Lockheed Martin Corporation (LMT – Q1FY20) – Off to a strong start of FY20; COVID—19 has no material impact on business in Q1.

Lockheed Martin Skunk Works® continues to evolve the U-2 Dragon Lady to support future battlespace needs under a recent contract award from the U.S. Air Force valued at $50 million. Under this contract, Lockheed Martin will lead the design, integration and test of the new advanced aircraft components, which will enable the U-2 to be the first fully OMS-compliant fleet. Interim fielding is anticipated to begin in mid-2021, with fleet modification expected in early 2022.

Executive Summary

Financial Statements

– Income Statement and Forecast
– Balance Sheet
– Cash Flow
– Results Overview
– U.S. Govt. sales
– Segment Performance
– Backlog & Deliveries
– Orders
– F-35 Program Status
– U.S. Defense Budget
– FY20 Guidance
– Conclusion

Historical Performance

– Key Ratios
– Profitability Ratios, Asset Turnover Ratio, Growth Ratio
– P/E Band
– Per Share Data

Product Performance and Key Developments

– Ownership
– Competitors
– Key Developments

Valuation and Consensus Performance

– Analyst Recommendations

 Market Price Performance

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