Company Update (NYSE:LMT): Presidential Helicopter Replacement Program Achieves Milestone

[PR Newswire] – STRATFORD, Conn., July 25, 2016 /PRNewswire/ — Lockheed Martin (LMT) today announced the successful execution of the VH-92A Presidential Helicopter Replacement Program Critical Design Review (CDR), signaling the program is ready to proceed to assembly, test and evaluation. “This milestone is an important achievement for our program and demonstrates Sikorsky and NAVAIR are well aligned,” said Spencer Elani, Sikorsky director, VH-92A helicopter program. The U.S. Navy awarded a $1.24 billion fixed-price incentive Engineering and Manufacturing Development (EMD) contract with production options to Sikorsky on May 7, 2014, for 21 operational and two test aircraft. Read more on this. , currently valued at $ttp://finance.ya, finished at $. Today’s price range has been between $ per share with the price of the stock fluctuating between $ over the last 52 weeks. LMT shares are currently priced at x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s x forward p/e ratio. Consensus earnings for the current quarter by the 0 sell-side analysts covering the stock is an estimate of $ per share, which would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $ is a $0.00 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $0.00 . If realized, that would be a 0.00% decrease over the year-ago quarter. Recently, d LMT from to (). Previously, d LMT from to . The average price target for LMT shares by the analysts covering it is $, which is 0.00% below where the stock opened. See more in (NYSE:LMT) Similar Articles: Stock Update (NYSE:LMT): Sikorsky and Babcock Sign 10-Year Support Agreement for S-92® Helicopter Market Update (NYSE:LMT): Second CH-53K Helicopter Joins Flight Test Program Market Update: Lockheed Martin Corporation (NYSE:LMT) – Sikorsky Recognizes Bristow for Outstanding S-92® Helicopter Rescue Accomplishments