AllAnalyst Report
logoMorningstarMarch 27, 2024

Lockheed Martin Corporation: Defense Sector: We Are In for a Noisy and Prolonged Budgeting Season; Signals Scarce So Far

Symbols
LMT
Sector(s)
Industrials
Rating
Current Price
$461.29
Fair Value
Economic Moat
Stewardship
Summary

Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed’s largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed’s remaining segments are rotary and mission systems, which is mainly the Sikorsky helicopter business; missiles and fire control, which creates missil

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