Summary
- Lockheed Martin exhibits strong competitive advantages.
- The stock offers significant shareholder rewards.
- Lockheed Martin demonstrates a great short- and long-term outlook and the stock remains a good buy.
Source: Lockheed Martin
From an overarching perspective, Lockheed (LMT) appears to be an incredibly well-positioned company awash with strong competitive advantages. As the largest military defensive contractor in the world, LMT exhibits unwavering competitive advantages ranging from a monopoly on government defense spending, inseparable lobbying and congressional ties, an immunity from market forces, as well as unparalleled technology and human capital. Such venerable business characteristics and sustained operational outperformance have not gone unnoticed. Over the past five years, LMT has experienced market-beating capital appreciation of 17% a year. This article delineates my bullish investment thesis on LMT discussing business strengths, growth vectors, and the stock's current valuation.
