Lockheed Martin Stock Forecast: LMT Ready for Takeoff

Source: Lockheed Martin
WhitneyThe 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

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BlairThe article was written by Blair Goldenberg, a Financial Analyst at I Know First, and enrolled in a Masters of Finance at Colorado State University.

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