Lockheed Martin Corporation (LMT) said it has received a contract from the Defense Advanced Research Projects Agency (DARPA) to provide the Resilient Command and Control (RC2) system for the military. The contract valued at $2.7 million was awarded to Lockheed’s Advanced Technology Laboratories.
The command and control (C2) systems are essential for successful military operations. Military commanders depend on a complex network of C2 systems for situational awareness, force coordination and rapid decision-making. The RC2 systems help commanders understand the impact of C2 systems on planned missions and afford dynamic re-planning capability for degraded systems in real mission environments.
Lockheed Martin is hoping to develop a general framework and set of critical mission assurance capabilities to enable better understanding of the C2 environment, thereby helping commanders in the field take better decisions.
Lockheed Martin said the Advanced Technology Laboratories will lead system engineering and integration from across the Corporation, academia and industry, including Lockheed Martin Information Systems and Global Solutions and SRI International.
Based in Bethesda, Maryland, Lockheed Martin is a global security company that designs and produces ballistic missiles, interceptors, target missiles and reentry systems with unmatched reliability. The company’s customer base includes the U.S. government, foreign governments and other commercial buyers. The company competes head-to-head with Northrop Grumman Corporation (NOC) and The Boeing Company (BA).
Lockheed Martin’s focus on operational excellence helps produce affordable high-quality systems and services. It leads the industry in performance and domain expertise in strategic missile and missile defense systems.
Going forward, we expect Lockheed Martin to register a stable performance thanks to a leveraged presence in the Army, Air Force, Navy and IT.
However, we note that the company’s shares have recently receded sharply due to the overhang of defense budget cuts, headwinds in margins, higher pension liability and risk regarding retrenchment cost recovery.
The company presently retains a short-term Zacks #3 Rank (Hold) that corresponds to our long-term Neutral recommendation on the stock.
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