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MarketScreener Homepage  >  Equities  >  Nyse  >  Lockheed Martin Corporation    LMT

LOCKHEED MARTIN CORPORATION

(LMT)
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Lockheed Martin : F-35 Proposal Submitted To Swiss Government; The 5th Generation F-35 provides unmatched capabilities, autonomy and industrial opportunities for Switzerland

11/20/2020 | 10:28am EST

FORT WORTH, Texas - On Nov. 18, the U.S. government and Lockheed Martin (NYSE: LMT) submitted an F-35 proposal to the Swiss government in support of Switzerland's New Fighter Aircraft (NFA) competition.

The F-35 proposal is a total package offering that includes up to 40 F-35A aircraft, a sustainment solution tailored to Swiss autonomy requirements, and a comprehensive training program.

The offering includes an industrial package providing Swiss industry substantial F-35 work opportunities. Should the F-35 be selected as the new fighter for Switzerland, this industrial work would take place in all Swiss regions. Swiss industry has the opportunity to compete for direct production of components for use on all F-35s produced, sustainment projects focused on supporting the Swiss Air Force and enhancing Swiss autonomy, and cyber security projects directly related to the F-35.

The offer uses the F-35 Global Support Solution for sustainment to ensure Switzerland benefits from the European F-35 economies of scale to realize lower sustainment costs for the Swiss Air Force. It also includes a six-month spares package to ensure the Swiss Air Force has the ability to conduct autonomous operations, if needed. Lockheed Martin is also offering an option for the assembly of four aircraft in Switzerland to ensure the Swiss Air Force and Swiss industry gain an understanding of how to maintain the F-35 airframe and its advanced capabilities for the life of the program.

'We are confident that our F-35 offer is the best and most affordable solution for the Swiss NFA competition,' said Greg Ulmer, F-35 Program vice president and general manager. 'We are offering the only 5th generation fighter at the cost of 4th generation aircraft while offering Switzerland an aircraft that will protect Swiss sovereignty for decades to come.'

To date, the F-35 has been selected by 13 nations and operates from 26 bases worldwide, with nine nations operating F-35s on their home soil. There are more than 585 F-35s in service today, with more than 1,190 pilots and 9,750 maintainers trained on the aircraft.

For additional information, visit www.f35.com.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 110,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. For additional information, visit our website: www.lockheedmartin.com.

Please follow @LMNews on Twitter for the latest announcements and news across the corporation.

SOURCE Lockheed Martin Aeronautics

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 65 292 M - -
Net income 2020 6 835 M - -
Net Debt 2020 8 779 M - -
P/E ratio 2020 14,2x
Yield 2020 2,84%
Capitalization 97 161 M 97 161 M -
EV / Sales 2020 1,62x
EV / Sales 2021 1,53x
Nbr of Employees 110 000
Free-Float 99,9%
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Technical analysis trends LOCKHEED MARTIN CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 425,07 $
Last Close Price 347,27 $
Spread / Highest target 44,0%
Spread / Average Target 22,4%
Spread / Lowest Target 5,97%
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Managers and Directors
NameTitle
James D. Taiclet President, Chief Executive Officer & Director
Marillyn A. Hewson Executive Chairman
Frank A. St. John Chief Operating Officer
Kenneth R. Possenriede Chief Financial Officer & Executive Vice President
Rodney A. Makoske SVP-Corporate Engineering, Technology & Operations
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