Lockheed Martin May Capture $2 Billion in New Project

Lockheed Martin (NYSE:LMT) has signed a new contract with the U.S. Antarctic Program worth up to $2 billion. The firm says it will create infrastructure for maintaining medical facilities and work stations, research vessels and construction projects in and around Antarctica.

“Lockheed Martin is proud to work with more than 3,000 program participants involved in valuable research in Antarctica,” commented Linda Gooden, executive vice president of Lockheed Martin’s Information Systems & Global Solutions (IS&GS) business. “We have a longstanding history of supporting customers in remote locations and logistically challenging environments and are committed to fostering scientific and technological innovations that will benefit the world.”

Here’s how top Defense Contractor shares are reacting to the news:

Lockheed Martin Corporation (NYSE:LMT): LMT shares recently traded at $81.21, down $0.11, or 0.14%. They have traded in a 52-week range of $66.36 to $82.43. Volume today was 427,244 shares versus a 3-month average volume of 2,450,650 shares. The company’s trailing P/E is 9.50, while trailing earnings are $8.55 per share.

Northrop Grumman Corporation (NYSE:NOC): NOC shares recently traded at $58.36, down $0.5, or 0.85%. They have traded in a 52-week range of $49.20 to $72.50. Volume today was 625,319 shares versus a 3-month average volume of 2,246,980 shares. The company’s trailing P/E is 8.69, while trailing earnings are $6.72 per share.

Raytheon Co. (NYSE:RTN): RTN shares recently traded at $48.61, down $0.01, or 0.02%. They have traded in a 52-week range of $38.35 to $53.12. Volume today was 912,377 shares versus a 3-month average volume of 2,586,380 shares. The company’s trailing P/E is 9.95, while trailing earnings are $4.89 per share.

General Dynamics Corp. (NYSE:GD): GD shares recently traded at $66.15, down $0.41, or 0.62%. They have traded in a 52-week range of $53.95 to $78.27. Volume today was 547,954 shares versus a 3-month average volume of 1,977,650 shares. The company’s trailing P/E is 9.31, while trailing earnings are $7.11 per share.

L-3 Communications Holdings Inc. (NYSE:LLL): LLL shares recently traded at $66.89, down $0.34, or 0.51%. They have traded in a 52-week range of $58.30 to $88.55. Volume today was 189,098 shares versus a 3-month average volume of 846,205 shares. The company’s trailing P/E is 7.67, while trailing earnings are $8.72 per share.

To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com