NEW YORK (TheStreet) -- Shares of Lockheed Martin (LMT) - Get Report  were rising in early-afternoon trading on Monday as the Bethesda, MD-based company will post its 2016 fiscal third-quarter results before tomorrow's market open. 

Analysts surveyed by FactSet are looking for adjusted earnings of $2.90 per share and $11.45 billion in revenue. 

The security and aerospace company earned $2.77 per diluted share on revenue of $11.46 billion during the same quarter last year. 

Additionally, Lockheed Martin last week won an approximately $743.2 million modification to a previously awarded government contract for F-35 Lightning II Joint Strike Fighters, Reuters reports. 

The modification sets maximum prices for one F-35A aircraft and one F-35B aircraft for a non-U.S. Department of Defense participant in the F-35 program.  

(Lockheed Martin is a holding in David Peltier's Dividend Stock Advisor.)

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Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

The team rates Lockheed Martin as a Buy with a ratings score of A. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. The team feels its strengths outweigh the fact that the company has had generally high debt management risk by most measures that it evaluated.

You can view the full analysis from the report here: LMT

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