Lockheed Martin President Cashes This Amount of Stock Ahead of Closing 2011 Books

Lockheed Martin is buzzing across business news headlines today after signing a new agreement with the U.S. Antarctic Program worth up to $2 billion. After doing some further research on the company, we noticed record of a top executive’s company stock trading activity. Recently, Christopher E Kubasik who is President & COO at Lockheed Martin Corporation (NYSE:LMT), sold 50,000 shares of the company’s stock on December 21st at $78.99 per share for a total value of $3,949,535. In the past 3 months of trading, Lockheed Martin’s stock is up over 10% so it’s possible Mr.s Kubasik is just taking profits at a time when the company’s stock price is very strong in 2011.

LMT shares are currently trading at $81.17, up $2.18, or 2.75% since the insider sale. Lockheed Martin Corporation is a global security company that primarily researches, designs, develops, manufactures, and integrates advanced technology products and services. The Company’s businesses span space, telecommunications, electronics, information and services, aeronautics, energy, and systems integration. Lockheed Martin operates worldwide.

Competitors to Watch: Astrotech Corp. (NASDAQ:ASTC), The Boeing Company (NYSE:BA), Northrop Grumman Corp. (NYSE:NOC), General Dynamics Corp. (NYSE:GD), Alliant Techsystems Inc. (NYSE:ATK), Raytheon Company (NYSE:RTN)

(Note: Selected financial data are sourced from publicly available SEC filings. All data are assumed to be accurate.)

Further Reading: Lockheed Martin May Capture $2 Billion in New Project>>

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