I have to be honest, I have always known about Lockheed Martin (LMT) to be one of the great American Defense companies of its time, but I never have taken a deep dive until now, and I must say, the company's results are extremely impressive. Driven by a quality management team, the company continues to excel. With current market analysts continuing to fear market valuations are being stretched, is it time to get defensive with LMT? Let's take a look at the company's recent results and their plans to sore higher in the future to determine if an investment in LMT is warranted.
Source: LMT Investor Relations
Recent Results
In this piece, I have taken a look at LMT's recent five-year history, as well as their trailing 12-months data. Since Election Day on November 8th, Lockheed Martin stock has increased approximately 35%. Initial speculation was that the new Trump administration would look to increase the defense spending budget, similar to prior republican administrations. The increase in spending was confirmed when the company finalized negotiations on the sale of its F-35fighter jet to 11 countries, including the United States, in a deal valued at over $37 billion.
