Topping the list of top US federal contractors at over $35 billion (followed by Boeing at over $19 billion) in the fiscal year of 2010, Lockheed Martin continues to lead in global aerospace, defense, and security. Headquartered at Bethesda, MD, right outside Washington DC, Lockheed Martin recently secured a Japanese order of 42 F-35 fighter planes. Looking to modernize their fighter fleets, the Japanese will replace the Boeing F-4s, which were last assembled in 1981. It will cost $114 million for each of the first four units.
Stocks for Lockheed Martin currently trade at 80.87. Financial statements of the company include its strong health. The company secured over $500 million of net income in each quarter for the past year. Total equity has hovered around $3 billion during the same time. In terms of cash flow, although there have been a few years recently with negative net cash flows, quarterly data show drastic increase in cash amounts for the first 9 months of 2011. Cash levels hover around 9.4% as of Q3-2011. The current level is around 1.2, indicating that it has more current assets than current liabilities.
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