This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at firstname.lastname@example.org or call 800-767-3771 ext. 9339.
For Immediate Release
Chicago, IL – January 16, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Lockheed Martin Corporation(LMT - Analyst Report), General Dynamics Corporation(GD - Analyst Report), Honeywell International Inc. Co.(HON - Analyst Report) and Alliant Techsystems Inc.(ATK - Analyst Report).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday’s Analyst Blog:
Lockheed Leads GPS Satellite Deal
Lockheed Martin Corporation(LMT - Analyst Report) has received a $238 million contract from the U.S Air Force for the production of the third and fourth satellites for Global Positioning System (“GPS III”), the next-generation GPS constellation. The Air Force plans to build up to 32 GPS III satellites.
Global Positioning System is the global standard system designed to provide accurate, reliable, continuous, free worldwide positioning, navigation and timing (“PNT”) services.
Per the contract, the old GPS satellites will be replaced by two more satellites that have the capability to meet the current and future needs of military, commercial and civilian users worldwide. With the advanced anti-jamming power, GPS III satellites have the capability to improve the spacecraft's design life and add a new civil signal designed to be interoperable with international global navigation satellite systems.
Moreover, the simultaneous installation of both these satellites will allow the Lockheed Martin-led team to maximize efficiencies in satellite manufacturing. The GPS III program is one its best moves and the first space vehicle is progressing on schedule.
Lockheed Martin is the GPS III prime contractor. The majority of the operational GPS constellation and the highly reliable GPS spacecraft are being built by the Lockheed Martin team. The team is successful in making the satellites exceed 140 cumulative operational years on-orbit with a reliability record of better than 99.9%.
The co-workers that manage and operate the GPS constellation are ITT Exelis,General Dynamics Corporation(GD - Analyst Report), Infinity Systems Engineering,Honeywell International Inc. Co.(HON - Analyst Report),Alliant Techsystems Inc.(ATK - Analyst Report) and other subcontractors and Air Force Space Command's 2nd Space Operations Squadron (2SOPS), based at Schriever Air Force Base, Colorado.
The company had received an initial contract to build the first two GPS III satellites in May 2008. With the current contract, the Lockheed Martin team has the responsibility to deliver four GPS III space vehicles. It has received the core structure for the first GPS III satellite and is proceeding with assimilating it with the space vehicle's flight propulsion subsystem. The integrated core propulsion module will be dispatched to Lockheed’s GPS Processing Facility (“GPF”) by summer 2012 and will then undergo final assembly, integration and test to meet its scheduled launch in 2014.
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. It 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 expect its shareholder return to continue to be shored up by the company’s focus on debt repayment, its ongoing share repurchase program and the incremental dividend.
However, we are concerned about the U.S. economic fundamentals that increase the risk for further cutbacks in defense budgets. The company presently retains a short-term Zacks #4 Rank (Sell). We have a long-term Neutral recommendation on the stock.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Please login to Zacks.com or register to post a comment.