Lockheed Martin - Rising Defense Budgets Provide Strong Outlook

Business Driver: Lockheed Martin (LMT) is one of the largest US defense contractors. With its broadly diversified portfolio, which includes modern fighter jets like the F-35 and F-22 as well as air and missile defense systems and advanced laser weapons, Lockheed Martin is well-positioned to benefit from continued increases in US defense budgets. Recently, US President Trump announced an increase in the US military budget to 1.5 trillion USD by 2027. In the recently concluded Q3, Lockheed Martin exceeded consensus expectations of 6.35 USD per share...