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Moody's affirms Lockheed Martin; outlook up to positive
Moody's Investors Service said it affirmed the Baa1 senior unsecured and Prime-2 short term ratings of Lockheed Martin Corp. and its supported subsidiaries and changed the outlook to positive.
Moody's said it also assigned a provisional Baa1 to a senior unsecured shelf.
With the change to positive outlook, Moody's said it expects Lockheed Martin's financial metrics could strengthen with steady free cash flow continuing, as the company works through its large backlog.
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