Leidos To Combine With Lockheed Martin Information Systems & Global Solutions Business (IS&GS)
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RBC Capital Reiterates Outperform Following Lockheed Martin's (LMT) 4Q and Announced Leidos Combination
January 27, 2016 7:19 AM ESTRBC Capital maintained an Outperform rating on Lockheed Martin (NYSE: LMT), and cut the price target to $244.00 (from $250.00), following the company's 4Q earnings report. Lockheed Martin posted 4Q15 EPS of $3.01, ahead of consensus at $2.94. In conjunction with the 4Q results, Lockheed announced... More
Lockheed Martin (LMT) Tops Q4 EPS by 7c; Offers FY16 Outlook
January 26, 2016 7:05 AM ESTLockheed Martin (NYSE: LMT) reported Q4 EPS of $3.01, $0.07 better than the analyst estimate of $2.94. Revenue for the quarter came in at $12.9 billion versus the consensus estimate of $12.36 billion.
GUIDANCE:
Lockheed Martin sees FY2016 EPS of $11.45-$11.75. Lockheed Martin sees FY2016... More
Lockheed Martin (LMT) Will Separate, Combine IS&GS Unit with Leidos (LDOS)
January 26, 2016 7:04 AM ESTLockheed Martin (NYSE: LMT) has entered into a definitive agreement to separate and combine its realigned Information Systems & Global Solutions (IS&GS) business segment with Leidos Holdings, Inc. (NYSE: LDOS) in a tax-efficient Reverse Morris Trust transaction, unlocking $5 billion in estimated enterprise value for Lockheed Martin stockholders.
"This strategic transaction is an important milestone in the portfolio reshaping strategy we announced in July 2015 and allows us to focus on our core business in aerospace and defense," said Lockheed Martin Chairman,... More
