Lockheed Martin: The USA plans to increase the defense budget by 150 billion USD - more money for the Golden Dome missile shield!
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In the USA, defense stocks could come into sharper focus as the weekend approaches. Three reasons make Lockheed Martin interesting right now and could signal an end to the bottoming process in the near future! This week's quarterly results were very strong, with 4% growth and a 15% increase in EPS. The company is sitting on orders exceeding 173 billion USD. New contracts include precision missiles, THAAD (mobile missile system), and JASSM/LRASM (cruise missiles). The Republicans plan a 150 billion USD defense package in Congress, which will...
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