“Sikorsky brings a legacy of innovation and performance that perfectly complementsLockheed Martin’sportfolio”. Drexel raises the price target from $222 per share to $229 per share on Lockheed Martin Corporation.
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Several analysts have commented on the company rating.
Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 20th. The company has a 52-week high of $225.15. Recent trading put Lockheed Martin Corporation stock at a 7.08 change from the 50 day moving average, which is +3.35%. Lockheed Martin chairman, president, and CEO Marillyn Hewson says her company is one step closer to a historic acquisition.
Additionally, Lockheed Martin Corporation now has a market capitalization of 67.17B. Lockheed Martin Corporation is up 5.29% in the last 3-month period. This is a boost from Lockheed Martin’s previous quarterly dividend of $1.50. Among the 4 analysts who were surveyed, the consensus expectation for quarterly sales had been 11042.25.
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. The organization operates in five segments: Aeronautics, Information Systems & Global Solutions (NYSE:LMT), Missiles and Fire Control (MFC), Mission Systems and Training (MST) and Space Systems.
The final approval was given by the Chinese government’s Ministry of Commerce.
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The assets are reportedly housed at Lockheed Martin Investment Management Co., the unit responsible for managing the company’s retirement plans, according to a Pensions and Investments article citing unidentified individuals familiar with the matter.
