LMT - Lockheed Martin: Justified Disconnection Between Demand And Performance

2024-05-26 12:28:32 ET

Summary

• Lockheed Martin shares have been stagnant for the past two years despite growing geopolitical tension and a growing backlog.
• Geopolitical tension is leading to increased defense budgets, reflected in Lockheed Martin's record backlog of $160 billion.
• The company is struggling to capitalize on the growing demand due to pricing limitations and a slow supply chain.

Lockheed Martin ( LMT ) shares have been treading water ever since their initial bounce that followed Russia's invasion of Ukraine.

Despite the growing geopolitical tension in several parts of the world and an impressively growing backlog, shares have been essentially flat for the last two years....

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