With two significant wars at the moment, you would think the question of which defense stocks to buy would be a topic of interest for investors. However, according to Barron's, the top five defense stocks: Lockheed Martin (NYSE: LMT ), Northrop Grumman (NYSE: NOC ), Boeing (NYSE: BA ), General Dynamics (NYSE: GD ) and RTX (NYSE: RTX ) have only gained an average of 30% over the past five years, significantly less than the index itself.
Lockheed (LMT) is set to provide systems engineering, test planning and long lead material to support missile production.
The latest trading day saw Lockheed Martin (LMT) settling at $469.71, representing a +0.3% change from its previous close.
Recently, Zacks.com users have been paying close attention to Lockheed (LMT). This makes it worthwhile to examine what the stock has in store.
Lockheed Martin's stock has returned 10% in the past three months, outperforming the S&P 500. European allies are increasing defense spending, creating more demand for companies like Lockheed Martin. Lockheed Martin is well-positioned for growth with major programs and advancements in aviation and missile technology.
Lockheed's (LMT) MLRS Family of Munitions includes a variety of precision-strike rockets and missiles, with ongoing evolutionary development to meet the needs of today's warfighter.
Lockheed (LMT) is set to procure diminishing manufacturing sources of parts required for the production and sustainment of F-35 jets.