Lockheed Martin secures Missile Defense Agency contract

  • Lockheed Martin (NYSE:LMT) has been awarded a sole-source, cost-plus-incentive-fee, cost-plus-fixed-fee, firm-fixed-price definite contract under a Foreign Military Sales case to the United Arab Emirates
  • The total value of the contract is pegged at ~$254.71M
  • Under this follow-on contract, Lockheed Martin will provide maintenance and sustainment for two Terminal High Altitude Area Defense batteries for UAE
  • The Performance period is from Jan. 15, 2021, through Jan. 14, 2026

    Fundamentals Lockheed Martin

    Over the current book year the company from Bethesda's total revenue could be around 65.27 billion USD (consensus estimates). This is slightly more than 2019's revenue of 59.81 billion USD.

    Historical revenues and results Lockheed Martin plus estimates 2020

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    The analysts expect for 2020 a net profit of 6.88 billion USD. For this year the consensus of the result per share is a profit of 24.5 USD. Based on this the price/earnings-ratio is 14.17.

    For this year the analysts expect a dividend of 9.87 USD per share. Lockheed Martin 's dividend yield thus equals 2.84 percent. The average dividend yield of the aerospace & defense companies is a limited 0.2 percent.

    Based on the current number of shares Lockheed Martin 's market capitalization equals 97.58 billion USD. The Lockheed Martin stock was the past 12 months quite unstable. Since last January the stock is 16 percent lower. This year the stock price moved between 266 and 443 dollar.

    Historical stock prices Lockheed Martin from 2007 till 2020

    stock lockheedmartin

    Click here for dividend Lockheed Martin. At 21.01 the stock trades 0.88 percent lower at 347.27 USD.

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