Will Lockheed Martin Continue This Bull Run?
With shares of Lockheed Martin (NYSE:LMT) trading around $129, is LMT an OUTPERFORM, WAIT AND SEE, or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:
T = Trends for a Stock’s Movement
Lockheed Martin is a global security and aerospace company principally engaged in the research, design, development, manufacture, integration, and sustainment of technology systems and products. The company also provides a range of management, engineering, technical, scientific, logistic, and information services. It serves both domestic and international customers with products and services that have defense, civil, and commercial applications with its principal customers being agencies of the U.S. government. It operates in five business segments: Aeronautics, Information Systems & Global Solutions, Missiles and Fire Control, Mission Systems and Training, and Space Systems.
Lockheed Martin is cutting 600 jobs around the country from its Washington, D.C.-based Mission Systems and Training Division this month, the Washington Post reports. Lockheed Martin said the job cuts were not caused by the government shutdown but by increased competition and uncertainty over funding, according to a company spokesman. Lockheed Martin’s Mission Systems and Training unit focuses on making drones and other unmanned technologies.