Lockheed Martin Corporation (NYSE:LMT) introduced Advanced EOTS, an evolutionary electro-optical targeting system, which is available for the F-35’s Block 4 development.
Designed to replace EOTS, the F-35’s current electro-optical targeting system, Advanced EOTS incorporates a wide range of enhancements and upgrades, including short-wave infrared, high-definition television, an infrared marker and improved image detector resolution. These enhancements increase F-35 pilots’ recognition and detection ranges, enabling greater overall targeting performance.
“In today’s environment, threats to our warfighters continue to evolve,” said Paul Lemmo, vice president of Fire Control/SOF CLSS at Lockheed Martin Missiles and Fire Control. “With significant capability and performance enhancements, Advanced EOTS ensures that F-35 pilots can stay ahead of these threats, detecting targets faster and at greater distances while remaining unseen.”
Due to its similarity in shape and size to EOTS, Advanced EOTS can be installed with minimal changes to the F-35’s interface. It will be housed behind the same low-drag window, maintaining the F-35’s stealthy profile. Advanced EOTS production will be completed on the current EOTS line.
Advanced EOTS and EOTS are the first sensors to combine forward-looking infrared and infrared search and track functionality to provide precise air-to-air and air-to-ground targeting capability. Advanced EOTS was developed jointly through significant Lockheed Martin and supplier investment, with team members drawing on proven experience in electro-optical sensor design and manufacturing. (Original Source)
Shares of Lockheed Martin closed yesterday at $204.66 . LMT has a 1-year high of $213.34 and a 1-year low of $166.28. The stock’s 50-day moving average is $204.82 and its 200-day moving average is $195.82.
On the ratings front, Lockheed Martin has been the subject of a number of recent research reports. In a report issued on August 20, Sterne Agee CRT analyst Peter Arment upgraded LMT to Buy, with a price target of $252, which represents a potential upside of 23.1% from where the stock is currently trading. Separately, on August 19, Citigroup’s Timothy Thein maintained a Buy rating on the stock and has a price target of $232.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Peter Arment and Timothy Thein have a total average return of 9.7% and 1.4% respectively. Arment has a success rate of 59.6% and is ranked #582 out of 3752 analysts, while Thein has a success rate of 40.0% and is ranked #2189.
Overall, 3 research analysts have assigned a Hold rating and 3 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $224.40 which is 9.6% above where the stock closed yesterday.
Lockheed Martin Corp is a security and aerospace company. The Company isengaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.