Lockheed Martin (LMT) Tops Q2 EPS by 27c; Bumps FY15 EPS Outlook Higher

RBC Capital Raises Price Target on Lockheed Martin (LMT) Following Early 2Q15 Results and Announced Sikorsky Acquisition

RBC Capital reiterated a Sector Perform rating on Lockheed Martin (NYSE: LMT), and raised the price target to $220.00 (from $206.00), following announced Sikorsky acquisition and 2Q15 results. Analyst Robert Stallard said that LMT reported results one day earlier than planned, but it was a typical quarter, with... More

Lockheed Martin's (LMT) L-T Ratings Placed on Watch Negative by Fitch

Fitch Ratings has placed Lockheed Martin Corporation's (NYSE: LMT) long-term 'A-' ratings on Rating Watch Negative. The action follows LMT's announcement this morning of its agreement to purchase Sikorsky Aircraft from United Technologies ('A'/Outlook Stable) for $9 billion cash. The transaction would be mostly funded with debt. LMT's short-term ratings are not affected by this rating action. Fitch's ratings for LMT cover approximately $9.25 billion of existing debt. A full list of ratings follows at the end of this release.

Fitch's preliminary forecasts indicate that the additional debt from the acquisition, combined with a... More

Lockheed Martin (LMT) to Acquire Sikorsky in $9B Deal (UTX)

Lockheed Martin (NYSE: LMT) has entered into a definitive agreement to acquire Sikorsky Aircraft, a world leader in military and commercial rotary-wing aircraft, for $9.0 billion. The price is effectively reduced to approximately $7.1 billion, after taking into account tax benefits resulting from the transaction.

"Sikorsky is a natural fit for Lockheed Martin and complements our broad portfolio of world-class aerospace and defense products and technologies," said Marillyn Hewson, Lockheed Martin chairman, president and CEO. "I'm confident this acquisition will help us extend our core business into the growing areas of helicopter production and... More