Lockheed
Martin Corporation is well known company and is known for its businesses in
various sectors and industries. Lockheed
operates a global security and aerospace company. The company operates in Aeronautics,
Information Systems & Global Solutions, Missiles and Fire Control, Mission
Systems and Training & Space Systems. The company has a number of
government contracts for defense and other products and services.
It was
announced by Governor Rick Scott that Lockheed Martin Corporation will be
expanding its mission systems & training-facility located in Orlando, this
will bring upto 200 jobs and will involve capital investment of around $80
million. Currently Lockheed Martin Corporation has about 7,000 employees and is
further expanding its operations. In March, the company has announced that it
will be investing $3 million to develop natural gas tanks for transportation
and storage. The company has plans to get into LNG business, which is a very
lucrative opportunity. Company already has started receiving orders and demand
is expected to go up further.
All
these things together makes Lockheed Martin
stock a very good investment. Lockheed
Martin stock price is $162.5,
with an EPS of 9.03. Company currently has a market capitalization of $52.25
billion. The company which is related to this sector named American Airline stock is
also showing good financial performance.
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