Peru Plans to Purchase 12 F-16 Fighter Jets from Lockheed Martin
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy LMT?
Source: seekingalpha
- Acquisition Announcement: The Peruvian government has announced plans to purchase 12 F-16 Block 70 fighter jets, a move that will help modernize the nation's air force and upgrade its aging fleet, demonstrating Peru's commitment to defense modernization.
- Production Location: The aircraft will be manufactured at Lockheed Martin's facility in Greenville, South Carolina, and while financial terms were not disclosed, this decision is expected to positively impact the local economy and stimulate related industries.
- Political Turmoil Impact: The political turmoil in Peru has heightened uncertainty around the procurement process, especially following the resignation of defense and foreign ministers, which has diminished public trust in President Balcázar and may affect future defense spending decisions.
- Long-term Replacement Efforts: Peru has been evaluating options to replace older combat aircraft for several years, with military officials arguing that renewing the fleet is essential for maintaining operational readiness and national airspace control; if the purchase proceeds, Peru will join 29 other nations operating the F-16.
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Analyst Views on LMT
Wall Street analysts forecast LMT stock price to rise
12 Analyst Rating
4 Buy
7 Hold
1 Sell
Hold
Current: 529.790
Low
430.00
Averages
535.50
High
605.00
Current: 529.790
Low
430.00
Averages
535.50
High
605.00
About LMT
Lockheed Martin Corporation is a global aerospace and defense company. The Company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Its segments include Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft. MFC segment provides air and missile defense systems, manned and unmanned ground vehicles, energy management solutions, and others. RMS segment designs, manufactures, services and supports various military and commercial helicopters, surface ships, sea and land-based missile defense systems, and others. Its Space segment is engaged in the research and design, development, engineering and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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