Defense contractor Lockheed Martin Corporation (LMT) received a contract from the U.S. Coast Guard to provide technical and training support at 12 Coast Guard training sites.
As per the contract Lockheed Martin will identify and hire suitable personnel in the field of aviation, operations and engineering. The company will also assist in developing curricula and advanced learning modules.
The company will also conduct performance analysis and help in improvement programs. The initial value of the five-year indefinite delivery/indefinite quantity contract is $90,000 and can go up to $57 million.
Lockheed Martin has been winning quite a few contracts in the area of training and support for various army divisions. One of the most significant contracts received in February was a three-year deal worth $831 million to enhance situational awareness on U.S. Navy ships, submarines and shore stations. This contract has a two-year option, which can raise the ceiling value to $1.375 billion.
In January, the company won the Urban Operations Training Systems (UOTS) contract from the U.S. Army, which had an initial delivery order of $22,000 with a potential value of $287 million over five years. Under this program the company was asked to provide support for the full spectrum of operations, starting from the traditional war fighting tactics to overseas contingency operations.
Lockheed Martin currently retains a Zacks #3 Rank (short-term ‘Hold’ rating). We provide a long-term Neutral rating on the stock. The defense peers of the company are The Boeing Co. (BA), Northrop Grumman Corporation (NOC) and Raytheon Co. (RTN).
Based in Bethesda, Maryland, Lockheed Martin operates globally in research, design, development, manufacture, integration, operation, and sustainment of advanced technology systems and products.
BOEING CO (BA): 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
Zacks Investment Research
