Stock in News Spotlight: Lockheed Martin (NYSE:LMT)

Lockheed Martin (NYSE:LMT) changed -0.15% to recent value of $413.11. The stock transacted 2165016 shares during most recent day however it has an average volume of 1.05M shares. It spotted trading -0.97% off 52-week high price. On the other end, the stock has been noted 58.68% away from the low price over the last 52-weeks.

On Jan. 6, 2020, The F-35 Joint Program Office awarded the Lockheed Martin (NYSE:LMT) industry team a $1.9 billion contract to support operations and sustainment of the global F-35 fleet, while improving mission readiness and further reducing costs.

The annual contract funds critical sustainment activities for aircraft currently in the fleet and builds enterprise capacity to support the future fleet of more than 3,000 F-35 aircraft. This includes industry sustainment experts supporting base and depot maintenance, pilot and maintainer training, and sustaining engineering across the globe. It also covers fleet-wide data analytics and supply chain management for part repair and replenishment to enhance overall supply availability for the fleet.

The F-35 continues to deliver exceptional capabilities to the field, and this contract ensures F-35s are mission ready to meet warfighter needs, said Greg Ulmer, Lockheed Martin vice president and general manager of the F-35 program. The joint government and industry team continues to make significant progress improving readiness rates and reducing sustainment costs. In 2020, we will continue to optimize and advance the sustainment system. We are confident F-35 sustainment costs will be equal to or less than legacy jets.

The F-35 Joint Program Office, together with each U.S. service, international operator and the F-35 industry team, leads F-35 sustainment and the Global Support Solution. The 2020 annualized sustainment contract will cover industry sustainment activities through December 31, 2020.

LMT has a gross margin of 14.00% and an operating margin of 14.10% while its profit margin remained 10.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained 34.30% for this year while earning per share for the next 5-years is expected to reach at 13.55%.

The company has 282.00M of outstanding shares and 281.79M shares were floated in the market. According to the most recent quarter its current ratio was 1.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 6.16% from the mean of 20 days, 7.13% from mean of 50 days SMA and performed 13.82% from mean of 200 days price. Company’s performance for the week was 4.96%, 7.42% for month and YTD performance remained 6.09%.

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