LMT - Lockheed Martin: Undervalued Aerospace And Defense Stock With Robust Profitability

2024-03-25 11:30:00 ET

Summary

• Lockheed Martin is the world’s largest defense contractor and a $105 billion (by market cap) global defense juggernaut that employs more than 120,000 people.
• Lockheed's 10-year dividend growth rate is 9.8%, and the stock yields a market-beating 2.9%.
• The company advanced its revenue from $39.9 billion in FY 2014 to $67.6 billion in FY 2023.
• I am Jason Fieber, I contribute to the investing group Dividends & Income Select. Others on the team for this new service are Dave Van Knapp, Mike Nadel, and Greg Patrick.

Lockheed Martin Corp. (LMT) is the world's largest defense contractor. Founded in 1912, Lockheed Martin is now a $105 billion (by market cap) global defense juggernaut that employs more than 120,000 people. The company reports results across four segments: Aeronautics, 41% of FY 2023 revenue; Rotary and Mission Systems, 24%; Space, 19%; and Missiles & Fire Control, 17%. Lockheed Martin sources nearly 75% of its revenue from the US government (including approximately 64% from the US Department of Defense).

Locked Martin manufactures a range of major military aircraft platforms, including the F-35 Lightning II, the F-22 Raptor, the F-16 Fighting Falcon, and the SH-60 Seahawk. The F-35, a fifth-generation combat aircraft, is the largest and most expensive military weapons system in the world. In addition, the company's various missile programs are critical for both offensive and defensive capabilities....

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