Notable News to Watch: Lockheed Martin (NYSE:LMT)

December 31, 2019

Lockheed Martin (NYSE:LMT) spotted trading -2.02% off 52-week high price. On the other end, the stock has been noted 52.61% away from the low price over the last 52-weeks. The stock changed -0.43% to recent value of $391.9. The stock transacted 739052 shares during most recent day however it has an average volume of 1.04M shares. The company has 282.00M of outstanding shares and 281.79M shares were floated in the market.

On Dec. 30, 2019, Lockheed Martin (NYSE:LMT) delivered the 134th F-35 aircraft for the year , exceeding the joint government and industry 2019 delivery goal of 131 aircraft.

One hundred and thirty-four deliveries represent a 47% increase from 2018 and nearly a 200 percent production increase from 2016. Next year, Lockheed Martin plans to deliver 141 F-35s and is prepared to increase production volume year-over-year to hit peak production in 2023.

This achievement is a testament to the readiness of the full F-35 enterprise to ramp to full-rate production and we continue to focus on improving on-time deliveries across the entire weapons system, said Greg Ulmer, Lockheed Martin vice president and general manager of the F-35 program. We have met our annual delivery targets three years in a row and continue to increase production rates, improve efficiencies and reduce costs. The F-35 is the most capable fighter jet in the world, and we’re now delivering the 5th Generation weapon system at a cost equal to or lower than a less capable 4th Generation legacy aircraft.

The 134th aircraft is a Short Takeoff and Vertical Landing (STOVL) model for the United States Marine Corps.  In 2019, deliveries included 81 F-35s for the United States, 30 for international partner nations and 23 for Foreign Military Sales customers.

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%. 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.

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 1.41% from the mean of 20 days, 2.14% from mean of 50 days SMA and performed 8.59% from mean of 200 days price. Company’s performance for the week was 1.41%, -0.59% for month and YTD performance remained 49.67%.

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