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LOCKHEED MARTIN CORPORATION

(LMT)
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Lockheed Martin, Pentagon Agree to F-35 Production Rebaseline

09/27/2021 | 08:38am EDT

By Michael Dabaie

Lockheed Martin Corp. said it and the Pentagon agreed to a F-35 production rebaseline.

The company said the updated schedule ensures production predictability and stability while recovering the aircraft shortfall over the last year during the Covid-19 pandemic.

With this agreement, Lockheed Martin is scheduled to deliver 133-139 aircraft this year, 151-153 aircraft in 2022 and anticipates delivering 156 aircraft beginning in 2023 and for the foreseeable future.

More than 700 F-35s have been delivered and are operating from 21 bases around the world, the security and aerospace company said.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

09-27-21 0837ET

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Analyst Recommendations on LOCKHEED MARTIN CORPORATION
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Financials (USD)
Sales 2021 68 325 M - -
Net income 2021 6 167 M - -
Net Debt 2021 6 777 M - -
P/E ratio 2021 17,0x
Yield 2021 2,82%
Capitalization 104 B 104 B -
EV / Sales 2021 1,62x
EV / Sales 2022 1,56x
Nbr of Employees 114 000
Free-Float 99,9%
Chart LOCKHEED MARTIN CORPORATION
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Lockheed Martin Corporation Technical Analysis Chart | LMT | US5398301094 | MarketScreener
Technical analysis trends LOCKHEED MARTIN CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 376,33 $
Average target price 419,48 $
Spread / Average Target 11,5%
EPS Revisions
Managers and Directors
James D. Taiclet Chairman, President & Chief Executive Officer
John Wesley Mollard Chief Financial Officer, Treasurer & VP
Rodney A. Makoske SVP, Chief Engineering, Technology & Operations
Frank A. St. John Chief Operating Officer
Jay Peterson Director-Government Finance & Compliance
Sector and Competitors