Zacks Industry Outlook Highlights: Lockheed Martin, Boeing, General Dynamics, Raytheon and Northrop Grumman

Zacks Industry Outlook Highlights: Lockheed Martin, Boeing, General Dynamics,
                        Raytheon and Northrop Grumman

PR Newswire

CHICAGO, Dec. 27, 2012

CHICAGO, Dec. 27, 2012 /PRNewswire/ --Today, Zacks Equity Research discusses
the U.S. Aerospace & Defense, including Lockheed Martin Corporation
(NYSE:LMT), The Boeing Corporation (NYSE:BA), General Dynamics Corporation
(NYSE:GD), Raytheon Company (NYSE:RTN) and Northrop Grumman Corporation


A synopsis of today's Industry Outlook is presented below. The full article
can be read at 


The big defense operators armed with strong balance sheets are expanding their
operations inorganically through acquisitions. The U.S. Defense department
also endorses mergers among U.S. defense companies, provided they don't
involve the top five or six suppliers acquiring each other. For that matter,
the industry encourages acquisitions as the highest-priority investment area
for a company with a sizeable cash balance looking for growth amid significant
defense budget cuts.

In fact, the four main strategies to stimulate that growth are joint ventures,
foreign military sales, international expansion and mergers and alliances.

Recently, Lockheed Martin Corporation (NYSE:LMT) announced the acquisition of
Chandler/May Inc., an unmanned aerial systems manufacturer. Lockheed Martin's
prudent acquisition of Chandler/May would expand its expertise in the design,
development, integration, manufacturing and support of fully integrated
mission critical systems for unmanned aerial systems ("UAS") and Command,
Control, Communications, Computers, Intelligence, Surveillance, Reconnaissance
("C4ISR") missions. Lockheed would leverage the expertise of Chandler/May Inc.
to carry out the October contract for Coast Guard Super Hercules C4ISR planes.

The Boeing Corporation (NYSE:BA) recently completed the acquisition of Miro
Technologies. Miro is a privately held software company that specializes in
enterprise asset and supply chain management; MRO services; and
Performance-Based Logistics ("PBL") management for government and commercial
customers worldwide. This acquisition would bolster the company's defense
logistics support strategies. Prior deals made by the company include
acquisition of Tapestry Solutions, Federated Software Group, and CDM

In December this year, General Dynamics Corporation (NYSE:GD) completed the
acquisition of Applied Physical Sciences Corp. of Groton, Connecticut. Applied
Physical Sciences is a leading provider of applied research and development
services. It will become a part of General Dynamics Electric Boat and help in
various engineering programs.

Again in December, Raytheon Company (NYSE:RTN) completed the acquisition of
the Government Solutions business of SafeNet Inc. for an undisclosed amount.
The need for acquiring a privately held data security firm comes in the light
of supporting the U.S. government's growing need for protected and encrypted
data. In October 2012, Raytheon had also completed the acquisition of Teligy,
Inc. that has improved the company's cybersecurity offerings in wireless
communications, vulnerability analysis, reverse engineering and custom kernel
software/device driver development.

In September, Northrop Grumman Corporation (NYSE:NOC) completed the
acquisition of M5 Network Security Pty Ltd. Australia-based M5 Network
Security is a provider of cybersecurity and secure mobile communications
products and services, and advanced analytics to Australian military and
intelligence organizations.

These acquisitions help the defense pros in fulfilling task orders and
contracts. For instance, in December 2012, Raytheon received a contract to
develop new techniques to perform research and develop tools to integrate new
and individual facts into existing large information stores. In this case, the
company would be helped by the acquisition of SafeNet Inc. The acquired unit
would help the company in performing this task order while maintaining its
relationship with various customers.

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