LOCKHEED MARTIN Secures Contracts Totaling Nearly $1.2 Billion from U.S. Air Force
May 20, 2023
Trending News ☀️
Lockheed Martin ($NYSE:LMT) is a worldwide leader in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The company provides advanced aircrafts, ships, weapons, sensors, space vehicles, missiles, radars, unmanned systems and other related technologies and services to government and commercial customers around the world. Lockheed Martin is headquartered in Bethesda, Maryland and trades on the New York Stock Exchange under the ticker symbol LMT.
Share Price
In response to the news, LOCKHEED MARTIN stock opened at $457.0 and closed at $454.5. This amounted to a 0.3% dip from the previous closing price of $455.8. The company’s stock is expected to remain steady in the near future as the U.S. Air Force contracts provide stability for shareholders. 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
When it comes to analyzing the fundamentals of LOCKHEED MARTIN, GoodWhale is the perfect platform. Our Risk Rating system provides an accurate assessment of the company’s financial and business aspects, and we rate LOCKHEED MARTIN as a low risk investment. We have also identified two key risk warnings in the income sheet and balance sheet. To find out more, simply register on goodwhale.com and get an in-depth look at the data. 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
This is a major win for the aerospace and defense company, which is one of the top performers in the Dow Jones Industrial Average this year. For investors, this reinforces the strong fundamentals of the company, which has consistently generated significant profits in its core operations. Additionally, Lockheed Martin has a strong balance sheet and a track record of dividend increases and share buybacks. With strong government contracts, diverse revenue sources, and a large backlog of orders, Lockheed Martin is well positioned to take advantage of any economic recovery.
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