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Technology Stocks : LOCKHEED MARTIN, (LMT) -- Ignore unavailable to you. Want to Upgrade?

To: pcyhuang who wrote (624)	1/19/2000 6:52:00 PM
From: Ralph M. Pree	Respond to of 732

Thanks for the link. I love the upside potential vs. the downside risk of LMT. RMP

To: pcyhuang who wrote (624)	2/22/2000 12:01:00 AM
From: Dale Stempson	Respond to of 732

LOCKHEED MARTIN'S CHANGE OF COURSE PAYS OFF: Last week's legislative deal allowing Lockheed Martin Corp. to move forward in acquiring Comsat Corp. may signal more than just the resolution of a nagging issue. It also hints at the extent to which America's biggest defense contractor has begun repairing its tattered reputation on Capitol Hill. Beginning in early 1998 when federal regulators refused to let Lockheed Martin buy Northrop Grumman Corp., the Bethesda-based company seemed to have lost its political bearings. It didn't help that gregarious chairman Norman R. Augustine retired and was replaced by a taciturn engineer, Vance D. Coffman, who had no enthusiasm for glad-handing. Then the company suffered failures on space launches and a series of financial downturns, damaging its once-proud public image. Early last year, sources said, the decay had spread to the Senate, where Majority Leader Trent Lott (R-MS) upbraided Coffman about blunders on the company's THAAD Army missile program. The lowest point came last summer when Rep. Jerry Lewis (R-CA) nearly gutted the company's top military program, the F-22 fighter plane. Again, Coffman found himself at odds with a key legislator, getting into a heated exchange in Lewis's office. Lockheed Martin "was so preoccupied with its own internal issues and bureaucratic concerns that it seemed to lose touch with its customers and its business environment," said Loren Thompson, a defense consultant and director of the Lexington Institute think tank. According to several who saw the company's campaign to win support for the Comsat deal on Capitol Hill, Lockheed Martin made a bad first impression. "They were like, 'We're big. We want. We get,' " said one congressional staffer. But Lockheed Martin had to have a victory, and went all out to get one. Brian Dailey began 1999 as chief operating officer of Lockheed Martin Global Telecommunications, the venture formed to absorb Comsat. After the F-22 debacle, Coffman put Dailey in charge of the company's Washington operations. He was key in both roles. In 1999, Lockheed Martin hired more than three dozen outside lobbyists to work on the Comsat issue in Congress, according to registration forms. The majority leader was a particular target. The company hired one former Lott staffer and listed his task on a registration form as "Identify business relationships for (Lockheed Martin Global Telecommunications) in Mississippi that will benefit the state." It donated $9,000 to Lott's 2000-campaign fund, according to the Center for Responsive Politics. Thompson, the defense consultant, said the company seems to have learned from its nadir last summer. "I think Coffman in particular has put a lot of emphasis on improving congressional relations, and the outcome of this very difficult Comsat case suggests that all his efforts are beginning to pay off," he said. (Washington Post -- 2/21) ____________________ Regards - Dale

To: pcyhuang who wrote (624)	2/22/2000 1:40:00 AM
From: Dale Stempson	Respond to of 732

More positive press today: Monday February 21, 11:03 am Eastern Time Fighter aircraft sales seen worth $136 bln to 2010 SINGAPORE, Feb 22 (Reuters) - Sales of fighter aircraft, depressed in the late 1990s, are set to grow again and reach $136 billion over the coming decade, an industry consultancy said on Tuesday. ``After several false starts, we expect the market to turn healthy again before the second half of our forecast period (2000 to 2009),' the Teal Group consultancy said in a statement. ``The annual value of fighter production will double by 2005.' Teal expects 2,932 fighter and attack aircraft will be built between 2000 and 2009. Although that would be far fewer than the 4,445 built in the 1990s, the value of the average aircraft is rising. So this decade's production would be worth $136 billion in 2000 U.S. dollars, compared with the 1990s' $153 billion. But the big loser in terms of market share would be Boeing (NYSE:BA - news), Teal said, estimating that the U.S. industry giant would produce 16 percent of all fighters built in 2009, compared with 40 percent in 1999. Boeing in 1997 absorbed McDonnell Douglas Corp, which was for decades the West's leading fighter maker. Boeing still builds two McDonnell fighters but production of one of them, the F-15 Eagle, is winding down, with few orders in hand. The other is the F/A-18E/F Super Hornet. The market share of Boeing would rise significantly if South Korea chose to buy the F-15, a contender in that country's current fighter competition, Teal said. The West's other leading fighter makers are: Lockheed Martin Corp (NYSE:LMT - news), which builds the F-16 and F-22; Dassault Aviation of France, which builds the Mirage 2000 and Rafale; and the Eurofighter consortium of European firms BAE Systems Plc (quote from Yahoo! UK & Ireland: BA.L), DaimlerChrysler Aerospace (NYSE:DCX - news), Finmeccanica and Casa which collectively build the Typhoon. Russia's fighter firms are Sukhoi and MiG. In Asia Teal saw opportunities especially in South Korea and Taiwan, which flies F-16s and Mirage 2000s. "We expect a Taiwainese F-16 follow-on buy just as soon as it is politically feasible. A Mirage follow-on buy is possible, too. ``After these, Taiwan will buy something heavier or possibly an export-version F-22.' Specifications of the Lockheed F-22, still in development, promise to make it by far the world's most effective fighter. Extremely difficult to detect with radar, some analysts think it is so far ahead of the competition that the United States will not sell it to other countries, even in a special export version that is less effective. And the U.S. congress has not yet committed the F-22 to production. Teal said the F-22 was a likely Taiwanese buy only if U.S.-Chinese relations deteriorated. "Barring that, they'll probably get Rafales." Malaysia operates MiG-29s and Teal said it might buy a few more. The consultancy's estimates included all non-Chinese combat aircraft with a take-off mass of more than nine tonnes. The figures do not, therefore, include light attack and training aircraft. ______________________________ Regards - Dale

To: pcyhuang who wrote (624)	3/6/2000 2:02:00 AM
From: pcyhuang	Read Replies (1) \| Respond to of 732

Increase this year's sales by $500 million The following article from the NY times indicates that the transaction would increase LMT's sales this year by $500-$600 million. -- March 6, 2000 Lockheed Deal to Sell F-16's By BLOOMBERG NEWS WASHINGTON, March 5 -- The Lockheed Martin Corporation, the world's No. 1 military contractor, has signed a contract worth $6.4 billion to sell 80 advanced F-16 fighter jets to the United Arab Emirates, the company announced today from Abu Dhabi, the capital of the United Arab Emirates. The contract concludes nearly two years of negotiations between Lockheed, the Air Force and the United Arab Emirates. It is a huge lift in an otherwise bleak 12 months for Lockheed, whose stock has plunged 54 percent in that time. The contract for the new Block 60 model F-16's is subject to Congressional approval, but it is unlikely the contract will be blocked. The Defense Department and Air Force have met no sustained political opposition during at least six extensive briefings they have conducted on Capitol Hill since 1998. The contract will add to Lockheed's backlog of $49.9 billion and increase this year's sales by $500 million to $600 million, said Byron Callan, a military analyst for Merrill Lynch & Company. The sales increase would accelerate once deliveries begin in 2003 and go through 2005, he said. Lockheed's aeronautics unit, which makes the F-16 and F-22 fighters and C-130J transport planes, accounted for $5.4 billion of the company's $25.3 billion in total sales last year. The contract could pave the way for other foreign sales of the Block 60 aircraft -- an F-16 more sophisticated than versions flown by the Air Force. --- pcyhuang huangcapital.com