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Last $203.90 USD
Change Today -1.53 / -0.74%
Volume 1.4M
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

lockheed martin corp (LMT) Key Developments

Lockheed Martin Makes Tiny Satellite Cooling System Three Times More Powerful

Lockheed Martin scientists are packing three times the power density into a key satellite cooling system whose previous design is already the lightest in its class. This project continues the company's effort to reduce component size, enabling compact, higher-power spacecraft payloads and smaller sensor platforms back on Earth. Highly sophisticated electronics like satellite sensors and cameras need to be cooled to detect what they're designed to capture, even to temperatures as low as -320 F (-195 C). Smaller cryocoolers mean more affordable satellites and launches, and they have applications on Earth, too. With higher power, this microcryocooler enables larger, more sensitive IR sensors, which is especially useful for very high-resolution images. Despite its increased capability, the component's power efficiency rating is roughly the same as lower-power coolers. The High Power Microcryocooler is a high-reliability system designed for continuous operation over a lifespan in excess of 10 years.

Lockheed Martin Builds MUOS-4 Communications Satellite Ready for Launch

The fourth Mobile User Objective System (MUOS) satellite built by Lockheed Martin for the US Navy was encapsulated in its protective launch vehicle fairing August 10. It is scheduled to launch August 31 aboard a United Launch Alliance Atlas V rocket. MUOS-4 is the latest addition to a network of orbiting satellites and relay ground stations that is revolutionizing secure communications for mobile military forces. Users with operational MUOS terminals can seamlessly connect beyond line-of-sight around the globe and into the Global Information Grid. MUOS' new smart phone-like capabilities include simultaneous, crystal-clear voice, video and mission data, over a high-speed Internet Protocol-based system. MUOS, which also supports the legacy ultra high frequency communications satellite system, will provide comparatively 16 times the capacity of the legacy system and eventually replace it. The MUOS-1, MUOS-2 and MUOS-3 satellites launched respectively in 2012, 2013 and January 2015. All four required MUOS ground stations are complete. MUOS-5, an on-orbit Wideband Code Division Multiple Access (WCDMA) spare with additional legacy system capability, is expected to launch in 2016. Lockheed Martin manufactured MUOS-4 at the prime contractor's Sunnyvale, California facility. Earlier this summer, the satellite shipped to the Cape, where it was pre-launch processed and finally encapsulated at Astrotech Space Operations, a wholly-owned subsidiary of Lockheed Martin. Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 112,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Lockheed Martin Receives Contract to Supply Sniper Targeting Pods to Taiwan's Air Force

Lockheed Martin announced that Taiwan's Air Force became the 20th international customer to choose the company's Sniper Advanced Targeting Pod for F-16 aircraft. Based on the terms of the initial contract, Lockheed Martin will provide two Sniper units and integration support to Taiwan, and also help integrate LANTIRN targeting and navigation pods on recently upgraded F-16s. With Sniper ATP, pilots will have access to unmatched imagery for precision targeting and non-traditional intelligence, surveillance and reconnaissance efforts, enabling greater overall mission success.

Lockheed Martin Expands Cruise Missile Production Facility

Lockheed Martin celebrated the opening of its cruise missile annex with a ribbon cutting ceremony at its Pike County Operations facility in Troy, Alabama.

Lockheed Martin Wins Contract to Provide Security Technologies for Airports, Ports in Western U.S

Lockheed Martin reported that it has won a contract from the Transportation Security Administration for the Transportation Security Equipment Deployment Services program covering the Western region of the United Sates. The TEDS program will deploy checkpoint technologies for passenger, carry-on and checked baggage screenings to protect passengers and facilitate commerce. Under the contract, Lockheed Martin will perform all tasks associated with the deployment of security technology equipment at airports, ports, terminals, cargo facilities and other locations. Work under the indefinite delivery/indefinite quantity contract will be implemented from July 2015 trough July 2020. The program has a $450 million ceiling for all work performed across the three U.S. geographic regions.

 

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LMT

Industry Average

Valuation LMT Industry Range
Price/Earnings 18.1x
Price/Sales 1.4x
Price/Book 21.2x
Price/Cash Flow 17.6x
TEV/Sales 1.1x
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