Blog Coverage Lockheed Martin and Boeing Joint Venture Signs Agreement with US Air Force Space And Missile Systems Center

LONDON, UK / ACCESSWIRE / October 3, 2016 / Active Wall St. blog coverage looks at the headline from The Boeing Company (NYSE: BA) and Lockheed Martin Corp. (NYSE: LMT). United Launch Alliance (ULA) and the US Air Force Space and Missile Systems Center signed a Cooperative Research and Development Agreement (CRADA) to begin the certification process for the company’s new Vulcan Centaur launch vehicle. Formed in December 2006, ULA is a 50-50 joint venture owned by Lockheed Martin Corp. and The Boeing Company. Register with us now for your free membership and blog access at: http://www.activewallst.com/register/.

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The Agreement

“Our Vulcan Centaur rocket will revolutionize spaceflight and provide affordable, reliable access to space,” said Tory Bruno, ULA president and CEO, “We look forward to collaboratively working through the certification process with the Air Force.”

The agreement will allow the Space and Missile Systems Center evaluations according to the Air Force’s New Entrant Certification Guide, which comprises of monitoring at least two certification flights.

The Vulcan Centaur rocket design leverages the proven success and the Delta IV and Atlas V launch vehicles, while introducing innovative new technologies and features. This high-capable new rocket will serve a diverse range of market including commercial, civil, and national security space customers. The Vulcan is intended to replace the Atlas V launcher used for many military satellites, and to make launches less expensive by employing reusable components.

ULA’s new launch vehicle will feature a 5.4-meter-diameter first stage booster, either a 4- or 5-meter fairing, and up to six Orbital ATK solid rocket motors.

“The new rocket will offer greater performance than our current fleet of rockets at less than half the historical prices for our customers,” said Bruno. The ULA team completed the vehicle’s Preliminary Design Review in July 2016 and is on schedule to fly the inaugural flight test of the Vulcan Centaur in 2019.

Lockheed Bags Multiple Contracts

Apart from the ULA certification, on September 30th, 2016, The Minister for Defence, Senator Marise Payne, and the Minister for Defence Industry, Christopher Pyne, announced that Lockheed Martin Australia has been selected as the preferred Combat System Integrator for Australia’s Future Submarine Program, subject to further discussion on commercial matters. “Lockheed Martin Australia will be our Combat System Integrator to partner with Defence and DCNS to design and integrate the combat system of our Future Submarine, which meets our unique capability requirements.”

On the same day, Lockheed Martin was awarded $24.38 million for modification P00003 under a previously awarded fixed-price-incentive-firm contract (N00019-16-C-0004) for procurement of three full mission simulators for the Air Force in support of F-35 Lightning II Joint Strike Fighter aircraft.

Stock Performance

Last Friday, the stock closed the trading session at $131.74, climbing 0.54% from its previous closing price of $131.03. A total volume of 3.12 million shares have exchanged hands. Boeing’s stock price advanced 1.77% in the last month, 2.42% in the past three months, and 6.00% in the previous six months. Furthermore, in the past twelve months, shares of the company have gained 4.12%. The stock is trading at a PE ratio of 24.19 and has a dividend yield of 3.31%.

Lockheed Martin’s share price finished yesterday’s trading session at $239.72, sliding 1.08%. A total volume of 2.17 million shares exchanged hands. The stock has advanced 8.42% and 20.46% in the last six months and past twelve months, respectively. Furthermore, since the start of the year, shares of the company have gained 12.75%. The stock is trading at a PE ratio of 19.94 and has a dividend yield of 2.75%.

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