Lockheed Martin Corp

LMT: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$426.00	Kpst	Smnxrjgrcp

Lockheed Martin Earnings: F-35 and Missile Defense Programs at Full Speed; Fair Value Estimate Up To $480

Nicolas Owens

Jul 18, 2023

Lockheed Martin reported second-quarter results on July 18 that surpassed management's previous expectations and our forecast. We increased our fair value estimate from $441 to $480 per share to reflect accelerated production of F-35 fighter jets and increased activity in missile defense programs.

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