LMT Stock Forecast: LMT Ready for Takeoff
The article was written by Whitney Su, a Financial Analyst at I Know First.“…we remain focused on performing with excellence for customers, and our record backlog and differentiating portfolio have us well-positioned for continued growth and long-term value creation for shareholders.” Marillyn Hewitt, CEO, Lockheed Martin, Inc.
Summary:
- Escalating political tensions globally lead to interest in military F-35 purchases
- First quarter of 2019 saw an overall 23.3 percent increase in revenue compared to Q1 2018
- Innovative technologies and solutions will drive company’s growth in the years to come
- Current bullish I Know First long-term stock forecast for Lockheed Martin
Lockheed Martin is one of the biggest aerospace & defense technology companies in the world, generating a revenue of $53.8 billion dollars in 2018 alone, an increase of nearly 3.8 billion dollars from the 50-billion-dollar revenue of 2017. Revenue trends for LMT are expected to be on the up and up for the
