Lockheed to Develop Training System - Analyst Blog
April 04 2013 - 1:20PM
Zacks
Lockheed Martin Corporation (LMT) has received
an indefinite delivery, indefinite quantity contract worth $146
million from the U.S. Army. Per the contract, Lockheed will design
an advanced Joint Land Component Constructive Training Capability
(JLCCTC) system. The contract period spans for more than five
years.
The JLCCTC is a modeling and simulation software capability that
provides an appropriate level of model and simulation resolution to
support the Army. This system prepares dummy operational scenarios,
thereby preparing and positioning commanders and their staff to
direct military operations.
This system puts together seven current command and battle staff
training tools into a single system. Then it presents fake enemy
forces in front of commanders. Such exercises help sharpen
decision-making skills during high pressure military missions. This
simulation-based training system will prepare Army, joint and
coalition leaders to act in the evolving operational environment
with conviction.
Also, Lockheed has developed the Warfighter's Simulation (WARSIM)
component of JLCCTC. WARSIM as a part of JLCCTC is a group of
software and hardware that simulates the complex interactions of
the battlefield. In order to create a realistic training
environment, it assimilates ground, air, ballistic missile and
intelligence models with mission command systems.
In 2012, WARSIM supported 14 training exercises and trained more
than 22,000 commanders, their staffs and units. Lockheed's skilled
industry team has experience with all components that are involved
in the system. Going forward, Lockheed’s expertise in this area
would bring in more such training contracts for the company.
Based in Bethesda, MD, Lockheed Martin is a global security and
aerospace company principally engaged in the research, design,
development, manufacture, integration and sustainment of advanced
technology systems, products and services. Lockheed remains a key
player within the military space and is expected to register a
stable performance due to a leveraged presence in the Army, Air
Force, Navy and IT programs.
However, defense cutbacks on high-cost platform programs and
over-exposure to the Department of Defense budget remain a matter
of concern for Lockheed as well as other industry players like
General Dynamics Corporation (GD) and The
Boeing Company (BA). The company presently retains a
short-term Zacks Rank #3 (Hold).
In the near term, we would advise investors to accumulate its
short-term Zacks Rank #2 (Buy) peer Wesco Aircraft
Holdings, Inc. (WAIR).
BOEING CO (BA): Free Stock Analysis Report
GENL DYNAMICS (GD): Free Stock Analysis Report
LOCKHEED MARTIN (LMT): Free Stock Analysis Report
WESCO AIRCRAFT (WAIR): Free Stock Analysis Report
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