Lockheed Martin (LMT)

Re: Lockheed Martin (LMT)

Postby winston » Sun May 21, 2017 7:28 pm

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Lockheed Martin announces $28B collaboration with Saudi Arabia

By: SA Eli Hoffmann

Saudi Arabia has expressed its intent to procure more than $28B worth of Lockheed Martin (LMT) integrated air and missile defense, combat ship, tactical aircraft and rotary wing technologies and programs.

Source: Seeking Alpha

https://seekingalpha.com/news/3268907-l ... email_link
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Re: Lockheed Martin (LMT)

Postby winston » Mon May 22, 2017 8:42 am

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US-Saudi Arabia seal weapons deal worth nearly $110 billion immediately, $350 billion over 10 years

by Javier E. David

The agreement, which is worth $350 billion over 10 years and $110 billion that will take effect immediately


Source: CNBC.com

http://www.cnbc.com/2017/05/20/us-saudi ... visit.html
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Re: Lockheed Martin (LMT)

Postby winston » Tue May 23, 2017 2:56 pm

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The Biggest Deal In History

by Jonathan Weber

Summary
Lockheed Martin gets a deal with Saudi Arabia that is worth $28 billion.
This boosts LMT's backlog by 30%.
LMT has been able to turn small revenue growth into strong earnings growth.

The deal, which is equal to about 30% of Lockheed Martin's current backlog of close to $100 billion


When we look at Lockheed Martin's valuation, we see that the company's shares are trading at 20 times trailing free cash flows - trading at a free cash flow yield of 5% isn't especially cheap, but it isn't a very high valuation either, especially for a company with good growth prospects, a big backlog, a strong history and big shareholder returns


Source: Seeking Alpha

https://seekingalpha.com/article/407541 ... story#alt1
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Re: Lockheed Martin (LMT)

Postby winston » Tue May 23, 2017 5:44 pm

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Lockheed Secures $137M Deal to Offer F-35s at Lower Rate

With the U.S. government expecting to spend approximately $400 billion in the upcoming decades to develop and purchase 2,443 F-35 jets, and Lockheed trying its best to effectively reduce the price of this program


Source: Zacks

https://finance.yahoo.com/news/lockheed ... 11345.html
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Re: Lockheed Martin (LMT)

Postby winston » Thu May 25, 2017 9:33 pm

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Lockheed Martin

This is a top aerospace and defense stock to buy, and many on Wall Street are expecting a very solid continuation of U.S. and foreign defense spending.

Lockheed Martin Corp. (NYSE: LMT) researches, designs, develops, manufactures, integrates, operates and sustains advanced technology systems, products and services. It also provides a wide range of defense electronics products and IT services.

The company operates in five principal business segments: Aeronautics, Missiles and Fire Control, Mission Systems and Training, Space Systems, and Information Systems & Global Solutions.

Being the Pentagon’s prime contractor, Lockheed Martin offers a diverse portfolio of global aerospace, defense, security and advanced technologies. Its leveraged presence in the Army, Air Force, Navy and IT programs guarantees a steady inflow of follow-on orders, not only from the U.S. government but also from a large number of foreign allies of the nation.

The company recently secured a contract for providing flight-line spare parts. Valued at $750 million, this is a five-year base contract with a three-year and a two-year option period. Lockheed Martin will complete work under this agreement utilizing fiscal 2017 through 2022 defense working capital funds and expects to finish the project by March 31, 2022.

Lockheed Martin shareholders are paid a very solid 2.6% dividend. Merrill Lynch has set its price objective at $305, while the posted consensus target price is at $285.42. The stock closed trading most recently at $280.05 a share.

Source: 24 7 Wall St
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Re: Lockheed Martin (LMT)

Postby winston » Sat May 27, 2017 6:45 am

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Why Is Lockheed Martin (LMT) Up 3.6% Since the Last Earnings Report?

During the quarter, the company repurchased 1.9 million shares for $500 million compared with the buyback of 2.4 million shares for $501 million a year ago.

The company paid dividends worth $544 million to its shareholders, compared to the year ago period’s level of $533 million.


The company expects to generate revenues in the range of $49.5–$50.7 billion, higher than the earlier provided projection of $49.4–$50.6 billion.

On the bottom-line front, the company now expects its earnings per share to be in the range of $12.15–$12.45 during 2017, lower than the earlier announced guidance of $12.25–$12.55.


Source: Zacks Equity Research

https://finance.yahoo.com/news/why-lock ... 09115.html
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Re: Lockheed Martin (LMT)

Postby winston » Wed Jun 14, 2017 1:30 pm

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One-quarter of F-35 fighter jets grounded over oxygen issues

The F-35 business accounts for about 37 percent of Lockheed's total revenue.


Source: Reuters

http://www.reuters.com/article/us-lockh ... egment%20B
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Re: Lockheed Martin (LMT)

Postby winston » Mon Jun 19, 2017 9:18 am

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Lockheed Martin Reportedly in Final Negotiation Stage for F-35 Fighter Jets Disposal with 11 Countries

Lockheed Martin, a producer of U.S military equipment, is in the final stages of negotiating for the disposal of F-35 fighter jets with eleven countries, which involved 440 fighter jets with total value of more than US$37 billion, Reuters quoted from sources, as saying.

Reportedly, the final selling price was not yet determined and the average price for one fighter jet should reach US$85 million.

Source: Reuters
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Re: Lockheed Martin (LMT)

Postby winston » Tue Jul 18, 2017 9:31 pm

Lockheed Martin beats profit estimates, raises FY forecasts

Lockheed raised its 2017 profit forecast for the second time and said it now expects to earn $12.30 to $12.60 per share.

The company in April forecast $12.15 to $12.45 per share.

The company raised it 2017 sales forecast to $49.80 billion to $51.00 billion, from $49.50 billion to $50.70 billion.


Source: Reuters

http://www.reuters.com/article/us-lockh ... ess%200900
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Re: Lockheed Martin (LMT)

Postby winston » Sat Aug 26, 2017 7:47 pm

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Defense Stocks Set to Soar: Lockheed Martin (LMT)

by Praveer Sharma

Lockheed Martin Corporation (NYSE:LMT) hit a new all-time high on its second-quarter results posted on July 18.

EPS from continuing operations was $3.23, besting estimates of $3.11.

Revenue climbed to $12.69 billion, also beating estimates of $12.43 billion as beats by the aeronautics, rotary and mission systems and space systems offset a miss in the missiles and fire control business.

For 2017, management raised their earnings outlook from $12.15-$12.45 a share to $12.30-$12.60 a share, and revenue guidance from $49.5-$50.7 billion to $49.8-$51 billion.

Again, the technicals line up nicely with the fundamentals, with LMT stock trading significantly above its 50- and 200-day moving averages.

Source: Investor Place
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