文章核心观点 - 洛克希德·马丁公司(Lockheed Martin Corporation)在今年7月重启了F-35战斗机的交付 [1] - F-35战斗机的TR-3升级是一个成本超支至少10亿美元的昂贵升级项目 [2] - 由于TR-3升级尚未完全准备就绪,五角大楼将扣留每架F-35交付款的700万美元中的500万美元 [2] - 如果TR-3升级延迟到2026年才完成,将导致2024年和2025年共11.75亿美元的交付款延迟到2026年 [3] - 这种现金流压力对洛克希德·马丁的股价影响有限,仅约0.2%-0.5% [3] 根据目录分别总结 TR-3升级概述 - TR-3升级或技术更新3是一个为F-35提供更多计算机内存、处理能力和显示屏的升级方案,以提高其目标识别、电子战能力和武器携带能力 [2] - TR-3升级是F-35 Block 4功能的基础 [2] - TR-3升级的开发成本超支至少10亿美元 [2] 交付付款影响分析 - 2024年,交付付款预计将大幅减少,但不会对自由现金流产生重大影响 [3] - 如果TR-3升级延迟到2026年,2024年和2025年将有11.75亿美元的交付款延迟到2026年 [3] - 这种现金流压力对洛克希德·马丁的股价影响有限,仅约0.2%-0.5% [3] - 即使现金流推迟,2026年也能弥补大部分损失 [3] 结论 - 即使出现最坏情况的11.75亿美元现金流压力,也不会对洛克希德·马丁的既有目标价格产生重大影响 [4] - 如果明年能推出战斗就绪的TR-3升级,现金流影响将进一步减小 [4]

On August 28, the current largest U.S. defense contractor, Lockheed Martin (NYSE: LMT), received a $5 billion contract from the U.S. Army to produce and maintain necessary military and defense equipment.The contract envisions allocating $3.9 billion to the manufacturing of F-35 Lightening II aircraft, its maintenance, and upgrades, while the other $1 billion is aimed at funding the maintenance of F-35 Joint Strike Fighter (JSF) laboratory facilities and F-35 developmental flight test activities.This contrac ...

FORT WORTH, Texas, Aug. 28, 2024 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) presented Poland's first F-35A Lightning II to the Polish government during a rollout ceremony at Lockheed Martin's F-35 production facility. This event marks a significant milestone in the Polish Air Force's history and strengthens the alliance between the United States and Poland, a key NATO ally.  Poland's First F-35"Over more than 100-years of the Polish Air Force, there have been many generations of pilots and aircraft. I am p ...

文章核心观点 - 洛克希德·马丁公司(LMT)的Rotary and Missions Systems业务部门最近获得了一份涉及其水面电子战改进计划的合同修改 [1][2] - 该合同由海军海事系统司令部(Naval Sea Systems Command)提供,价值1.136亿美元,预计将于2026年10月完成 [2] - 根据合同条款,洛克希德·马丁将参与AN/SLQ-32(V)6和AN/SLQ-32C(V)6系统的全面量产 [2] - 该合同的大部分工作将在纽约州的利物浦进行 [2] 行业分析 - 随着全球国防开支的增加,特别是为应对日益严重的反舰导弹和其他海军挑战,对先进的监视和对抗能力的需求变得至关重要 [3] - 洛克希德·马丁的水面电子战改进计划(SEWIP)在满足这些需求方面发挥了关键作用 [3][4] - SEWIP提升了美国海军水面舰队的电子战能力,提供先进的反舰导弹防御、反目标和反监视能力 [4] - SEWIP已成为美国海军电子战战略的关键组成部分,使舰船能够以更快的速度和更高的精度检测和应对威胁 [4] - 未来SEWIP需求预计将显著增长,因为全球电子战市场预计将以12.5%的复合年增长率(CAGR)增长(2023-2028年) [5] 公司分析 - 洛克希德·马丁在SEWIP方面拥有良好的往绩记录,并不断升级,包括集成新的防御技术和增强功能,使其有望获得更多合同并增加该计划的收入 [6] - 洛克希德·马丁开发的先进舱外电子战(AOEW)系统进一步增强了其市场地位,与SEWIP配合为美国海军提供全面的电子战解决方案 [7][8] - 这些创新进一步巩固了洛克希德·马丁作为尖端电子战系统领先供应商的地位 [8] 竞争对手分析 - L3Harris Technologies(LHX)制造多种电子战(EW)系统,如AN/ALQ-214、Viper Shield AN/ALQ-254(V)1、AN/ALQ-161A、AN/ALQ-172等 [9] - L3Harris Technologies的长期增长率预计为9.3%,2024年销售额预计将较上年增长10% [10] - 诺斯罗普·格鲁曼(NOC)提供海军航空电子战解决方案,其EW系统包括ALQ-251和AN/APR-39 [11][12] - 诺斯罗普·格鲁曼的长期盈利增长率为8.7%,2024年销售额预计将较上年增长5.4% [13] - 通用动力(GD)作为SEWIP Block 1的首席系统集成商,其SEWIP提供了对AN/SLQ-32旧型电子战检测和对抗系统的即时改进 [14] - 通用动力的长期盈利增长率为12.6%,2024年销售额预计将较上年增长13.5% [15]

