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Company Update: Lockheed Martin Corporation (NYSE:LMT) – Cool Technology Turns Down the Heat on High-Tech Equipment

[PR Newswire] – Lockheed Martin is working with the Defense Advanced Research Projects Agency (DARPA) Microsystems Technology Office (MTO) on its ICECool-Applications research program that could ultimately lead to a lighter, faster and cheaper way to cool high-powered microchips – by cooling the chips with microscopic drops of water. This technology has applications in electronic warfare, radars, high-performance computers and data servers. A core team of Lockheed Martin engineers is working on a solution to meet the goal of DARPA’s Inter/Intra Chip Enhanced Cooling (ICECool) program: to enhance the performance of RF MMIC power amplifiers and embedded high performance computing systems through chip-level heat removal techniques. Read more on this. Lockheed Martin Corporation (LMT) , currently valued at $65.26B, started the session at $213.95. Today’s price range has been between $210.90 and $215.44 per share with a one year range of $181.91 to $227.91. LMT shares are currently priced at 18.29x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 30.57x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $6.60 per share annually in dividends, yielding 3.02%. According to a consensus of 17 analysts, the earnings estimate of $2.60 per share would be $0.14 worse than the year-ago quarter and a $0.18 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $11.80, which would be a $0.96 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.32 Billion. If reported, that would be a 11.97% increase over the year-ago quarter. More recently, Guggenheim Initiated LMT at Buy (Jan 20, 2016). Previously, RBC Capital Mkts upgraded LMT from Sector Perform to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $235.57, which is 10.11% above where the stock opened this morning. See more in (NYSE:LMT) Similar Articles: Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin Receives $528 Million THAAD Missile-Defense Contract Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin IT Business Achieves CMMI® Level 5 Company Update: Lockheed Martin Corporation (NYSE:LMT) – Lockheed Martin’s Space Fence Program Completes Critical Design Review
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