Lockheed Martin Sees Ongoing Demand for F-35 Variants, Preserving Its Long-Term Position in Defense

Lockheed derived nearly 75% of its $67.6 billion in 2023 sales servicing contracts from the US Department of Defense, the largest military budget on Earth, and stands to operate the largest defense procurement program ever awarded (F-35) through the 2060s. Thus, as a bet on the defense industry, Lockheed is hard to beat. Biggest isn't always best, but Lockheed (and investors) benefit from the sheer scale of its tens of billions of dollars of contracts that provide defined decadeslong revenue and profit streams.