We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Lockheed's (LMT) Unit Wins $100M Deal for UH-60M Aircraft
Read MoreHide Full Article
Lockheed Martin Corp.’s (LMT - Free Report) business unit, Sikorsky Aircraft recently secured a modification contract for supplying 25 UH-60M Black Hawk aircraft to the Saudi Arabian National Guard. The deal is scheduled to be completed by Oct 31, 2024 and will be executed in Stratford, CT.
Valued at $100 million, this contract deal has been awarded by the U.S. Army Contracting Command, Redstone Arsenal, AL.
UH-60M Aircraft’s Specifics
The multi-mission UH-60M is the latest in the Black Hawk helicopter family and is more capable, survivable, maintainable, powerful and effective than its predecessors. The UH-60M has additional payload and range, advanced digital avionics, better handling qualities and situational awareness, active vibration control, improved survivability and offers improved performance using high-speed machined parts.
The aircraft is the primary medium lift helicopter for the U.S. Army, performing a wide range of missions that encompass Air Assault, MEDEVAC, CSAR, Command and Control, and VIP transport. The centerpiece of the UH-60M Black hawk helicopter is an advanced digital avionics suite that provides improved situational awareness and interoperability with the Future Combat System.
What Favors Lockheed Martin?
In recent times, military helicopters in the U.S. aerospace-defense market have gained prominence and significant traction due to advancements and integration of new tactical, logistical and other important features. Some of these developments can be attributed to Lockheed Martin, paving the way for securing valuable helicopter-related contracts in recent times.
Such contracts are indicative of solid revenue growth prospects of the company’s Rotary and Mission Systems (RMS) business segment, which comprises the Sikorsky helicopters. In fourth-quarter 2020, revenues at Lockheed Martin’s RMS unit increased a solid 8% year over year, with its Sikorsky helicopter programs being one of the primary growth contributors.
With the fiscal 2021 defense budget offering investment potential worth $57 billion in Aircraft, we expect Lockheed Martin’s RMS unit to receive consistent order flows from the Pentagon like the latest one. This, in turn, should lead to similar top-line growth for the unit in the coming days.
Helicopter Market Prospect
Looking ahead, the global attack helicopter market is estimated to witness CAGR of more than 4% during the 2020-2025 period, per the latest forecast made by market research firm, Mordor Intelligence. This indicates solid opportunities for renowned combat helicopter manufacturers like Lockheed Martin, Textron (TXT - Free Report) , Airbus (EADSY - Free Report) and Boeing (BA - Free Report) .
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Lockheed's (LMT) Unit Wins $100M Deal for UH-60M Aircraft
Lockheed Martin Corp.’s (LMT - Free Report) business unit, Sikorsky Aircraft recently secured a modification contract for supplying 25 UH-60M Black Hawk aircraft to the Saudi Arabian National Guard. The deal is scheduled to be completed by Oct 31, 2024 and will be executed in Stratford, CT.
Valued at $100 million, this contract deal has been awarded by the U.S. Army Contracting Command, Redstone Arsenal, AL.
UH-60M Aircraft’s Specifics
The multi-mission UH-60M is the latest in the Black Hawk helicopter family and is more capable, survivable, maintainable, powerful and effective than its predecessors. The UH-60M has additional payload and range, advanced digital avionics, better handling qualities and situational awareness, active vibration control, improved survivability and offers improved performance using high-speed machined parts.
The aircraft is the primary medium lift helicopter for the U.S. Army, performing a wide range of missions that encompass Air Assault, MEDEVAC, CSAR, Command and Control, and VIP transport. The centerpiece of the UH-60M Black hawk helicopter is an advanced digital avionics suite that provides improved situational awareness and interoperability with the Future Combat System.
What Favors Lockheed Martin?
In recent times, military helicopters in the U.S. aerospace-defense market have gained prominence and significant traction due to advancements and integration of new tactical, logistical and other important features. Some of these developments can be attributed to Lockheed Martin, paving the way for securing valuable helicopter-related contracts in recent times.
Such contracts are indicative of solid revenue growth prospects of the company’s Rotary and Mission Systems (RMS) business segment, which comprises the Sikorsky helicopters. In fourth-quarter 2020, revenues at Lockheed Martin’s RMS unit increased a solid 8% year over year, with its Sikorsky helicopter programs being one of the primary growth contributors.
With the fiscal 2021 defense budget offering investment potential worth $57 billion in Aircraft, we expect Lockheed Martin’s RMS unit to receive consistent order flows from the Pentagon like the latest one. This, in turn, should lead to similar top-line growth for the unit in the coming days.
Helicopter Market Prospect
Looking ahead, the global attack helicopter market is estimated to witness CAGR of more than 4% during the 2020-2025 period, per the latest forecast made by market research firm, Mordor Intelligence. This indicates solid opportunities for renowned combat helicopter manufacturers like Lockheed Martin, Textron (TXT - Free Report) , Airbus (EADSY - Free Report) and Boeing (BA - Free Report) .
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>