|Bid||356.00 x 800|
|Ask||356.93 x 1800|
|Day's range||355.85 - 359.10|
|52-week range||241.18 - 373.37|
|Beta (3Y monthly)||1.24|
|PE ratio (TTM)||18.26|
|Earnings date||23 Jul 2019|
|Forward dividend & yield||8.80 (2.47%)|
|1y target est||381.39|
Lockheed Martin was awarded a $1.48 billion contract to build the THAAD missile defence system for Saudi Arabia, bringing the total value of the deal to $5.36 billion, the Pentagon said on Friday. The new contract was a modification to a previously awarded agreement to produce the Terminal High Altitude Area Defence interceptor for Saudi Arabia, the Pentagon said. In November 2018, Saudi and U.S. officials signed letters of offer and acceptance formalising terms for Saudi Arabia's purchase of 44 THAAD launchers, missiles and related equipment.
Production cut, delay in return to service as well as lower delivery volumes for 737 Max jets are likely to impact Boeing's (BA) earnings and revenues in second-quarter 2019.
Product innovations and robust bookings are likely to aid FLIR Systems' (FLIR) second-quarter revenues. However, negative foreign exchange impacts and U.S. import tariff effects may hurt earnings.
Northrop Grumman (NOC) expects to incur lower interest expenses for the rest of 2019, starting from second quarter. This in turn should drive its bottom line.
(Bloomberg) -- President Donald Trump said he’s not looking at economic sanctions against Turkey “right now” following its decision to begin receiving parts of a Russian missile-defense system that has divided the two NATO allies and fueled outrage in Congress.“No, we’re not looking at that right now,” Trump told reporters Thursday at the White House.The lira initially strengthened on the news, though on Friday weakened 0.5% to 5.6464 per dollar as of 9:14 a.m. in Istanbul.The president’s comments came a day after his administration confirmed it’s suspending Turkey’s participation in the F-35 jet program, ending its ability to buy and help build the fighter jet because of President Recep Tayyip Erdogan’s decision to begin receiving parts for the Russian-made S-400 system.Trump’s comments may signal a brief reprieve for Erdogan’s government. Under the Countering America’s Adversaries Through Sanctions Act, or CAATSA, the U.S. is required to impose penalties on Ankara over the missile-defense move. The law doesn’t say how quickly the president has to put those sanctions in place, however.The penalties in CAATSA range from limiting the size of American bank loans to Turkish entities to more severe efforts such as cutting off access to the U.S. financial system, an unlikely step that would shatter the already fragile Turkish economy.Erdogan has sought to blunt any sanctions effort by appealing directly to Trump. Referring to a conversation the two leaders had at the G-20 meeting in Japan last month, Erdogan has said that Trump doesn’t favor sanctions, even if they are supported by some U.S. officials.U.S. lawmakers from both parties have expressed outrage over the S-400 purchase and are likely to press for the toughest sanctions on a menu of options in CAATSA.The U.S. says says the S-400 sale puts at risk the Pentagon’s costliest program, the F-35 built by Lockheed Martin Corp. The U.S. says the Russian air defense system is designed to shoot down North Atlantic Treaty Organization aircraft and can collect critical intelligence that could compromise stealth capabilities of the fifth-generation fighter.‘Tough Situation’Turkey’s cutoff from the F-35 program was a move that Trump has made clear he was reluctant to take. He told reporters on Tuesday that “it is a very tough situation that they are in, and it’s a tough situation that we have been placed in, the United States.”Turkey’s Foreign Ministry on Wednesday said “the exclusion of Turkey as one of the main partners of the F-35 program is unjust and the allegation that S-400 system will weaken the F-35s is invalid.”Erdogan has repeatedly said the purchase is essential to meeting his country’s air defense needs. But the move comes as he and Russian President Vladimir Putin have sought to bolster ties.Turkey, with its planned purchases of about 100 of the F-35s, was one of the four top foreign customers for the program, along with Japan, Australia and the U.K.Ten Turkish companies will be suspended from making more than 900 parts for the F-35 that over the program’s lifetime could generate more than $9 billion in orders, according to the Pentagon.To contact the reporter on this story: Jennifer Jacobs in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Bill Faries at email@example.com, ;Alex Wayne at firstname.lastname@example.org, Laurie Asséo, Justin BlumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Lockheed Martin's (LMT) second-quarter 2019 results are likely to benefit from the company's improved segment operating profit and solid revenue growth trends.
Last week, Turkey accepted delivery of the Russian-made S-400, a mobile surface-to-air missile system, that is said to pose a risk to the NATO alliance as well as Lockheed Martin's F-35 stealth fighter jet.
Textron (TXT) second-quarter 2019 earnings from continuing operations increase year over year. However, revenues decline from the year-ago figure.
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Lockheed Martin's (LMT) HIMARS is the newest member in the MLRS family that enables troops in engaging and defeating artillery, and air defense concentrations.
Lockheed Martin (LMT) closed the most recent trading day at $365.25, moving -0.66% from the previous trading session.
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Lockheed (LMT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we'd be...