Lockheed Martin (LMT) Tops Q1 EPS by $1.65, Updates Guidance

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Go back to Lockheed Martin (LMT) Tops Q1 EPS by $1.65, Updates Guidance

Lockheed Martin (LMT) PT Raised to $380 at Vertical Research Partners

April 23, 2019 3:40 PM EDT

Vertical Research Partners analyst Robert Stallard raised the price target on Lockheed Martin (NYSE: LMT) to $380.00 (from $347.00) while maintaining a Buy rating following Q1 results.

increased 2019 EPS estimate from $19.60 to $20.64, while 2020 goes from $24.90 to $25.85.now expecting FCF of $6bn this year and next.... More

Lockheed Martin (LMT) Secures $362M Contract for Multiple Launch Rocket System Launcher (M270A2) Recapitalization

April 23, 2019 1:31 PM EDT

The U.S. Army awarded Lockheed Martin a $362 million contract to recapitalize 50 of the U.S. Army's Multiple Launch Rocket System (MLRS) launchers.

The U.S. Army's MLRS recapitalization effort will eventually upgrade its existing fleet of 225... More