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Here's Lockheed Martin's Next Big Growth Opportunity

TheMotleyFool

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Here's Lockheed Martin's Next Big Growth Opportunity

Lockheed Martin (NYSE: LMT) has been a highflier among defense stocks in recent quarters, fueled on by an impressive portfolio headlined by the F-35 Joint Strike Fighter. The company's latest quarter continued the positive trend, with Lockheed easily beating estimates and raising guidance for the full year.

The outperformance in recent years has been driven by the slow and steady ramp-up of the F-35, potentially a trillion-dollar program, as well as the U.S. government's hunger to replenish its missile stocks and update missile defenses. Those trends are going to take time to play out and should provide Lockheed Martin a boost for the next few years.