Lockheed Martin receives final approval for Sikorsky acquisition

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Lockheed Martin (NYSE:LMT) was upgraded by analysts at Vetr from a “holdrating to a “buy” rating in a research note issued on Wednesday.

We’ve also learned that Lockheed Martin Corporation will report its next earnings on January 26, 2016. Lockheed Martin Corporation is up 5.29% in the last 3-month period.

The recent quarter’s results included an following-tax restructuring charge of $6 million related to changes to the firm’s organizational structure, while both periods included unrealized gains and losses from changes in risk management activities. This equates to the consensus earnings growth estimate for the last 12 months, and should not be mistaken for a long term growth estimate. The stock’s 50 day moving average is $210.90 and its 200 day moving average is $200.76. The company earned $11.50 billion during the quarter, compared to analysts’ expectations of $11.13 billion.

When troops need to set up and quickly track incoming threats, they rely on battlefield-proven 360-degree protection provided by the Lockheed Martin AN/TPQ-53 (Q-53) counterfire target acquisition radar.

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.

In its most recent quarter Lockheed Martin Corporation had actual sales of $ 11461. The stock had changed -0.77% since market close yesterday. After the session commenced at $220, the stock reached the higher end at $220.46 while it hit a low of $218.34.

The final approval was given by the Chinese government’s Ministry of Commerce. The Company operates in five business segments based on the nature of the products and services offered, such as Aeronautics, Information Systems & Global Solutions, Missiles and Fire Control, Mission Systems and Training and Space Systems.

 

Lockheed announced its planned acquisition of Black Hawk helicopter maker Sikorsky in July.

US Army orders seven Q-53 radars

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