Lockheed Martin revenue likely to exceed 2012 levels by 2016, says Bernstein Bernstein believes that Lockheed Martin is in a relatively strong position compared with other major U.S. defense companies. The firm expects the company to benefit from F-35 sales in 2016-2017, and strong current demand from Middle Eastern countries. Bernstein keeps a $168 price target and Outperform rating on the stock.
U.S. Navy accepts MUOS-2 satellite, ground stations after on-orbit testing Lockheed Martin has completed on-orbit testing of the second Mobile User Objective System satellite and handed over spacecraft operations to the U.S. Navy. The handover also includes acceptance of three MUOS ground stations that will relay voice and high-speed data signals for mobile users worldwide. The Naval Satellite Operations Center will soon begin relocation operations to place MUOS-2 in its operational slot. There, it will undergo testing and evaluation prior to formal government commissioning in 2014.