Defense major
Lockheed Martin Corporation
(
LMT
) received a contract from the U.S. Navy for continuing the
development work of Infrared Search and Track ("IRST") sensor
system for the U.S. Navy F/A-18E/F.
In a combat, the ability to strike first accurately holds the
key to success. Lockheed's IRST sensor system has given that edge
to the defense department. The system developed by Lockheed
significantly improves raid cell count and is 40 times more
accurate than the conventional radar system.
The technology used to develop the IRST system has enabled it to
track down multiple targets over a large area at a single go and
the sensor continues to perform at a consistent level despite the
electronic attack or jamming of radars. The size of the sensor
system enables it to be mounted in various locations, from a
conformal fuselage mount to a pylon.
These attributes have made the IRST sensor system a significant
catalyst and helped in the improvement of performance of the
overall weapon systems. This system is already in use in the
F-14 platform and a production line is dedicated to deliver units
to international variants of the F-15. The company has also roped
in another defense behemoth
Boeing Co.
(
BA
) to develop an IRST capability for the U.S. Air Force F-15C.
We believe the new contract from the U.S. Navy to continue with
further development points towards the fact that IRST sensor system
is becoming an integral part of the air-to-air combat missions.
This system equips fighter jet pilots with more options in the
combat zone and safeguards the jets on which millions of dollars of
tax payers' money are invested.
Lockheed currently retains a Zacks #3 Rank, which translates
into a short-term Hold rating. The company primarily competes with
The Boeing Co
.
,
Northrop Grumman Corporation
(
NOC
) and
Raytheon Co.
(
RTN
), all of which presently have Zacks # 3 ranks (short-term
Hold).
Based in Bethesda, Maryland, Lockheed Martin is a global
security company that is principally engaged in the research,
design, development, manufacture, integration and sustainment of
advanced technology systems, products and services.
BOEING CO (
BA
): Free Stock Analysis Report
LOCKHEED MARTIN (
LMT
): Free Stock Analysis Report
NORTHROP GRUMMN (
NOC
): Free Stock Analysis Report
RAYTHEON CO (
RTN
): Free Stock Analysis Report
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