Naval Air Systems Awards Lockheed Martin $382.12M Contract for Lot 17 F-35 Lightning II Spares
December 25, 2022
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Lockheed Martin ($NYSE:LMT) is one of the world’s largest defense contractors, producing a broad range of products for the United States military and other international customers. The company has a presence in many industries, from aerospace and defense to technology services. Recently, the Naval Air Systems Command announced that it has awarded Lockheed Martin a contract modification for $382.12M to purchase initial spares for Lot 17 F-35 Lightning II deliveries. The F-35 Lightning II is an advanced, fifth-generation fighter jet designed for the U.S. Air Force, Navy and Marine Corps. It is capable of performing multiple missions, including air-to-air combat, reconnaissance and ground attack. The Lot 17 spares will be used to maintain and repair the F-35 aircraft, ensuring that they remain operational and ready for deployment. This contract marks a significant milestone for the F-35 program, as it will help ensure that the aircraft remain mission capable in the future. The spares will be used to address any issues that may arise with the F-35 during its service life.
Additionally, the contract will help to sustain hundreds of jobs across the country. Work on the contract is scheduled to be completed by December 2028. This contract is a major win for Lockheed Martin, as it demonstrates the company’s ongoing commitment to providing the highest quality products and services to its customers. With this contract, Lockheed Martin will continue to provide the U.S. military with the best in class aircraft and maintenance services.
Stock Price
On Tuesday, news of a major contract award sent positive sentiment throughout the markets. This is a major win for the defense giant, demonstrating their continued dominance in the military aviation sector. The award will help Lockheed Martin continue to provide the US Navy with the highest quality spares, ensuring that the F-35 remains a top-tier aircraft. This is not the first time that Lockheed Martin has been awarded a contract for F-35 Lightning II Spares, but it is certainly one of the largest to date. The news of the award was met with enthusiasm in the markets, pushing Lockheed Martin’s stock up by 0.9% from its last closing price of 481.8 to a high of 486.2 on Tuesday.
This indicates that investors are confident in Lockheed Martin’s ability to continue providing reliable and effective spares for the F-35 Lightning II. This award is yet another testament to Lockheed Martin’s continued commitment to excellence, and their ability to deliver superior products and services to the US Navy. As they continue to grow and expand their capabilities, they will undoubtedly remain a leader in the aviation industry. 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 |
| 64.72k | 5.87k | 9.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lockheed Martin. More…
| Operations | Investing | Financing |
| 10.14k | -1.52k | -8.92k |
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 |
| 52.03k | 40.06k | 43.11 |
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 |
| 3.5% | 0.7% | 11.7% |
| FCF Margin | ROE | ROA |
| 13.2% | 40.3% | 9.1% |
VI Analysis
Lockheed Martin is a company with strong fundamentals that reflect its long term potential. According to the VI Star Chart, it is classified as a ‘cow’, as it has a track record of paying out consistent and sustainable dividends. This type of company may be attractive to investors who are seeking steady dividend income over time. The company has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. Lockheed Martin is particularly strong in dividend and profitability, but its weak asset and growth scores may indicate that it is not the best choice for investors who are looking for short-term gains or massive growth. Overall, the company’s fundamentals reflect its ability to provide steady and reliable returns to its investors, making it a desirable option for those who are looking for sustainable income over time. With its strong cashflows and debt management, Lockheed Martin is likely to remain a viable investment option for the foreseeable future. More…
VI 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
Investing in Lockheed Martin can be a sound long-term decision for many investors. The company is a global leader in aerospace, defense, security and advanced technologies. It is one of the biggest US defense contractors and has a long history of providing innovative solutions to the US government, military, and commercial customers. Lockheed Martin is a staple of the U.S. defense sector, with a wide range of products and services that have become crucial to national security.
Additionally, the company has diversified its portfolio over the years by investing in space exploration, artificial intelligence and cybersecurity. Furthermore, the company’s strong balance sheet and cash flows provide a solid foundation for future growth. Additionally, Lockheed Martin has a strong competitive position in the aerospace and defense markets, with substantial contracts for both military and commercial customers. This provides the company with a competitive advantage over its rivals and helps ensure its continued success in an increasingly competitive industry. For investors looking for a stable, long-term investment option, Lockheed Martin is an excellent choice. The company is well-positioned to benefit from increased spending on defense and other related activities, which should help drive its revenues and profits going forward. Furthermore, the company’s diversification strategy should help it mitigate any risks associated with investing in the aerospace and defense sector.
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