Lockheed Martin (NYSE:LMT) Wins $66m Army Research Contract

Lockheed Martin (NYSE:LMT) has won a $66 million contract to set up an Army Research Institute.

Lockheed Martin (NYSE:LMT) Wins $66m Army Research Contract

Lockheed Martin (NYSE:LMT), the US defense contractor, has received a six year contract from the US Army Engineering and Support Center to support Army Medical Research Institute of Infectious Diseases Replacement Laboratory.

As part of the $66 million contract, the company will transfer personnel and equipment to the new facility at Fort Detrick.

Lockheed Martin (NYSE:LMT)’s Global Training and Logistics business’ vice president for technical services June Shrewsbury said, “Standing up a research environment is a complex undertaking requiring expertise in medical outfitting and transition. Our support will help researchers advance scientific discoveries that will protect Americans from infectious diseases”.

Lockheed Martin (NYSE:LMT) stocks were at 83.17 at the end of the last day’s trading. There’s been a 12.1% change in the stock price over the past 3 months.

Lockheed Martin (NYSE:LMT) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.85
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.58
Zack’s Rank: 2 out of 8 in the industry