S&P Places Lockheed Martin (LMT) on CreditWatch Negative Amid Sikorsky Aircraft Deal
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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
Lockheed Martin's (LMT) L-T Ratings Placed on Watch Negative by Fitch
July 20, 2015 3:35 PM EDTFitch 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
