Lockheed Martin Jets Panned by German Defense Ministry

As reported by Barrons today: "Germany's defence ministry has raised serious concerns about the planned purchase of US-made F-35 fighter jets, part of the country's military modernisation drive, according to documents seen by AFP." You can read more about it here. Lockheed Martin rose 2.6% on Friday to $496.23 per share, but the loss of a potential export client may cause declines on Monday.

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company belongs to the Industrials sector, which has an average price to earnings (P/E) ratio of 21.46 and an average price to book (P/B) ratio of 3.7. In contrast, Lockheed Martin has a trailing 12 month P/E ratio of 22.8 and a P/B ratio of 10.8.

Lockheed Martin has moved 46.0% over the last year compared to -11.3% for the S&P 500 -- a difference of 57.3%. Lockheed Martin has a 52 week high of $498.95 and a 52 week low of $333.42. At today's price of $496.23 per share, Lockheed Martin is 7.23% away from its target price of $462.76, and on average, analysts give the stock a rating of hold.1.6% of the company's shares are linked to short positions, and 76.3% of the shares are owned by institutional investors.

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