
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