Keep Your Eyes on This Stock: Lockheed Martin (NYSE:LMT)
Lockheed Martin (NYSE:LMT) stock observed trading -3.02% off 52-week high price. On the other end, the stock has been noted 60.82% away from low price over the last 52-weeks. The stock disclosed a move of 2.69% away from 50 day moving average and 17.44% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.04% off 20-day moving average. It has market cap of $110957.97M and dividend yield of 2.27%.
On Sept. 27, 2019, Lockheed Martin (NYSE:LMT) has been awarded a $281 million contract by the United States Army to develop the Sentinel A4 radar system.
Sentinel A4 is a high-performance modification of the Sentinel A3 (AN/MPQ-64A3) air and missile defense radar that will provide updates to improve the existing Sentinel capability against cruise missiles, unmanned aerial systems, rotary wing and fixed wing threats.
The new Sentinel A4 radar will provide improved surveillance, detection, and classification capabilities against current and emerging aerial threats in order to protect Army maneuver formations and high value static assets to include: command and control nodes, tactical assembly areas and geo-political centers. This needed capability will help protect our warfighters for the next 40 years.
By leveraging our open scalable radar architecture and production efforts, we believe we provide the lowest risk and best value solution for the U.S. Army that will help protect our warfighters for years to come, said Dr. Rob Smith, vice president and general manager for Lockheed Martin’s Radar and Sensor Systems. We have fielded numerous tactical Gallium Nitride (GaN) based radars beginning with the delivery of the TPS-77 Multi Role Radar to Latvia in 2018 and we are under contract with the Army to insert GaN into the Q-53 system.
The USA based company Lockheed Martin Corporation moved with change of -1.29% to $387.87 with the total traded volume of 749133 shares in recent session versus to an average volume of 1074.83K. The stock was observed in the 5 days activity at -0.10%. The one month performance of stock was 1.81%. LMT’s shares are at 6.69% for the quarter and driving a 13.12% return over the course of the past year and is now at 48.13% since this point in 2018. Right now the stock beta is 0.96. The average volatility for the week and month was at 1.45% and 1.59% respectively. There are 286.07M shares outstanding and 282.12M shares are floated in market.
Christopher Pacheco has worked as financial analyst until his retirement. He is a well-known research director and portfolio manager for more than 5 years. After many years in the market, he dedicated all his time to write articles highlighting different financial problems.
Christopher Pacheco holds a postgraduate degree in Software Engineering from Canada. ‘The stock market is filled with individuals who know the price of everything, but the value of nothing.’ Christopher is a share market expert, being personally invested for over 6 years. He believes the most valuable nugget of wisdom for new investors is a quote from Phillip Fisher. He has been writing his entire life, and while he has made a career of business and finance reporting, he still enjoys writing short stories and poetry.
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