LOCKHEED MARTIN Secures $2.145 Billion Navy Contract for 2023.

Trending News ☀️

Recently, Lockheed Martin ($NYSE:LMT) secured a $2.145 billion U.S. Navy contract for the year 2023. This is a major contract for the company and will involve Lockheed Martin providing services to the Navy for two years. The contract requires the company to provide research, development, engineering and technical services. This award is expected to strengthen the company’s foothold in the defense industry and is sure to generate significant amounts of revenue. With this contract, Lockheed Martin will also be responsible for sustaining and maintaining the Navy’s current systems as well as developing ground-based defensive measures on various platforms.

The purpose of the contract is to ensure the Navy has the resources and capabilities needed to protect its assets in today’s security environment. Through this contract, both parties are expecting to build an even stronger partnership. For more information on the Navy contract awarded to Lockheed Martin, see https://seekingalpha.com/news/3944265-lockheed-martin-bags-2145m-navy-contract?utm_source=vi.app&utm_medium=referral$bubbleId:40630.

Market Price

The contract will cover a variety of projects and services, ranging from ship maintenance and support for naval vessels to the development of new aircraft. So far, media sentiment regarding this news has been mostly positive, with many expressing optimism regarding the future of the company and its projects. The announcement caused an upward trend in LOCKHEED MARTIN‘s stock prices.

On Monday, the stock opened at $476.8 and closed at a slightly higher price of $480.2, up 0.5% from its last closing price of $477.9. This positive reaction on the stock market reaffirms the investor confidence in LOCKHEED MARTIN, a sign that the company is set to have a successful year despite the challenging economic climate. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Lockheed Martin. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Lockheed Martin. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Lockheed Martin. More…

Key Ratios Snapshot

Some of the financial key ratios for Lockheed Martin are shown below. More…

Analysis

GoodWhale has taken a close look at the financials of Lockheed Martin and here’s what we found. Our Risk Rating indicates that Lockheed Martin is a low-risk investment with regards to both financial and business aspects. We have discovered two risk warnings on their income sheet and balance sheet, and we invite you to register with us to see the full details. We have reviewed the company’s liquidity, profitability, and debt levels and we are confident that it is well-positioned for growth. With its solid track record, its low-risk profile, and its financials in good order, Lockheed Martin is an ideal investment opportunity that should be considered by any investor. 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 global security and aerospace company, has been awarded a $2.145 billion contract from the U.S. Navy for 2023. This contract is a major win for Lockheed and is being met with mostly positive media sentiment. From an investing standpoint, analysts are recommending that investors take note of this news as it could be a sign of success for the company in the future.

The critical aspect to consider is whether the financial performance of Lockheed Martin will make their stock a good long-term investment. With their successful Navy contract and strong financial outlook, investors may see a significant return on their investments in the coming years.