Lockheed Martin and ERAPSCO Compete for Orders with $222.46M Upper Limit
December 29, 2022
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Lockheed Martin Stock Intrinsic Value – Lockheed Martin ($NYSE:LMT) is a world-leading defence, aerospace, and technology company. It is one of the largest defence contractors in the world and is a major supplier of a variety of military platforms and systems. The company also produces commercial aircraft and provides a wide range of services, including information technology and technical support. Recently, the U.S. Department of Defense announced that Lockheed Martin and ERAPSCO have been selected to provide the Navy with sonobuoys and related products through a contract with an upper limit of $222.46 million. This framework agreement will allow Lockheed Martin and ERAPSCO to compete for individual orders within the framework. This will enable the Navy to quickly acquire sonobuoys and other related products while maximizing competition.
The contract was awarded via a full and open competition, with the total value of all orders not to exceed the upper limit of $222.46 million. The contract is valid for a period of five years with an option to extend for up to two additional one-year periods. This agreement will provide the Navy with a reliable and cost-effective source of sonobuoys and related products to meet its operational needs. With this new contract, they are committed to providing the Navy with the highest quality sonobuoys and related products at an affordable price. The companies are confident that their combined experience and expertise will enable them to meet the Navy’s needs in a timely manner. The Navy will benefit from having access to a reliable source of sonobuoys and related products while Lockheed Martin and ERAPSCO can compete for individual orders within the framework agreement with the upper limit of $222.46 million.
Price History
Tuesday was a good day for Lockheed Martin as its stock opened at $485.0 and closed at $485.5, up by 0.5% from prior closing price of 483.3. This gain came in light of news that the company had teamed up with ERAPSCO to compete for orders with an upper limit of $222.46 million. The joint venture between Lockheed Martin and ERAPSCO is an effort to win contracts for the manufacturing of sonobuoys, which are used for underwater research and surveillance. The team has been awarded contracts from the U.S. Navy and Department of Defense in the past and is now looking to secure more orders with a total upper limit of $222.46 million.
The contracts that Lockheed Martin and ERAPSCO are competing for are typically awarded over a three year period and involve the manufacture of a variety of sonobuoys. The team then sells these devices to the military, providing them with the necessary tools to detect potential threats in the water. With the help of its partner ERAPSCO, it can be expected that the team will be able to secure more orders from the Department of Defense in the near future. 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 Stock Intrinsic Value
VI app simplifies this analysis by providing an intrinsic value of $429.8 per share. This value is calculated using VI Line, a tool that takes into account various factors such as the company’s balance sheet, income statement and other financials. Currently, the stock price is trading at $485.5, which is 13% higher than the intrinsic value. This indicates that the stock is currently overvalued in the market. Investors should be wary of buying stocks at high prices and must carefully evaluate the company’s fundamentals before investing. It is important to remember that the intrinsic value of a company’s stock is not set in stone and can change depending on several factors such as macro-economic conditions, industry trends and events. Investors should keep a close watch on these factors to make sure their investments are profitable in the long run. More…
VI Peers
The U.S. Department of Defense (DoD) spends billions of dollars on weapons systems each year. Major weapons systems contractors compete for these funds. The competition among these companies is fierce. The companies must not only offer the best products, but they must also be able to demonstrate to the DoD that their products are superior to those of their competitors.
Lockheed Martin Corp is one of the largest weapons systems contractors in the United States. The company’s main competitors are Northrop Grumman Corp, Ballistic Recovery Systems Inc, and LIG Nex1 Co Ltd.
– Northrop Grumman Corp ($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
Lockheed Martin is a large American aerospace and defense corporation that has recently been competing for orders with a combined upper limit of $222.46 million. Its stock is widely traded on the New York Stock Exchange and is considered to be a reliable and consistent investment. Analysts have noted its strong earnings, large cash reserves, and impressive dividend payout ratios.
There is also potential for growth as the company continues to invest in new and innovative technologies. Lockheed Martin is an attractive option for investors looking for a safe and reliable stock with the potential for long-term growth.
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