LMT - Better Buy: Lockheed Martin vs. General Dynamics
2023-05-30 10:12:00 ET
A lot of money goes into defending the U.S. and its global interests. The defense budget is nearly $800 billion this year, the most by a country by a wide margin. A chunk of that money goes to companies like Lockheed Martin (NYSE: LMT) and General Dynamics (NYSE: GD) , which design and build weapons, equipment, and technology for the U.S. and its allies.
Both companies have been successful investments over the years, but which is the better buy today? The fundamentals of each stock make it a close race, but one arguably wins by a hair.
Here is what you need to know.
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Better Buy: Lockheed Martin vs. General Dynamics