LMT - Lockheed Martin: Momentum Is Building For A Counter Trend Bounce

2024-03-16 04:20:45 ET

Summary

• Lockheed Martin Corporation is a global security and aerospace company with key markets in defense, space, intelligence, homeland security, and information technology.
• The company's largest program is the F-35 stealth fighter aircraft, accounting for 26% of total consolidated revenues.
• LMT's business is heavily influenced by the US government's military budget, with 87% of its revenues being accounted for by the variance in military spending.
• LMT's price appears to be lower than its intrinsic value and the stock tends to outperform the market in a "risk off" environment.

Company Description

Lockheed Martin Corporation ( LMT ) is a global security and aerospace company engaged in advanced technology systems and their associated products and services. LMT’s key markets include defense, space, intelligence, homeland security and information technology.

The business environment is heavily regulated and the vast majority of LMT’s programs involve the US government as either the direct customer or the approver of programs involving foreign governments. Currently 73% of revenues are to the US government and the remainder are to foreign governments via contracts involving the US government.

LMT’s largest program is the F-35 stealth fighter aircraft, and it represents 26% of the current total consolidated revenues....

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