Even asLockheed Martin 's (
) F-35 stealth fighter sets flight-test milestones, the defense
contractor is busy securing space contracts.
The Navy on Monday successfully test-launched from a submarine
two missiles built by Lockheed. That marked the 150th successful
test launch and set a new reliability record for large ballistic
missiles, according to the aircraft and defense gear maker.
This week, Lockheed is slated to deliver an F-16 fighter jet
to Iraq, the first of 36 the country ordered in 2011 and
On Monday, the Bethesda, Md.-based company landed a $914.7
million contract from the Department of Defense to track space
junk for the U.S. Air Force's Space Fence program. It defeated
), which had also bid for the contract.
Late last month Lockheed said it's buyingAstrotech 's (
) Space Operations business, which provides satellite launch
preparation services, for $61 million.
Lockheed, which has paid a quarterly dividend since 1995,
announced in April its latest quarterly payout of $1.33 a share.
That amounts to $5.32 for the year, or a 3.2% yield, outpacing
the S&P 500's 1.88%.
Annual earnings per share have risen the past four years, with
analysts expecting a 10% gain this year and 6% in 2015. Its
five-year Earnings Stability Factor of 4 on a scale of 0 (most
stable) to 99 (least stable) reflects that steady growth.
Sales dipped 4% last year due to sequestration -- government
spending cuts -- following five years of low-single-digit gains.
Consensus estimates call for a 1% decline this year and next. The
defense contractor's sales are heavily dependent on a single
customer: The U.S. government accounted for 82% of its revenue in
The stock has been forming a flat base since Feb. 24, when it
marked a new high. The potential buy point is 168.51. Shares
soared 61% last year, vs. the S&P 500's 30% gain.