Lockheed Martin Corporation (NYSE:LMT) – U.S. approves F-35 flights to UK for two air shows in July -sources

Lockheed Martin Corporation (NYSE:LMT) [Reuters] – The U.S. Defense Department has approved the first trans-Atlantic flight of Lockheed Martin Corp’s F-35 fighter jet in July to take part in two international air shows near London, senior defense officials …
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Lockheed Martin Corporation (LMT), valued at $50.08B, began trading this morning at $158.44.
Looking at the equity, the company’s one day range is $156.91 to $158.90 and has traded between $94.54 and $168.41 over the past 12 months.
Priced at 14.83x this year’s forecasted earnings, LMT shares are relatively inexpensive compared to the industry’s 19.58x forward p/e ratio.
The company pays shareholders $5.32 per share in dividend income per year, for a current yield of 3.50%.
Consensus earnings for the current quarter by the 20 sell-side analysts covering the stock is an estimate of $2.53 per share, which would be $0.20 better than the year-ago quarter and a $0.02 sequential increase. Investors should also note that the full-year EPS estimate of $10.61 is a $1.03 better when compared to the previous year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.90 Billion. If reported, that would be a 1.54% decrease over the year-ago quarter.
Recently, RBC Capital Mkts upgraded LMT from Underperform to Outperform (Mar 6, 2012). Previously, Standpoint Research downgraded LMT from Buy to Hold.
Given all the information above, we should disclose to readers that the average price target is $167.44, which is 5.68% above than it opened this morning.
Summary (NYSE:LMT) :  Lockheed Martin Corporation, a security and aerospace company, is engaged in the research, design, development, manufacture, integration, and sustainment of advanced technology systems, products, and services for defense, civil, and commercial applications in United States and internationally. It also provides management, engineering, technical, scientific, logistic, and information services. The company operates in five segments: Aeronautics, Information Systems & Global Solutions, Missiles and Fire Control, Mission Systems and Training, and Space Systems. The Aeronautics segment offers military aircrafts, such as combat and air mobility aircrafts, unmanned air vehicles, and related technologies. The Information Systems & Global Solutions segment provides advanced technology systems and expertise, integrated information technology solutions, and management services for civil, defense, intelligence, and other government customers. The Missiles and Fire Control segment offers air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics and other technical services; fire control systems; mission operations support, readiness, engineering support, and integration services; and manned and unmanned ground vehicles. The Mission Systems and Training segment provides ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; littoral combat ships; simulation and training services; and unmanned systems and technologies. The company was founded in 1909 and is headquartered in Bethesda, Maryland.
Tag Helper ~ Stock Code: LMT | Common Company name: Lockheed Martin | Full Company name: Lockheed Martin Corporation (NYSE:LMT) .

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