lockheed martin corp (LMT:New York)
lockheed martin corp (LMT) Key Developments
Lockheed Martin and State Nuclear Power Automation System Engineering Company (SNPAS) have signed an agreement to prototype, manufacture and qualify nuclear power plant reactor protection systems for China's Generation III reactors. Lockheed Martin and SNPAS will develop a nuclear safety instrumentation and control platform, based on field programmable gate array (FPGA) technology, for a new generation of Reactor Protection Systems in China. Terms of the agreement were not disclosed. The unique FPGA-based platform will specifically address safety and regulatory concerns related to software common-cause failures in digital nuclear safety systems. These systems will autonomously and reliably monitor and detect potential failures in the system, ensuring the safe operation and function of the facility. The platform may be applied both in new plant deployment and in safety system upgrades for existing power plants.
Lockheed Martin Corporation has been awarded a contract to provide information technology (IT) and emergency operations planning and support to the Centers for Disease Control and Prevention (CDC) Office of Public Health and Preparedness (OPHPR). The multiple-award indefinite delivery/indefinite quantity contract has a ceiling value of $400 million over five years.
Lockheed Martin received $34.2 million Foreign Military Sales contract from the U.S. Air Force to support additional integration of the Joint Air-to-Surface Standoff Missile (JASSM) onto the Finnish Air Force F-18C/D aircraft. This second contract for Finland includes test missiles, software development and engineering documentation. The program is a joint effort between the U.S. Navy, U.S. Air Force, Lockheed Martin and the Finnish Air Force. Airworthiness activities will occur at NAS Patuxent River, Md., followed by flight testing at the Naval Air Warfare Center Weapons Division in China Lake, Calif.
Lockheed Martin Corporation announced that its PAC-3 Missile Segment Enhancement (MSE) Missile successfully engaged, intercepted and destroyed two different threat representative targets during a flight test at White Sands Missile Range, N.M. The first target engagement involved two PAC-3 MSE Missiles ripple fired against an advanced Tactical Ballistic Missile (TBM) target. The first MSE Missile successfully engaged a TBM target, while the second missile self-destructed as planned. A third PAC-3 MSE Missile engaged a BQM-74 cruise missile target. Preliminary data indicates that all test objectives were achieved. The PAC-3 and PAC-3 MSE Missiles are two of the world's most advanced, capable and reliable theater air and missile defense interceptors. They defeat advanced tactical ballistic and air breathing threats. As the most technologically advanced missiles for the PATRIOT air and missile defense system, PAC-3 and MSE Missiles significantly increase the system's firepower, allowing 16 PAC-3 or 12 MSE Missiles to be loaded in place of just four legacy PATRIOT PAC-2 missiles on the launcher. The PAC-3 MSE Missile is packaged in a single canister that stacks to provide even more loadout flexibility for the operational warfighter. Lockheed Martin Missiles and Fire Control is prime contractor for the PAC-3 Missile Segment and Missile Segment Enhancement upgrades to the PATRIOT air defense system. The upgrades consist of the highly agile hit-to-kill PAC-3/MSE Missiles, the PAC-3 Missile canisters (in four/one packs), the Fire Solution Computer and the Enhanced Launcher Electronics System, all of which are modularly integrated into PATRIOT.
Lockheed Martin delivered the first Modernized Day Sensor Assembly Laser Range Finder Designator to the U.S. Army for the AH-64D/E Apache helicopter. The modernized LRFD is the first phase of upgrades for the M-DSA program. The modernized LRFD mitigates obsolescence and provides enhanced performance to the Modernized Target Acquisition Designation Sight/Pilot Night Vision Sensor (M-TADS/PNVS) system. The modernized LRFD is also the chief targeting aid for the Apache, establishing the range to target for accurate weapon aiming. The M-DSA second phase upgrades bring color to the Apache cockpit display, improving situational awareness and communication with ground troops.

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| Valuation | LMT | Industry Range |
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| Price/Sales | 0.7x |
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| Price/Book | 113.9x |
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| Price/Cash Flow | 12.3x |
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| TEV/Sales | 0.5x |
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