Lockheed Part of SEAHAWK Contract - Analyst Blog
07 Décembre 2012 - 12:20PM
Zacks
Aerospace and defense company,
Lockheed Martin Corporation (LMT) has won a
contract from the U.S. Navy for the systems integration of nine
MH-60R SEAHAWK helicopters. This $686 million contract is part of
the U.S. government’s foreign military sales (FMS) program whereby
it will deliver nine MH-60R SEAHAWK helicopters to the Danish
government.
The project is executed by a
consortium of leading defense companies in the U.S. including
Lockheed. The company will act as the mission’s system integration
operator. Others include Sikorsky Aircraft, a business arm of
United Technologies Corporation (UTX),
General Electric Company (GE), Raytheon
Company (RTN) and Canada’s CAE Inc.
(CAE). These companies will perform as MH-60R airframe
manufacturer, engine manufacturer, sensor supplier and training
supplier, respectively.
Denmark is the second foreign
country to opt for the highly proven MH-60R SEAHAWK helicopters.
Earlier Australia bought 24 of these aircraft. The current order is
slated to be delivered by 2018.
The highly advanced aircraft is
designed for the purpose of anti-surface warfare operations. These
aircraft will defend Danish interests in the North Atlantic besides
conducting other missions during international deployments and
executing anti-piracy tasks.
With the imminent threat of U.S.
defense budget cuts, we believe such international orders will
provide a respite to Lockheed Martin. Recently, Lockheed acquired
Chandler/May Inc., an unmanned aerial systems manufacturer. The
company focuses on the design, development, integration,
manufacturing, and support of fully integrated mission critical
systems. This acquisition will complement Lockheed’s role as a
system integrator in the aircraft project as well as in other
future collaborative projects. The company retains a short-term
Zacks #3 Rank (Hold rating).
Another Zacks #3 Rank defense
player, Northrop Grumman Corporation (NOC)
received a contract from Indian reseller Marine Electricals Ltd to
supply advanced shipboard navigation systems for 20 fast patrol
vessels. The systems will be supplied to the Indian Coast
Guard.
Lockheed Martin has been a
consistent performer posting earnings surprises in the last eight
quarters. The Zacks Consensus Estimate for the fourth quarter and
full year 2012 presently stand at $1.79 per share and $8.40 per
share, respectively.
Based in Bethesda, Maryland,
Lockheed Martin is a global security and aerospace company that
employs about 123,000 people worldwide with market capitalization
of $29.40 billion
CAE INC (CAE): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis Report
NORTHROP GRUMMN (NOC): Free Stock Analysis Report
RAYTHEON CO (RTN): Free Stock Analysis Report
UTD TECHS CORP (UTX): Free Stock Analysis Report
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