LMT - Seeking Alpha? Lockheed Martin Is The Place To Be

2024-05-20 09:54:23 ET

Summary

• Lockheed Martin's stock has returned 10% in the past three months, outperforming the S&P 500.
• European allies are increasing defense spending, creating more demand for companies like Lockheed Martin.
• Lockheed Martin is well-positioned for growth with major programs and advancements in aviation and missile technology.

Introduction

Until I started throwing a lot of money at Texas Pacific Land Corporation ( TPL ), Lockheed Martin Corporation ( LMT ) was my largest investment.

I have covered the company quite consistently since making it a major position in my dividend growth portfolio when defense contractors were struggling with post-pandemic supply chain issues.

My most recent article was written roughly three months ago, when I called the stock a " Premier Investment Choice. "...

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