Fitch affirms Lockheed Martin

Fitch Ratings said it affirmed Lockheed Martin Corp.'s issuer default rating at A-, senior unsecured debt rating at A-, bank facility at A-, short-term issuer default rating at F2 and commercial paper programs at F2.

The outlook is stable.

The ratings are supported by the company's competitive position in the defense sector, strong liquidity and cash flow and solid credit metrics for the ratings, Fitch said.

Concerns include the large pension deficit, its F-35 program restructuring and related cost growth, the agency said, along with some modest program concentration.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.