Moody's: Lockheed Martin outlook stable

Moody's Investors Service said it revised Lockheed Martin Corp.'s outlook to stable from positive and affirmed the Baa1 senior unsecured and P-2 short-term ratings of the company and its supported subsidiaries.

The agency said the outlook was revised because the combination of ongoing funding for the pension obligations and the margin pressures, from changes in Defense Department acquisition priorities and a changing business mix, make an upgrade to A3 unlikely over the near term.

Nonetheless, Moody's expects Lockheed Martin to sustain its strong financial profile with a business position in the defense industry fully characteristic of its high Baa long-term rating.

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