Is Lockheed Martin Stock a Buy Right Now?
Lockheed Martin (NYSE: LMT) shares have been caught up in the recent sell-off, giving up more than half of the impressive 49% gain investors enjoyed in 2019.
The selling is in some ways understandable. Lockheed Martin has had to halt production of its F-35 fighter in Japan, and is sure to face other coronavirus-related disruptions. It also announced an unexpected, though not completely surprising, CEO transition.
But the company, the world's largest pure-play defense contractor, also has the benefit of significant long-term contracts, a massive order backlog, and a lack of exposure to consumer and corporate buyers most impacted by a potential recession.
Source Fool.com
