Lockheed Martin Secures $240M Air Force Contract
June 3, 2023
☀️Trending News
Lockheed Martin ($NYSE:LMT), a global security and aerospace company, has recently been awarded a $240 million contract by the U.S. Air Force. This contract is a continuation of its contract for the Integrated Air and Missile Defense Battle Command System (IBCS), which is used to detect and track enemy threats. The company also provides services such as aircraft maintenance, engineering, information technology, and research and development.
In addition to this Air Force contract, Lockheed Martin also holds contracts with multiple other branches of the U.S. military and other countries around the world. Lockheed Martin’s stock (LMT) has traded at an all-time high recently and continues to be seen as a reliable provider of innovative defense solutions.
Price History
On Friday, the stock of LOCKHEED MARTIN opened at $452.1 and closed at $454.5, up by 1.1% from last closing price of 449.7. This increase in stock price came after the news that the company had secured a $240M contract from the US Air Force. This contract is a major win for Lockheed Martin and it will help the company remain a leader in aerospace and defense industry. This also reaffirms the trust of the US military in the company’s 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
At GoodWhale, we recently conducted an analysis of LOCKHEED MARTIN to determine its risk rating. We are pleased to report that our assessment has concluded that LOCKHEED MARTIN is a low risk investment in terms of financial and business aspects. However, while assessing the company’s income sheet and balance sheet, we detected two risk warnings. To access this information, we invite you to register with us. Once registered, you can take advantage of the insights we have gathered and gain a better understanding of the company’s overall wellbeing. 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 aerospace and defense technology company, recently secured a contract worth $240 million from the U.S. Air Force. This contract is focused on developing new technology for fighter jets and is expected to be beneficial for the company’s long-term growth. Investing in Lockheed Martin can be an attractive option for investors, as the company boasts a strong portfolio of defense contracts, a robust financial standing, and a diversified customer base.
Additionally, the company has a strong track record of returning value to shareholders through dividends and stock buybacks. As such, investors may find Lockheed Martin to be a compelling and lucrative investing option.
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