Following the completion of successful on-orbit testing, on Nov. 30, the U.S. Navy accepted the fourth Lockheed Martin Corporation (NYSE:LMT) built Mobile User Objective System (MUOS) satellite.
Launched Sept. 2, MUOS-4 is the latest addition to a network of orbiting satellites and relay ground stations that is revolutionizing secure communications for mobile military forces. Users with operational MUOS terminals can seamlessly connect beyond line-of-sight around the world and into the Global Information Grid. MUOS’ new commercial, cellular-based capabilities include simultaneous, crystal-clear voice, video and mission data, over a secure high-speed Internet Protocol-based system.
“MUOS-4 completes the initial constellation, providing the MUOS network with nearly global coverage. Mobile forces, equipped with MUOS terminals, will soon be able to communicate with each other – including voice, data and exchanging imagery – real-time, virtually anywhere on the Earth,” said Iris Bombelyn, Lockheed Martin’s vice president for Narrowband Communications. “This is a tremendous upgrade in communications capabilities over what currently exists for our nation and our allies.”
MUOS-4 will be relocated in Spring 2016 to its on-orbit operational slot in preparation for operational acceptance. The satellite joins MUOS-1, MUOS-2 and MUOS-3, launched respectively in 2012, 2013 and January 2015, and four required MUOS ground stations. MUOS-5, an on-orbit spare, also will be launched next year.
Once fully operational, the MUOS network will provide 16 times the capacity of the legacy ultra high frequency communications satellite system, which it will continue to support, and eventually replace. More than 55,000 currently fielded radio terminals can be upgraded to be MUOS-compatible, with many of them requiring just a software upgrade. (Original Source)
Shares of Lockheed Martin closed yesterday at $218.94, down $1.26 or -0.57%. LMT has a 1-year high of $227.91 and a 1-year low of $181.91. The stock’s 50-day moving average is $216.87 and its 200-day moving average is $202.56.
On the ratings front, Lockheed Martin has been the subject of a number of recent research reports. In a report issued on November 30, Barclays analyst Carter Copeland downgraded LMT to Sell, with a price target of $210, which represents a slight downside potential from current levels. Separately, on November 5, Deutsche Bank’s Myles Walton maintained a Hold rating on the stock and has a price target of $220.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Carter Copeland and Myles Walton have a total average return of 13.4% and 8.8% respectively. Copeland has a success rate of 71.6% and is ranked #165 out of 3642 analysts, while Walton has a success rate of 70.1% and is ranked #210.
Overall, one research analyst has rated the stock with a Sell rating, 4 research analysts have assigned a Hold rating and one research analyst has given a a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $220.20 which is 0.6% above where the stock closed yesterday.
Lockheed Martin Corp is a security and aerospace company. The Company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.