Market Update: Lockheed Martin Corporation (NYSE:LMT) – U.S. Navy to Test and Evaluate Lockheed Martin Industrial Exoskeletons

Lockheed Martin Corporation (NYSE:LMT) [PR Newswire] – ORLANDO, Fla., Aug. 18, 2014 /PRNewswire/ — Lockheed Martin (LMT) has received a contract through the National Center for Manufacturing Sciences (NCMS) for the U.S. Navy to evaluate and test two FORTIS exoskeletons. This marks the first procurement of Lockheed Martin’s exoskeletons for industrial use. The FORTIS exoskeleton is an unpowered, lightweight exoskeleton that increases an operator’s strength and endurance by transferring the weight of heavy loads from the user’s body directly to the ground. “Ship maintenance often requires use of heavy tools, such as grinders, riveters or sandblasters,” said Adam Miller, director of new initiatives at Lockheed Martin Missiles and Fire Control.
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Lockheed Martin Corporation (LMT), valued at $53.94B, started trading this morning at $170.20.
 
Looking at the stock, its one day range is $170.04 to $171.32 with its 52-week range being $121.25 to $171.36.
 
Priced at 15.04x this year’s forecasted earnings, LMT shares are relatively expensive compared to the industry’s 8.12x forward p/e ratio.
 
And for dividend hunters, the company pays shareholders $5.32 per share annually in dividends, yielding 3.20%.
 
According to a consensus of 20 analysts, the earnings estimate of $2.78 per share would be $0.21 better than the year-ago quarter and a $0.09 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $11.25, which would be a $1.67 improvement when compared to the last year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.30 Billion. If reported, that would be a 0.44% 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.
 
The average price target for LMT shares by the analysts covering it is $178.88, which is 5.10% above where the stock opened.
 
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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