Lockheed Martin has Signed Missile Contracts Worth up to $10 Billion Within a few Weeks. The Order Backlog Amounts to a Remarkable $173 Billion.

The stock of Lockheed Martin (LMT;i) recently suffered among defense stocks due to reduced procurement plans for the F-35 program. Nevertheless, Lockheed Martin reported solid year-over-year growth of 4% in the first quarter, and profits also showed a slight increase. This was announced by Lockheed on Tuesday (April 22). The company generated strong free cash flow and remains a solid dividend payer while actively repurchasing its own shares. For the current year, the EPS forecast has been reaffirmed at $27.00-27.30. Free cash flow is expected to...