Lockheed Martin Corporation (LMT) – New record of backlog

Lockheed Martin Corporation (LMT) (Q2FY23)

Introduction

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The Aeronautics segment offers combat and air mobility aircraft, unmanned air vehicles, and related technologies. The Missiles and Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support, and integration services; manned and unmanned ground vehicles; and energy management solutions.

The Rotary and Mission Systems segment offers military and commercial helicopters, surface ships, sea and land-based missile defense systems, radar systems, sea and air-based mission and combat systems, command and control mission solutions, cyber solutions, and simulation and training solutions.

The Space segment offers satellites; space transportation systems; strategic, advanced strike, and defensive systems; and classified systems and services in support of national security systems. This segment also provides network-enabled situational awareness and integrates space and ground global systems to help its customers gather, analyze, and securely distribute critical intelligence data. It serves primarily serves the U.S. government, as well as foreign military sales contracted through the U.S. government.

Highlights

In Q2FY23, Backlog reached a record level of $158bn which was up $8bn from Q4FY22 which resulted in a book-to-bill ratio of 1.7. Orders included an approximately $8bn option award for the 126 F-35s for Production Lot 17, as well as significant awards to ramp up munitions at MFC.

Stock performance

Over the past 3 years, the stock had generated returns of 19% where the stock price surged from $382.09 in Jul 27, 2020 to $452.81 in Jul 26, 2023. The stock had a 200-Day Moving Average of $466.9 and a 50-Day Moving Average of $456.61.

In the past 1 year, the stock generated returns of 8% where the stock price increased from $419.28 in Aug 01, 2022 to $452.81 in Jul 26, 2023. The stock had a 52 Week High of $508.1 and a 52 Week Low of $381.55.

Over the past 3 months, Lockheed Martin Corporation’s stock generated returns of -3% where the stock price decreased from $465 in Apr 27, 2023 to $452.81 in Jul 26, 2023.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 33

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