文章核心观点 - 洛克希德·马丁公司(LMT)股价在最新交易中收于560.41美元,较前一交易日上涨0.41%,超过了标普500指数0.16%的涨幅 [1] - 该公司股价在过去一个月内上涨5.77%,超过了航空航天行业2.37%的涨幅和标普500指数2.97%的涨幅 [2] - 分析师预计该公司将在即将公布的财报中报告每股收益6.40美元,较去年同期下降5.47%,而营收预计为174.5亿美元,较去年同期增长3.37% [3][4] 行业和公司研究 行业分析 - 该公司所属的航空航天-国防行业目前在250多个行业中排名靠前,位于前21%的行列 [10][11] - 该行业的平均市盈率为20.4倍,而洛克希德·马丁公司的市盈率为21.07倍,高于行业平均水平 [8][9] 公司分析 - 洛克希德·马丁公司的每股收益预测值在过去一个月内下调0.31% [7] - 该公司目前持有"持有"评级(Zacks Rank 3),该评级体系历史上能够战胜市场 [7] - 该公司的市盈率增长比率(PEG)为4.51,高于行业平均水平1.87 [9]

Lockheed Martin Corp.’s (LMT) business unit, Sikorsky, recently secured a modification contract for HH-60M Black Hawk helicopters. The award has been provided by the Army Contracting Command, Redstone Arsenal, AL. Valued at $52.2 million, the contract is expected to be completed by Jun 30, 2027. Work related to this contract will be carried out in Stratford, CT.Black Hawk and LockheedLockheed has strengthened its position as one of the forerunners in the military helicopter market, driven by continuous adva ...

Close-up of sign with logo for Lockheed Martin Space Systems in the Silicon Valley town of ... [+] Sunnyvale, California, October 28, 2018. (Photo by Smith Collection/Gado/Getty Images)Getty ImagesWe believe that Northrop Grumman stock is currently a better pick than its industry peer – Lockheed Martin stock (NYSE: LMT), given its better valuation and robust prospects. NOC stock trades at a slightly higher multiple of 1.9x trailing revenues, versus 1.7x for LMT. Although Northrop Grumman has seen a slightl ...

luca luigi chiaretti/iStock Editorial via Getty Images In April, I reiterated my buy rating for Lockheed Martin (NYSE:LMT) stock with a $499 price target despite the stock having dropped post-earnings. Fast forward to August and the stock is trading at $555 per share after reporting its second quarter results trading 20% higher easily outperforming the stock markets. In this report, I will be discussing the most recent earnings, the updated outlook, assess the risk and opportunities and update my price ...

By waiting until its target had no other option but to say "yes," Lockheed Martin got a great price on Terran Orbital.Patience, as the saying goes, is a virtue. It also turns out to be quite useful if you're reluctant to overpay for a stock -- as defense and aerospace giant Lockheed Martin (LMT -0.36%) just discovered.It's been five months now since Lockheed Martin first expressed interest in buying tiny Terran Orbital (LLAP -3.84%), a one-time SPAC company that grew into a key subcontractor of satellites f ...

Lockheed Martin Corp.’s (LMT) business unit, Sikorsky, recently clinched a contract to conduct configurations for various H-60 Black Hawk helicopters. Work related to this deal is expected to be completed by Aug 21, 2029. Valued at $97.3 million, the contract has been awarded by the Army Contracting Command, Redstone Arsenal, AL.What Offers Lockheed an Edge?Lockheed's H-60 fleet of Black Hawk multirole helicopters is a vital asset for the U.S. military and the armed forces of 34 other nations. Equipped with ...