Lockheed Martin Awarded $503.72M Firm-Fixed-Price Order for MH-60R Aircraft

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This order provides for the production and delivery of 12 MH-60R aircraft for the Commonwealth of Australia. The MH-60R is a multi-mission helicopter that can be used for anti-submarine warfare, surface warfare, and search and rescue missions. Navy and international customers. This order from the Commonwealth of Australia is a significant win for Lockheed Martin($NYSE:LMT) and will help to solidify their position in the market.

Stock Price

The aircraft are for the U.S. Lockheed Martin stock opened at $429.4 on Tuesday and closed at $425.1.

VI Analysis

Lockheed Martin is a large American defense contractor that manufactures a wide range of military products, from fighter jets to missiles to satellites. VI’s app rates the company as a medium risk investment, due to some potential risks in its financial and business areas. However, the company’s overall fundamentals reflect its long-term potential. For example, Lockheed Martin has a strong balance sheet, with plenty of cash on hand and low debt levels. It also has a history of healthy profits and shareholder returns. So, while there are some risks to consider, Lockheed Martin looks like a solid long-term investment.

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Summary

The Lockheed Martin MH-60R Seahawk is a twin-engine, multi-mission helicopter that can be deployed for a variety of missions, including anti-submarine warfare, anti-surface warfare, search and rescue, and utility operations. The MH-60R has been selected by the U.S. Navy as its next-generation helicopter to replace the aging fleet of MH-60S Knighthawk helicopters. The MH-60R is a highly sophisticated platform that incorporates the latest in helicopter technology, including a glass cockpit, advanced sensors, and a weapons system that is capable of engaging both air and surface targets. The MH-60R is an important part of the U.S. Navy’s future fleet and will provide an invaluable capability for the service. Lockheed Martin is proud to be a part of this program and looks forward to delivering these aircraft to the Navy.