Lockheed Martin Corporation (LMT) announced that it was chosen by the U.S. Army's Research Development and Engineering Command, Communications-Electronics Research, Development and Engineering Center (“RDECOM CERDEC”) Night Vision and Electronic Sensors Directorate (“NVESD”) for the demonstration of an advanced multi sensor system.
Under the cooperative research and development agreement with NVESD, Lockheed Martin will also continue to enhance capabilities of Multi-sensor Graphical User Interface (MS GUI) system for use in various situational awareness applications.
MS GUI is an affordable, backwards compatible upgrade kit for fielded Gyrocam systems that is currently deployed with the U.S. Army and U.S. Marine Corps. It is designed to provide greater situational awareness during route clearance and surveillance missions.
MS GUI allows the operator to use a touch screen display capability to slew between reference cameras, such as the Driver's Vision Enhancer, and the Gyrocam Vehicle Optics Sensor System (“VOSS”) that simultaneously searches for potential threats while interrogating identified hazards on route clearance missions.
Lockheed Martin is a world leader in the design, production and integration of advanced electro-optical/infrared systems. It delivers navigation and surveillance sensors to the United States military and its allies. Through the VOSS program, Lockheed Martin is developing and fielding vehicle-mounted, gyro-stabilized, long-range optical systems for all branches of the U.S. military.
Lockheed Martin is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs. Also, we believe that shareholder return will continue to be shored up by the company’s focus on debt repayment, its ongoing share repurchase program and the incremental dividend.
However, these positives are dampened by defense budget cuts, headwinds in margins, higher pension liability and risk regarding retrenchment cost recovery. The company presently retains a short-term Zacks #3 Rank (Hold) that corresponds with our long-term Neutral recommendation on the stock.
The company is expected to post its third quarter results on October 26, 2011. The Zacks Consensus Estimates for third quarter 2011 and fiscal year 2011 are currently at $1.81 per share and $7.55 per share, respectively.
Based in Bethesda, Maryland, Lockheed Martin is a global security company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Some of its main competitors include Northrop Grumman Corporation (NOC) and Raytheon Company (RTN).
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