North Korea-US tension linked to rise in missile defence system requests

Jefferies Group also issued estimates for Lockheed Martin Corporation's Q1 2018 earnings at $3.25 EPS, Q2 2018 earnings at $3.45 EPS, Q3 2018 earnings at $3.65 EPS, Q4 2018 earnings at $3.90 EPS, FY2019 earnings at $15.70 EPS and FY2020 earnings at $17.65 EPS.

Shares of Lockheed Martin Corporation (NYSE LMT) opened at 300.10 on Friday. The company had revenue of $12.69 billion during the quarter, compared to the consensus estimate of $12.43 billion. BidaskClub lowered Lockheed Martin Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, June 27th.

Lockheed Martin Corporation (NYSE:LMT)'s stock had its "hold" rating reaffirmed by analysts at Jefferies Group LLC in a report released on Friday, July 14th. On average, analysts predict that Lockheed Martin Corporation will post $12.64 EPS for the current year.

This fractional array is representative of Lockheed Martin's potential Lower Tier Air and Missile Defense Sensor solution, built on a modular and scalable architecture to scale to the army's requirements - once finalised - to replace the aging Patriot MPQ-65 radar. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & global copyright & trademark laws. Stifel Nicolaus upped their target price on Lockheed Martin Corporation from $290.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, April 26th. They issued an "overweight" rating and a $342.00 target price for the company. Royal Bank Of Canada reiterated a "hold" rating and set a $263.00 price target on shares of Lockheed Martin Corporation in a research note on Tuesday, May 9th. The company has a market cap of $83.68 billion, a PE ratio of 16.73 and a beta of 0.60. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company's 50-day moving average price is $285.96 and its 200 day moving average price is $272.67.

In other news, SVP Maryanne Lavan sold 10,000 shares of Lockheed Martin Corporation stock in a transaction that occurred on Thursday, July 20th. Also, Chairman Marillyn A. Hewson sold 26,000 shares of Lockheed Martin Corporation stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $290.53, for a total transaction of $7,553,780.00. The disclosure for this sale can be found here.

Lockheed sells security and intelligence products including ships, planes, and missile systems to the USA intelligence community, the military and NASA. The Company operates through four segments.