Lockheed Martin Hooked to On-The Move Network - Analyst Blog
May 11 2011 - 1:45PM
Zacks
Lockheed Martin Corporation (LMT) received a
$105 million contract from General Dynamics C4 Systems, a business
unit of General Dynamics Corporation (GD), to
produce additional communications equipment for Warfighter
Information Network-Tactical (WIN-T) Increment 2.
Additional equipment is being produced for the U.S. Army's
high-capacity communications network that brings high-bandwidth,
mobile, two-way satellite communications. Under this contract,
Lockheed Martin will deliver transmission subsystem radios, modems,
antennas and mast systems for integration into a variety of combat
vehicle platforms.
The transmission subsystem is the foundation for the WIN-T
network's data transfer capability over a highly dispersed,
non-contiguous area. Integrating Satellite Communications,
line-of-sight and terrestrial waveforms provide high-bandwidth
connectivity and helps commanders and the Global Information Grid
to be linked with brigade combat teams through an on-the-move
broadband networking capability.
General Dynamics’ C4 Systems is the prime contractor for the
WIN-T and is teamed with Lockheed Martin, BAE Systems
plc (BAESY), Harris Corporation (HRS) and
L-3 Communications (LLL) on the program.
Lockheed Martin is expected to register a stable performance due
to its leveraged presence in the Army, Air Force, Navy and IT
programs. Additionally, the company’s focus on debt repayment, its
ongoing share repurchase program and the incremental dividend will
continue to shore up shareholder return.
However, due to the overhang of defense budget cuts, margin
pressures, higher pension liability and risk regarding retrenchment
cost recovery, we maintain our long-term Neutral recommendation on
the stock. The company also presently retains a short-term Zacks #3
Rank (Hold) rating.
Based in Bethesda, Maryland, Lockheed Martin is a global
security company engaged in the research, design, development,
manufacture, integration and sustainment of advanced technology
systems, products and services.
GENL DYNAMICS (GD): Free Stock Analysis Report
HARRIS CORP (HRS): Free Stock Analysis Report
L-3 COMM HLDGS (LLL): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis Report
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