Lockheed Martin's (LMT) L-T Ratings Placed on Watch Negative by Fitch
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RBC Capital Raises Price Target on Lockheed Martin (LMT) Following Early 2Q15 Results and Announced Sikorsky Acquisition
July 21, 2015 6:48 AM EDTRBC 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
S&P Places Lockheed Martin (LMT) on CreditWatch Negative Amid Sikorsky Aircraft Deal
July 20, 2015 5:14 PM EDTHighlights:
Prime defense contractor Lockheed Martin Corp. announced that it will purchase Sikorsky Aircraft Corp. from United Technologies Corp. for $9 billion--financed mostly with debt--which will initially cause Lockheed's credit protection measures to deteriorate materially.The company has also announced a strategic review of its services business, which could lead to a potential spin-off or sale.We are placing our ratings on Lockheed Martin Corp., including our 'A-' long-term corporate credit rating on the company, on... MoreUnited Technologies (UTX) to Sell Sikorsky Aircraft Unit in $9B Deal; Approves 75M Common Stock Buyback
July 20, 2015 7:35 AM EDTUnited Technologies (NYSE: UTX) announced that it has reached an agreement to sell its Sikorsky Aircraft business to Lockheed Martin Corp. (NYSE: LMT) for $9 billion in cash. The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is projected to close by year-end or in the first quarter of 2016. Proceeds from the sale are expected to be used to fund additional share repurchase to offset... More
Lockheed Martin (LMT) Tops Q2 EPS by 27c; Bumps FY15 EPS Outlook Higher
July 20, 2015 7:33 AM EDTLockheed Martin (NYSE: LMT) reported Q2 EPS of $2.94, $0.27 better than the analyst estimate of $2.67. Revenue for the quarter came in at $11.6 billion versus the consensus estimate of $11.01 billion.
Lockheed Martin sees FY2015 EPS of $11.00 - $11.30, versus prior guidance of $10.85 - $11.15 and the consensus of... More
