Topic: How To Invest

Q: What does TSI think about Lockheed Martin stock? Thanks for all your good advice over the years!

Article Excerpt

A: Lockheed Martin Corp., $408.88, symbol LMT on New York (Shares outstanding: 251.8 million; Market cap: $104.0 billion;, is the world’s largest defence contractor. The company operates 375 facilities, employs 116,000 people, and has over 16,000 active suppliers, in every U.S. state and more than 50 countries. It’s headquartered in Bethesda, Maryland. Lockheed has four operating segments: Aeronautics (41% of revenue), Missile and Fire Control (17%), Rotary and Mission Systems (23%), and Space (19%). In December 2020, the company announced it would acquire Aerojet Rocketdyne Holdings Inc. (symbol AJRD in New York) for $4.4 billion. Aerojet Rocketdyne is a leading rocket engine and missile manufacturer. The company produces solid rocket motors as well as tactical and strategic missiles for the U.S. Defense Department. It’s the maker of the rocket engines that took astronauts to the moon in 1969. Lockheed Martin was already very familiar with Aerojet Rocketdyne as it uses the company’s propulsion systems in several of its product offerings. However, Lockheed Martin walked away…