Lockheed Martin Is Best Of Breed And Worth Considering

Callum Turcan
4.87K Followers

Summary

  • Lockheed Martin offers investors a compelling combination of income growth and capital appreciation upside.
  • Short-term hurdles are holding down deliveries of its F-35 jet fighters this year, though these headwinds should abate in the medium term.
  • Management expects Lockheed Martin will return to growth in 2024.
  • Lockheed Martin is a stellar generator of free cash flow in almost any operating environment and is run by an incredibly shareholder-friendly management team.
  • Its exposure to the space economy underpins Lockheed Martin's bright growth outlook.

Lockheed Martin F-35 Lightning II fighter jet plane on the tarmac of Kleine-Brogel Airbase. Belgium - September 8, 2018

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Global geopolitical tensions are hot and getting hotter, which in turn is driving up national defense budgets in North America, Asia, and Europe. Lockheed Martin Corporation (NYSE:LMT) is well-positioned to capitalize on this dynamic as the defense contractor

This article was written by

4.87K Followers
Worked as an equity analyst for several years in the USA and have been writing financial articles and analyzing publicly traded companies for more than a decade.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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