(LMT) Lockheed Martin and Japan in Detector Deal

Lockheed Martin Corporation (LMT) has received a $22.4 million order for the delivery of 19 AbleSentry systems from the Japan Ministry of Defense. Along with its trading partner ITOCHU Corporation, the company will supply AbleSentry systems that are capable of giving early warning for attacks.

AbleSentry systems are simple to deploy and operate and are designed for the tactical battlefield. It features a sophisticated detection algorithm that facilitates in advanced chemical, biological, and radiological detection. The system’s array of networked remote sensors minimizes the potential for false alarms. Also, each remote sensor measures wind speed and direction, temperature, humidity, location data and collects an air sample for subsequent biological agent confirmation and identification.

Lockheed Martin is the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders from a leveraged presence in the Army, Air Force, Navy and IT programs. This new AbleSentry system is an advanced version of Lockheed’s Biological Aerosol Warning System and Enhanced Biological Aerosol Warning System platforms.

Going forward, we expect the company to benefit from a strong defense focus on a number of its platform programs, such as the C-130 Hercules & C-5 Galaxy transport aircrafts, F-16 Fighting Falcon multi-role jet, the Advanced Extremely High Frequency & the Global Positioning Satellite III system satellites, the Littoral Combat Ship, and the Terminal High Altitude Area Defense system.

However, we expect these positives to be dampened by the impact of the Euro-crisis on U.S. economic fundamentals resulting in higher risks of defense budget cuts.  The company presently retains a short-term Zacks #3 Rank (Hold) that corresponds with our long-term Neutral recommendation on the stock.

Along with its peer, Raytheon Company (RTN), Lockheed is expected to release its earnings on April 26, 2012. The Zacks Consensus Estimates for Lockheed for first quarter 2012 and fiscal 2012 are currently at $1.70 per share and $7.86 per share, respectively.

Based in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

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