Lockheed Martin revenue beats, outlook strong for 2018
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Lockheed Martin (LMT) Secures $81M Contract from U.S. Air Force to Modernize Airborne Launch Control System
January 31, 2018 12:19 PM ESTThe U.S. Air Force recently awarded Lockheed Martin (NYSE: LMT) an $81 million Technology Maturation and Risk Reduction (TMRR) contract to provide a design and functional prototype to replace the aging Airborne Launch Control System aboard the E-6B Mercury Airborne Command Post.
The Airborne Launch Control System-Replacement (ALCS-R) program will provide a survivable alternate launch capability for the Minuteman III... More
Lockheed Martin (LMT) PT Raised to $380 at Credit Suisse
January 30, 2018 7:57 AM ESTCredit Suisse raised its price target on Lockheed Martin (NYSE: LMT) to $380.00 (from $308.00) while maintaining a Neutral rating following results.
The firm's 2018-19 EPS estimates adjust to $15.49/$17.74 (from $13.14/$15.12), and they introduce 2020 EPS estimate of $22.47.
... MoreLockheed Martin (LMT) PT Raised to $370 at Cowen
January 30, 2018 7:26 AM ESTCowen raised its price target on Lockheed Martin (NYSE: LMT) to $370.00 (from $320.00) while maintaining a Market Perform rating.
Analyst Cai von Rumohr said LMT has the potential for 20% EPS growth in 2019-20, after a 2018 transition year with ~$20/share in annual CFPS in 2019-20; and foreign orders offer upside.
... MoreLockheed Martin (LMT) PT Raised to $366 at Vertical Research Partners on 4Q Beat; 'Prospects Looking Good... Improved U.S. and Export Demand'
January 29, 2018 3:37 PM ESTVertical Research Partners raised its price target on Lockheed Martin (NYSE: LMT) to $366.00 (from $337.00) while maintaining a Hold rating, following the company's fourth quarter earnings report.
Analyst Rob Stallard notes a positive outlook on the shares, as the company reported fourth quarter earnings per... More
